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Hopes for U.S.-China trade talks boost stocks, oil

Stocks around the world extended recent gains and oil prices jumped on Wednesday on optimism that the United States and China may be inching towards a trade deal, soothing fears of an all-out trade war and its possible impact on global growth.


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Posted 2019/01/09 16:22:39

U.S. official Rosenstein, overseeing Russia probe, set to leave

Deputy U.S. Attorney General Rod Rosenstein, who has overseen the Russian election meddling probe, is preparing to leave the U.S. Department of Justice in coming weeks as President Donald Trump's nominee to lead the department is set to take over, a department official said on Wednesday.


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Posted 2019/01/09 15:43:50

More Fed officials say caution is needed before more rate hikes

Another clutch of U.S. Federal Reserve officials said on Wednesday they would be cautious about any further increases in interest rates so that the central bank could assess growing risks to an otherwise solid U.S. economic outlook.


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Posted 2019/01/09 15:41:49

Trump says has halted U.S. funds for California wildfires, forest management

U.S. President Donald Trump on Wednesday said he has ordered a halt to federal emergency funds for California to fight wildfires and manage its forests unless officials in the western U.S. state can "get their act together."


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Posted 2019/01/09 15:33:52

DNA test clears Golden State Killer suspect of 1975 murder: prosecutor

DNA evidence has cleared a former policeman accused of being the "Golden State Killer," who terrified a swath of California with dozens of rapes and murders in the 1970s and 1980s, in one murder case from 1975 in which he was a suspect, prosecutors said.


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Posted 2019/01/09 15:12:51

House Democrats to test Republicans on Trump’s wall demand

As a partial U.S. government shutdown entered its 19th day, Democrats on Wednesday were set to test Republicans' resolve in backing President Donald Trump's drive to build a wall on the border with Mexico, which has sparked an impasse over agency funding.


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Posted 2019/01/09 14:59:32

Exclusive: Top suspect in Vitol, Glencore Brazil bribery case arrested in U.S. - court

A Brazilian man facing allegations of bribing officials at state-run oil company Petroleo Brasileiro SA on behalf of Vitol Group [VITOLV.UL], Glencore and other major oil trading firms has been arrested in the United States, authorities said Tuesday.


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Posted 2019/01/09 14:36:04

Trump still weighing emergency declaration for border wall: spokeswoman

U.S. President Donald Trump is still considering a possible declaration of a national emergency in order to circumvent Congress and build a wall along the southern border with Mexico, the White House said on Wednesday.


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Posted 2019/01/09 13:45:17

Former Insys CEO to plead guilty in opioid kickback case

The former chief executive of Insys Therapeutics Inc is expected on Wednesday to plead guilty to participating in a scheme to pay doctors bribes in exchange for prescribing an addictive opioid medication.


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Posted 2019/01/09 12:31:18

Exclusive: Fiat Chrysler nearing U.S. diesel emissions settlement - source

Fiat Chrysler Automobiles NV is nearing a settlement to resolve the U.S. Justice Department's allegations that the Italian-American automaker used illegal software to allow 104,000 U.S. diesel vehicles to pollute beyond legal limits, a person briefed on the matter said on Tuesday.


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Posted 2019/01/09 12:23:58

U.S.-China trade hopes lift world stocks, oil soars

World stocks extended their gains to hit a near-four week high and oil prices rose on Wednesday on optimism that the United States and China may be inching toward a trade deal, soothing fears of an all-out trade war.


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Posted 2019/01/09 12:16:18

Apple cuts current-quarter production plan for new iPhones by 10 percent: Nikkei

Apple Inc , which slashed its quarterly sales forecast last week, has reduced planned production for its three new iPhone models by about 10 percent for the January-March quarter, the Nikkei Asian Review reported on Wednesday.


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Posted 2019/01/09 12:02:06

As Brexit debate begins, PM fails to win over Northern Irish kingmakers

British Prime Minister Theresa May failed to win over the Northern Irish party which props up her government to her Brexit deal on Wednesday, just hours before lawmakers were due to resume a debate on the divorce accord.


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Posted 2019/01/09 11:12:22

World stocks near four-week high on U.S.-China trade optimism, oil climbs

World stocks extend their gains to hit a near-four week high and oil prices rose on Wednesday on optimism that the United States and China may be inching toward a trade deal, soothing fears an all-out trade war could hit a slowing global economy.


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Posted 2019/01/09 10:09:32

Forget fantasy Brexit, UK tells lawmakers as crucial deal debate begins

British Prime Minister Theresa May's government cautioned lawmakers on Wednesday that it was a delusion to think that the government would be able to negotiate a new divorce deal with the European Union if parliament voted down her deal next week.


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Posted 2019/01/09 09:57:10

British parliament cannot stop Brexit: junior minister

Britain's parliament cannot stop Brexit, a junior minister in the department managing the exit from the European Union said on Wednesday.


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Posted 2019/01/09 09:56:48

Northern Irish DUP: PM May must ditch the backstop to get our support

The Northern Irish party which props up Prime Minister Theresa May's government bluntly warned it would vote against her Brexit deal unless the backstop arrangement was removed from it.


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Posted 2019/01/09 09:44:32

Australian police investigate suspicious packages sent to diplomatic missions

Police in Australia are investigating suspicious packages sent to a wide range of embassies and consulates on Wednesday, which officials said included the U.S. and British missions in Melbourne, but there were no reports of harm to staff.


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Posted 2019/01/09 09:34:01

U.S.-China trade talks conclude as hopes of a deal build

Chinese and U.S. teams ended trade talks in Beijing on Wednesday that lasted longer than expected and officials said details will be released soon, raising hopes an all-out trade war that could badly disrupt the global economy can be avoided.


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Posted 2019/01/09 09:22:25

U.N. asks Australia to consider resettling Saudi teen who fled family

The United Nations has asked Australia to consider refugee resettlement for an 18-year-old Saudi woman who fled to Thailand saying she feared her family would kill her, the Australian government said on Wednesday.


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Posted 2019/01/09 09:10:50