Fitch Ratings downgraded Mexico’s sovereign debt rating. (WSJ)
India’s central bank cut a key lending rate as economic expansion slows. (WSJ)
U.S. oil prices have fallen more than 20% from an April peak amid fears of a supply glut. (WSJ)
The Federal Reserve said economic activity across the U.S. picked up slightly this spring. (WSJ)
The U.S. private sector added the fewest number of jobs in May since the economic expansion started. (WSJ)
Service-sector activity across the U.S. grew at a faster rate in May. (WSJ)
Fiat Chrysler Automobiles NV withdrew its proposal to merge with Renault SA after the French government balked at the deal. (WSJ)
Canada warned meat exporters that China has signaled it would intensify inspections following cases of improper labeling on some pork imports. (WSJ)
Campbell Soup Co. plans to bolster investment in its namesake soup business in the U.S. amid faltering sales. (WSJ)
Boeing Co. has been negotiating with Chinese airlines over an order for around 100 wide-body jets. (Bloomberg)
Gap Inc. has been moving sourcing out of China to avoid U.S.-China trade tensions. (Sourcing Journal)
Amazon.com Inc. displayed a new drone design it says could start delivering consumer goods within months. (TechCrunch)
Russian automakers increased exports 43.3% in the first quarter. (Automotive Logistics)
U.S. orders for Class 8 heavy-duty trucks fell in May to the lowest level since July 2016. (Commercial Carrier Journal)
Oslo-based MPC Container Ships launched a buyback of 8.3 million of its own shares. (Lloyd’s List)
Hyundai Heavy Industries is building a tanker that will run on liquefied natural gas and helped by rotor sails. (Splash 247)
CBRE Inc. says e-commerce growth is leading to strong demand for cold-storage warehouses. (CNBC)
Penske Logistics opened a 606,000-square-foot distribution center outside Detroit for grocer Kroger Co. (Crain’s Detroit)
A strike by French workers reduced Nutella production at the company's largest factory. (USA Today)
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