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Updated: 2 hours 40 min ago

Resource stocks jump in Asia as oil extends rally

Wed, 04/18/2018 - 10:36pm
SYDNEY (Reuters) - Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014 and ignited a rally across commodities, though the potential boost to inflation globally also put some pressure on fixed-income assets.

Exclusive: Facebook to put 1.5 billion users out of reach of new EU privacy law

Wed, 04/18/2018 - 9:31pm
SAN FRANCISCO (Reuters) - If a new European law restricting what companies can do with people's online data went into effect tomorrow, almost 1.9 billion Facebook Inc users around the world would be protected by it. The online social network is making changes that ensure the number will be much smaller.

FAA orders engine inspections after Southwest explosion

Wed, 04/18/2018 - 9:11pm
(Reuters) - The U.S. Federal Aviation Administration said on Wednesday it would order inspection of some 220 jet engines after investigators said a broken fan blade touched off an engine explosion on a Southwest Airlines flight, shattering a window and killing a passenger.

Exclusive: Facebook to change user terms, limiting effect of EU privacy law

Wed, 04/18/2018 - 8:56pm
SAN FRANCISCO (Reuters) - If a new European law restricting what companies can do with people's online data went into effect tomorrow, almost 1.9 billion Facebook Inc users around the world would be protected by it. The online social network is making changes that ensure the number will be much smaller.

Former U.S. Olympians tell Congress more reforms needed in gymnastics

Wed, 04/18/2018 - 8:17pm
WASHINGTON (Reuters) - U.S. gymnastics needs more reforms to wipe out sexual abuse after a scandal involving an ex-team doctor convicted of molesting female athletes, former Olympic athletes told a Senate panel on Wednesday.

Trump hopes for successful North Korea summit, but warns he could walk away

Wed, 04/18/2018 - 7:25pm
PALM BEACH, Fla. (Reuters) - U.S. President Donald Trump said on Wednesday he hoped an unprecedented summit with North Korean leader Kim Jong Un would be successful after a recent visit to Pyongyang by CIA Director Mike Pompeo, but warned he would call it off if he did not think it would produce results.

New York nanny convicted in stabbing deaths of two young children

Wed, 04/18/2018 - 5:47pm
NEW YORK (Reuters) - A New York nanny was found guilty on Wednesday of stabbing to death two children in her care at their luxury Manhattan apartment, in a case that drew national headlines.

Southwest engine explosion began when fan blade broke: NTSB

Wed, 04/18/2018 - 5:34pm
(Reuters) - Federal air safety officials investigating why the engine of a Southwest Airlines jet blew apart, killing a passenger after shattering a plane window, said on Wednesday that the incident began when a fan blade already suffering metal fatigue snapped off in mid-flight.

EPA's Pruitt under spending probe; senators urge his ouster

Wed, 04/18/2018 - 5:28pm
WASHINGTON (Reuters) - The White House budget office said on Wednesday it was probing whether a $43,000 soundproof phone booth installed for Environmental Protection Agency chief Scott Pruitt violated the law, while dozens of Democratic senators called for him to resign over allegations of ethics lapses.

In Kansas, three found guilty in plot to bomb Somalis' apartment complex

Wed, 04/18/2018 - 5:20pm
WICHITA, Kan. (Reuters) - A federal court jury on Wednesday found three men guilty of plotting to bomb a western Kansas apartment complex that is home to Somali immigrants and their mosque, in a crime prosecutors branded an act of domestic terrorism.

Trump says Stormy Daniels sketch is of a 'nonexistent man'

Wed, 04/18/2018 - 5:17pm
WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday said a man portrayed in a sketch released by porn star Stormy Daniels, who she said warned her to stop discussing her claims of a sexual encounter with Trump, does not exist.

North Korea to hold plenary meeting of party central committee on Friday: KCNA

Wed, 04/18/2018 - 5:02pm
SEOUL (Reuters) - North Korea will hold a plenary meeting of its ruling party's central committee on Friday, state media KCNA said on Thursday.

U.S. states look to tax day to gauge fallout from federal tax law

Wed, 04/18/2018 - 4:55pm
CHICAGO (Reuters) - Taxpayer actions in response to sweeping federal tax changes passed by the U.S. Congress late last year will likely force states that tax personal income to tear up their revenue forecasts and start again.

New York attorney general wants power to bypass Trump pardons

Wed, 04/18/2018 - 4:50pm
NEW YORK (Reuters) - New York's attorney general on Wednesday asked Governor Andrew Cuomo and state legislators to give him and other local prosecutors power to bring criminal charges against people pardoned by U.S. President Donald Trump.

Castro nears retirement as Cuban president; lawmakers vote on successor

Wed, 04/18/2018 - 3:33pm
HAVANA (Reuters) - Cuba's Raul Castro was just hours away from retiring as president after parliament proposed Miguel Diaz-Canel as his replacement on Wednesday, a shift that will usher in the island's first non-Castro leader since the 1959 revolution.

Trump hails Pompeo-Kim meeting, says North Korea summit plans advancing

Wed, 04/18/2018 - 3:10pm
WASHINGTON/SEOUL (Reuters) - U.S. President Donald Trump said on Wednesday that preparations were advancing for a first-ever summit with North Korea after CIA director Mike Pompeo visited Pyongyang and formed a "good relationship" with its leader Kim Jong Un.

S&P edges higher on energy, industrials but Dow slips

Wed, 04/18/2018 - 3:04pm
NEW YORK (Reuters) - The S&P 500 eked out a small gain while the Dow ended lower after a volatile trading session on Wednesday, with weakness in sectors such as consumer staples and financials offsetting strong gains in the energy and industrial indexes.

Southwest focuses on older engines in probe of deadly jet explosion

Wed, 04/18/2018 - 2:54pm
(Reuters) - The wrecked engine of a Southwest Airlines Co jet was being examined on Wednesday by U.S. air safety officials investigating why it blew up in mid air, killing a passenger in the country's first deadly airline accident in nine years.

British PM May dealt embarrassing Brexit defeat in parliament's upper house

Wed, 04/18/2018 - 2:39pm
LONDON (Reuters) - Britain's upper house of parliament inflicted an embarrassing defeat on Theresa May's government on Wednesday, challenging her refusal to remain in a customs union with the EU after Brexit.

Dozens of senators sign resolution urging ouster of EPA's Pruitt

Wed, 04/18/2018 - 2:29pm
WASHINGTON (Reuters) - Dozens of Democratic U.S. Senators on Wednesday introduced a resolution calling for Environmental Protection Agency chief Scott Pruitt to resign on allegations of ethics lapses.