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Updated: 49 min 9 sec ago

South Korean steelmaker POSCO names head of Posco Chemtech as candidate for next leader

3 hours 45 min ago
SEOUL (Reuters) - South Korean steelmaker POSCO on Saturday selected Choi Jeong-woo, the head of affiliate Posco ChemTech, as its final candidate to lead the company.

Xiaomi puts indefinite delay on CDRs in blow to China's plans for tech listings

6 hours 32 min ago
HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Corp said on Saturday there is no timeframe for a mainland share offering, casting doubt on Beijing's efforts to lure foreign-listed Chinese tech giants back home.

China's Xiaomi says has no timeframe for mainland share offering

Fri, 06/22/2018 - 11:32pm
HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Corp said on Saturday there is no timeframe for a mainland share offering and the company has no disagreement with the China Securities Regulatory Commission.

Netflix communication head quits over 'insensitive' comment

Fri, 06/22/2018 - 5:47pm
(Reuters) - Netflix Inc Chief Communications Officer Jonathan Friedland is leaving the video streaming company, a company spokesperson said on Friday without giving more details.

Trump greets EU trade reprisals with threat of steep auto tariff

Fri, 06/22/2018 - 5:01pm
WASHINGTON (Reuters) - President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars.

Dow snaps losing streak on energy lift

Fri, 06/22/2018 - 4:20pm
NEW YORK (Reuters) - The S&P 500 and Dow Jones Industrial Average climbed on Friday, as the Dow put to rest an eight-day losing streak with a boost from energy stocks, but losses in the technology space kept the Nasdaq in check.

China's ZTE expected to take last step to lift ban: U.S. official

Fri, 06/22/2018 - 3:55pm
(Reuters) - ZTE Corp is expected to deposit $400 million in an escrow account in a U.S. bank in the "next couple of days," the last step the Chinese company must take before a ban on U.S. suppliers can be lifted, a U.S. Department of Commerce official told Reuters on Friday.

Bitcoin falls to four-month low in persistent bearish trend

Fri, 06/22/2018 - 3:18pm
NEW YORK (Reuters) - Bitcoin dropped to a more than four-month low on Friday, continuing a downtrend after more negative headlines such as Japan's financial regulator ordering six digital currency exchanges to make improvements on their anti-money laundering systems.

Harley says EU duties could prompt price hikes

Fri, 06/22/2018 - 3:06pm
FRANKFURT (Reuters) - Harley-Davidson Inc could be forced to raise prices in Europe due to EU tariffs on U.S. goods, hitting buyers of new motorcycle models when they are shipped to dealers later in the year, the head of its central European business said.

Energy stocks gain on oil boost; Dow set to snap losing skid

Fri, 06/22/2018 - 3:01pm
NEW YORK (Reuters) - The S&P 500 and Dow Jones Industrial Average advanced on Friday, with the Dow poised to end an eight-day losing streak, as a jump in oil prices lifted energy stocks, but losses in technology stocks kept the Nasdaq in check.

Shares in Russia's Sistema drop 9 percent on U.S. sanctions fears

Fri, 06/22/2018 - 2:58pm
MOSCOW (Reuters) - Shares in Russian business conglomerate Sistema fell 8.7 percent in Moscow trade on Friday, after two U.S. lawmakers called for an investigation into whether the group's owner should be subject to sanctions.

VW may seek damages from ex-CEO Winterkorn over dieselgate

Fri, 06/22/2018 - 2:33pm
FRANKFURT (Reuters) - Volkswagen is reviewing whether to seek damages from former Chief Executive Martin Winterkorn, who was at the helm when it emerged the carmaker had cheated on emissions tests, supervisory board member Stephan Weil told a newspaper.

Big Oil eyes U.S. minority groups to build offshore drilling support

Fri, 06/22/2018 - 1:34pm
WASHINGTON (Reuters) - The largest U.S. oil and gas lobby group is seeking to convince Hispanic and black communities to support the Trump administration's proposed expansion of offshore drilling, arguing it would create high paying jobs, including for storm-displaced Puerto Ricans.

Dow set to snap 8-day losing run as oil climbs

Fri, 06/22/2018 - 1:19pm
(Reuters) - U.S. stocks rose on Friday with the Dow Jones Industrial Average looking to snap its 8-day losing streak, powered by a surge in oil prices, but losses in technology stocks curbed some gains.

Renewable energy seeks demand, investment to survive Trump squeeze

Fri, 06/22/2018 - 1:00pm
NEW YORK (Reuters) - The wind and solar industries hope demand for carbon-free power from U.S. cities, states and corporations can offset headwinds from President Donald Trump's tax policy and tariffs, developers said this week.

Tesla recycling machine catches fire at Fremont, California campus

Fri, 06/22/2018 - 12:48pm
(Reuters) - A machine used for paper recycling caught fire Thursday night at Tesla Inc's Fremont, California, campus, outside the company's car production factory, but manufacturing was not affected, the company said.

U.S. unveils new veto threat against WTO rulings

Fri, 06/22/2018 - 12:44pm
GENEVA (Reuters) - The United States ramped up its challenge to the global trading system on Friday, telling the World Trade Organization that appeals rulings in trade disputes could be vetoed if they took longer than the allowed 90 days.

Trump threatens 20 percent U.S. tariff on EU car imports

Fri, 06/22/2018 - 12:42pm
WASHINGTON (Reuters) - President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars, a month after the administration launched an investigation into whether auto imports pose a national security threat.

Harley says EU duties will prompt prices hikes in the autumn

Fri, 06/22/2018 - 12:42pm
FRANKFURT (Reuters) - Harley-Davidson Inc expects to have to raise prices in Europe this autumn, when new motorcycle models are due to hit dealers' showrooms, due to EU tariffs on U.S. goods, the head of its central European business said.

Energy stocks push Wall Street higher; tech weighs

Fri, 06/22/2018 - 11:57am
(Reuters) - Wall Street rose on Friday boosted by higher oil prices after the OPEC agreed to a modest increase in output, but a drop in technology stocks capped gains.

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