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Updated: 15 min 47 sec ago

Pennsylvania Republicans make case for scrapping new Congress map

Fri, 03/09/2018 - 3:09pm
HARRISBURG, Pa. (Reuters) - A panel of three federal judges heard arguments on Friday in the latest attempt by Pennsylvania Republicans to block a court-imposed map of voting districts that could boost Democrats' chances of winning control of the U.S. Congress this year.

Detained immigrants separated from children in U.S. sue Trump administration

Fri, 03/09/2018 - 2:26pm
(Reuters) - Migrants separated from their children after they were detained for illegally entering the United States filed a class action lawsuit on Friday, claiming there are "hundreds" of parents in the same situation, and that the Trump administration is violating their due process rights.

Goldman CEO Blankfein prepares to exit as soon as year-end: WSJ

Fri, 03/09/2018 - 1:38pm
(Reuters) - Lloyd Blankfein could step down as Goldman Sachs Group Inc chief executive as soon as the end of the year, the Wall Street Journal reported on Friday, swiveling the focus tofierce competition between the two contenders to replace him.

Israeli troops kill Palestinian in West Bank clashes

Fri, 03/09/2018 - 10:34am
RAMALLAH, West Bank (Reuters) - Israeli soldiers shot dead a Palestinian man during clashes in the occupied West Bank on Friday, the Palestinian Health Ministry said.

In the cellars of eastern Ghouta, Syrians wait in fear

Fri, 03/09/2018 - 10:29am
EASTERN GHOUTA, Syria/BEIRUT (Reuters) - Abu Alma has holed up in a basement for two weeks with his wife and baby daughter. Ten other families stay with them, hiding from the bombs that fall on Syria's eastern Ghouta.

Italian election lays bare gaping north-south divide

Fri, 03/09/2018 - 9:47am
ROME (Reuters) - Long divided along economic lines, Italy is now also politically cleft after Sunday's elections, with the anti-elite 5-Star Movement triumphing in the underdeveloped south and the right predominating in the wealthy north.

Spanish court says proposed Catalan leader must stay in jail

Fri, 03/09/2018 - 9:28am
MADRID (Reuters) - Spain's Supreme Court on Friday turned down a request by Catalan regional presidential candidate Jordi Sanchez to be allowed out of jail to attend a parliamentary session to swear in a new leader, in a further blow to the region's bid to split from Spain.

Bull market aging but still has juice to break record

Fri, 03/09/2018 - 9:08am
NEW YORK (Reuters) - The bull market for stocks turns nine years old on Friday and, despite being long in the tooth, appears poised to set the record as the longest in history, buoyed by global economic growth and stronger company earnings.

Toymakers tumble as Toys 'R' Us prepares to liquidate

Fri, 03/09/2018 - 9:03am
(Reuters) - Shares of Mattel Inc and Hasbro Inc , the two largest U.S. toymakers, tumbled on Friday after reports that key customer Toys 'R' Us Inc is preparing for potential liquidation, six months after filing for bankruptcy.

GM confirms investment in South Korea business, flags first quarter 'cash crisis'

Fri, 03/09/2018 - 8:58am
SEOUL (Reuters) - General Motors confirmed details of a proposed investment in its loss-making South Korean business on Friday, but said it was subject to support from Seoul and GM's Korean union.

Bitcoin falls to lowest level in three-and-a-half weeks

Fri, 03/09/2018 - 7:40am
NEW YORK (Reuters) - Bitcoin dropped below $9,000 on Friday to its lowest level in 3-1/2 weeks on concerns about regulatory clamp down around the world following cases of large thefts of digital currencies.

Stock futures higher after jobs data

Fri, 03/09/2018 - 7:37am
(Reuters) - U.S. stock index futures moved higher on Friday after payrolls data showed wage increases were muted in February, tempering a very high jobs number and cooling expectations of a faster rise in inflation.

U.S. stocks suffer massive outflows as Trump risks trade war: BAML

Fri, 03/09/2018 - 7:20am
LONDON (Reuters) - A marked shift toward protectionism by President Donald Trump caused sharp outflows from U.S. large-cap stocks this week, Bank of America Merrill-Lynch (BAML) strategists said on Friday.

U.S. allies line up for exemptions from Trump's tariffs

Fri, 03/09/2018 - 7:16am
BRUSSELS/SHANGHAI/TOKYO (Reuters) - From Japan and South Korea to Australia and Europe, officials lined up on Friday to seek exemptions from President Donald Trump's tariffs on U.S. steel and aluminum imports, while Chinese producers called on Beijing to retaliate in kind.

U.S. court to weigh Republican challenge to Pennsylvania voter redistricting

Fri, 03/09/2018 - 6:53am
HARRISBURG, Pa. (Reuters) - A panel of federal judges on Friday will weigh Republicans' latest attempt to block new Pennsylvania district boundaries for voters in congressional elections that could boost Democrats' chances of winning control of Congress this year.

Rising cross-asset correlation shows more fuel for sell-off

Fri, 03/09/2018 - 6:12am
(Reuters) - At a time when volatility in financial markets is creeping up on rising bond yields and fears of U.S trade protectionism, one modern leading indicator of trouble ahead suggests stock market losses could intensify going forward.

Suicide blast targets gathering in Afghan capital Kabul

Fri, 03/09/2018 - 5:45am
KABUL (Reuters) - A suicide bomber blew himself up in the Afghan capital, Kabul, on Friday, killing at least seven people in an attack on a crowd gathered to commemorate a political leader from the mainly Shi'ite Hazara minority, officials said.

Two million children in Congo at risk of starvation, U.N. warns

Fri, 03/09/2018 - 5:15am
GENEVA (Reuters) - More than 2 million children in the Democratic Republic of Congo are estimated to be at risk of dying from severe acute malnutrition if they do not get the aid they need, the United Nations warned on Friday.

'Pharma Bro' Shkreli to be sentenced for defrauding investors

Fri, 03/09/2018 - 5:06am
NEW YORK (Reuters) - Martin Shkreli, the former drug company executive who made headlines by jacking up the price of a lifesaving drug before he was found guilty of defrauding investors, is scheduled to be sentenced on Friday.

Myanmar probes grave after soldiers seen detaining men

Fri, 03/09/2018 - 5:05am
YANGON (Reuters) - Myanmar authorities on Friday visited a suspected shallow grave in the country's north that residents said contained the bodies of two ethnic minority men who were detained by soldiers in January, a police officer and a community leader said.