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Updated: 1 week 4 days ago

Global stocks drift lower on trade worries, Italian bonds sell off on government tensions

Fri, 08/03/2018 - 06:43
World stocks drifted lower on Friday as the latest exchange of trade threats between the United States and China dampened risk appetite, while Italian bonds and shares in the country's banks sold off on signs of renewed government tensions in Rome.

Ex-Trump aide Manafort's taxes to be focus of Friday's trial testimony

Fri, 08/03/2018 - 06:40
An accountant who prepared tax returns for U.S. President Donald Trump's onetime election campaign chairman Paul Manafort resumes trial testimony on Friday, after saying on Thursday that Manafort never told him he had foreign bank accounts.

Suicide bomb attack on Afghan Shi'ite mosque kills 25

Fri, 08/03/2018 - 06:37
A suicide bomber attacked a Shi’ite mosque in eastern Afghanistan during Friday prayers, killing 25 people and wounding 40, police said.

China says it wants to resolve differences with U.S. 'on equal footing'

Fri, 08/03/2018 - 06:24
China is willing to resolve differences with the United States on an equal footing, the Chinese government's top diplomat said on Friday after meeting U.S. Secretary of State Mike Pompeo, but added they did not address their trade war too specifically.

China says willing to resolve differences with U.S.

Fri, 08/03/2018 - 06:24
The Chinese government's top diplomat, State Councillor Wang Yi, said on Friday that cooperation between China and the United States is the only right choice and China is willing to resolve differences on a principle of equal footing.

Iran naval drills underway amid tensions with U.S.

Fri, 08/03/2018 - 06:08
The United States believes Iran has started carrying out naval exercises in the Gulf, apparently moving up the timing of annual drills amid heightened tensions with Washington, U.S. officials told Reuters on Thursday.

Congo Ebola outbreak poses high regional risk, says WHO

Fri, 08/03/2018 - 06:07
An Ebola outbreak in eastern Democratic Republic of Congo is likely spread over tens of kilometres and poses a high regional risk given its proximity to borders, a World Health Organization (WHO) official said on Thursday.

Investors move to cash, anticipating Democratic gains in U.S. November elections

Fri, 08/03/2018 - 06:06
The likelihood of a Democratic party takeover of at least one house of the U.S. Congress in the midterm elections in November is prompting some portfolio managers to move more money to cash and rotate away from sectors like financials and technology that could see greater regulatory scrutiny.

Bezos throws cash, engineers at rocket program as space race accelerates

Fri, 08/03/2018 - 05:49
Amazon.com founder Jeff Bezos is racing to pull his private space company out of start-up mode and move into production amid signals that his firm's heavy rocket set for lift-off in 2020 may slip behind schedule, according to people familiar with the project.

U.S., Turkey agree to try to resolve disputes after relations dive

Fri, 08/03/2018 - 05:22
U.S. Secretary of State Mike Pompeo and Turkish Foreign Minister Mevlut Cavusoglu agreed on Friday to try to resolve a series of disputes, after relations between the NATO allies sank to their lowest point in decades.

Less than a third of UK business leaders planning for Brexit: survey

Fri, 08/03/2018 - 05:19
Less than a third of 800 UK business leaders surveyed have carried out contingency planning on Brexit, the Institute of Directors (IoD) said on Friday.

For investors in Russia, U.S. sanctions will not pack the same punch as before

Fri, 08/03/2018 - 05:00
A threat to impose sanctions on Russian sovereign debt transactions is one of the biggest financial weapons that the U.S. can deploy against the Kremlin, but Moscow's slide down the investment league table in recent years means the move will not pack the punch it once would have.

Pompeo says North Korea weapons work counter to denuclearization pledge

Fri, 08/03/2018 - 04:57
Less than two months after a landmark U.S.-North Korea summit in Singapore, U.S. Secretary of State Mike Pompeo flew back to the city state on Friday and said North Korea's continued work on weapons programs was inconsistent with its leader's commitment to denuclearize.

Exclusive: Deutsche Bank reports show chinks in money laundering armor

Fri, 08/03/2018 - 04:28
Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth, internal documents seen by Reuters show, more than a year after it was fined nearly $700 million for allowing money laundering.

China says it hopes U.S.-North Korea talks can move toward results, peace

Fri, 08/03/2018 - 03:22
China's top diplomat, State Councilor Wang Yi, said on Friday that he hopes North Korea-U.S. talks continue to move forward toward results and peace.

Turkey and U.S. agreed to work closely to resolve issues, Turkish minister says

Fri, 08/03/2018 - 02:23
The United States and Turkey have agreed to work closely to resolve issues between them, Turkish Foreign Minister Mevlut Cavusoglu said on Friday, following what he said was a "constructive" meeting with Secretary of State Mike Pompeo.

ICE denies hunger strike by immigrants at Texas detention center

Fri, 08/03/2018 - 01:32
A group of immigrant fathers, recently reunified with their sons and detained in Texas, have gone on a hunger strike to demand their release, an immigrant rights group representing them said on Thursday.

U.S. senators introduce Russia sanctions 'bill from hell'

Fri, 08/03/2018 - 00:09
Republican and Democratic U.S. senators introduced legislation on Thursday to impose stiff new sanctions on Russia and combat cyber crime, the latest effort by lawmakers to punish Moscow over interference in U.S. elections and its activities in Syria and Ukraine.

Strong U.S. job growth expected in July, tariffs yet to bite

Fri, 08/03/2018 - 00:05
U.S. companies likely maintained a strong pace of hiring in July, suggesting that the robust economy was helping the labor market to weather trade tensions, which could allow the Federal Reserve to raise interest rates again in September.

U.S. wants help finding parents deported without their children

Fri, 08/03/2018 - 00:03
The U.S. government told a federal court judge on Thursday that volunteers and non-profit groups, rather than government officials, should take the lead in locating more than 400 immigrant parents who were separated from their children at the U.S.-Mexico border and deported from the United States.