U.S. stock futures are indicating a sharply higher Thursday open on Wall Street, as the Fed's dovish stance fuels hopes for future interest rate cuts.Morning Briefread more
Stock futures are surging after the Fed signaled interest rate cuts may begin as early as July.US Marketsread more
A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread more
While the Federal Reserve still sees no rate cut in 2019, traders are convicted a rate reduction is coming as soon as July.Marketsread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
Goldman Sachs lowered its price target on Tesla over concerns about demand.Marketsread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
This month's chipmaker stock surge hasn't been enough to escape correction territory. One technician says relief could be ahead for the slammed semis.Trading Nationread more
BUENOS AIRES, March 15 (Reuters) - A delegation from China will visit Argentina this month to discuss the construction of a nuclear power plant, signaling potential progress in a deal that could increase Beijing's deepening influence in the South American nation.
An Argentine government source told Reuters this week the "technical team" from China would meet with local suppliers about the long-stalled nuclear power plant project, reportedly worth up to $8 billion.
Argentina had hoped to announce an agreement on China-financed construction of Atucha III, as it has been referred to in the past, during a state visit by Chinese President Xi Jinping after November's G20 summit in Buenos Aires.
But the deal failed to emerge then, and in January Argentina's nuclear energy undersecretary, Julian Gadano, and the ambassador to China, Diego Guelar, met with officials in Beijing for talks about the project, the government source said.
A second government source, in the foreign ministry, said talks about the nuclear plant with China were ongoing but added that there had been no "concrete progress" toward signing a deal.
If finalized, the nuclear plant would be one of the biggest projects financed in Argentina by China, which has become a key trading partner for Argentina and its biggest non-institutional lender.
The Chinese embassy in Buenos Aires did not respond to requests for comment and China National Nuclear Corporation, a state-owned nuclear firm that has held talks previously about building nuclear plants in Argentina, declined to comment.
A press officer in Argentina's nuclear affairs department, which operates under the foreign ministry, said he was unaware of the delegation's visit.
The power plant deal was first negotiated under the administration of former President Cristina Fernandez, a left-wing populist who left office in 2015 after striking a number of deals with China.
When Argentina signed a $56.3 billion financing deal with the International Monetary Fund to rescue its troubled economy last year, U.S. President Donald Trump voiced his support for the plan and the leadership of center-right President Mauricio Macri.
Marci, like right-wing President Jair Bolsonaro in neighboring Brazil, took a tough stance against China on the campaign trail, saying he would review some of the deals Fernandez had made with the country.
But China has emerged as a critical trading partner, investor and financier for the U.S. allies nonetheless, as part of its long-running push into Latin America. (Reporting by Cassandra Garrison Editing by Tom Brown)