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WASHINGTON U.S. President Donald Trump told Reuters on Thursday he will either renegotiate or terminate what he called a “horrible” free trade deal with South Korea and said Seoul should pay for a U.S. anti-missile system that he priced at $1 billion. In an interview with Reuters, Trump called the five-year-old trade pact with South Korea “unacceptable” and said it would be targeted for renegotiation after his […]

With Democrats seemingly unsatisfied with Republicans dropping border wall funding and adjusting on Obamacare-related items, it appears President Trump is calling Schumer’s and Pelosi’s bluff, proclaiming “If there’s a shutdown, there’s a shutdown,” adding that Democrats would be to blame if the federal government was left unfunded. Schumer today: *SCHUMER: TRUMP CONCESSIONS BRING SPENDING DEAL CLOSER TO FINISH *SCHUMER SAYS ‘SOME STICKING POINTS’ LEFT ON SPENDING BILL […]

April 28, 2017 by: Hudson Lockett in Hong Kong Friday 05.00 BST Overview Equities fell on Friday in Asia as the region’s markets took their cues from an underwhelming session on Wall Street, while currencies pared earlier rises amid mixed signals on the future of Nafta. Hot topic Asia-Pacific equities were choppy after Wall Street investors on Thursday digested the prospects of the Trump administration’s proposed tax […]

By Jennifer Ablan and Stephen Nellis | NEW YORK/SAN FRANCISCO NEW YORK/SAN FRANCISCO Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans. U.S. President Donald Trump said on Thursday in an interview […]

WASHINGTON President Donald Trump complained on Thursday that the United States was being unfairly treated in the Paris Climate Agreement and told Reuters he would announce a decision in about two weeks on whether Washington would remain in the accord. The Republican Trump, elected in November, had vowed during his campaign to withdraw from the Paris accord within 100 days of becoming president, part of a broader […]

WASHINGTON President Donald Trump complained on Thursday that U.S. ally Saudi Arabia was not treating the United States fairly and Washington was losing a “tremendous amount of money” defending the kingdom. In an interview with Reuters, Trump confirmed his administration was in talks about possible visits to Saudi Arabia and Israel in the second half of May. He is due to make his first trip abroad as […]

WASHINGTON U.S. President Donald Trump said on Thursday a major conflict with North Korea is possible in the standoff over its nuclear and missile programs, but he would prefer a diplomatic outcome to the dispute. “There is a chance that we could end up having a major, major conflict with North Korea. Absolutely,” Trump told Reuters in an Oval Office interview ahead of his 100th day in […]

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By Idrees Ali | WASHINGTON WASHINGTON As President Donald Trump’s administration drafts an Afghanistan policy, U.S. officials are seeking a way to reverse gains by militant groups without wading deeper into a 15-year-long war that has no end in sight. In the past month, three U.S. service members have been killed in operations against Islamic State militants near Afghanistan’s porous border with Pakistan, where armed groups still […]

Exactly one month after Trump was humiliated by his own party, when in the last moment the House failed to get the number of votes to pass a Republican healthcare bill due to holdouts from the conservative Freedom Caucus, the president’s second attempt to repeal Obamacare before his first 100 days in office run out, appears on the edge of failure. However, whereas the latest effort succeeded […]

By Phil Stewart and Yara Bayoumy | WASHINGTON WASHINGTON When U.S. Defense Secretary Jim Mattis greeted Saudi Arabia’s foreign minister at the Pentagon last month, the first thing he did was joke about the time “the Iranians tried to murder you.” Mattis’ reference to a foiled 2011 plot, denied by Iran, was a telling sign of how much more aligned President Donald Trump’s administration is with Gulf […]

By Yeganeh Torbati | WASHINGTON WASHINGTON The United States issued about 40 percent fewer temporary visas in March to citizens of seven countries covered by President Donald Trump’s temporary travel bans than it did in an average month last year, according to a Reuters analysis of preliminary government data released on Thursday. At the same time, the data showed that the total of U.S. non-immigrant visas issued […]

A brick made of Martian soil simulant compacted under pressure. The brick was made without any additional ingredients and without baking. Credit: Jacobs School of Engineering/UC San Diego Explorers planning to settle on Mars might be able to turn the planet’s red soil into bricks without needing to use an oven or additional ingredients. Instead, they would just need to apply pressure to compact the soil—the equivalent […]

By Lucia Mutikani | WASHINGTON WASHINGTON New orders for U.S.-made capital goods rose less than expected in March, but a second straight monthly increase in shipments suggested business investment accelerated in the first quarter amid a recovering energy sector. While other data on Thursday showed a bigger-than-expected increase in first-time applications for unemployment benefits last week, the trend in claims remained consistent with tightening labor market conditions. […]

A recent Saudi government and security shake-up aims to strengthen King Salman’s increasingly powerful son against a royal rival and to bolster ties with Washington, analysts and diplomats say. Royal decrees at the weekend saw a number of allies of Deputy Crown Prince Mohammed bin Salman moved into key positions and another son of the king named as ambassador to Washington. The goal, a foreign diplomat told […]

The Public Broadcasting Act of 1967, which created the Corporation for Public Broadcasting (CPB) and later led to the creation of both PBS and NPR, also recognized the importance of archiving public broadcasting material in the United States. It stipulated that CPB should: …Establish and maintain, or contribute to, a library and archives of noncommercial educational and cultural radio and television programs and related materials and develop […]

By John Irish and Matthias Blamont | PARIS PARIS A top aide of far-right presidential candidate Marine Le Pen raised doubts on Thursday about a French intelligence report accusing Syria’s leadership of a toxic gas attack, a position directly opposed by her centrist rival Emmanuel Macron. A declassified report published on Wednesday showed that French intelligence had concluded that government-backed forces had launched a sarin nerve gas […]

Since at its core, yesterday’s 1-page “tax plan” was a Goldman creation, who better to explain what Trump offered than Goldman Sachs itself, which it did overnight in a far lengthier note from its chief Washington analyst Alec Phillips.  Here is Goldman with an elaboration of the handful of bullet points contained on the much anticipated one page, extended to 6 pages. Q&A on the President’s Tax […]

By Jeffrey Heller | JERUSALEM JERUSALEM The Palestinian Authority told Israel on Thursday it will no longer pay for the electricity Israel supplies to Gaza, Israeli officials said, a move that could lead to a complete power shutdown in the territory whose two million people already endure blackouts for much of the day. The decision was another sign of a hardening of Palestinian Authority policy towards its […]

By Michael Martina and Ju-min Park | BEIJING/SEOUL BEIJING/SEOUL China on Thursday welcomed an apparently softer tone by the United States on the North Korean nuclear and missile crisis but stressed its opposition to a U.S. missile defence system being deployed in South Korea. China has long promoted dialogue to resolve the “Korean nuclear issue” as North Korea has repeatedly threatened to destroy the United States which […]

The big announcement of the really, really big Trump Tax Plan with the “biggest tax cuts in history” came out bigly on Wednesday, as Trump promised. Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn, Trump’s latest tax team, beamed proudly as they presented their baby. The stock market took a deep breath, then  looked at their brainchild and completely petered out. First, let me say, I clearly have nothing to recant […]

European companies have been slow to capitalise on this week’s market rally — a pause in issuing new bonds that bankers do not expect to last with borrowers set to return as the spring earnings season progresses. There was no investment grade euro bond issuance from non-financial corporates last week as debt issuers sat on the sidelines ahead of the first round of the French presidential election […]

By Mica Rosenberg and Dan Levine | NEW YORK/SAN FRANCISCO NEW YORK/SAN FRANCISCO Even if President Donald Trump wins an appeal of a court ruling blocking his executive order on sanctuary cities, arguments made by the government in the case could permanently harm its efforts to cut off federal funding to targeted cities, some legal experts say. Trump’s original order, issued on Jan. 25, stated that cities […]

By Steve Holland | WASHINGTON WASHINGTON U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House said. The announcement came after White House officials disclosed that Trump and his advisers had been considering issuing an executive order to withdraw the […]

Donald Trump has decided not to pull the US out of the North American Free Trade Agreement, agreeing instead with his Canadian and Mexican counterparts to “proceed swiftly” with negotiations to update the agreement, according to the White House.  The move came in hastily arranged calls between the three leaders after news leaked that the White House was considering unveiling an executive order on Saturday that would have […]

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