Stocks fell to their lows of the day on Friday on news that Chinese trade officials are cutting short their visit to the U.S.US Marketsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
The wearables company has reportedly retained advisers to consider exploring a sale of the business.Technologyread more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
Walmart is the latest to pull back from the industry. Federal regulators said they will soon ban flavored e-cigarettes while some nations have outlawed the products...Health and Scienceread more
Legal experts say that California, which has pledged to sue, has a strong case that the administration's move is unlawful.Politicsread more
Solomon launched Payback Records last year as his music career was picking up.Financeread more
A group of 23 states on Friday sued to undo the Trump administration's determination that federal law bars California from setting stiff tailpipe emission standards and...Transportationread more
U.S. officials, including Secretary of State Mike Pompeo, have accused Iran of orchestrating devastating strikes on Saudi oil installations over the weekend.Politicsread more
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June 3 (Reuters) - European shares took another leg down on Monday as China sent another shot across Washington's bows on trade, stirring fears of recession, while German chipmaker Infineon's deal to buy a U.S. peer weighed on the technology sector.
The pan-European STOXX 600 was down 0.6% by 0720 GMT, extending losses from Friday that marked its worst monthly performance this year. Germany's DAX, which is particularly exposed to trade risks, was down 0.7% to a two-month low.
Stock markets globally took a hammering in May, with the STOXX sinking more than 6% as a series of new developments in President Donald Trump's trade war with China and others convinced some investors a slide into recession was possible over the next year.
Data on Monday showed factory activity across most Asian countries contracted last month, indicating tariff wars were taking a toll. Results of the latest surveys on European and U.S. manufacturing are due later in the day.
In M&A news, Germany's Infineon agreed to buy U.S. peer Cypress Semiconductors in a deal valuing the company at 9 billion euros, including debt. Infineon's shares fell 5%, putting it at the bottom of the STOXX 600.
The tech sector, also heavily exposed to the trade issue, was down 1.1%, with other chipmakers STMicroelectronics and ASM International falling more than 1% each. (Reporting by Sruthi Shankar and Amy Caren Daniel in Bengaluru)