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Updated: 59 min 43 sec ago

Analyst view: Fed's day two of cash injection into U.S. banking system

10 hours 9 min ago
As if the U.S. Federal Reserve didn't already have enough on its plate heading into its meeting on interest rates this week, chaos deep inside the plumbing of the U.S. financial system has thrown policymakers an unexpected curve ball.
Categories: news

Instant view: U.S. fed funds rate breaks above Fed's target range

10 hours 10 min ago
A key interest rates the Federal Reserve aims to influence to control monetary policy broke above the top-end of the central bank's target range for the first time since the global credit crisis more than a decade ago.
Categories: news

Trump orders more Iran curbs as Saudi readies attack evidence

10 hours 25 min ago
President Donald Trump on Wednesday said he ordered a major increase in sanctions on Iran in the latest U.S. move to pressure Tehran, which U.S. officials say probably carried out a crippling weekend attack on Saudi oil facilities.
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Wall Street ticks lower as FedEx warns on profit; Fed on tap

10 hours 28 min ago
U.S. stocks edged lower at open on Wednesday, pressured by FedEx's warning on full-year profit, while investors waited for the Federal Reserve's decision on interest rates.
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U.S. housing starts, building permits hit 12-year high

10 hours 33 min ago
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.
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UK parliament suspension not a matter for judges, PM Johnson's lawyer tells Supreme Court

10 hours 43 min ago
Boris Johnson's decision to suspend parliament is a political issue and not a matter for judges, a lawyer for the prime minister said on Wednesday as he sought to persuade the British Supreme Court that the five-week shutdown was lawful.
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Congressional Democrats threaten to subpoena vaping company Juul over documents

10 hours 47 min ago
Congressional Democrats on Wednesday threatened to subpoena Juul Labs if the e-cigarette maker does not provide documents relating to its products and marketing practices, as a House panel looks into whether the company deliberately targeted children.
Categories: news

U.S. fed funds rate breaks above Fed's target range

10 hours 51 min ago
A key interest rates the Federal Reserve aims to influence to control monetary policy broke above the top-end of the central bank's target range for the first time since the global credit crisis more than a decade ago.
Categories: news

Trump says he has ordered substantial increase of Iran sanctions

10 hours 53 min ago
U.S. President Donald Trump said on Wednesday he had ordered Treasury Secretary Steven Mnuchin to "substantially increase sanctions" imposed on Iran, amid escalating tensions between Washington and Tehran.
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Iran warns of crushing response, blames U.S. for regional tension

11 hours 15 min ago
Iran on Wednesday threatened a crushing response to any military strike after attacks on Saudi oil sites blamed by Washington on Tehran, though it said the Islamic Republic had no desire for conflict in the Gulf region.
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Saudi Arabia promises concrete proof Iran behind oil strikes

11 hours 15 min ago
Saudi Arabia promised evidence on Wednesday linking its main regional adversary Iran to an unprecedented attack on its oil industry, which Washington also blames on Tehran in a perilous escalation of Middle East frictions.
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Offering UK a Brexit choice, Labour's Corbyn stays shy on his view

11 hours 22 min ago
Opposition Labour leader Jeremy Corbyn promised on Wednesday to offer Britain the choice of leaving the European Union with a "credible" deal or staying in the bloc if he wins power, but declined to say which side he favored.
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Oil prices slip on Saudi pledge, financial markets look to Fed

11 hours 55 min ago
Oil prices cooled on Wednesday as Saudi Arabia's pledge to quickly restore production eased supply worries, while caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.
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From "King Bibi" to kingmaker Lieberman?

12 hours 6 min ago
Half a year ago one man stood alone and unchallenged on the summit of Israeli politics - the veteran right-wing populist Benjamin Netanyahu, known as "King Bibi" to his loyal followers.
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Turkish court rules to keep U.S. consulate worker in jail: lawyer

12 hours 13 min ago
A Turkish court ruled on Wednesday to keep U.S. consulate employee Metin Topuz in jail as his trial on espionage charges continues, a lawyer for Topuz said, meaning he will remain in detention until the next hearing in December.
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Apple spars with EU as $14 billion Irish tax dispute drags on

12 hours 17 min ago
Apple accused the European Commission of misunderstanding its business on day two of the iPhone maker's appeal against a $14 billion tax order, in a dispute that is key to the EU's drive to collect more taxes but which could also run for years.
Categories: news

Parliament suspension not a matter for judges, UK Supreme Court told

12 hours 17 min ago
Boris Johnson's decision to suspend parliament is a political issue and not a matter for judges, a lawyer for the prime minister said on Wednesday as he sought to persuade the British Supreme Court that the five-week shutdown was lawful.
Categories: news

Explainer: What is the British opposition Labour Party's position on Brexit?

12 hours 18 min ago
Britain's opposition Labour Party wants to do everything it can to stop Prime Minister Boris Johnson taking the country out of the European Union without a deal next month, and will also reject any new deal he is able to strike with Brussels.
Categories: news

Next Israeli leader certain to face growing budget problems

12 hours 25 min ago
Whoever emerges as Israel's prime minister after Tuesday's election will need to rein in a growing budget deficit quickly before it hits economic growth.
Categories: news

UK's Corbyn promises EU referendum; does not say how he will campaign

12 hours 26 min ago
Britain's opposition Labour Party leader Jeremy Corbyn promised on Wednesday that if he won power he would hold an in-out referendum on Brexit but repeatedly declined to say which way he would campaign.
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