Coming on the heels of the US-China trade war, US President Donald Trump's threats against Mexico have intensified fears for the global economy, hurting oil prices and lowering overall growth forecasts.
But most markets gave back some gains after the World Bank said it was downgrading its forecast for the global economy in light of trade conflicts and other strains.
The technology giant unveiled software improvements for devices and revealed the demise of the iTunes online shop at the annual gathering of developers in Silicon Valley.
Hengtong Optic-Electric said in the filing to the Shanghai Stock Exchange that it signed a letter of intent with Huawei to buy the stake via cash and share issuance.
The US should bear "sole and entire responsibility" for setbacks in its trade negotiations with China, Beijing said. Meanwhile, China's defense minister has vowed to defend Beijing's claims over Taiwan and disputed South China Sea waters.
Beijing's move hits $60 billion worth of US goods with new punitive tariffs ranging from five to 25 percent, and comes in retaliation for Washington raising punitive tariffs on $200 billion in Chinese goods to 25 percent.
US President Trump escalated his surprise tariff threats against Mexico on Friday, triggering alarm about the likely economic fallout, spooking global markets and raising the prospect of US trade wars on multiple fronts.
Mexico's President Andres Manuel Lopez Obrador says his country is "doing our job" to stop the flow of undocumented migrants to US, warns Trump that imposing tariffs would be a lose-lose game.
Global shares were mostly lower on Friday as trade worries continued after US President Donald Trump announced additional tariffs on imports from Mexico.
If US President Donald Trump is not satisfied with Mexico's efforts to crack down on immigration, the tariff will increase to 10 percent on July 1, 15 percent on August 1, 20 percent on September 1 and 25 percent on October 1, the White House says.
The 14-member Organization of the Petroleum Exporting Countries pumped 30.17 million barrels per day (bpd) in May, the survey showed, down 60,000 bpd from April and the lowest OPEC total since 2015, Reuters survey shows.
Chief Executive Dennis Muilenburg, who has repeatedly rejected suggestions of a design flaw in the 737 MAX, acknowledged implementation shortcomings.
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