Reuters: Business News 4 April 2018

Boeing, Apple lead slide as China-U.S. trade spat intensifies

(Reuters) - Boeing and Apple led a slide in big U.S. manufacturers and technology companies on Wednesday, bearing the brunt of a deepening trade conflict between China and the United States.

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China retaliates, slaps duties on U.S. soybeans, planes; markets skid

BEIJING/WASHINGTON (Reuters) - China hit back quickly on Wednesday against the Trump administration's plans to impose tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, beef and chemicals.

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Hit to Boeing from Chinese tariffs depends on definitions

SINGAPORE/SHANGHAI (Reuters) - China on Wednesday announced plans to place a 25 percent tariff on certain U.S. aircraft, in a move expected to affect some older Boeing Co narrowbody models, according to documents from China's Ministry of Commerce and the U.S. manufacturer.

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Viacom preparing counterproposal to CBS offer: sources

(Reuters) - Viacom Inc is preparing a counterproposal to CBS Corp's first share exchange offer of 0.55 CBS shares for every Viacom share, which Viacom found to be inadequate, people familiar with the matter said on Wednesday.

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GM to stop production of Chevrolet Sonic Subcompact car: Wall Street Journal

(Reuters) - General Motors Co will stop production of its subcompact Chevrolet Sonic by as early as this year, the Wall Street Journal reported citing people familiar with the matter.

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WPP investigates CEO Sorrell for alleged misconduct, which he denies

LONDON (Reuters) - WPP is investigating an allegation of misconduct against Martin Sorrell, who has built the world's biggest advertising empire over more than three decades of relentless expansion.

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Elliott boosts hopes for change at South Korean auto giant Hyundai

SEOUL/NEW YORK (Reuters) - A unit of U.S. activist hedge fund Elliott Management revealed on Wednesday that it holds more than $1 billion worth of shares in key affiliates of South Korea's Hyundai Motor Group and called for more rapid reform of the auto giant's governance.

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Japan braces for Trump assault on trade, yen policy as summit looms

TOKYO (Reuters) - Japanese government officials are bracing for Donald Trump to get tough in trade talks, and are particularly anxious that the U.S. president could target Prime Minister Shinzo Abe's weak-yen policies.

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