Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
The U.S. Federal Reserve on Wednesday cut its overnight rate by 25 basis points to a range of 1.75% to 2%, a move that was widely expected. The central bank, however, appeared...Asia Marketsread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
Tesla sales in China should hit around 6,400 vehicles this quarter, but the Shanghai factory won't be able to manufacture Model 3s in volume until mid-2020, according to JL...Technologyread more
* Brent edges higher, U.S. oil drops 0.4%
* Trade war limits gains for oil
* Graphic on Saudi, Russian and U.S. oil production: https://tmsnrt.rs/2QYZ6Ed (Adds comment, chart, graphic, updates prices)
TOKYO, Sept 3 (Reuters) - Oil prices were mixed on Tuesday as the ongoing U.S.-China trade war cast a pall over markets, with soft South Korean data adding to concerns over emerging markets and a rise in OPEC output.
U.S. crude was down 21 cents, or 0.4%, at $54.89 a barrel by 0244 GMT, while Brent was 5 cents higher at $58.71 a barrel.
The United States this week imposed 15% tariffs on a variety of Chinese goods and China began to impose new duties on a $75 billion target list, deepening the trade war that has rumbled on for more than a year.
U.S. President Donald Trump said both sides would still meet for talks later this month.
South Korea's economy turned out to have expanded less than estimated during the second quarter as exports were revised down in the face of the prolonged U.S.-China trade dispute, central bank data showed on Tuesday.
A move on Sunday by Argentina to impose capital controls is also casting a spotlight on emerging market risks.
"Oil will struggle to make substantial headway topside this week with no progress on trade talks or meetings even, soft data from Asia and a possible cracking of OPEC's resolve to control production," said Jeffrey Halley, senior market analyst at OANDA.
Output from the Organization of the Petroleum Exporting Countries (OPEC) rose in August for the first month this year as higher supply from Iraq and Nigeria outweighed restraint by top Saudi Arabia and losses caused by U.S. sanctions on Iran.
OPEC, Russia and other non-members, known as OPEC+, agreed in December to reduce supply by 1.2 million bpd from Jan. 1 this year. OPEC's share of the cut is 800,000 bpd, to be delivered by 11 members and exempting Iran, Libya and Venezuela.
Russian oil production <C-RU-OUT> in August rose to 11.294 million barrels per day (bpd), topping the rate Moscow has pledged to cap output at under a pact with other producers and hitting its highest since March, a data showed on Monday.
Nonetheless, Russia aims to fully comply with an agreement during September to cut oil production among OPEC and some non-OPEC producers, Russian Energy Minister Alexander Novak said in a statement on Monday.
Data due this week on U.S. inventory levels will be delayed by a day to Wednesday and Thursday due to the U.S. Labor Day holiday on Monday.
"What's bad for the outlook for global growth is bad for oil at the moment and only big draws in inventories can delay that drift lower," said Greg McKenna, strategist at McKenna Macro.
(Reporting by Aaron Sheldrick; editing by Richard Pullin)