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Updated: 22 min 50 sec ago

Fed minutes leave questions on balance sheet, patience

February 20, 2019 - 3:08pm
Federal Reserve policymakers on Wednesday gave little sense of how long their "patient" stance on U.S. interest rate policy would last, and while promising "before too long" a plan for their $4 trillion balance sheet, left unclear what that plan would entail.
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January FOMC minutes: Little risk in pause

February 20, 2019 - 3:08pm
Federal Reserve policymakers thought pausing on U.S. interest rate hikes last month posed little risk and plenty of benefit, minutes from their Jan. 29-30 meeting showed, giving them time to assess the effects of a global slowdown and the Fed's rate hikes to date on U.S. economic momentum.
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Wall Street trades lower after Fed minutes

February 20, 2019 - 2:32pm
U.S. stocks turned lower in volatile trade on Wednesday after the release of the Federal Reserve's minutes from its January meeting, when the U.S. central bank said it would be "patient" with respect to further interest rate hikes.
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Trump 'fear-mongering' fuels rise of U.S. hate groups to record: watchdog

February 20, 2019 - 2:24pm
The number of hate groups operating in the United States rose 7 percent to an all-time high last year, the Southern Poverty Law Center said on Wednesday, attributing the increase largely to anti-immigrant rhetoric from President Donald Trump.
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May in Brussels for 'detailed discussions' on Brexit with wary EU

February 20, 2019 - 2:07pm
British Prime Minister Theresa May arrived in Brussels on Wednesday for "detailed discussions" as she seeks to wring more concessions on Brexit from a skeptical European Union, her strategy further battered by the defection of three lawmakers.
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UBS CEO says French appeals process to take 'several years'

February 20, 2019 - 2:06pm
UBS Group expects its appeal of a French court verdict ordering the Swiss bank to pay 4.5 billion euros ($5.10 billion) for aiding tax evasion to last years, Chief Executive Sergio Ermotti told staff in a memo.
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Southwest shares drop as mechanics labor dispute escalates

February 20, 2019 - 1:18pm
Southwest Airlines Co's shares fell as much as 6 percent on Wednesday after the low-cost carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations.
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Wall Street treads water ahead of Fed minutes

February 20, 2019 - 1:17pm
U.S. stocks were little changed on Wednesday, as investors awaited the Federal Reserve's minutes from its January meeting and details on trade talks between the United States and China.
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U.S. dismisses Putin nuclear comments as 'propaganda'

February 20, 2019 - 12:54pm
The United States on Wednesday dismissed comments by Russian President Vladimir Putin that Moscow would match any U.S. move to deploy new nuclear missiles closer to Russia as propaganda designed to divert attention from alleged Russian violations of the Intermediate-range Nuclear Forces (INF) Treaty.
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Abuse victims demand to see pope, call for bishops to be fired

February 20, 2019 - 12:48pm
Victims of sexual abuse by Catholic clergy demanded on Wednesday to meet Pope Francis to press their call for the Church to apply a zero tolerance policy including the dismissal of bishops who covered up such offences.
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CVS 2019 profit forecast a wide miss, shares fall 9 percent

February 20, 2019 - 12:34pm
CVS Health Corp on Wednesday forecast 2019 profit well below Wall Street forecasts due to weakness in its pharmacy business that serves long-term care facilities and slower than anticipated growth in drug prices, sending shares down as much as 9 percent.
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Exclusive: Kinder Morgan to expand Chicago ethanol hub to calm glut concerns - sources

February 20, 2019 - 12:32pm
Kinder Morgan Inc will expand barge-loading capacity at its ethanol terminal in Chicago to help relieve a supply glut there that is driving down global prices for the biofuel, three people briefed on the company's plans told Reuters.
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Consultant says unaware of fraud in U.S. House race in North Carolina

February 20, 2019 - 12:25pm
A political consultant told North Carolina's elections board on Wednesday he was not aware an operative working for their Republican candidate had devised an unlawful absentee ballot operation that investigators say was an effort to sway a close congressional race.
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White House readies panel to question security risks of climate

February 20, 2019 - 12:23pm
The White House is readying a presidential panel that would question U.S. military and intelligence reports showing human-driven climate change poses risks to national security, according to a document seen by Reuters on Wednesday.
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EU won't renegotiate Brexit deal: Spain foreign ministry source

February 20, 2019 - 12:18pm
The European Union will not agree to renegotiate the deal on Britain's exit from the bloc but there might be some margin of maneuver for a statement on the Irish backstop, a Spanish foreign ministry source told Reuters.
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EU's Juncker sees no Brexit breakthrough in Wednesday talks with PM May

February 20, 2019 - 12:17pm
European Commission President Jean-Claude Juncker on Wednesday reiterated he had no expectations of a Brexit breakthrough when he meets British Prime Minister Theresa May in the evening.
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Bangladesh on UK teenager in Syria: nothing to do with us

February 20, 2019 - 12:04pm
A teenager stripped of her British citizenship in Syria is nothing to do with Bangladesh and the matter is for the British to resolve, Bangladesh's interior minister said on Wednesday.
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Venezuela closes maritime border with Dutch islands to stop aid

February 20, 2019 - 12:02pm
Venezuela's government on Wednesday said it had closed the country's maritime border with the Dutch Caribbean islands due to the opposition's plan to bring in humanitarian aid this Saturday to alleviate an economic crisis it denies exists.
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Number of U.S. hate groups hits all-time high, watchdog says

February 20, 2019 - 11:58am
The number of hate groups operating in the United States rose 7 percent to an all-time high in 2018, reflecting an increasingly divisive debate on immigration and demographic change, the Southern Poverty Law Center said on Wednesday.
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Islamic State nears defeat in last Syrian enclave

February 20, 2019 - 11:57am
Islamic State looked close to defeat in its last enclave in eastern Syria on Wednesday as civilians poured out and the U.S.-backed Syrian Democratic Forces (SDF) said the remaining jihadists wanted to fight to the death.
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