Top News & Analysis Washington DC

  • WASHINGTON, Nov 14- A U.S. congressional commission said on Wednesday that China appears to have relaxed enforcement of sanctions on North Korea and called on the Treasury Department to provide a report on Chinese compliance within 180 days. The bipartisan commission said China had appeared to enforce sanctions on North Korea more thoroughly than in the past...

  • *Financials drop as Maxine Waters says regulations won't ease. NEW YORK, Nov 14- Wall Street stocks fell on Wednesday, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the U.S. House of Representatives.

  • *Oil rises as OPEC, partners discuss supply cut. *U.S. yields slide as Wall Street falls. A gauge of global stock markets fell for a fifth straight session, following a volatile session on Wall Street that left major U.S. indexes well in the red.

  • GENEVA, Nov 14- The global grain market needs more U.S. wheat to make up for tightening supply in other major exporting zones, but China will be able to keep shunning U.S. soybeans in its trade tussle with Washington, grain merchants said on Wednesday. U.S. soybean shipments to China have dried up in recent months after Beijing raised tariffs on the most valuable U.S....

  • NEW YORK, Nov 14- A group representing biofuel companies asked a federal judge on Tuesday to force the U.S. Environmental Protection Agency to stop exempting small refineries from renewable fuel laws until a lawsuit challenging the agency's actions is resolved. The EPA's decision, first reported by Reuters, lowers statutory renewable fuel mandates without...

  • WASHINGTON, Nov 14- The U.S. National Transportation Safety Board opened an investigative hearing on Wednesday into the fatal engine explosion on a Southwest Airlines Boeing 737 that killed one passenger. Dallas- based Southwest has been under scrutiny since an engine on a flight headed from New York to Dallas blew apart in mid-air over Pennsylvania,...

  • WASHINGTON, Nov 14- The U.S. National Transportation Safety Board opened an investigative hearing on Wednesday into the fatal engine explosion on a Southwest Airlines Boeing 737 that killed one passenger. Dallas- based Southwest has been under scrutiny since an engine on a flight headed from New York to Dallas blew apart in mid-air over Pennsylvania,...

  • Nov 14- U.S. stocks were higher on Wednesday, after consumer prices in October rose as expected, adding little pressure on the Federal Reserve to raise interest rates swiftly, while a rebound in oil prices lifted energy stocks. Shares of Exxon Mobil Corp rose 0.5 percent and Chevron Corp gained 1.6 percent as oil prices recovered on growing prospect of an output...

  • *Oil prices rebound after plunge, energy stocks rise. Nov 14- U.S. stocks were set to open higher on Wednesday, after consumer prices in October rose as expected, keeping the Federal Reserve on track for gradual interest rate hikes, while a rebound in oil prices lifted energy stocks. The Labor Department said U.S. consumer prices rose 0.3 percent last month, after...

  • *China retail sales growth slows, industrial output rises. LONDON, Nov 14- Base metals held steady on Wednesday as weak retail sales data from top consumer China took the shine off upbeat industrial output and investment figures in the country. "It has a bit to do with the negative reaction to retail sales in China and that stock markets there had been down and also...

  • The muted moves in futures follow losses for Asia and Europe after data showed soft retail sales in China and slowing Japanese and German economies in the third quarter. A mix of factors from a bitter trade dispute between the United States and China, worries about rising interest rates and slowing corporate profit have stalled gains for U.S. stocks, with the S&P...

  • ADDIEVILLE, Ill., Nov 14- Clouds crowded the Illinois sky as Nick Harre walked away from his combine at the peak of harvest to join four fellow farmers in greeting some unlikely visitors. The wooing of such a tiny market underscores the depth of U.S. farmers problems after losing their biggest customer, China, to a global trade war. China bought about 32 million tons...

  • Nov 14- The U.S. National Transportation Safety Board is set to hold an investigative hearing on Wednesday about a midair incident in April during which an engine on a Southwest Airlines Boeing 737 exploded over Pennsylvania, killing one passenger. Dallas- based Southwest has been under intense scrutiny in the months since an engine on a flight headed from New...

  • *China retail sales growth slows, industrial output rises. LONDON, Nov 14- Base metals eased slightly on Wednesday as weak retail sales data from top consumer China took the shine off upbeat industrial output and investment figures in the country. "It has a bit to do with the negative reaction to retail sales in China and that stock markets there had been down and...

  • BAGHDAD, Nov 14- Iraq has agreed with Iran to exchange Iraqi food items for Iranian gas and energy supplies, two Iraqi government officials said on Wednesday. "The American deadline of 45 days to stop importing Iranian gas is not enough at all for Iraq to find an alternative source," the first official said. Washington granted Iraq a waiver to be able to import Iranian...

  • BAGHDAD, Nov 14- Iraq has agreed with Iran to exchange Iraqi food items for Iranian gas and energy supplies, two Iraqi government officials said on Wednesday. Baghdad is now seeking U.S. approval to allow it to import Iranian gas which is used in its power stations, and needs more time to find an alternative source, they said. Washington granted Iraq a waiver to be able...

  • *Russia has cut oil production by 20,000 bpd in Nov from Oct. SINGAPORE, Nov 14- Russia's energy minister said on Wednesday no emergency action was warranted to stem a decline in oil prices, as crude benchmarks fell again. Alexander Novak reporters on the sideline of an international conference in Singapore that long-term oil prices should be taken into...

  • HONG KONG, Nov 14- The Chinese yuan steadied on Wednesday thanks to signs of easing trade tensions between Beijing and Washington, though traders were cautious about the local currency's outlook in the face of rising economic headwinds. The White House confirmed on Tuesday that it is resuming trade talks with Beijing after local media had earlier reported...

  • *Operating procedures, training could change- FAA. WASHINGTON/ SEATTLE, Nov 13- The U.S. Federal Aviation Administration and Boeing Co are evaluating the need for software or design changes to 737 MAX jets in the wake of last month's deadly Lion Air crash in Indonesia, the regulator said on Tuesday. Operating procedures and training for the 737 MAX could also change...

  • *China& India car sales: https://tmsnrt.rs/2DkWvPW. But with unexpectedly broad exemptions granted by Washington that allow Asia's main oil consumers to continue buying crude from Iran, the overall supply drop has not materialised. That surge has so far been met by healthy demand, not only in Asia's main emerging economies of China and India, but also in the...