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Updated: 35 min 5 sec ago

Bank investors await U.S. stress test results for capital returns

15 hours 31 min ago
NEW YORK (Reuters) - U.S. investors expect banks and other financial institutions to announce large returns of capital to shareholders after the Federal Reserve publishes the first set of results from its annual “stress test” late Thursday.

China warns Washington's 'capricious' trade actions will hurt U.S. workers

16 hours 49 min ago
BEIJING (Reuters) - China's commerce ministry on Thursday accused the United States of being "capricious" over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington's penchant for brandishing "big sticks".

China warns Washington's trade actions will hurt U.S. workers, farmers

Wed, 06/20/2018 - 11:50pm
BEIJING (Reuters) - China's commerce ministry on Thursday accused the United States of being temperamental over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt.

Asian shares edge ahead, oil subdued before OPEC meeting

Wed, 06/20/2018 - 10:44pm
SYDNEY (Reuters) - Asian shares crept ahead on Thursday as a lull in the Sino-U.S. trade tussle and talk of more Chinese stimulus helped calm nerves, while tensions in the oil market grew ahead of an OPEC meeting that could expand the supply of crude.

China could strike back at Dow-listed firms over trade: Global Times

Wed, 06/20/2018 - 9:45pm
BEIJING (Reuters) - China could hit back at U.S. firms listed on the Dow Jones Industrial Average if U.S. President Donald Trump keeps exacerbating tensions with China over trade, state-controlled Chinese tabloid The Global Times said on Thursday.

Asian shares subdued amid lull in trade spat, oil eases into OPEC

Wed, 06/20/2018 - 8:41pm
SYDNEY (Reuters) - Asian shares were subdued on Thursday as a lull in the Sino-U.S. trade tussle helped calm nerves enough for the Nasdaq to reach a record high, while tensions in the oil market grew ahead of an OPEC meeting that may expand crude supply.

Boeing says Export-Import Bank vital to U.S. growth

Wed, 06/20/2018 - 7:46pm
(Reuters) - Restoring the U.S. Export-Import Bank's full lending powers is vital to the country's economic growth and to shrinking trade deficits, planemaker Boeing Co said on Wednesday after President Donald Trump nominated Kimberly Reed as the trade bank's president.

Exclusive: Toyota, pressed to innovate, is cutting marketing costs to fuel research

Wed, 06/20/2018 - 7:08pm
BEIJING (Reuters) - Toyota has begun slashing costs, starting with sales and marketing, and shifting resources into research that will help it keep up with new competitors, four people familiar with the matter said.

Daimler sees lower 2018 profit, blames trade war, emissions clamp-down

Wed, 06/20/2018 - 5:52pm
FRANKFURT (Reuters) - Daimler on Wednesday said profit would fall in 2018 as new import tariffs on cars exported from the United States to China would hurt sales of high-margin Mercedes-Benz sports utility vehicles.

Micron's quarterly results, forecasts beat on higher chip demand

Wed, 06/20/2018 - 5:47pm
(Reuters) - Micron Technology Inc's third-quarter profit and current-quarter forecasts beat Street's expectations, as the chipmaker benefited from a strong demand for its memory chips used in computers and smartphones amid tight supply.

Volvo Cars CEO says auto tariffs threaten jobs at new U.S. plant

Wed, 06/20/2018 - 5:38pm
BERKELEY COUNTY, South Carolina (Reuters - Chinese-owned Volvo Cars opened a new auto factory in South Carolina on Wednesday as company executives warned that the U.S.-China trade dispute could undermine plans to create up to 4,000 more auto jobs in the heavily Republican state.

Short-sellers sense an opportunity as China trade tensions brew

Wed, 06/20/2018 - 5:34pm
NEW YORK (Reuters) - Escalating trade tensions between Washington and Beijing may have sent tremors across the U.S. stock market but short-sellers are taking the opportunity to boost bearish bets against U.S. companies exposed to a full-blown trade war.

Trump, U.S. lawmakers meet to discuss 'problematic' measure on China's ZTE

Wed, 06/20/2018 - 4:52pm
WASHINGTON (Reuters) - U.S. President Donald Trump and a group of Republicans from the Senate and House of Representatives met at the White House on Wednesday to discuss their disagreement over how to penalize Chinese telecommunications company ZTE Corp.

Daimler issues profit warning, blames U.S.-China trade war

Wed, 06/20/2018 - 4:36pm
(Reuters) - Daimler AG on Wednesday flagged headwinds for its 2018 earnings mainly due to fewer-than-expected Mercedes-Benz SUV sales and likely higher costs resulting from increased import tariffs for U.S. vehicles into the Chinese market.

Former Puma Biotech executive gets U.S. prison term for insider trading

Wed, 06/20/2018 - 4:28pm
BOSTON (Reuters) - A former Puma Biotechnology Inc executive was sentenced on Wednesday to 2-1/4 years in prison for trading on inside information ahead of announcements by the biopharmaceutical company about a breast cancer drug it was developing.

Micron reports 40 percent jump in quarterly sales

Wed, 06/20/2018 - 4:08pm
(Reuters) - Chipmaker Micron Technology Inc reported a 40 percent jump in quarterly sales on Wednesday, driven by strong demand for its memory chips used in computers and smartphones.

Nasdaq climbs to record; Dow capped by trade concerns

Wed, 06/20/2018 - 4:05pm
NEW YORK (Reuters) - The Nasdaq closed at a record on Wednesday, lifted by a climb in large-cap tech and consumer discretionary names, while the Dow and S&P 500 were hemmed in as concerns over an escalation in the U.S.-China trade skirmish simmered.

Nasdaq hits record high; Dow remains under pressure

Wed, 06/20/2018 - 3:03pm
(Reuters) - The Nasdaq touched a record on Wednesday, lifted by a climb in large-cap tech and consumer discretionary names, while the Dow and S&P 500 were hemmed in as concerns over an escalation in the U.S.-China trade spat simmered.

What trade war? FAANGs scale new highs

Wed, 06/20/2018 - 2:53pm
(Reuters) - Four of the five so-called FAANG stocks – Facebook, Alphabet, Amazon and Netflix – surged to all-time highs on Wednesday, with only Apple spoiling a perfect scorecard.

U.S. lawmakers want Google to reconsider links to China's Huawei

Wed, 06/20/2018 - 2:43pm
WASHINGTON (Reuters) - A group of Republican and Democratic U.S. lawmakers asked Alphabet Inc's Google on Wednesday to reconsider its work with Chinese telecommunications firm Huawei Technologies Co Ltd [HWT.UL], which they described as a security threat.

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