Reuters: Business News 6 April 2018

U.S. job gains smallest in six months, wage growth picks up

WASHINGTON, (Reuters) - The U.S. economy created the fewest jobs in six months in March as the boost from mild temperatures faded, but a pickup in wage gains pointed to a tightening labor market, which should allow the Federal Reserve to raise interest rates further this year.

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Wall Street opens lower as trade war fears escalate

(Reuters) - U.S. stock indexes opened lower on Friday as renewed fears of a trade conflict between the United States and China outweighed a lower-than-expected March jobs data that eased concerns over aggressive interest rate hikes.

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Trump threatens tariffs on $100 billion more China goods; Beijing ready to strike back

BEIJING/WASHINGTON (Reuters) - China warned on Friday it was fully prepared to respond with a "fierce counter strike" of fresh trade measures if the United States follows through on President Donald Trump's threat to slap tariffs on an additional $100 billion in Chinese goods.

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EU says Facebook confirmed data of 2.7 million Europeans 'improperly shared'

BRUSSELS (Reuters) - Facebook has confirmed that the data of 2.7 million EU citizens were among those improperly used by political consultancy Cambridge Analytica, the EU executive said on Friday.

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Grab's Uber deal still has some obstacles to navigate

SINGAPORE (Reuters) - Regulatory scrutiny could complicate ride-hailing company Grab's takeover of Uber Technologies' Southeast Asian business, but there is little the authorities can do to stop Uber from simply exiting the region, lawyers and analysts said.

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Netflix offering more than $300 million for billboard company: sources

(Reuters) - Netflix Inc is attempting its largest acquisition, offering more than $300 million to acquire a company that owns billboards across Los Angeles, including West Hollywood's famed Sunset Strip, according to people familiar with the matter.

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Birkin bag maker Hermes expands manufacturing with new French workshop

PARIS (Reuters) - French luxury handbag maker Hermes said on Friday it had opened a new manufacturing plant in eastern France, as rivals like LVMH's Louis Vuitton also expand leather goods production to keep up with thriving Chinese demand.

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South Korea urges GM, union to reach wage deal swiftly as tension rises

SEOUL (Reuters) - South Korea on Friday urged General Motors Co's local subsidiary and labor union to reach a wage deal swiftly, saying the government will be able to discuss support for the money-losing unit on condition of an agreement.

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Samsung Electronics tips record first quarter profit as chip boom winds down

SEOUL (Reuters) - Samsung Electronics Co Ltd tipped a surprise record first-quarter profit on Friday but market reaction was muted due to growing concerns that the semiconductor boom that has driven the South Korean tech giant's earnings is about to end.

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