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Updated: 35 min 55 sec ago

China slams U.S. 'blackmailing' as Trump issues new trade threat

Tue, 06/19/2018 - 4:46am
BEIJING/WASHINGTON (Reuters) - U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods and Beijing warned it would retaliate, in a rapid escalation of the trade conflict between the world's two biggest economies.

Exclusive: China's Xiaomi cuts valuation after pulling mainland offering: sources

Tue, 06/19/2018 - 4:29am
HONG KONG/SHANGHAI (Reuters/IFR) - Chinese smartphone maker Xiaomi has lowered its likely valuation to between $55 billion and $70 billion following its decision to delay its mainland share offering until after its Hong Kong IPO, three sources with direct knowledge of the matter said.

Audi to resume crisis talks after CEO arrest: sources

Tue, 06/19/2018 - 3:48am
MUNICH (Reuters) - Audi's board of directors will resume talks on Tuesday to address a leadership crisis at Volkswagen's most profitable brand, sources familiar with the matter said, following Audi chief Rupert Stadler's arrest.

Roche pays $2.4 billion for rest of cancer expert Foundation Medicine

Tue, 06/19/2018 - 3:46am
ZURICH/LONDON (Reuters) - Swiss drugmaker Roche is paying $2.4 billion to buy the rest of Foundation Medicine (FMI) , raising its bet on the U.S. genomic profiling group's ability to personalize cancer care.

China's Xiaomi cuts valuation to $55 billion-$70 billion: sources

Tue, 06/19/2018 - 3:40am
SHANGHAI/HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi has lowered its likely valuation to between $55 billion and $70 billion following its decision to delay its mainland share offering until after its Hong Kong IPO, three sources with direct knowledge of the matter said.

Asia stocks skid to four-month low as Trump raises stakes in China trade war

Tue, 06/19/2018 - 2:46am
TOKYO (Reuters) - Asian stocks sank on Tuesday and Shanghai shares plunged to near two-year lows as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world's two biggest economies.

Roche to pay $2.4 billion to buy rest of Foundation Medicine

Tue, 06/19/2018 - 1:38am
ZURICH (Reuters) - Swiss drugmaker Roche Holding AG has agreed to pay $137 per share to buy the rest of Foundation Medicine (FMI) , a $2.4 billion transaction that values the U.S. genomic profiling group at $5.3 billion, the partners said on Tuesday.

Trump ratchets up China trade conflict with fresh tariff threat

Tue, 06/19/2018 - 1:34am
WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the world's two biggest economies quickly escalated.

Asia stocks slide to four-month low as Trump raises stakes in China trade war

Tue, 06/19/2018 - 1:25am
TOKYO (Reuters) - A sell-off in Chinese stocks drove Asian equities to a four-month low on Tuesday, as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world's two biggest economies.

U.S. oil pipeline companies, producers seek relief from steel tariffs

Tue, 06/19/2018 - 1:02am
HOUSTON (Reuters) - Major U.S. energy companies including Plains All American Pipeline , Hess Corp and Kinder Morgan Inc are among many seeking exemptions from steel-import tariffs as the United States ratchets up trade tensions with exporters including China, Canada and Mexico.

Young at heart? Mercedes cultivates its aging workforce

Tue, 06/19/2018 - 12:06am
BERLIN (Reuters) - Too slow, inflexible, forgetful, always off sick. Those are some attitudes about older workers that carmaker Mercedes-Benz is trying to dispel as Germany grapples with the challenges of an aging society.

Australian court fines Apple $6.7 million over iPhone 'bricking' case

Mon, 06/18/2018 - 11:25pm
SYDNEY (Reuters) - An Australian court fined U.S. electronics giant Apple Inc A$9 million ($6.7 million) on Tuesday after a regulator accused it of using a software update to disable iPhones which had cracked screens fixed by third parties.

ZTE plummets after U.S. Senate puts Trump reprieve in doubt

Mon, 06/18/2018 - 11:11pm
HONG KONG (Reuters) - Shares of ZTE Corp plunged 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 its U.S. suppliers.

Trump threatens China with new tariffs on $200 billion in goods

Mon, 06/18/2018 - 11:03pm
WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the world's two biggest economies quickly escalated.

ZTE shares plunge after Senate bill passage sets up battle with Trump

Mon, 06/18/2018 - 10:36pm
HONG KONG (Reuters) - Shares of ZTE Corp plunged 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 its U.S. suppliers.

CEO Musk emails staff alleging employee 'sabotage'

Mon, 06/18/2018 - 10:34pm
SAN FRANCISCO (Reuters) - Tesla Inc Chief Executive Elon Musk said on Monday in an email to staff that an unnamed Tesla employee had conducted "extensive and damaging sabotage" to the company's operations including allegedly making unspecified code changes to its manufacturing operating system and sending what the email said was sensitive Tesla data to unnamed third parties.

Asia stocks slide to four-month low as Trump threatens more China tariffs

Mon, 06/18/2018 - 10:24pm
TOKYO (Reuters) - Asian stocks skidded to a four-month low on Tuesday as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world's two biggest economies that has rattled financial markets.

Intel has paths around Trump's China tariffs, analysts say

Mon, 06/18/2018 - 10:13pm
(Reuters) - Intel Corp, the world's biggest chipmaker by revenue and a prominent U.S. manufacturer, could avoid the most severe effects of a new list of Chinese tariffs proposed by U.S. President Donald Trump by shifting its production among its facilities, analysts said Monday.

Trump told Apple CEO iPhones will be spared from China tariffs: NYT

Mon, 06/18/2018 - 8:57pm
(Reuters) - President Donald Trump told Apple Inc Chief Executive Tim Cook that the U.S. government would not levy tariffs on iPhones assembled in China, the New York Times reported on Monday, citing a source familiar with the negotiations.

Stocks extend slide, yen up as Sino-U.S. trade dispute escalates

Mon, 06/18/2018 - 8:36pm
TOKYO (Reuters) - Asian stocks extended a global downturn on Tuesday, while the safe-haven yen rose as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world's two biggest economies that has rattled financial markets.

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