By Minami Funakoshi | TOKYO TOKYO U.S. Secretary of State Rex Tillerson is due to visit Japan, South Korea and China this month to discuss North Korea on his first trip to the region since he took up his post, Japanese media reported on Saturday. Tillerson’s trip would come as the United States and China try to put relations on an even keel after a rocky start […]
By Michael Martina and Philip Wen | BEIJING BEIJING Defying pressure for a strong increase in defence spending, China said on Saturday its military budget this year would grow about 7 percent, its slowest pace since 2010. Last year, with China’s economy slowing, the defence budget recorded its lowest increase in six years, 7.6 percent, the first single-digit rise since 2010, following a nearly unbroken two-decade run […]
By Alex Dobuzinskis | LOS ANGELES LOS ANGELES A massive sewage spill from Mexico’s Tijuana River that polluted miles of coastland in Southern California and northern Mexico has prompted an investigation, with U.S. officials calling it deliberate and Mexican authorities saying it was an accident caused by heavy rain. The pollution closed beaches and kept surfers and swimmers out of the ocean, drawing outrage from residents of […]
By Noel Randewich | SAN FRANCISCO SAN FRANCISCO Technology companies have been a driving force behind the U.S. stock market’s recent record rally, and despite mounting evidence of stretched valuations the sector remains a top pick for investors expecting a wave of capital expenditures by U.S. corporations. Corporate tax cuts and reduced regulations planned by President Donald Trump will give companies reason to spend more on cloud […]
You can’t fire Arnold Schwarzenegger. Arnold Schwarzenegger fires you! That’s because the former California governor has just quit NBC’s The New Celebrity Apprentice after wrapping up its season last January. What’s more, the Terminator star blames the show’s forerunner, current president of the United States and number one critic of the show, Donald Trump for the show’s less than impressive ratings. It’s not exactly a surprising reaction from the […]
(Image: file photo) The clock is ticking for a controversial surveillance provision, which is is set to expire at midnight at the end of the year. But the Trump administration has signaled that it will support its clean reauthorization. Passing a clean version of the Foreign Intelligence Surveillance Act, or FISA, is “necessary to protect the security of the nation,” according to a White House official speaking […]
Yemen, one of the poorest countries in the Arab world, has been convulsed by civil strife for more than two years. In the west, Houthi rebels ousted the government of President Abdu Rabbu Mansour Hadi, the United States’ main counterterrorism partner in the country, and have been fighting a Saudi-led coalition of mostly Sunni Arab countries that back Mr. Hadi. Continue reading the main story In the […]
Speaking to American state governors this week in the state dining room of the White House, Donald Trump hit on a point that is of no surprise to investors: healthcare is “an unbelievably complex subject”. The Affordable Care Act, one of the two key pillars of the healthcare reform signed into law by former US President Barack Obama in 2010, is 906 pages long — the table […]
WASHINGTON President Donald Trump’s Treasury Secretary Steven Mnuchin used his first senior staff meeting last month to tell his new aides he would not tolerate leaks to the news media, three sources familiar with the matter said. Current and former officials said that in a departure from past practice, access to a classified computer system at the White House has been tightened by political appointees to prevent […]
WASHINGTON U.S. Vice President Mike Pence on Friday said there was “no comparison whatsoever” between his use of a private email account for state business while he was governor of Indiana and the email woes of former Secretary of State Hillary Clinton. Clinton’s use of a private email server during her time in government became a major point of criticism against her as the Democratic nominee during […]
The Rare Disease Day on Feb. 28 brought the international spotlight on many rare disorders, with President Donald Trump mentioning the need for speedy drug clearances to combat such conditions. Among these, one mysterious yet serious genetic disorder is nail-patella syndrome, also known as Fong disease or HOOD syndrome. NPS comes with many issues such as the absence of nails, small kneecaps, or the total absence of kneecaps. The […]
Evan Spiegel gazed out over the floor of the New York Stock Exchange, where onlookers were recording him with his company’s retro-cool, video-enabled sunglasses, then rang the opening bell on Snap’s first day as a public company. Breaking the tech titan’s dress code in his suit and tie, he grinned and, unlike his biggest rival, made no grand proclamations about his company’s world-changing potential. Nearly five years […]
By Julia Edwards Ainsley | WASHINGTON WASHINGTON Women and children crossing together illegally into the United States could be separated by U.S. authorities under a proposal being considered by the Department of Homeland Security, according to three government officials. Part of the reason for the proposal is to deter mothers from migrating to the United States with their children, said the officials, who have been briefed on […]
By Lindsay Dunsmuir and Howard Schneider | CHICAGO CHICAGO The Federal Reserve is set to raise its benchmark interest rate later this month as long as economic data on jobs and inflation holds up, Fed Chair Janet Yellen said on Friday, in comments that likely cement a rate hike at its next meeting. Several of Yellen’s U.S. central bank colleagues in recent days had also put a […]
A tell-tale sign of a booming equity market is a hot technology listing and the blockbuster debut by Snap, duly summoned memories of the dotcom era. Shares in the parent of the popular messaging app surged more than 40 per cent in their New York Stock Exchange debut on Thursday where the fresh-faced co-founders rang the opening bell to cheers from the trading floor. On Friday, they […]
By Jonathan Allen and Joseph Ax | NEW YORK NEW YORK U.S. prosecutors in New York charged a St. Louis, Missouri, man on Friday in connection with at least eight bomb threats made against Jewish organizations across the country. Juan Thompson, 31, was taken into custody on Friday morning in St. Louis and was expected to make an initial court appearance there later in the day. It […]
In the first stage of the Trump Rally (from the election to year-end), investors appeared to hedge as the market rallied. However, since the start of the new year, Goldman Sachs’ proprietary macro hedging indicator has traded along with equities, suggesting that investors are buying stocks and discarding protection. As Goldman’s John Marshall and Katherine Fogertey explain, the Trump rally has changed the market – Investors Stopped […]
YEMEN: US fighter jets pounded Al-Qaeda targets in Yemen for a second straight day on Friday, security and tribal sources said, as Washington steps up its air war against the jihadists.The Pentagon said it had carried out more than 20 strikes on Thursday targeting Al-Qaeda positions in the southern provinces of Shabwa and Abyan and the central province of Baida.Yemeni officials said at least 12 suspected militants […]
While equity market euphoria at the prospect of President Donald Trump’s spendthrift, deregulatory agenda remains undimmed, bond investors are sending a very different message. US equity gauges have continued to climb this year, propelled by hopes of deregulation, tax cuts, government spending and more business-friendly policies. This week all four of the biggest stock indices achieved yet another “Grand Slam” of fresh records in the wake of […]
March 3, 2017 by: Jamie Chisholm, Global Markets Commentator Friday 08:35 GMT Overview Stock markets are retreating as Wall Street equity futures dip further from this week’s record high as investors cash in some of their bullish bets on stronger growth following the election of US president Donald Trump. The pullback comes amid heightened expectations that the improving economic scenario will encourage the Federal Reserve to increase […]
Rep. Trey Gowdy (R-SC) appeared on Fox’s First 100 Days Thursday evening after a closed door briefing earlier in the day by FBI director James Comey concerning the agency’s investigation into claims of Russian interference in the 2016 presidential election. The interview begins with host Martha MacCallum mentioning that Congressman Adam Schiff (D-CA), who attended the same meeting, was “rattled” over the lack of information Comey gave concerning Russian involvement in the election. Gowdy, on the other […]
Core inflation has returned to Japan for the first time since 2015, with consumer prices excluding fresh food rising by 0.1 per cent in January over the same month a year earlier. The return to positive territory was driven by energy — petrol prices jumped 9.2 per cent year-on-year after big drops in 2016 — but the rise will be welcome news for the Bank of Japan. […]
By Matt Spetalnick | WASHINGTON WASHINGTON With his administration on the defensive over investigations into alleged Russian meddling in last year’s election, U.S. President Donald Trump is no longer tweeting praise for his Kremlin counterpart. Less than five weeks after he took office, the chances of a spring thaw in relations between Washington and Moscow – once buoyed by an apparent “bromance” between Trump and President Vladimir […]
Eleven U.S. states have agreed to drop a lawsuit against an Obama administration order for transgender students to use bathrooms of their choice after the measure was revoked by President Donald Trump, a court filing showed on Thursday. In a filing in the Fifth Circuit Court of Appeals, the U.S. Justice Department said the states, led by Texas, had agreed to drop the lawsuit, and it was […]
