Futures are pointing to a lower Wall Street open, with China ramping up its rhetoric in the ongoing trade dispute with the U.S.Morning Briefread more
A Ministry of Commerce spokesperson did not mention any U.S. actions specifically, but it's been a tense couple of weeks for the trade negotiations.World Politicsread more
U.S. stock index futures were sharply lower Thursday as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.US Marketsread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
With Tesla shares skidding, two experts weigh in on what could be next for the automaker and its volatile stock.Trading Nationread more
Strategist Robert Buckland says global stocks have gained 7% on an annualized rate since 2010, which how much dividends have gone up in that time.Marketsread more
Analysts at Barclays "can't believe it's not meat," projecting huge growth for the nascent alternative food industry over 10 years.Investingread more
Chinese government-aligned experts are stressing that the U.S. will need to negotiate a trade agreement with Asia's largest economy.China Economyread more
Under-the-radar hedge-fund managers beating the market are betting on big comeback stories General Electric and PG&E, as well as Biogen.Marketsread more
other nations@ (Updates with introduction of bill, adds comments from senator)
WASHINGTON, April 10 (Reuters) - A bipartisan group of U.S. senators introduced legislation on Wednesday mandating that the executive branch disclose details about authorizations it gives companies on sharing sensitive nuclear energy information with countries looking to build reactors.
Lawmakers have criticized the Trump administration for issuing seven so-called Part 810 authorizations to companies on sharing nuclear power information with Saudi Arabia and withholding information about them. They want to ensure the kingdom eventually agrees to strong nuclear power safeguards on uranium enrichment and reprocessing to avoid the risk of an arms race in the Middle East.
Several lawmakers in the Senate and House of Representatives have asked the administration for details on the authorizations, but were told that even the names of companies that got them are proprietary. Previous 810 authorizations were made available to the public at the Department of Energy headquarters.
"Congress cannot play its oversight role and ensure U.S. civil nuclear cooperation efforts do not encourage the spread of nuclear weapons-making capabilities" when presidential administrations withhold information from lawmakers, Senator Marco Rubio said.
Rubio and fellow Republican Senator Todd Young introduced the bill with Democratic Senators Tim Kaine and Edward Markey. A similar bill is expected in the House.
The Trump administration has had talks with Saudi Arabia, which has been resistant to safeguards in a civilian nuclear cooperation pact known as a 123 agreement, which is subject to congressional approval. Such a deal would have to be signed before the transfer of materials to build reactors. The administration has also been trying to convince Riyadh to agree to safeguards in a so-called Additional Protocol from the International Atomic Energy Agency.
Markey asked Secretary of State Mike Pompeo in a hearing to commit to sharing the 810 applications and authorizations. Pompeo said he would take the request under consideration but that other agencies have a voice in the authorizations, signed by Energy Secretary Rick Perry.
Saudi Arabia says its plans are peaceful. But Crown Prince Mohammed bin Salman said last year the kingdom would develop nuclear arms if its rival Iran did.
Riyadh plans to issue a multi-billion-dollar tender in 2020 to build its first two nuclear power reactors, sources said this month. Originally expected last year, the tender has been delayed several times.
The United States, South Korea, Russia, China and France are competing for the business. U.S. reactor builder Westinghouse, owned by Brookfield Asset Management Inc, would likely sell nuclear technology to Saudi Arabia in any deal that involved U.S. technology.
The bill, which faces an uncertain future in a tight congressional schedule, would amend the 1954 Atomic Energy Act to require the Department of Energy to turn over to the Senate Foreign Relations Committee and the House Foreign Affairs Committee reports on all 810 applications it receives and the authorizations it makes and denies.
The chairs and ranking members of those committees could also ask the Energy Department for records on any 810 applications that are approved or pending, and the department would have 10 days to do so. (Reporting by Timothy Gardner Editing by Bill Berkrot and Leslie Adler)