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FRANKFURT, June 21- Germany's Daimler cut its 2018 profit forecast and BMW said it was looking at "strategic options" because of a trade war between China and the United States, sparking fears of a wave of earnings downgrades in the auto industry. Daimler said late on Wednesday that import tariffs on cars exported from the United States to China would hurt sales of...

FRANKFURT, June 21- Germany's Daimler cut its 2018 profit forecast and BMW said it was looking at "strategic options" because of a trade war between China and the United States, sparking fears of a wave of earnings downgrades in the auto industry. Daimler said late on Wednesday that import tariffs on cars exported from the United States to China would hurt sales of...

*Daimler exports U.S.-made Mercedes to China. FRANKFURT, June 21- German luxury carmaker Daimler cut its 2018 profit forecast, blaming a trade war between China and the United States and stricter pollution targets, sparking fears of a wave of earnings downgrades across the industry. The company said late on Wednesday that import tariffs on cars exported from...

*Daimler exports U.S.-made Mercedes to China. FRANKFURT, June 21- German luxury carmaker Daimler cut its 2018 profit forecast, blaming a trade war between China and the United States and stricter pollution targets, sparking fears of a wave of earnings downgrades across the industry. The company said late on Wednesday that import tariffs on cars exported from...

*Daimler exports U.S.-made Mercedes to China. FRANKFURT, June 20- Daimler on Wednesday said profit would fall in 2018 as new import tariffs on cars exported from the United States to China would hurt sales of high-margin Mercedes-Benz sports utility vehicles. China has warned it would retaliate with levies on U.S. products, potentially including the...

SEOUL, South Korea— Xiaomi, a Chinese startup that helped pioneer the trend toward ultra-low-priced smartphones, is preparing for what would be the biggest initial public offering since e-commerce giant Alibaba's in 2014.. Can a Chinese company be cool outside Asia? Xiaomi— pronounced "SHEE-YOW'-mee"— was founded in 2010 by CEO Jun Lei and seven colleagues who...

BUDAPEST- The National Bank of Hungary will present its quarterly inflation report, with updated forecasts on key macroeconomic indicators- 0800 GMT. SYDNEY- Speech by Tony Richards, RBA head of payments policy, at the Australian Business Economists event on cryptocurrencies. BUENOS AIRES- Central Bank of Argentina releases monetary policy statement.

NEW YORK, June 20- Stocks on world markets edged higher on Wednesday, recovering from a recent sell-off on rapidly escalating China-U.S. trade tensions, while Treasury yields rose after the Federal Reserve chairman said the U.S. central bank should continue with a gradual pace of interest rate increases. Fed Chairman Jerome Powell said the pace should stay the...

NEW YORK, June 20- Stocks on world markets edged higher on Wednesday, recovering from a recent selloff on rapidly escalating China-U.S. trade tensions, while Treasury yields rose after the Federal Reserve chairman said the U.S. central bank should continue with a gradual pace of interest rate increases. Fed Chairman Jerome Powell said the pace should stay the...

*MSCI World index snaps 5- day losing streak as Asia bounces. *European shares higher, futures signal Wall Street will rise. LONDON, June 20- World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent sharp falls as expectations grew that policy stimulus by Beijing could temper some of the impact from an escalating Sino-U.S....

SEOUL, South Korea— Hyundai Motor Group says it has signed an agreement with Audi AG to jointly develop electronics vehicles powered by fuel cell. Under the multi-year agreement signed Wednesday, Hyundai's affiliates including Kia and Audi's parent company Volkswagen AG will share components, supply chains and patent licensing. Hyundai, the world's...

*MSCI World index snaps 5- day losing streak as Asia bounces. *European shares open higher, Wall Street likely to rise. LONDON, June 20- World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent sharp falls as expectations grew that policy stimulus by Beijing could temper some of the impact from an escalating Sino-U.S. trade...

SEOUL, South Korea— A leading South Korean cryptocurrency exchange said Wednesday that $31 million worth of virtual currencies have been stolen by hackers, a latest in the series of recent hacks that raised security concerns. Bithumb, South Korea's second-largest exchange, said cyberattacks from late Tuesday night to Wednesday morning led to the loss of 35...

MUMBAI, India- The Reserve Bank of India will release the Monetary Policy Committee minutes for June policy- 1130 GMT. BANGKOK- Bank of Thailand monetary policy committee meeting. **BUDAPEST- The National Bank of Hungary will present its quarterly inflation report, with updated forecasts on key macroeconomic indicators- 0800 GMT.

BEIJING, June 19- China and the United States sank into a deepening trade conflict that roiled financial markets Tuesday after U.S. The sheer size of Trump's latest threat makes it impossible for an in-kind response from China since the value of the goods involved exceeds by $70 billion the total value of U.S. imports to China last year, U.S. data shows.

NEW YORK— Big industrial and technology companies skidded Tuesday as the trade dispute between the U.S. and China threatened to come to a boil. Hong Kong's Hang Seng index sank 2.8 percent, its biggest decline since February, and Germany's DAX lost 1.2 percent. President Donald Trump told the U.S.