Top News & Analysis Washington DC

  • *China hopes to reach phased trade pact with U.S. SINGAPORE/ LONDON, Oct 17- Oil prices fell on Thursday after industry data showed a larger-than-expected build-up in the U.S. inventories, but losses were limited after China said it hoped to reach a phased trade agreement with the United States as early as possible. U.S. crude inventories soared by 10.5 million...

  • 5 G networks are at the center of a brewing technology war between United States and China, as they are expected to host critical functions from driverless vehicles to smart electric grids and military communications, underscoring their importance to national security. Washington has put Chinese supplier Huawei on a trade blacklist and led a worldwide...

  • *Lira awaits outcome of top-level U.S.- Turkey meeting over Syria. Oct 17- Emerging market stocks rose for the sixth straight session on Thursday buoyed by lingering trade optimism, while the Turkish lira held steady ahead of a top-level meeting between Turkey and the United States regarding Syria. Mainland China shares ended flat, while most others in Asia...

  • 5 G networks are at the center of a brewing technology war between United States and China, as they are expected to host critical functions from autonomous vehicles to smart electric grids and military communications, underscoring their importance to national security. Washington has put Chinese supplier Huawei on a trade blacklist and led a worldwide...

  • *Pound on edge ahead of EU summit in Brussels. HONG KONG, Oct 17- The dollar found support on Thursday having weakened on lackluster U.S. retail data, while the volatile pound was on edge as Britain and the European Union scrambled to secure a last-minute Brexit deal. Sterling swung about a five-month high overnight, knocked around by a series of mixed headlines on...

  • WASHINGTON, Oct 16- U.S. authorities said on Wednesday it has obtained an asset freeze against 18 traders, who are primarily China- based, over an international market manipulation scheme that has reaped more than $31 million in illicit profits over several years. In one instance, traders named Xiaosong Wang and Shun Sui allegedly earned about $6,233 in illegal...

  • WASHINGTON, Oct 16- The U.S. Securities and Exchange Commission said on Wednesday it has obtained an asset freeze against 18 traders over a market-manipulation scheme through which they reaped over $31 million in illicit profits. The SEC said the traders, who are primarily China- based, manipulated more than 3,000 U.S.-listed securities by using multiple...

  • inflation data@ Oct 16- The Brazilian real bounced off two-week lows on Thursday and the Mexican peso rose against the dollar on weak U.S. data, but Latin American markets were range-bound with fresh strains in U.S.- China trade talks. The U.S. House of Representatives on Tuesday passed four pieces of legislation taking a hard line on China, with three related to...

  • "It will take time for us to address all of the regulatory concerns that were raised and it's our duty and our responsibility to come with answers to all of these questions," head of Libra David Marcus told a panel at the International Monetary Fund conference in Washington. Federal Reserve governor Lael Brainard reiterated those concerns on Wednesday, saying at...

  • Federal Reserve Governor Lael Brainard said on Wednesday that Facebook's efforts to launch a Libra cryptocurrency must overcome a "core set of legal and regulatory challenges" before facilitating a single payment. "It should be no surprise that Facebooks Libra is attracting a high level of scrutiny from lawmakers and authorities," she said at an event in...

  • The meeting came two days before Washington is slated to impose tariffs on up to $7.5 billion of imports of European Union goods, including many Italian cheeses and wines, following the World Trade Organization's green light for the move over subsidies to planemaker Airbus. He waded into potentially controversial territory by suggesting Italy could boost...

  • NEW YORK, Oct 16- The U.S. dollar fell across the board on Wednesday as dismal U.S. retail sales data painted a gloomy picture of the economy and supported the case for further interest rate cuts by the Federal Reserve. "The U.S. economy is indeed revealing further weaknesses, justifying another rate cut by the Fed," said Marc-André Fongern, a strategist at MAF Global...

  • LONDON, Oct 16- About 150 mothers with babies and young children defied a police ban on climate protests to stage a "nurse-in" outside the London offices of Google on Wednesday, while activists launched a parallel protest at the premises of its subsidiary YouTube. The mothers gathered despite police banning protests by the Extinction Rebellion group in London,...

  • WASHINGTON, Oct 16- The nation's top housing regulator said on Wednesday that he hopes to hire an outside financial adviser by next month to help the government devise a plan to remove mortgage giants Fannie and Freddie from government conservatorship. Federal Housing Finance Agency Director Mark Calabria said he expects the adviser to help the regulator...

  • BRUSSELS, Oct 16- Chinese telecoms manufacturer Huawei Technologies sought on Wednesday to assuage European concerns that it is a cyber security risk, saying it wants to help make the continent a world leader in next generation mobile networks. "We have to find a' European way.' So let's do it together," said Abraham Liu, Huawei's representative to the European Union...

  • WASHINGTON, Oct 16- Trade tensions between the United States and China- the world's two largest economies- are a significant source of risk for the global economy, with "real spillover effects" for emerging markets, top IMF officials said on Wednesday. Tobias Adrian, director of the monetary and capital markets department of the International Monetary Fund, told...

  • Oct 16- The U.S. National Highway Traffic Safety Administration said Wednesday it is reviving a long-stalled effort to overhaul the five-star crash rating program for all new vehicles. The National Transportation Safety Board has recommended pedestrian collision avoidance systems and forward collision avoidance systems to be added to the program.

  • WASHINGTON, Oct 16- Italian President Sergio Mattarella told U.S. Mattarella spoke to reporters at the White House as the two leaders began their meeting which the Italian president said would focus at least in part on trade issues. The United States is poised to impose tariffs on up to $7.5 billion of imports of European Union goods on Friday after the World...

  • WASHINGTON, Oct 16- Facebook Inc, whose digital currency project Libra has been abandoned by several high-profile partners including PayPal, Visa and Mastercard, still expects to get 100 banks and financial firms on board once it addresses regulatory concerns, the head of the project said on Wednesday. "It will take time for us to address all of the regulatory...

  • Oct 16- Gold rose on Wednesday on concerns that Washington's stance on Hong Kong could hamper trade negotiations between the United States and China and as investors awaited a key Brexit summit, but bullion's gains were dwarfed by deficit-hit palladium as it smashed new records. In a move that soured ties between the United States and China on Tuesday, the U.S....