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Harley says EU duties could prompt price hikes

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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…

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

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(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…

UPDATE 2-Trump threatens 20 pct U.S. tariff on EU car imports

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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…

OPEC agrees modest hike in oil supply after Saudi and Iran compromise

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VIENNA (Reuters) - OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to curb rising fuel costs.

Top Stories in last day


Two years since the UK voted out of the EU, little remains clear


Two years after its EU referendum, the UK lurches unsteadily towards the Brexit door, with the business community increasingly anxious at the uncertainty surrounding any deal with trading partners. But would Britons vote differently if…

U.S. unveils new veto threat against WTO rulings

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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.

UPDATE 3-Schlumberger oil services wins in U.S. Supreme Court on patent damages

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WASHINGTON (Reuters) - The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield…


Cheers - but only if it's alcohol-free


When you think of having a beer you usually associate it with having alcohol. But there's a new movement taking off in Britain - alcohol-free beer, wine, and spirits. As Shaun Hassett reports, the industry is experiencing double-digit…

Stocks set for worst week in 3 months on trade war worries

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Trade worries are the culprit again for pushing Asian shares to six-month lows on Friday. As David Pollard reports, European shares got mild relief from new PMI numbers - but stocks were still heading for their worst week in three months.


Wall Street Weekahead: Supercharged telecom sector could become investor favorite

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SAN FRANCISCO (Reuters) - An overhauled telecommunications sector featuring most of the so-called FANG stocks could debut as Wall Street's hottest bet when it kicks off in September, boosted by a rising wave of media and television…


Airbus may consider abandoning UK over Brexit


Airbus issued its strongest warning yet over the impact of Britain's departure from the European Union, saying a withdrawal without a deal would force it to reconsider its long-term position and put thousands of British jobs at risk.…

UPDATE 3-Chinese media says US has 'delusions' as impact of trade war spreads

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BEIJING/SHANGHAI (Reuters) - U.S. protectionism is self-defeating and a "symptom of paranoid delusions" that must not distract China from its path to modernization, Chinese media said on Friday as Beijing kept up with its war of words with…


Asian shares hit six-month lows as tariffs take economic toll

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TOKYO (Reuters) - Asian shares stumbled to their lowest in six months on Friday, hurt by signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, while oil prices were choppy before an…


Intel CEO resigns after probe of relationship with employee

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(Reuters) - Intel Corp Chief Executive Brian Krzanich resigned on Thursday after an investigation found he had a consensual relationship with an employee in breach of company policy.


Exclusive - Tesla to close a dozen solar facilities in nine states: documents

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LOS ANGELES/SAN FRANCISCO (Reuters) - Electric car maker Tesla Inc's move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal,…

Exclusive: Tesla layoffs cloud its solar business


Job cuts recently announced at Tesla are hitting its solar business hard, according to an exclusive Reuters report based on internal documents and current and former Tesla solar employees.

Asian shares flirt with 6-month lows as signs of tariff effects appear

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TOKYO (Reuters) - Asian shares were under pressure on Friday on signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, with oil prices choppy ahead of major producers meeting to discuss…

U.S. top court lets states force online retailers to collect sales tax

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The U.S. Supreme Court ruled that states have broad authority to force online retailers to collect billions of dollars worth of sales taxes, siding against e-commerce companies. Fred Katayama reports.


German carmakers join American farmers on front line of U.S.-China trade war

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WASHINGTON/FRANKFURT/BEIJING (Reuters) - An increasingly shrill exchange of words between the United States and China that is threatening to trigger a global trade war has claimed another victim - Germany's auto sector.

Wall Street slumps; online retail pressured


U.S. stocks fell on Thursday, and the Dow marked its eighth straight decline. As Fred Katayama reports, a Supreme Court ruling weighed on the indexes.

Thursday, Jun 21

Supreme Court favors state online sales tax


States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday that undercut an advantage many e-commerce companies have enjoyed over brick-and-mortar…

China warns trade spat will hurt U.S. jobs

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China's commerce ministry accuses the United States of being "capricious" over bilateral trade issues, and warns that the interests of U.S. workers and farmers ultimately will be hurt by Washington's penchant for brandishing "big sticks".…

U.S. labor market tightening; mid-Atlantic manufacturing cools

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WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening of labor market conditions.

Global Markets: Dollar stalls at eleven-month high, oil slides ahead of OPEC

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LONDON (Reuters) - Simmering trade and political tensions and a pumped-up dollar weighed on world shares on Thursday, while oil prices were under pressure before an OPEC meeting expected to increase the world's supply of crude.

Wednesday, Jun 20

Walt Disney raises bid for Fox assets

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Walt Disney raised its bid for Twenty-First Century Fox assets to $71.3 billion as it looks to scuttle Comcast's $65 billion offer last week. Fred Katayama reports.

Tesla accuses former employee of hacking and transferring data

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SAN FRANCISCO (Reuters) - Tesla Inc has sued a former employee claiming that he hacked the electric carmaker's trade secrets and transferred large amounts of company data to third parties, according to a lawsuit filed in federal court in…

RPT-DEALTALK-Fox to craft script for M&A summer blockbuster

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(Reuters) - Twenty-First Century Fox Inc's board is set to decide on Wednesday whether to entertain Comcast Corp's $65 billion cash bid for the New York-based media company or stick with its roughly $52 billion all-stock offer from Walt…

Global Markets: Asian stocks bounce as China turns up on hopes of policy support

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SHANGHAI (Reuters) - Asian stock markets bounced on Wednesday following a wobbly morning session that highlighted the lingering anxiety and uncertainty surrounding a heated trade dispute between China and the United States.

Tuesday, Jun 19

US STOCKS-Trade fears rattle Wall Street, Dow gives up 2018 gains

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NEW YORK (Reuters) - U.S. stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year.

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

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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…

WRAPUP 3-China slams U.S. 'blackmailing' after Trump makes new trade threat

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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…

Head of Volkswagen's Audi arrested in Germany over diesel scandal

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FRANKFURT (Reuters) - Volkswagen's supervisory suspended crisis talks to find a stand-in boss for its Audi brand which were convened after German authorities arrested current Audi Chief Executive Rupert Stadler as part of a probe into…

Monday, Jun 18

Pompeo says China trade policies 'predatory'

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WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo on Monday slammed China's trade practices as "predatory economics 101" and said statements by Beijing in recent weeks that it was moving to open its economy were "a joke."

Global stocks fall on U.S.-China trade spat, oil rises

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NEW YORK (Reuters) - Global stocks were lower on Monday as investors eyed an escalating trade dispute between the United States and China while oil prices rose on bets that an OPEC production increase would be smaller than expected.

Audi CEO arrested in Germany over diesel scandal

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The head of Volkswagen's luxury arm Audi was arrested on Monday, the most senior company official so far to be taken into custody over the German carmaker's emissions test cheating scandal. Sonia Legg reports

FOCUS-How U.S. tax reform rewards companies that shift profit to tax havens

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(Reuters) - The corporate tax cut passed by U.S. President Donald Trump and fellow Republicans that was in part designed to help dissuade U.S. companies from moving profits overseas may instead make the practice a lot more rewarding.

Sunday, Jun 17

Select few emerging Asian economies comfortable with Fed hikes

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HONG KONG (Reuters) - Higher U.S. rates are rattling many emerging markets in much the same way past tightening cycles did, but the Federal Reserve's hawkishness could also bring cheer for a small group of Asian economies that wouldn't…

Texas researchers seek to redefine whiskey

A master distiller and a crop scientist who specializes in corn breeding are working on a project they hope one day will make whiskey drinkers think of Texas in the same way as lovers of American wine think of California.

Week ahead: testing times for trade, OPEC


Trade and tariffs roil markets as they face the fallout from Friday's US declaration of duties on $50 billion of Chinese goods. And, as David Pollard reports, uncertainty over OPEC's intentions will play through commodities as the cartel…