Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Markets in Asia fell on Wednesday morning after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
NBC is taking the office back from Netflix as it seeks to bolster its own streaming service launching in 2020.Technologyread more
Wayfair employees plan to walk out tomorrow, after no action was taken in response to their opposition to the company supplying border detention camps with beds for children.Retailread more
SEOUL, Jan 2 (Reuters) - South Korean plaintiffs in a World War Two forced labour court case against Japan's Nippon Steel & Sumitomo Metal Corp have applied to seize some of Nippon Steel's Korean assets, a South Korean newspaper reported on Wednesday.
The application for the asset seizure, if approved by the court in Seoul, could further strain what are already frosty bilateral relations between Japan and South Korea over the issue.
It stems from a ruling by South Korea's Supreme Court in October that Nippon Steel must pay compensation of 100 million won ($90,500) to each of four South Koreans for forced labour during the war.
The Japanese government has denounced the verdict, saying all wartime reparations were dealt with in a 1965 treaty that normalised ties between the two East Asian nations.
The South Korean plaintiffs recently applied to the court for the seizure of Nippon Steel's shares in a Korea-based joint venture with steelmaker POSCO called "POSCO-Nippon Steel RHF Joint Venture", according to the Chosun Ilbo newspaper.
Nippon Steel owns a 30 percent stake, or 2.34 million shares, of the joint venture, worth about 11 billion won ($9.83 million), it reported. The paper did not say how much the Korean plaintiffs sought from the seizure.
Lawyers representing the South Korean plaintiffs did not respond immediately to a request for comment. Representatives for courts with jurisdiction over the joint venture's South Korean offices could not be reached immediately for comment.
Repeated calls to Nippon Steel's office went unanswered. Wednesday is a holiday for most businesses in Japan.
Nippon Steel called it "extremely regrettable" at the time of the ruling but said it would review the decision carefully in considering further steps.
POSCO declined to comment. ($1 = 1,118.7200 won) (Reporting by Joyce Lee; Additional reporting by Mari Saito in TOKYO and Jane Chung in SEOUL)