Monday 11 June 2018

U.S. publishes details of ZTE deal, ban not yet lifted

U.S. publishes details of ZTE deal, ban not yet lifted

WASHINGTON (Reuters) - ZTE Corp's settlement with the U.S. Commerce Department was made public on Monday, but the ban on U.S. suppliers doing business with China's phone maker will not be lifted until the company pays $1 billion and places $400 million more in escrow in a U.S.-approved bank.

Stocks shake off G7 row, U.S. Treasury auctions see strong demand

(Reuters) - U.S. and European stocks edged up on Monday as investors shook off the weekend's chaotic G7 summit ahead of a week packed with diplomatic events, while a pair of U.S. Treasury Department auctions met with strong demand.

IMF's Lagarde says global economic outlook darkening by the day

BERLIN (Reuters) - International Monetary Fund chief Christine Lagarde led an attack by global economic organizations on U.S. President Donald Trump's "America First" trade policy on Monday, warning that clouds over the global economy "are getting darker by the day".

U.S. stocks rise ahead historic Singapore summit

NEW YORK (Reuters) - Wall Street stocks gained some ground on Monday as investors shrugged off the weekend's contentious meeting of the Group of 7 nations and focused on the historic United States-North Korea summit Tuesday morning in Singapore.

KKR to take Envision private for $5.57 billion in healthcare push

(Reuters) - KKR & Co said on Monday it will buy Envision Healthcare Corp , one of biggest U.S. providers of physicians to hospitals, in a deal valued at $5.57 billion as it builds up its healthcare portfolio.

'Fair trade, fool trade', Trump's tweets spew ire on NATO allies, Trudeau

SINGAPORE (Reuters) - U.S. President Donald Trump fired off a volley of tweets on Monday venting anger on NATO allies, the European Union and Canadian Prime Minister Justin Trudeau in the wake of a divisive G7 meeting over the weekend.

Investors ready to resuscitate Johnson & Johnson's ailing stock

NEW YORK (Reuters) - Johnson & Johnson shareholders have endured a painful year amid worries about prospects for its many businesses, but investors capitalizing on the stock's relatively cheap valuation may be set to apply a Band-Aid to the declines.

Tesla's Autopilot to get 'full self-driving feature' in August

(Reuters) - Shares of Tesla Inc rose as much as 5 percent on Monday after Chief Executive Officer Elon Musk tweeted that its Autopilot driver assistance system will get full self-driving features following a software upgrade in August.

AT&T leads telecom stocks higher ahead of Time Warner ruling

** S&P 500 telecom sector higher, led by AT&T Inc , a day ahead of court decision on whether or not it can go through with its proposed purchase of Time Warner

Carrefour takes on French rivals in e-commerce with Google tie-up

PARIS (Reuters) - France's largest food retailer Carrefour is teaming up with Google to boost its online shopping business on its home turf, where rivals are also launching e-commerce offensives.

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