Top News & Analysis Washington DC

  • NEW YORK, Nov 20- Oil prices tumbled more than 6 percent on Tuesday in heavy trading volume, with U.S. crude diving to its lowest level in more than a year, caught in a broader Wall Street selloff fed by mounting concerns about a slowdown in global economic growth. West Texas Intermediate crude futures ended the session down $3.77, or 6.6 percent, at $53.43 per barrel.

  • WASHINGTON, Nov 20- The United States said on Tuesday it had moved to disrupt an Iranian-Russian network that sent millions of barrels of oil to Syria and hundreds of millions of dollars to indirectly fund militant groups Hamas and Hezbollah. Syria then helped transfer hundreds of millions of dollars in cash to Hezbollah, which functions as a political party...

  • NEW YORK, Nov 20- Oil prices tumbled more than 6 percent on Tuesday in heavy trading volume, with U.S. crude diving to its lowest level in more than a year, caught in a broader Wall Street selloff fed by mounting concerns about slowing global economic growth. West Texas Intermediate crude futures ended the session down $3.77, or 6.6 percent, at $53.43 per barrel.

  • NEW YORK, Nov 20- The dollar rallied on Tuesday, making the largest daily percentage gain in two weeks, as a sell-off in world stock markets spurred safe-haven bids and investors worried about slowing global growth. "The rout in the stock market has hit extra hard and the dollar is gaining on a safe-haven bid at the moment," said John Doyle, director of markets, at Tempus...

  • NEW YORK, Nov 20- Oil prices tumbled about 7 percent on Tuesday, with U.S. crude plunging to its lowest level in more than a year, caught in a broader Wall Street selloff that was fed by rising concerns about slowing global economic growth. West Texas Intermediate crude futures were down $3.90, or 6.8 percent, at $53.30 per barrel by 2:01 p.m. EST.

  • NASA'S SAFETY REVIEW OF SPACEX PROMPTED BY THE RECENT BEHAVIOR OF SPACEXS FOUNDER, ELON MUSK- WASHINGTON POST, CITING SOURCES.

  • NASA TO LAUNCH SAFETY REVIEW OF SPACEX AND BOEING- WASHINGTON POST.

  • BEIJING, Nov 20- The failure of the countries attending a major Asia-Pacific summit to agree on a communique resulted from certain countries "excusing" protectionism, a top Chinese diplomat said, in a veiled criticism of Washington that further sours China-U.S. ties ahead of a meeting of the G20 nations. In Washington, a White House official rejected the Chinese...

  • WASHINGTON, Nov 20- The United States said on Tuesday it had moved to disrupt an Iranian-Russian network that sent millions of barrels of oil to Syria and hundreds of millions of dollars to indirectly fund militant groups Hamas and Hezbollah. U.S. officials said Russia facilitated the delivery of oil from Iran to Syria, and that a variety of mechanisms were used...

  • Employees walk towards the entrance of a Toys R Us Inc. retail store in Frederick, Maryland, U.S., on Monday, April 16, 2018. 

    The private equity firms that owned Toys R Us before the company declared bankruptcy earlier this year have each pledged $10 million to create the TRU Financial Assistance Fund, which aims to distribute funds to former employees. 

  • Nov 20- U.S. stocks were set to open sharply lower on Tuesday as poor forecasts from retailers including Target Corp and Kohls Corp for the holiday quarter fed into a market driven lower this week by concerns about demand for iPhones. Should Apple's loss hold through the day, its shares would have lost more than 20 percent of their value, or around $250 billion, since...

  • Spot gold rose 0.1 percent to $1,225.56 per ounce at 1237 GMT, having earlier hit its highest since Nov. 8 at $1,226.56. "is relatively sideways at the moment... gold does not have its own momentum behind it, it is simply responding to external forces rather than any energy and vigour of its own," said Ross Norman, chief executive officer of Sharps Pixley.

  • *Soybean focus on U.S./ China trade war. HAMBURG, Nov 20- U.S. soybeans, wheat and corn firmed on Tuesday, underpinned by buying interest after sharp falls in the previous session as uncertainty over the U.S./ China trade dispute continued to weigh on the market. A meeting of Asia-Pacific leaders dampened hopes of Washington and China resolving their trade dispute...

  • OSLO, Nov 20- Oil markets are entering an unprecedented period of uncertainty due to geopolitical instability and a fragile global economy, the head of the International Energy Agency said on Tuesday. The United States restored sanctions targeting Iran's oil sector in early November, cutting the country's crude exports by close to 1 million bpd from a summer...

  • Spot gold was down 0.1 percent at $1,223.01 per ounce at 1047 GMT, having earlier hit a peak since Nov. 8 at $1,225.88. "is relatively sideways at the moment... gold does not have its own momentum behind it, it is simply responding to external forces rather than any energy and vigour of its own," said Ross Norman, chief executive officer of Sharps Pixley.

  • LONDON, Nov 19- Federal Reserve Governor Randal Quarles is set to be appointed the head of the Financial Stability Board in a bid to keep a sceptical United States engaged in the international body, two people with knowledge of the discussions said on Monday. Klaas Knot, president of the Dutch Central Bank, was also on the shortlist for chair and will become the...

  • SINGAPORE, Nov 20- London copper prices snapped a five-session winning streak on Tuesday as investors practiced caution amid mounting trade friction between the United States and China. Leaders attending the Asia Pacific Economic Cooperation summit at the weekend in Papua New Guinea failed to agree to a joint communique for the first time in history, amid...

  • SINGAPORE, Nov 20- London copper prices snapped a five-session winning streak on Tuesday as investors practiced caution amid mounting trade friction between the United States and China. Leaders attending the Asia Pacific Economic Cooperation summit at the weekend in Papua New Guinea failed to agree to a joint communique for the first time in history, amid...

  • *Spot gold may test support at $1,211/ oz- technicals. Spot gold was little changed at $1,224.45 per ounce at 0735 GMT. Thanksgiving, "said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.

  • BEIJING, Nov 20- China's opening up of its economy will help it cope with the trade frictions with the United States, a central bank adviser said on Tuesday, adding that China cannot go backwards on its market reforms. But China will forge ahead with its reforms at its own pace, Liu Shijin, an adviser to the People's Bank of China, said at a finance forum in Beijing.