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Updated: 5 hours 44 min ago

Bank of Japan holds fire on policy, joins Fed in warning of mounting global risks

Wed, 06/19/2019 - 11:10pm
The Bank of Japan kept monetary policy steady on Thursday, preferring to save its dwindling ammunition as a darkening global growth outlook prompts other major central banks to drop hints of additional stimulus.

China's Xi arrives in North Korea with senior economic official in tow

Wed, 06/19/2019 - 11:07pm
Chinese President Xi Jinping arrived in Pyongyang on Thursday accompanied by a clutch of senior officials, including the head of the state economic planner, as Beijing looks to bolster North Korea and perhaps jumpstart stalled talks with Washington.

Costs, delays mount for Boeing's NASA launch system, audit finds

Wed, 06/19/2019 - 10:52pm
NASA's flagship space launch system being built by Boeing is taking years longer than expected with cost overruns of nearly $2 billion, an audit found on Wednesday, raising questions about meeting a goal of returning humans to the moon by 2024.

China's Xi arrives in North Korea: Chinese state media

Wed, 06/19/2019 - 9:51pm
China's President Xi Jinping has arrived in North Korea, Chinese state media said on Thursday.

Fed sees case building for interest rate cuts this year

Wed, 06/19/2019 - 8:56pm
The U.S. Federal Reserve on Wednesday signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about weak inflation.

Trump believes he has authority to demote Fed's Powell: Bloomberg

Wed, 06/19/2019 - 8:56pm
U.S. President Donald Trump believes that he has the authority to replace Federal Reserve Chair Jerome Powell and demote him to be a board governor, but is not planning to do so presently, Bloomberg reported on Wednesday, citing people familiar with the matter.

Exclusive: T-Mobile prepares for Boost auction if Dish Network talks stall - sources

Wed, 06/19/2019 - 8:50pm
T-Mobile US Inc is preparing an alternative plan if a deal to sell wireless assets to Dish Network Corp falls through, according to two sources familiar with the matter.

China to stand firm as trade talks with U.S. restart: state media

Wed, 06/19/2019 - 8:07pm
Upcoming trade talks between the leaders of China and the United States are unlikely to immediately resolve major disagreements between the two sides but could start a new phase in negotiations, Chinese state media said on Thursday.

Exclusive: U.S. tells India it is mulling caps on H-1B visas to deter data rules - sources

Wed, 06/19/2019 - 8:04pm
The United States has told India it is considering caps on H-1B work visas for nations that force foreign companies to store data locally, three sources with knowledge of the matter told Reuters, widening the two countries' row over tariffs and trade.

Senior U.S.-China trade negotiators to confer before Trump-Xi G20 meeting

Wed, 06/19/2019 - 8:01pm
Aiming to jumpstart dormant talks, the top U.S. trade negotiator said on Wednesday he will confer with his Chinese counterpart before next week's meeting between President Donald Trump and Chinese President Xi Jinping in Japan as the two countries take another shot at resolving their damaging trade dispute.

'OBJECTION!' Ex-Trump aide Hicks tight-lipped in U.S. House interview

Wed, 06/19/2019 - 6:51pm
Hope Hicks, formerly one of President Donald Trump's closest aides, repeatedly declined to answer questions on Wednesday in an interview with U.S. congressional investigators, with lawyers at her side carefully orchestrating her responses.

NZ launches gun 'buy-back' scheme for weapons banned after Christchurch mosque attacks

Wed, 06/19/2019 - 6:38pm
New Zealand's government on Thursday launched a multimillion-dollar, six-month "buy-back" scheme to compensate owners of powerful but newly banned semi-automatic weapons prohibited in the wake of deadly attacks on two mosques in the Southern city of Christchurch.

Mexico first to ratify USMCA trade deal, Trump presses U.S. Congress to do same

Wed, 06/19/2019 - 6:35pm
Mexico on Wednesday became the first country to ratify the United States-Mexico-Canada Agreement (USMCA) agreed late last year to replace the North American Free Trade Agreement (NAFTA) at the behest of U.S. President Donald Trump.

BP urges EPA to work with automakers to improve vehicle fuel efficiency

Wed, 06/19/2019 - 5:10pm
BP PLC has urged the head of the U.S Environmental Protection Agency to keep working with automakers to improve vehicle fuel efficiency as the Trump administration considers freezing the requirements at 2020 levels, according to a copy of a letter seen by Reuters.

What changed for the Fed in seven weeks? Trade risks top the list

Wed, 06/19/2019 - 5:05pm
On May 1, the Federal Reserve viewed the American economy as having a solid footing and risks to the outlook were muted.

U.S. Navy says mine fragments suggest Iran behind Gulf tanker attack

Wed, 06/19/2019 - 4:57pm
The United States sought on Wednesday to bolster its case for isolating Iran over its nuclear and regional activities by displaying limpet mine fragments it said came from an oil tanker damaged in an attack last week and saying the ordnance looked Iranian in origin.

Activists urge Google to break up before regulators force it to

Wed, 06/19/2019 - 4:38pm
Shareholder activists on Wednesday urged Google parent Alphabet Inc to break itself up before regulators force the world's biggest internet ad seller to split into different pieces.

Russians, Ukrainian to face murder charges over downing of Flight MH17

Wed, 06/19/2019 - 11:04am
Three Russians and a Ukrainian will face murder charges for the deaths of 298 people aboard Malaysia Airlines Flight MH17 that was shot down over eastern Ukraine in 2014, the international investigative team said on Wednesday.

Ukraine president: I hope MH17 crash suspects will stand trial

Wed, 06/19/2019 - 11:03am
Ukrainian President Volodymyr Zelenskiy said on Wednesday he welcomed murder charges brought against four suspects over the 2014 downing of the MH17 passenger jet over eastern Ukraine, and said he hoped they would stand trial.

U.N. report sees credible evidence linking Saudi crown prince to Khashoggi murder

Wed, 06/19/2019 - 10:56am
Saudi Crown Prince Mohammed bin Salman and other senior Saudi officials should be investigated over the murder of journalist Jamal Khashoggi since there is credible evidence they are liable for his death, a U.N. rights investigator said on Wednesday.