Wall Steet opens marginally lower on oil slump
(Reuters) – U.S. stocks opened slightly lower on Friday following a steep drop in oil prices and disappointing corporate results that soured sentiment at the end of a week dominated by concerns over North Korea and trade tensions with China.
Fiat Chrysler recalls 4.8 million U.S. vehicles for cruise control defect
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV is recalling 4.8 million U.S. vehicles over a defect that could prevent drivers from deactivating cruise control, the company said on Friday, warning owners not to use the function until they get soft…
Tesla settles class action lawsuit over ‘dangerous’ Autopilot system
NEW YORK (Reuters) – Tesla on Thursday reached an agreement to settle a class action lawsuit with buyers of its Model S and Model X cars who alleged that the company’s assisted-driving Autopilot system was “essentially unusable and demonstrably dangero…
Mexico minister: 40 percent chance of NAFTA deal before July election
MEXICO CITY (Reuters) – There is about a 40 percent chance of concluding the renegotiation of the North American Free Trade Agreement (NAFTA) before Mexico’s presidential election on July 1, Mexican Economy Minister Ildefonso Guajardo said on Friday.
Stock futures steady as North Korea keeps talks on table, oil weighs
(Reuters) – U.S. stock market futures steadied on Friday, helped by a measured response by North Korea to President Donald Trump’s cancelling of a planned summit, while a slump in oil prices pressured energy stocks.
Exclusive: China Inc tightens reins on debt, raises specter of slowdown
SHANGHAI/BENGALURU (Reuters) – Debt growth for Chinese companies has slowed to the lowest rate in more than a decade, according to Reuters analysis, which could provide relief for policymakers worried about the fallout from years of loose lending pract…
Saudi minister Falih says Aramco IPO likely in 2019
ST PETERSBURG (Reuters) – Saudi Arabia is most likely to hold the initial public offering (IPO) of oil giant Aramco in 2019, Energy Minister Khalid al-Falih said on Friday, confirming a delay from the initial plan to list the company this year.
New privacy law forces some U.S. media offline in Europe
LONDON (Reuters) – Major U.S.-media outlets including the LA Times and Chicago Tribune were forced to shutter their websites in parts of Europe on Friday following the roll out of stringent new privacy regulations by the European Union.
Daimler threatened with recall of over 600,000 diesel models: Spiegel
BERLIN (Reuters) – Daimler faces a recall order for more than 600,000 diesel-engine vehicles including C-Class and G-Class models because of suspected emissions manipulation, German magazine Der Spiegel reported on Friday.
Shares and dollar recover, Italy markets set for big weekly loss
LONDON (Reuters) – World shares steadied and the dollar resumed its rise on Friday after a wobble caused by U.S. President Donald Trump’s decision to cancel a summit with North Korea, though political risk put Italian markets on track for heavy weekly …
