Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
(For a live blog on European stocks, type LIVE/ in an Eikon news window)
May 13 (Reuters) - European shares extended losses early on Monday from the biggest weekly slump this year as the U.S.-China standoff quelled hopes that the two largest economies will be able to resolve their trade dispute anytime soon.
The STOXX 600 index fell 0.1 percent by 0720 GMT with Germany's trade-sensitive DAX under pressure more than its peers.
Asian shares fell and U.S. stock futures also pointed to a sharply lower open as United States and China appeared at a deadlock over trade negotiations with Washington demanding promises of concrete changes to Chinese law and Beijing said it would not swallow any "bitter fruit" that harmed its interests.
The tariff-exposed auto sector was the biggest loser among European sub-sectors, especially weighed down by shares of Daimler AG.
Over the weekend Reuters reported that China's BAIC Group may be seeking to buy a stake of up to 5% in the Mercedes-Benz owner.
Daimler AG and BMW are putting their investments in Hungary on hold as the industry struggles with lower demand and the threat of higher auto tariffs by the United States, Handelsblatt reported.
Among the biggest decliners was Thyssenkrupp down 4 percent. The German industrial giant said it would seek partners for its steel operations after abandoning a European merger with India's Tata Steel.
It's shares posted their best one-day surge on Friday, helped by short-covering on the news that the conglomerate plans to list its successful elevators business.
Elsewhere, Metro Bank Plc slumped 8 percent after the company said its plan to raise about 350 million pounds ($455 million) of equity capital to support its growth is well advanced.
Britain's largest energy supplier Centrica Plc climbed on top of the STOXX 600 after it maintained its full-year outlook despite warning about a challenging trading environment due to a national price cap on energy bills.
European stock market operator Euronext rose 2 percent after winning a regulatory nod from Norway's finance ministry to buy up to 100% of Oslo Bors. (Reporting by Medha Singh and Agamoni Ghosh in Bengaluru)