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  • BEIJING— China has launched its first aircraft carrier built entirely on its own in a demonstration of the growing technical sophistication of its defense industries. That's the same city where the hull of China's first carrier, the Ukrainian-built Liaoning, underwent extensive refurbishing before being commissioned in 2012.. Like the Liaoning, the new...

  • With financial markets eagerly anticipating a White House tax plan, Trump will also call for a sharp cut in the top rate on pass-through businesses, including many small business partnerships and sole proprietorships, to 15 percent from 39.6 percent, an administration official said. "We're driving this a little bit more," a senior White House official told a...

  • WASHINGTON, April 25- The threat of a U.S. government shutdown this weekend appeared to recede on Tuesday after President Donald Trump backed away from a demand that Congress include funding for his planned border wall with Mexico in a spending bill. But on Tuesday night, some leading Republicans and Democrats in the House and Senate expressed optimism that...

  • SYDNEY, April 26- London copper held near its highest in a week on Wednesday as the U.S. dollar lost ground against the euro in the wake of the French election, making commodities more affordable for buyers paying with other currencies. *SHFE COPPER: Shanghai Futures Exchange copper climbed 1 percent to 46,350 yuan a tonne. *BHP RESULTS: BHP Billiton, cut its full-year...

  • President Donald Trump will not agree to a Democratic demand that subsidies for Obamacare be included in a must-pass spending bill in Congress, White House budget director Mick Mulvaney said on Tuesday. Asked in an interview on CNN if Trump would back putting the Obamacare payments in the legislation to the keep the government open past Friday, Mulvaney said: "...

  • Trump intends for his blueprint, which will fall short of the kind of comprehensive tax reform that Republicans have long discussed, to be a guidepost for lawmakers in the U.S. House of Representatives and Senate. "We're driving this a little bit more," a senior White House official told a group of reporters late on Tuesday. Mnuchin has been leading the...

  • WASHINGTON, April 25- The Trump administration may undertake trade actions to protect the U.S. semiconductor, shipbuilding and aluminum industries, citing national security concerns, Commerce Secretary Wilbur Ross told the Wall Street Journal in an interview on Tuesday. Ross told the newspaper that if the talks with Mexico and Canada go much beyond December,...

  • SYDNEY, April 26- U.S. corn rose for a third consecutive session on Wednesday as forecasts for Midwest rains stoked fears of further planting delays, pushing the grain towards a near three-week high. *The most active corn Chicago Board Of Trade rose 0.5 percent to $3.73-3/ 4 a bushel, having gained 1.7 percent in the previous session when prices hit a high of $3.74-3/ 4...

  • OTTAWA, April 25- The United States and Canada faced off on Tuesday in a renewed battle over softwood lumber that threatened to spill over into multiple other sectors, though President Donald Trump said he did not fear a trade war. Canada vowed to resist Washington's move on Monday to impose tariffs on lumber that mostly feeds U.S. homebuilding, noting trade...

  • *Spot gold slipped 0.2 percent to $1,261.36 per ounce by 0055 GMT. *The U.S. military started moving parts of the controversial THAAD anti-missile defense system to a deployment site in South Korea on Wednesday amid high tensions over North Korea's missile and nuclear programs. *The threat of a U.S. government shutdown this weekend appeared to recede on Tuesday...

  • WASHINGTON, April 25- FCC Chairman Ajit Pai said on Tuesday the top U.S. telecommunications regulator would launch a "comprehensive review" of media regulations and overhaul rules that restrict consolidation among media companies, potentially opening the door to a wave of deals among broadcasters and newspapers. In 2016, the FCC under Democratic President...

  • SINGAPORE, April 26- Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC's ability to cut supplies and tighten the market. West Texas Intermediate crude oil futures were trading at $49.32 per barrel at 0052 GMT, down 24 cents, or 0.5 percent from their last...

  • TOKYO, April 26- Toshiba Corp has decided to replace its auditor after less than a year as the troubled electronics conglomerate struggles to win its approval on full-year financial statement, the Nikkei business daily reported. Earlier this month, the company filed twice-delayed business results without an endorsement from auditor...

  • WASHINGTON, April 25- FCC Chairman Ajit Pai said on Tuesday the top U.S. telecommunications regulator would launch a "comprehensive review" of media regulations and overhaul rules that restrict consolidation among media companies, potentially opening the door to a wave of deals among broadcasters and newspapers. In 2016, the FCC under Democratic President...

  • President Donald Trump on Wednesday will propose slashing corporate income tax rates and steeply discounting the tax rate on overseas corporate profits brought into the United States in a broad blueprint outlining his administration's tax principles, officials said. Trump intends his plan, which will include some specific tax-cut proposals but fall...

  • SINGAPORE, April 26- The yen edged lower on Wednesday, remaining under pressure as risk sentiment improved and safe haven demand eased, on relief over the first round of the French presidential election. The dollar edged up 0.2 percent to 111.30 yen. Still, it remains to be see whether the dollar will see a sustained push higher against the yen, said Teppei Ino,...

  • SINGAPORE, April 26- The yen edged lower on Wednesday, remaining under pressure as risk sentiment improved and safe haven demand eased, on relief over the first round of the French presidential election. The dollar edged up 0.2 percent to 111.30 yen. Still, it remains to be see whether the dollar will see a sustained push higher against the yen, said Teppei Ino,...

  • SINGAPORE, April 26- The yen edged lower on Wednesday, remaining under pressure as risk sentiment improved and safe haven demand eased, on relief over the first round of the French presidential election. The dollar edged up 0.2 percent to 111.30 yen. Still, it remains to be see whether the dollar will see a sustained push higher against the yen, said Teppei Ino,...

  • SINGAPORE, April 26- The yen edged lower on Wednesday, remaining under pressure as risk sentiment improved and safe haven demand eased, on relief over the first round of the French presidential election. The dollar edged up 0.2 percent to 111.30 yen. Still, it remains to be see whether the dollar will see a sustained push higher against the yen, said Teppei Ino,...

  • *MSCI Asia-ex Japan set for fifth consecutive day of gains. HONG KONG, April 26- Asian stocks extended gains for a fifth straight day on Wednesday as Wall Street hit new peaks while the euro consolidated recent gains as immediate concerns of political uncertainty in the euro zone receded. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1...