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Updated: 26 min 58 sec ago

Asian stocks slide, investors rush to yen and bonds

December 20, 2018 - 9:51pm
Global stocks were sailing into Christmas on a sea of red on Friday, as the threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs inflamed investor unease over the economic outlook.
Categories: news

China denies 'slanderous' economic espionage charges from U.S., allies

December 20, 2018 - 9:20pm
China's Foreign Ministry said on Friday it resolutely opposed "slanderous" accusations from the United States and other allies criticising China for economic espionage, urging Washington to withdraw its accusations.
Categories: news

U.S. House passes funds for Trump wall; government shutdown looms

December 20, 2018 - 9:14pm
Republicans in the U.S. House of Representatives on Thursday added $5 billion to a government spending bill to help President Donald Trump make good on a pledge to build a border wall, a move that made a partial federal government shutdown more likely this weekend.
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U.S. plans for more than 5,000 troops to be withdrawn from Afghanistan

December 20, 2018 - 9:05pm
President Donald Trump is planning to withdraw more than 5,000 of the 14,000 U.S. troops in Afghanistan, a U.S. official said on Thursday, in the latest sign Trump's patience is thinning with America's longest war and overseas military interventions.
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Two lawmakers question EPA on asbestos after Reuters report

December 20, 2018 - 8:37pm
Two Democratic U.S. lawmakers have called on the Environmental Protection Agency to answer questions about asbestos exposure after Reuters reported that documents showed Johnson & Johnson knew for decades of the mineral’s presence in its popular baby powder.
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U.S. government shutdown looms as House passes wall funds for Trump

December 20, 2018 - 8:21pm
The U.S. House of Representatives on Thursday added $5 billion to a government spending bill for President Donald Trump's wall on the southern border with Mexico, a move that boosted the odds of a partial federal shutdown on Saturday.
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China denies economic espionage charges from U.S., allies

December 20, 2018 - 8:12pm
China's Foreign Ministry said on Friday it is resolutely opposed to accusations from the United States and other allies criticizing China for economic espionage, urging Washington to withdraw its accusations.
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U.S. defense chief Mattis quits after clashing with Trump on policies

December 20, 2018 - 8:01pm
U.S. Defense Secretary Jim Mattis abruptly said he was quitting on Thursday after falling out with President Donald Trump over his foreign policies, one day after Trump rebuffed top advisers and decided to pull all U.S. troops out of Syria.
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Asia stocks shunned as investors flee for safety

December 20, 2018 - 7:34pm
Global stocks were sailing into Christmas on a sea of red on Friday as the threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs inflamed investor unease over the economic outlook.
Categories: news

Pentagon chief Mattis quits after clashing with Trump on policies

December 20, 2018 - 7:29pm
U.S. Defense Secretary Jim Mattis abruptly said he was quitting on Thursday after falling out with President Donald Trump over his foreign policies, one day after Trump rebuffed top advisers and decided to pull all U.S. troops out of Syria.
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Dealmakers brace for slowdown after third-strongest M&A year

December 20, 2018 - 7:24pm
Dealmakers celebrating their third-strongest year on record are fretting 2019 will herald a steep drop in mergers and acquisitions worldwide, as market jitters and economic uncertainty take their toll.
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U.S. government shutdown looms after Trump insists on wall funding

December 20, 2018 - 7:21pm
U.S. President Donald Trump on Thursday insisted that Congress include $5 billion to help build a wall on the southern border with Mexico as part of legislation to fund the U.S. government, a position that raises the threat of a partial federal shutdown on Saturday.
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Senate Democratic leader Schumer: House funding bill will not pass Senate

December 20, 2018 - 7:21pm
U.S. Senate Democratic leader Chuck Schumer said on Thursday a government funding bill being considered by the House of Representatives that includes $5 billion sought by President Donald Trump for a border wall will not get the 60 votes needed to pass the Senate.
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Nasdaq goes bear as momentum plays run out of gas

December 20, 2018 - 7:07pm
Investors are finding out that it is not all puppies and unicorns when it comes to momentum plays, in a painful lesson as the Nasdaq tumbles to the edge of a bear market.
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North America, online sales power Nike's quarterly results beat

December 20, 2018 - 7:05pm
Nike Inc's quarterly results beat Wall Street estimates, boosted by strength in North America where new launches led to higher sale of more full-priced footwear and apparel online, sending its shares up 7 percent on Thursday.
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U.S. appeals court grants Trump request for halt to emoluments case

December 20, 2018 - 6:52pm
A U.S. appeals court on Thursday halted a lawsuit accusing President Donald Trump of violating anti-corruption provisions in the U.S. Constitution, saying it would review crucial preliminary rulings that allowed the case to proceed.
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Key points in U.S. Defense Secretary's resignation letter

December 20, 2018 - 6:41pm
U.S. Defense Secretary James Mattis resigned on Thursday, effective Feb. 28, 2019, over disagreements in policy following President Donald Trump's recently announced decision to withdraw U.S. troops from Syria.
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Acting U.S. attorney general won't recuse himself from Russia probe

December 20, 2018 - 6:40pm
Ignoring advice from Justice Department ethics lawyers, acting U.S. Attorney General Matthew Whitaker will not recuse himself from overseeing the probe into Russia's alleged interference in the 2016 election, a source said on Thursday.
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U.S. to send migrants back to Mexico to wait out asylum requests

December 20, 2018 - 6:36pm
The United States will soon send non-Mexican migrants who cross the U.S. southern border back to wait in Mexico while their U.S. asylum requests are processed, a major change in immigration policy, the Trump administration announced on Thursday.
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Trump demands wall funding as threat of U.S. government shutdown looms

December 20, 2018 - 6:33pm
U.S. President Donald Trump on Thursday said border security must be part of legislation to fund the U.S. government, a position that raises the threat of a partial federal shutdown on Saturday.
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