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Updated: 35 min 42 sec ago

Britain happy with Murdoch's Sky News guarantees

Tue, 06/19/2018 - 11:49am
LONDON (Reuters) - Britain said Rupert Murdoch's Twenty-First Century Fox had answered its remaining doubts about the independence of Sky News if the U.S. company buys all of its parent Sky, paving the way for a takeover battle over the pay-TV group.

Wall Street tumbles, Dow erases 2018 gains as trade worries worsen

Tue, 06/19/2018 - 11:47am
(Reuters) - U.S. stocks slumped and the Dow Jones Industrial Average erased its gains for the year on Tuesday, as a sharp escalation in U.S.-China trade dispute jolted the markets and triggered a rush to safer assets.

ZTE, U.S. suppliers shares tank after Senate puts Trump reprieve in doubt

Tue, 06/19/2018 - 11:25am
HONG KONG (Reuters) - Shares of ZTE Corp and its American business partners took a hit on Tuesday after the U.S. Senate's passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with U.S. suppliers.

Airbus seeks China deal after diplomatic gaffe: sources

Tue, 06/19/2018 - 11:23am
PARIS (Reuters) - Airbus is in talks to rescue a plane sale to China thrown into doubt earlier this year shortly after a perceived gaffe by two European envoys over China's sensitive historical relationship with Japan, people familiar with the matter said.

VW and Ford mull alliance to develop and make transporter vans: sources

Tue, 06/19/2018 - 11:22am
FRANKFURT (Reuters) - Volkswagen and Ford are in preliminary talks over a development and production alliance for commercial transporter vans, two sources familiar with the matter said on Tuesday.

Activist Icahn gains control of board in proxy fight at SandRidge Energy

Tue, 06/19/2018 - 11:16am
OKLAHOMA CITY (Reuters) - Activist investor Carl Icahn on Tuesday won a battle for control of SandRidge Energy, winning at least four of seven seats on the board of the U.S. shale producer that he wants to sell.

China slams U.S. 'blackmailing' after Trump makes new trade threat

Tue, 06/19/2018 - 10:49am
BEIJING/WASHINGTON (Reuters) - China accused the United States on Tuesday of "extreme pressure and blackmailing" and vowed to retaliate after U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods in an escalation of the trade conflict between the world's two biggest economies.

Activist Carl Icahn gains control of board in proxy fight at SandRidge Energy

Tue, 06/19/2018 - 10:47am
OKLAHOMA CITY (Reuters) - Activist investor Carl Icahn on Tuesday won at least four seats on the board of SandRidge Energy , winning a battle for control of the U.S. shale producer that he wants to sell to others or buy himself.

China seeks jets as French PM heads to Beijing

Tue, 06/19/2018 - 10:42am
PARIS (Reuters) - China Eastern has called for bids to supply 150 single-aisle jetliners like the Airbus A320 or Boeing 737 as Airbus seeks to revive a stalled plane deal with China, industry sources said.

Wall Street slides, Dow erases 2018 gains as trade spat intensifies

Tue, 06/19/2018 - 10:28am
(Reuters) - U.S. stocks slumped on Tuesday, with the Dow Jones Industrial Average erasing its gains for the year, as markets were rattled by a sharp escalation of the trade dispute between the United States and China.

Wall Street falls as China-U.S. trade tensions mount

Tue, 06/19/2018 - 9:36am
(Reuters) - U.S. stocks opened lower on Tuesday as President Donald Trump's latest threat to impose duties on additional Chinese goods heightened worries that tit-for-tat tariffs could spiral into a trade war.

Fender revamps its electric guitars amid sales recovery

Tue, 06/19/2018 - 9:10am
(Reuters) - Fender Musical Instruments Corp, the iconic electric guitar maker whose instruments have powered music from Eric Clapton to contemporary acts like Daniel Caesar, is replacing its biggest-selling lineup of guitars as its sales tick up.

UPS to spend $130 million on new natural gas vehicles, fueling stations

Tue, 06/19/2018 - 8:40am
LOS ANGELES (Reuters) - Package delivery company UPS on Tuesday said it will invest $130 million to buy 730 compressed natural gas vehicles and build five more domestic CNG fueling stations as the industry moves to shift from petroleum-burning vehicles to those that use less-polluting alternative fuels.

Russia, Saudi push for big hike in oil output despite Iran opposition

Tue, 06/19/2018 - 8:31am
VIENNA/MOSCOW (Reuters) - Russia and Saudi Arabia are pushing OPEC and its allies to raise oil output steeply from July to meet growing demand and cover supply outages in Venezuela and Libya despite opposition from several members of the producer group including Iran.

Futures slide as China-U.S. trade dispute heats up

Tue, 06/19/2018 - 8:27am
(Reuters) - Futures on the three main U.S. indexes slumped more than a percent on Tuesday as President Donald Trump's latest threat to impose duties on additional Chinese goods heightened concerns that tit-for-tat tariffs could spiral into a trade war.

VW names interim Audi boss, seeking to steady brand after CEO arrest

Tue, 06/19/2018 - 8:05am
MUNICH (Reuters) - Volkswagen suspended Audi boss Rupert Stadler and announced an interim replacement on Tuesday, seeking to steady its most profitable business after German authorities arrested Stadler as part of an emissions probe.

Audi supervisory board suspends CEO, installs interim chief: source

Tue, 06/19/2018 - 7:23am
MUNICH (Reuters) - The supervisory board of Audi has suspended Chief Executive Rupert Stadler and appointed Dutchman Bram Schot as an interim replacement, a source familiar with the matter said on Tuesday.

VW, Audi resume crisis talks after Audi CEO arrest: sources

Tue, 06/19/2018 - 6:39am
MUNICH (Reuters) - Volkswagen bosses were locked in a second day of hastily convened meetings to address a leadership crisis sparked by the arrest of the head of the carmaker's Audi brand, sources familiar with the matter said on Tuesday.

Trade war worries slam China and emerging markets

Tue, 06/19/2018 - 5:15am
LONDON (Reuters) - Chinese stocks fell almost 4 percent and alarm bells rang across global markets on Tuesday, as the trade dispute between the United States and China escalated further.

OPEC sees strong oil market, possible need for more output

Tue, 06/19/2018 - 4:55am
VIENNA (Reuters) - Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the group.

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