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By Matt Spetalnick and David Brunnstrom | WASHINGTON WASHINGTON The Trump administration is considering sweeping sanctions aimed at cutting North Korea off from the global financial system as part of a broad review of measures to counter Pyongyang’s nuclear and missile threat, a senior U.S. official said on Monday. The sanctions would be part of a multi-pronged approach of increased economic and diplomatic pressure – especially on […]

By Sarah N. Lynch | WASHINGTON WASHINGTON Shareholder activists are pushing back against a major business trade group’s request that the White House use its influence on the U.S. securities regulator to make it harder to get governance, political or environmental issues onto corporate ballots, according to a letter seen by Reuters on Monday. Company boards and CEOs have increasingly faced requests by investors to include various […]

Airline passengers travelling from eight Middle Eastern nations, including Jordan and Egypt, will be barred from carrying large electronic devices into the main cabin under new regulations from the Trump administration. The rules, which come into effect on Tuesday, also apply to Saudi Arabia and the United Arab Emirates, according to a US official. Passengers from the eight countries will have to check laptop computers and other […]

By Steve Holland | WASHINGTON WASHINGTON Iraqi Prime Minister Haider al-Abadi thanked U.S. President Donald Trump on Monday for removing Iraq from a travel ban affecting several Muslim-majority countries and said he sought stronger cooperation in fighting Islamic State militants. The two leaders sat down face to face at the White House for the first time since Trump took office on Jan. 20. Abadi is trying to […]

NEW YORK Eric Trump, the 33-year-old middle son of U.S. President Donald Trump, said on Monday that his wife Lara was expecting to give birth to their first child in September. “We are adding a boy to #TeamTrump,” Trump wrote on Twitter. “It’s been an amazing year. We are blessed!” Eric Trump and his wife, formerly Lara Yunaska, married in November 2014 at Trump’s Mar-a-Lago resort in […]

The upcoming Samsung Galaxy S8 ripped through the AnTuTu benchmark, achieving a spectacular score no other smartphone has hit so far. Up until now, Apple’s iPhone 7 and iPhone 7 Plus had been the top performers on the AnTuTu benchmark, scoring 172,001 and 181,316, respectively. On the Android front, the OnePlus 3T ruled the game, boasting a 162,423 score. Samsung Galaxy S8 AnTuTu Benchmark It now looks like […]

When Tim Armour graduated from Middlebury College, a liberal arts institution in Vermont, he faced a conundrum. He could either accept a graduate programme slot at a West Coast investment group, or go and run a windsurf shop in Florida. Because he loved to windsurf but did not want to turn down a more sensible job, he asked the asset manager whether he could put off the […]

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While VIX declined last week, the cost of protecting against major market swings has spiked above its previous Brexit-vote-day peak, reaching a fresh all-time high. As a reminder, CBOE explains, SKEW, is calculated from the prices of S&P 500 out-of-the-money options. SKEW typically ranges from 100 to 150. A SKEW value of 100 means that the perceived distribution of S&P 500 log-returns is normal, and the probability […]

By Lawrence Hurley and Andrew Chung | WASHINGTON WASHINGTON Democrats raised questions on Monday about whether Neil Gorsuch, President Donald Trump’s U.S. Supreme Court nominee, would rule against abortion rights and gun control while favouring corporations as his Senate confirmation hearing began, with the court’s ideological balance at stake. Judiciary Committee Republicans praised Gorsuch, the conservative appeals court judge from Colorado nominated by Trump on Jan. 31, […]

It has been clear for months that Mosul will be liberated. And sure enough, Iraqi forces backed by U.S. assistance and firepower are now moving to clear the remaining western neighborhoods of Iraq’s second-biggest city. Islamic State leaders have reportedly fled the city and military operations will soon be complete. Success in Mosul is a testament to the determination of the Iraqi forces that have lead this […]

WASHINGTON FBI Director James Comey on Monday confirmed the agency was investigating possible Russian government efforts to interfere in the 2016 U.S. election including any links between President Donald Trump’s campaign and Moscow. Comey told a congressional hearing on Russian activities that the probe “includes investigating the nature of any links between individuals associated with the Trump campaign and the Russian government and whether there was any […]

U.S. stocks reversed course to trade slightly higher in late morning trading on Monday, helped by a rise in technology stocks including Apple. Apple (AAPL.O) rose nearly 1 percent, hitting a new record-high of $141.34, lifting the tech-heavy Nasdaq Composite index to yet another intraday high. The iPhone-maker’s stock could rise another 10 percent in six months, Barron’s wrote in an article posted Saturday. The U.S. stock […]

FBI director James Comey is on Capitol Hill today, where he is testifying to the House intelligence committee on the bureau’s investigation into Russia’s attempts to interfere in last year’s US presidential election. He is testifying alongside NSA Director Michael Rogers. Mr Comey, who came under fire during the election campaign for his handling of Democratic candidate Hilary Clinton’s email server probe, was questioned about […]

WASHINGTON U.S. Representative Adam Schiff, the top Democrat on the House Intelligence Committee, said on Monday it was not known whether any Americans helped Russia in an alleged hacking campaign aimed at swaying the Nov. 8 election in Donald Trump’s favor. “We do not yet know whether the Russians had the help of U.S. citizens, including people associated with the Trump campaign,” Schiff said at a congressional […]

The US corporate profit outlook has dimmed in recent weeks, with analysts paring back their forecasts, in a fresh sign of the risks facing the Wall Street rally that has powered equities to record peaks.  Earnings for companies listed on the S&P 500 index, the main US stock barometer, are predicted to rise 9 per cent in the first quarter, FactSet data show. While the rate marks […]

By Colin Packham and Aaron Bunch | CANBERRA/PERTH CANBERRA/PERTH U.S. officials began taking fingerprints of asylum seekers in an Australian-run camp on the Pacific island of Nauru on Monday, signalling that vetting of applicants for resettlement in what U.S. President Donald Trump called a “dumb deal” has restarted. Australia agreed with former U.S. President Barack Obama late last year for the United States to resettle up to […]

US taxpayers paid more than $16,000 for security for the visit of US President Donald Trump’s eldest sons Donald Trump Jr and Eric Trump to Dubai. The sons were in the emirate in February for the official opening of the Trump-branded golf course and clubhouse in Dubai, the first Trump property project launched since their father’s inauguration. NBC News reports that the cost of having Secret Service […]

TAIPEI Taiwan’s government, worried about being used as a pawn by China and the United States, said on Monday the self-ruled island must protect its own interests as concerns in Taipei rise ahead of an expected meeting of U.S and Chinese leaders. China has never renounced the use of force to take back what it deems a wayward province and has been pressuring Taiwan President Tsai Ing-wen, […]

Mansour Bin Jabr’s idea of a hard life may not resonate with everyone. “The cars, the jets, they don’t make me happy. I’m a hippie in a way. I love islands, beaches,” says the 30-year-old chief operating officer of Bin Jabr Group, having just returned from a business trip in the Maldives. “I see myself retired in the Bahamas in a resort I own with my toys. […]

By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks were mixed on Monday in thin trade, following Wall Street’s declines and the G20’s decision to drop a pledge to avoid trade protectionism, while the Federal Reserve’s less hawkish-than-expected comments continued to drag the dollar lower. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.1 percent. Chinese shares .SSEC added 0.2 percent, while Hong Kong’s Hang Seng […]

The Republican chairman of the House intelligence committee said the FBI had found no evidence to support Donald Trump’s assertion that Trump Tower was monitored by his predecessor, adding to a chorus of Republican lawmakers who have rejected the president’s unsubstantiated claim. “Was there a physical wiretap of Trump Tower? No,” Devin Nunes told Fox News on Sunday. He added that no warrants had been issued under […]

By Emily Stephenson and Caren Bohan | WASHINGTON WASHINGTON U.S. lawmakers from both parties said on Sunday they had seen no proof to support the claim by Republican President Donald Trump that his predecessor Barack Obama had wiretapped him last year, adding pressure on Trump to explain or back off his repeated assertion. Several Republicans last week urged Trump to apologize for the allegations he made in […]

WASHINGTON A detailed version of President Donald Trump’s budget to be released in May will lay out plans to eventually erase U.S. deficits, White House budget director Mick Mulvaney said on Sunday. “We’re getting into that now. By May, I think it’s mid-May we’re shooting for right now, we’ll have that larger budget…” Mulvaney said on NBC’s “Meet the Press” program. Mulvaney acknowledged that the budget would […]

By Mike Stone | WASHINGTON WASHINGTON U.S. President Donald Trump says he wants to build dozens of new warships in one of the biggest peace-time expansions of the U.S. Navy. But interviews with ship-builders, unions and a review of public and internal documents show major obstacles to that plan. The initiative could cost nearly $700 billion in government funding, take 30 years to complete and require hiring […]

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