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Asian investors stay calm amid Wall Street sell-off

Mon, 04/02/2018 - 10:50pm
SYDNEY (Reuters) - Asian shares slipped on Tuesday amid escalating trade tensions and worries over the fading outlook for global tech giants, but investors held their nerves to focus instead on prospects for stronger world growth.

Migrant caravan heading to U.S. border puts Mexico in tough spot with Trump

Mon, 04/02/2018 - 9:06pm
IXTEPEC, Mexico/EDINBURG, Texas (Reuters) - In some of the Mexican towns playing host to a "caravan" of more than 1,200 Central American migrants heading to the U.S. border, the welcome mat has been rolled out despite President Donald Trump's call for Mexican authorities to stop them.

Trump attorney seeks to force porn star's lawsuit into arbitration

Mon, 04/02/2018 - 8:27pm
(Reuters) - President Donald Trump's personal lawyer asked a federal judge on Monday to force adult film star Stormy Daniels to use arbitration to settle a dispute over an agreement to keep quiet about a sexual encounter she says she had with Trump.

Wall Street tumbles on tech sector, trade war worries

Mon, 04/02/2018 - 5:45pm
NEW YORK (Reuters) - Wall Street shares plunged on Monday as investors fled technology stocks amid resurgent trade war worries, with key indexes trading below their 200-day moving averages and the S&P 500 closing below that pivotal technical level for the first time since Britain's vote to leave the European Union in June 2016.

Puerto Rico governor slams congressman over 'dictatorial' letter

Mon, 04/02/2018 - 5:13pm
NEW YORK (Reuters) - Puerto Rico's governor on Monday fiercely defended his administration's right to help steer the insolvent, storm-ravaged island out of bankruptcy after a U.S. congressman said the process should be led by the island's creditors and federally appointed oversight board.

Trump declares DACA 'dead,' urges Congress to act on border

Mon, 04/02/2018 - 4:58pm
WASHINGTON (Reuters) - President Donald Trump declared as "dead" on Monday a program that protects immigrants brought to the United States illegally as children and pressed Congress to "immediately" pass legislation to secure the U.S. border with Mexico.

EPA to relax fuel efficiency standards for autos

Mon, 04/02/2018 - 3:03pm
WASHINGTON (Reuters) - The Trump administration on Monday rejected an Obama-era plan to make automobiles more fuel efficient, opening up a long process to weaken current standards and putting California and the federal government on a collision course over vehicle emissions.

Trump declares DACA 'dead,' urges Congress to act on border

Mon, 04/02/2018 - 2:42pm
WASHINGTON (Reuters) - President Donald Trump declared as "dead" on Monday a program that protects immigrants brought to the United States illegally as children and pressed Congress to "immediately" pass legislation to secure the U.S. border with Mexico.

Wall Street gives up 2018 gains amid tech selloff, trade fears

Mon, 04/02/2018 - 2:36pm
NEW YORK (Reuters) - Wall Street shares nosedived on Monday, with the Dow falling to its lowest level of the year and the S&P 500 and Nasdaq each poised for the biggest daily percentage drop since February 8, as investors fled technology stocks and trade war fears were stoked anew.

Winnie Mandela, 'mother', then 'mugger', of new South Africa

Mon, 04/02/2018 - 1:32pm
JOHANNESBURG (Reuters) - Hailed as mother of the 'new' South Africa, Winnie Madikizela-Mandela's legacy as an anti-apartheid heroine was undone when she was revealed to be a ruthless ideologue prepared to sacrifice laws and lives in pursuit of revolution and redress.

More U.S. real estate deals can go ahead without appraisal: regulators

Mon, 04/02/2018 - 1:09pm
WASHINGTON (Reuters) - U.S. bank regulators on Monday agreed to relax commercial real estate lending rules and allow more deals to go ahead without an independent appraisal of the property's value.

China hits U.S. goods with tariffs as 'sparks' of trade war fly

Mon, 04/02/2018 - 12:21pm
BEIJING (Reuters) - China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world's biggest economies in response to U.S. duties on imports of aluminum and steel.

Tech stocks drag Nasdaq into losses for the year

Mon, 04/02/2018 - 11:52am
(Reuters) - Shares in U.S. technology majors sank again on Monday, wiping out the tech-heavy Nasdaq index's gains for the year and sending the benchmark S&P 500 below a closely watched technical level for the first time in nearly two months.

Winnie Mandela, 'mother' then 'mugger' of new South Africa, dies at 81

Mon, 04/02/2018 - 11:44am
JOHANNESBURG (Reuters) - Hailed as mother of the 'new' South Africa, Winnie Madikizela-Mandela's legacy as an anti-apartheid heroine was undone when she was revealed to be a ruthless ideologue prepared to sacrifice laws and lives in pursuit of revolution and redress.

Tesla making 2,000 Model 3s per week: report

Mon, 04/02/2018 - 11:43am
(Reuters) - Tesla Inc will fall short of its 2,500 per week target for production of the crucial Model 3 sedan when it reports its numbers this week, according to a report by tech website Jalopnik, citing an email from Chief Executive Officer Elon Musk to employees.

Kremlin says Trump suggested Putin visit the White House

Mon, 04/02/2018 - 10:08am
MOSCOW (Reuters) - A Kremlin aide said on Monday that U.S. President Donald Trump suggested the White House as the venue for a summit with Russia's Vladimir Putin when they discussed the idea of meeting in a telephone call last month.

Trump calls for Congress to pass border legislation

Mon, 04/02/2018 - 8:43am
WASHINGTON (Reuters) - U.S. President Donald Trump renewed calls for Congress to pass immigration legislation on Monday, one day after saying he would not consider a deal to protect young immigrants.

Wall St. falls as China tariffs revive trade war fears

Mon, 04/02/2018 - 8:35am
(Reuters) - U.S. stocks fell on Monday as China's decision to raise import tariffs on U.S. products revived global trade war fears and technology stocks remained under pressure.

Syrian state media: last rebel group starts leaving Ghouta

Mon, 04/02/2018 - 8:30am
BEIRUT (Reuters) - The last Syrian rebel group in eastern Ghouta near Damascus began withdrawing on Monday under an agreement with the government, state media said, though a military source said a group of insurgents were still rejecting the deal.

Latin American nations compete for capital in surge of oil auctions

Mon, 04/02/2018 - 7:41am
HOUSTON (Reuters) - For decades, many Latin America's oil-producing nations have often shunned investment from foreign firms, instead keeping their vast reserves under the tight control of governments and state-run oil companies.

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