Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female engineer named Morgan Beller.Technologyread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
The MTA reported that the 1, 2, 3, 4, 5 and 6 trains are all facing delays due to a network communications issue impacting service in both directions, NBC New York reports.Transportationread more
* Asian stock markets : https://tmsnrt.rs/2zpUAr4
* Major stock indices mostly flat in early Asia
* No clarity on Sino-U.S. trade as Trump flies to Japan
* Market pares bets for half-point Fed rate cut in July
SYDNEY, June 27 (Reuters) - Asian markets were busy going nowhere on Thursday as confusion shrouded the chances of any progress in the Sino-U.S. trade standoff, while bulls scaled back wagers for a drastic cut in U.S. interest rates.
President Donald Trump said on Wednesday that a trade deal with Chinese President Xi Jinping was possible this weekend but warned he was prepared to impose U.S. tariffs on virtually all remaining Chinese imports if talks fail.
Trump also raised the possibility that he may impose a lower, 10% duty on a $300 billion list of Chinese imports, instead of the proposed 25% rate.
Enroute to the G20 meeting in Japan on Air Force One, Trump later tweeted he was "off to save the Free World!"
"The best that can be hoped for is a ceasefire that avoids incremental tariffs and helps set the stage for further talks, and this isn't a scenario that equities should necessarily be celebrating," said analysts at JPMorgan in a note.
Investors were clearly on the sidelines with MSCI's broadest index of Asia-Pacific shares outside Japan dipping 0.01% in very light trade.
Japan's Nikkei added 0.3%, helped by a pullback in the yen, while Australian stocks eased 0.4%. E-Mini futures for the S&P 500 were 0.03% firmer.
Wall Street had been equally circumspect, with the Dow ending Wednesday down 0.04%, while the S&P 500 lost 0.12% and the Nasdaq rose 0.32%.
LESS THAN 50
Trump had also weighed into U.S. monetary policy on Wednesday, accusing Federal Reserve Chairman Jerome Powell of doing a "bad job" and "out to prove how tough he is" by not cutting interest rates.
Markets are convinced the Fed will indeed ease at its next meeting in July, but had to scale back bets on a half-point cut following cautious comments from various policy makers.
Futures are 100% priced for a cut of 25 basis points, and imply a 22% chance of 50 basis points.
Treasury yields edged up in response, though the two-year is only just above 19-month lows at 1.77%.
That in turn eased the selling pressure on the U.S. dollar, which inched up to 96.175 on a basket of currencies from a three-month trough of 95.843.
The dollar bounced modestly on the yen to 107.76 and away from a low of 106.77. The euro likewise eased back to $1.1371 from a top of $1.1412.
The dollar's gains took a little of the shine off gold, which broke a six-session winning stretch and eased to $1,410.12 per ounce.
Oil prices ran into profit-taking in early Asia, having gained overnight on a larger-than-expected drawdown in crude stocks as exports hit a record high and surprise falls in refined product stockpiles.
Brent crude futures eased 54 cents to $65.95, while U.S. crude lost 48 cents to $58.84 a barrel.
(Editing by Sam Holmes)