Reuters Before the Bell: China says will respond if U.S. escalates trade tension

Click to View in Browser Tuesday, June 11, 2019 China says will respond if U.S. escalates trade tension China will respond firmly if the United States insists on escalating trade tensions, the foreign ministry said on Tuesday after U.S. President Donald Trump said further tariffs were ready to kick in if no deal was reached at a G20 summit this month. World shares rally again on Trump tariff relief, Fed hopes World shares rallied on Tuesday to hold near one-month highs, with German carmakers outperforming and Wall Street looking to extend gains after the United States stepped back from imposing tariffs on Mexico. Foxconn has enough capacity outside China to meet Apple's U.S. demand Foxconn, the world's top contract electronics assembler, said it had enough capacity outside China to meet Apple's demand in the American market if the need should arise for the iPhone maker to adjust its production lines due to the U.S.-China trade war. Exclusive: Top Japanese chip gear firm to honor U.S. blacklist of Chinese firms - executive Japan's Tokyo Electron, the world's No.3 supplier of semiconductor manufacturing equipment, will not supply to Chinese clients blacklisted by Washington, a senior company executive told Reuters. Planemakers race for wide-body orders in Asia showdown Airbus and Boeing are battling for wide-body aircraft orders worth well over $10 billion as the clock ticks towards next week's Paris Airshow, industry sources said. Fear and fervor propel Shanghai's tech board amid trade, Huawei tensions Chinese companies and investors are lining up in spades to take part in Shanghai's new Nasdaq-style tech board, with a groundswell of patriotic support surging further after the U.S. blacklisting of telecom firm Huawei inflamed trade tensions. Factbox: Some of the biggest candidates for Shanghai's new tech board Shanghai's new Nasdaq-style Sci-tech Innovation Board has so far drawn applications from 120 companies. Explainer: 'Privacy coin' Monero offers near total anonymity Bitcoin's share of the cryptocurrency market is sliding, with a host of alternative digital coins gaining ground as developers race to create digital cash that can gain a footing in mainstream commerce and finance. Rise of smaller rivals throws up fresh challenge to bitcoin Bitcoin's weathered hacks, heists, booms and busts to reign as the king of cryptocurrencies through its first decade. But now there's a fresh challenge to its dominance of the fledgling market: some 2,000 smaller digital coins. Exclusive: Zambian government has no plans to seize First Quantum - sources Zambia has no plans to seize the assets of Quantum Minerals Ltd and the copper producer intends to stay in the country despite the government's move to wrest control of a rival miner, government and industry sources told Reuters. Related Video UK April pay data beats forecasts, employment growth slows Ted Baker shares tumble after 'extremely difficult' start to year Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook