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Xinhua world news summary at 0030 GMT, June 2

Xinhua, June 2, 2016 Adjust font size:

The U.S. Commerce Department on Wednesday set preliminary dumping margins on imports of certain iron mechanical transfer drive components from China and Canada, signaling that it may impose punitive duties on those products.

Punitive duties would be imposed after both the Commerce Department and the U.S. International Trade Commission made affirmative final rulings, which are scheduled for October and December, respectively. (US-China-Dumping)

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DUBLIN -- The Organization for Economic Cooperation and Development said on Wednesday that Ireland, Luxembourg and the Netherlands would be most hit by a potential exit of Britain from the European Union (EU).

In its latest Economic Outlook, the Paris-based think tank said EU members Ireland, Luxembourg and the Netherlands are "relatively highly exposed" to the British economy. (Ireland-OECD-Brexit)

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UNITED NATIONS -- The UN Security Council on Wednesday "strongly condemned" the most recent failed ballistic missile launches of the Democratic People's Republic of Korea (DPRK).

"These repeated attempted launches are in grave violation of the DPRK's international obligations under United Nations Security Council resolutions," it said. (UN-DPRK-Missile)

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BRASILIA -- Brazil's interim government said on Wednesday that the 0.3 percent fall in GDP in the first quarter of 2016 was mainly due to "domestic issues."

In a press release, the Ministry of Finance said that the government's economic recovery measures should kick in over the next few months, helping to break this slowdown. (Brazil-Economy) Endi