News Trends, News Analysis, News Archive.

Related Articles


Factbox: Trump on Twitter (December 14) - Stock market, federal regulations

The following statements were posted to the verified Twitter accounts of U.S. President Donald Trump, @realDonaldTrump and @POTUS.


EU agrees to extend economic sanctions on Russia until mid-2018

BRUSSELS (Reuters) - European Union leaders agreed on Thursday to prolong for another six months the bloc's economic sanctions on Russia, imposed over the annexation of Ukraine's peninsula of Crimea and Moscow's support for rebels in east Ukraine.


U.S. tax bill to preserve key renewable energy credits, sources say

WASHINGTON (Reuters) - The final version of comprehensive tax legislation being negotiated by House and Senate lawmakers will preserve key renewable energy tax credits that were once at risk of being removed, congressional and business sources said on Thursday.


Federal Communications Commission repeals net neutrality rules

WASHINGTON (Reuters) - The U.S. Federal Communications Commission voted along party lines on Thursday to repeal landmark 2015 rules aimed at ensuring a free and open internet, setting up a court fight over a move that could recast the digital landscape.


UPDATE 3-U.S. Federal Communications Commission repeals net neutrality rules

WASHINGTON, Dec 14 (Reuters) - The U.S. Federal Communications Commission voted along party lines on Thursday to repeal landmark 2015 rules aimed at ensuring a free and open internet, setting up a court fight over a move that could recast the digital landscape.


Wall Street higher on optimism over tax bill, Fed's economic outlook

(Reuters) - Wall Street indexes hovered around record levels on Thursday, perked up by the Federal Reserve's upbeat view on the economy and news that the Republicans' tax code overhaul is set to face final votes in Congress before the year-end.


US STOCKS-Wall St higher on optimism over tax bill, Fed's economic outlook

* Weekly jobless claims fall; Nov. retail sales beat estimates


Federal Communications Commission set to reverse net neutrality rules

WASHINGTON (Reuters) - The U.S. Federal Communications Commission is expected on Thursday to rescind net neutrality rules championed by Democratic former President Barack Obama that barred the blocking or slowing of internet traffic.

United States Economy

Op-Ed Contributor: The Global Economy Is Partying Like It’s 2008

The factors that caused the Great Recession are at play again today.

Yellen: Tax plan could make it harder to fight a recession

Alabama, White House, Janet Yellen: Your Wednesday Evening Briefing

Here’s what you need to know at the end of the day.


UPDATE 2-Lilly's 2018 forecast beats on strength of new drugs

Dec 13 (Reuters) - Eli Lilly and Co on Wednesday forecast 2018 profit and revenue ahead of Wall Street estimates on strong demand for recently launched drugs such as Trulicity and Taltz.


BRIEF-Renesola Secures Financing From Sequoia Economic Infrastructure Income Fund For Poland Projects


United States Economy

The Fed and Interest Rates: What to Watch For Today

The Federal Reserve is expected to raise its benchmark interest rate by a quarter point, and to issue a new economic forecast.


Trump's push to cut federal jobs has modest impact, mostly in defense

WASHINGTON (Reuters) - President Donald Trump's campaign to shrink the "bloated federal bureaucracy" so far has made a small dent in the federal workforce, and that largely because of a decline in civilian defense jobs.

United States Economy

Economic Scene: Tax Plan’s Biggest Cuts Could Be in Living Standards

Cutting taxes is mostly an exercise in slicing the economic pie a different way, not making it bigger, with gains for a few offset by losses for many.

United States Economy

Treasury Defends Tax Plan in One-Page Analysis

A long-awaited document says the $1.5 trillion plan will pay for itself, assuming robust economic growth from a host of policies yet to be enacted.

United States Economy

A Fed Rate Increase Is Expected. But What Comes Next?

The Federal Reserve has signaled its move this week. Investors, though, want to know whether the central bank will continue with its patient approach to rates.

Federal Reserve System

Janet Yellen Didn’t Set Out to Be a Feminist Hero

The Federal Reserve chair (don’t call her “chairwoman”) quietly achieved rock-star status. Now that she’s leaving, her many fans are sad to see her go.


Firefighters race to contain California wildfires as winds set to strengthen

VENTURA, Calif. (Reuters) - Firefighters in Southern California were under pressure on Saturday to contain six raging wildfires, which have destroyed hundreds of buildings and forced tens of thousands of people to flee, before fierce winds are expected to strengthen again.


China's Xinjiang halts mining in nature reserve to curb pollution: Xinhua

BEIJING (Reuters) - China's far western Xinjiang region has suspended mining in one of its big nature reserves, the official Xinhua news agency reported, amid rising environmental concerns.


Wall Street rises as jobs data shows strength in economy

(Reuters) - U.S. stocks were pushed higher on Friday by a stronger-than-expected jobs data for November, which indicated improving economic fundamentals at the world's largest economy in the run up to a near certain interest rate hike next week.

United States Economy

Economic View: An Economist Explains: How to Sort Facts From Fictions

Numbers are not always reliable, and politics get in the way. Here is advice from an expert on the most solid sources for tracking the economic debate.

United States Economy

What to Watch For in Friday’s Jobs Report

Economists expect the report to show that the economy added about 200,000 jobs in November, a modest slowdown from October’s 261,000.


U.S. delays rule on methane emissions from federal lands

WASHINGTON (Reuters) - The Trump administration will delay an Obama-era rule limiting emissions of the powerful greenhouse gas methane from oil and gas operations on federal and tribal lands, it said on Thursday, a move slammed by environmentalists.


UPDATE 4-Budweiser maker Anheuser-Busch reserves 40 Tesla electric trucks

Dec 7 (Reuters) - Budweiser beer maker Anheuser-Busch has reserved 40 Tesla Inc all-electric Semi trucks as it seeks to reduce fuel costs and vehicle emissions, the brewer said on Thursday.


UPDATE 3-Budweiser maker Anheuser-Busch reserves 40 Tesla electric trucks

Dec 7 (Reuters) - Budweiser beer maker Anheuser-Busch has reserved 40 of Tesla Inc's all-electric Semi trucks as it seeks to reduce fuel costs and vehicle emissions, the brewer said on Thursday.


Budweiser maker Anheuser-Busch reserves 40 Tesla electric trucks

(Reuters) - Budweiser beer maker Anheuser-Busch has reserved 40 of Tesla Inc's all-electric Semi trucks as it seeks to reduce fuel costs and vehicle emissions, the brewer said on Thursday.


UPDATE 1-Budweiser maker Anheuser-Busch reserves 40 Tesla electric trucks

Dec 7 (Reuters) - Budweiser beer maker Anheuser-Busch has reserved 40 of Tesla Inc's all-electric Semi trucks as it seeks to reduce fuel costs and vehicle emissions, the brewer said on Thursday.


California Fires Live Updates: ‘Extreme’ Threat as Wind Gains Strength

Los Angeles and other cities in Southern California are bracing for winds so strong “there will be no ability to fight fire,” the state’s firefighting chief warned.


Budweiser maker Anheuser-Busch reserves 40 Tesla electric trucks: WSJ

(Reuters) - Anheuser-Busch, which makes Budweiser beers, has reserved 40 of Tesla Inc's all-electric Semi trucks as it seeks to reduce fuel costs and vehicle emissions, the Wall Street Journal reported on Thursday.


BRIEF-Orbital ATK Receives Second Request From Federal Trade Commission


Federal Taxes (US)

Economic Scene: Tax Plan Aims to Slay a Reagan Target: The Government Beast

By denying deductions for state and local taxes, the Republicans seek to force high-tax states run by Democrats to capitulate.


Russia's Olympic ban strengthens Putin's re-election hand

MOSCOW (Reuters) - Opinion polls show Vladimir Putin is already a shoo-in to win a fourth presidential term. But a ban on Russia taking part in the Winter Olympics is likely to make support for him even stronger, by uniting voters around his message: The world is against us.


BRIEF-The Federal Court Of Appeals Has Ruled To Uphold The Suspension Order Against The Volta Grande Project Construction Licence



Growing length of U.S. freight trains in federal crosshairs after crashes: GAO

SEATTLE (Reuters) - The investigative arm of the U.S. Congress is launching a probe into the safety of increasingly long freight trains being operated by CSX Corp , Union Pacific Corp and other major U.S. railroads to boost profitability, the U.S. Government Accountability Office (GAO) said.

Undocumented immigrant who killed woman was indicted on federal charges in case

The undocumented immigrant who fatally shot a young San Francisco woman at a popular tourist spot two years ago has been indicted on two federal charges in connection with the controversial case.


Illegal immigrant indicted on federal charges after San Francisco murder acquittal

WASHINGTON (Reuters) - A grand jury on Tuesday indicted on federal charges an illegal immigrant from Mexico who was acquitted last week of murder by a San Francisco jury, the U.S. Justice Department said in a statement.


U.S. rejects federal protection for white-tailed prairie dogs

PINEDALE, Wyo. (Reuters) - The white-tailed prairie dog will not be declared an endangered or threatened species after the U.S. government deemed on Tuesday there was no danger despite declines in its population from human development and disease.


UPDATE 2-BMO's quarterly adjusted profit tops on retail strength

Dec 5 (Reuters) - Bank of Montreal, Canada's fourth-biggest lender, on Tuesday reported a quarterly adjusted profit that beat analysts' estimates, helped by higher income from its main retail business.


UPDATE 1-Qatar says 2018 budget will focus on resisting economic boycott

* Finance minister pledges never to leave Qatar vulnerable again

Fight female genital mutilation with economics

Seleiman Bishagazi never enjoyed the benefits of a university education, but he's smarter on a basic human rights issue than nearly anyone I've met in the world.


EMERGING MARKETS-Dollar strength pressures emerging currencies, lira worst hit

LONDON, Dec 4 (Reuters) - Emerging equities rose from two-week lows on Monday helped by a key growth-boosting U.S. tax overhaul, but currencies fell against the stronger dollar, led by the Turkish lira under pressure from rising inflation.

Generic Brands and Products

Economic View: Why Trying New Things Is So Hard to Do

Most people make relatively few personal experiments, in both small and big things. The cost of passivity is enormous.


Protesters call for Trump to preserve Utah monument areas

SALT LAKE CITY, Utah (Reuters) - More than 5,000 people rallied on the steps of the Utah State Capitol on Saturday afternoon to protest U.S. President Donald Trump's expected shrinking of two national monument areas in the state.

Senate may strengthen Obamacare

DOJ considers federal charges against undocumented immigrant acquitted of murder

The Justice Department is considering bringing federal charges against Jose Ines Garcia Zarate, the man found not guilty in Kate Steinle's murder Thursday night, DOJ spokesperson Sarah Flores told CNN.


Senate grapples with tax cut plan's impact on federal deficit

WASHINGTON (Reuters) - U.S. Senate Republicans will grapple on Friday with the possibility of adding a tax increase to sweeping legislation meant to cut taxes on businesses and individuals, aiming to win support from fiscal conservatives worried about its impact on the federal deficit.

Nonpartisan analysis suggests measure would spur economic growth but not enough to cover its cuts


U.S. Interior Dept. says federal energy, mineral revenues rose by $1 billion

WASHINGTON (Reuters) - Energy and mineral production on federal and tribal land generated $7.1 billion in disbursements in fiscal year 2017, $1 billion more than the previous year, the U.S. Interior Department said on Thursday.


BRIEF-Intellipharmaceutics launches additional strengths of generic Focalin XR in U.S.​


United States Economy

It Started as a Tax Cut. Now It Could Change American Life.

An overhaul championed by President Trump and Republican leaders could reshape health care, education and social services.

Courts and the Judiciary

Op-Ed Contributor: Conservatives Should Oppose Expanding the Federal Courts

A proposal to create hundreds of new judgeships to undo President Barack Obama’s judicial legacy is wrongheaded and based on false assumptions.


U.S. third-quarter economic growth fastest in three years

WASHINGTON (Reuters) - The U.S. economy grew faster than initially thought in the third quarter, notching its quickest pace in three years, buoyed by robust business spending on equipment and an accumulation of inventories.


Yellen: Recovery 'increasingly broad based' in both U.S. and worldwide

WASHINGTON (Reuters) - The U.S. economy has gathered steam this year and will warrant continued interest rate increases amid a strengthened global recovery, outgoing Federal Reserve Chair Janet Yellen told Congressional leaders on Wednesday in her final scheduled testimony on Capitol Hill.

United States Economy

Trump Sells Tax Plan as ‘Rocket Fuel’ as Economy Strengthens

President Trump says the country needs a tax cut to boost economic growth, but the economy already is humming, unemployment is low and inflation may be picking up.


Exclusive: Goldman strengthens Italy foothold with bigger Milan office - sources

LONDON (Reuters) - Goldman Sachs is poised to sign a lease for a new office in Milan that will significantly boost its presence in Italy as Britain prepares to leave the European Union, sources familiar with the matter told Reuters.

United States Economy

Yellen Says Economic Expansion Has Gained Strength

Janet L. Yellen, the Federal Reserve chairwoman, told Congress that economic growth broadened in recent months, but could be doing better.

Politics and Government

As President Is Finally Inaugurated, Kenyans Are Feeling Economic Pain

Kenya’s protracted election badly hit the economy, affecting people across the social spectrum.

Shopping and Retail

Economic Scene: Retail Jobs Don’t Need to Be Bad. Here’s Proof.

Other industrialized countries offer an example, providing better wages and conditions for retail workers while employers still profit.


Wall Street hovers at records; energy losses counter Amazon strength

(Reuters) - Wall Street's major indexes were little changed on Monday after retreating from record highs set during the session as gains for Amazon were countered by losses in shares of chipmakers and energy companies.


US STOCKS-Wall St hovers at records; energy losses counter Amazon strength

* Dow up 0.09 pct, S&P down 0.03 pct, Nasdaq down 0.15 pct (Updates to late afternoon)


BRIEF-Lonestar Resources Says ‍Proved Reserves At June 30, 2017 Increased To 76.8 MMBOE​


United States Economy

Editorial: The Republican Tax on the Future

More debt, a growing trade deficit, factories moving overseas — that’s no way to make America great.


Mexico creates marine reserve around islands called 'Galapagos of North America'

MEXICO CITY (Reuters) - Mexico's government has created a marine park the size of Illinois in the Pacific, the largest ocean reserve in North America for the conservation of giant rays, whales and turtles, including dozens of species endemic to the area.

Federal Courts (US)

Contributing Op-Ed Writer: A Conservative Plan to Weaponize the Federal Courts

Forcing a shift to the right by packing the courts with more Trump-appointed judges would undermine the judiciary’s legitimacy.


France's strength in depth gives them the edge against Goffin's Belgium

PARIS (Reuters) - France's strength in depth makes them the favorites for this week's Davis Cup final against Belgium, who will need David Goffin to be at his very best to stand a chance in the three-day showdown in Lille.

United States Military Academy

Economic View: Laptops Are Great. But Not During a Lecture or a Meeting.

A growing body of evidence shows that college students generally learn less when they use computers or tablets during lectures. That is probably true in workplace meetings, too.

Patent and Trademark Office (US)

Economic Scene: Patent ‘Trolls’ Recede as Threat to Innovation. Will Justices Change That?

Created to keep invalid claims from hurting companies, consumers and the economy, a government panel faces an existential threat in a case before the Supreme Court.

Yellen, Janet L

As Her Last Day With the Fed Nears, Janet Yellen Looks Back on Her First

The Fed chairwoman, Janet Yellen, answered questions about policy and her life in economics one day after announcing plans to step down next year.


'Very uncertain' Yellen still predicts U.S. inflation rebound

NEW YORK (Reuters) - Federal Reserve Chair Janet Yellen stuck by her prediction that U.S. inflation will soon rebound but offered on Tuesday an unusually strong caveat: she is "very uncertain" about this and is open to the possibility that prices could remain low for years to come.


Fed close to goals, sees dual risks as it hikes rates: Yellen

NEW YORK (Reuters) - The Federal Reserve is "reasonably close" to its goals and should keep gradually raising U.S. interest rates to avoid the dual pitfalls of letting inflation drift below target for too long, and of driving unemployment down too far, Fed Chair Janet Yellen said on Tuesday.


France's Macron tells Iran, Israel leaders of need to preserve Lebanon's stability

PARIS (Reuters) - French President Emmanuel Macron told the leaders of Iran and Israel in separate telephone calls that it was vital to keep Lebanon disassociated from regional crisis and urged all countries in the region to work collectively to reduce tensions.


BRIEF-Capstar Financial delivers letter to Board of Governors of Federal Reserve System ​

* Capstar Financial Holdings says on Nov 20, ‍counsel for Co delivered letter to Board Of Governors of Federal Reserve System ​- SEC filing

How Janet Jackson lost 70 pounds

Janet Jackson's dance moves aren't the only thing garnering applause from fans during her "State of the World" tour.


Yellen to leave Fed board once successor Powell sworn in

WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen said on Monday she will resign her seat on the Fed's Board of Governors once Jerome Powell is confirmed and sworn in to replace her as head of the U.S. central bank.


Yellen to leave Fed board once Powell sworn in as central bank chief

WASHINGTON (Reuters) - U.S. Federal Reserve Chair Janet Yellen will leave her seat on the central bank's Board of Governors once Jerome Powell is confirmed and sworn in to replace her as head of the Fed, the central bank and Yellen announced on Monday.

Federal Reserve System

Yellen to Leave Federal Reserve in February

Janet L. Yellen, the Federal Reserve chairwoman, said she would leave the Fed when her four-year term as chairwoman ends in February.


BRIEF-Gazit-Globe reports Q3 economic FFO per share of NIS 0.95

* Qtrly economic FFO totaled NIS 186 million (US$ 53 million), or NIS 0.95 per share (US$ 0.27 per share)‍​


Iraqi Federal Court rules Kurdish referendum unconstitutional

BAGHDAD (Reuters) - Iraq's Supreme Federal Court ruled on Monday that a referendum held on Kurdish independence was unconstitutional and that the results of the vote were void, a court spokesman said.


BRIEF-Pepper Group says Federal Court Of Australia​ has approved acquisition by Red Hot Australia Bidco

* ‍Scheme of arrangement approved by Federal Court of Australia


I went to Brazil for a bath, says McLaren reserve Norris

(Reuters) - A canceled Formula One tire test meant McLaren reserve Lando Norris effectively flew all the way from Britain to Brazil this week just to take a bath.


Ivory Coast to expel cocoa farmers from largest forest reserve

ABIDJAN (Reuters) - Top cocoa producer Ivory Coast will launch an operation to expel thousands of illegal farmers from the Goin-Debe forest reserve, the West African nation's largest, a government spokesman said on Thursday.


Federal judge limits St. Louis police conduct during protests

(Reuters) - A federal judge ruled Wednesday that St. Louis police cannot shut down non-violent demonstrations and employ chemical agents to punish protesters, dealing a victory to a civil liberties group that challenged the police response to protests.

Tax Plan, Robert Mugabe, Rancho Tehama Reserve: Your Wednesday Briefing

Here’s what you need to know to start your day.


Japan Extends Economic Growth Streak

The country’s businesses have benefited from stimulus measures and rising global demand, as output expanded for a seventh consecutive three-month period.


CEE MARKETS-Euro strength stifles currency rise on robust Q3 GDP data

* Romania Q3 GDP leads with 8.8 pct annual growth * Advance of CEE currencies flounders as euro rallies * Banca Transilvania leads equities gain in Bucharest * Hungarian central bank still expected to ease policy (Recasts with retreat of currencies, Romanian bonds and equities) By Sandor Peto and Radu-Sorin Marinas BUDAPEST/BUCHAREST, Nov 14 (Reuters) - Central European currencies mostly gave up their early gains on Tuesday as many investors preferred buying the euro af

United States Economy

DealBook: Navigating a Breathtaking Level of Global Economic Change

Managing rapid change wrought by politics, technology and social media is testing the business world’s best and brightest.

Criticism mounts as federal judge nominee fails to disclose wife's White House ties

President Donald Trump's nominee for an Alabama federal court judgeship is being criticized for not disclosing in his confirmation process his wife's role in the White House.


Man pleads guilty to U.S. Army Reserve weapons theft, jail escape

BOSTON (Reuters) - A Massachusetts man has pleaded guilty to charges that he stole weapons from a U.S. Army Reserve facility, escaped from jail awaiting trial for the theft and then tried to rob two banks, federal prosecutors said on Monday.


South Africa's Zuma again denounces "monopoly" white economic power

JOHANNESBURG (Reuters) - South African President Jacob Zuma reiterated a call on Monday for radical reforms to shift the balance of "monopoly" economic power away from whites who dominated under apartheid, saying without such change blacks would stay poor for a long time.


BRIEF-MolMed S.p.A. says submitted utilization request on fourth tranche of share capital increase to be reserved to Societe Generale

* ‍submitted utilization request concerning fourth tranche of share capital increase to be reserved to societe generale​

The Daily

The Daily: Listen to ‘The Daily’: The Tax Bill and Trickle-Down Economics

The House speaker, Paul D. Ryan, says the Republican plans would help the middle class. But that assumes that savings for the wealthy would percolate through the system.


RPT-COLUMN-Yellen, Draghi, Carney and Kuroda walk into a conference...: McGeever

LONDON, Nov 10 (Reuters) - Although the process of raising interest rates and tightening monetary policy has begun, communication remains just as potent a weapon in central banks' arsenal as their policy actions.

3 US carriers in show of strength in Pacific

Three US Navy aircraft carriers put on show of strength in the Western Pacific Ocean over the weekend, the first time three of the 100,000-ton behemoths have sailed together in a decade.

Talley, Brett

Trump Nominee for Federal Judgeship Has Never Tried a Case

The nominee, Brett Talley, was approved by a Senate committee despite his unanimous “not qualified” rating from the American Bar Association.


Italy's populist 5-Star strengthens lead after Sicily vote: poll

MILAN (Reuters) - The outcome of local elections in Sicily has further weakened the ruling party of former Prime Minister Matteo Renzi and strengthened the populist 5-Star Movement's lead, a poll conducted after the regional vote showed.


Rare Bornean clouded leopards caught on camera in Malaysian reserve

KUALA LUMPUR (Reuters) - A Bornean clouded leopard and her two cubs were captured on camera strolling through a Malaysian forest reserve last week, a rare daytime sighting of the elusive animals in the wild.


CORRECTED-UPDATE 2-News Corp profit beats on digital real estate unit strength

Nov 9 (Reuters) - Wall Street Journal owner News Corp reported a better-than-expected quarterly profit on Thursday, driven by a tight control on expenses and growth in revenue across all its businesses.


EU to preserve Iran nuclear deal: Mogherini

SAMARKAND, Uzbekistan (Reuters) - The European Union will make sure that the Iran nuclear deal "will continue to be fully implemented by all, in all its parts", the European Union's foreign policy chief said on Friday.


UPDATE 1-Hyundai considers adding SUVs, pickup to U.S. factory - Seoul Economic Daily

SEOUL, Nov 10 (Reuters) - South Korea's Hyundai Motor Co is considering building its Tucson and Kona sport utility vehicles and its pickup truck at its sole U.S. factory to reverse a sales slump, Seoul Economic Daily reported on Friday.


Hyundai considers adding SUVs, pickup to U.S. factory: Seoul Economic Daily

SEOUL (Reuters) - South Korea's Hyundai Motor Co is considering building its Tucson and Kona sport utility vehicles and its pickup truck at its sole U.S. factory to reverse a sales slump, Seoul Economic Daily reported on Friday.


Hyundai considers adding SUVs, pickup to U.S. factory - Seoul Economic Daily

SEOUL, Nov 10 (Reuters) - South Korea's Hyundai Motor Co is considering building its Tucson and Kona sport utility vehicles and its pickup truck at its sole U.S. factory to reverse a sales slump, Seoul Economic Daily reported on Friday.


News Corp profit beats on digital real estate unit strength

(Reuters) - Wall Street Journal owner News Corp reported a better-than-expected quarterly profit on Thursday, driven by a tight control on expenses and growth in revenue across all its businesses.


UPDATE 2-News Corp profit beats on digital real estate unit strength

Nov 9 (Reuters) - Wall Street Journal owner News Corp reported a better-than-expected quarterly profit on Thursday, driven by a tight control on expenses and growth in revenue across all its businesses.


Prescription-strength steroid creams sold without prescription

(Reuters Health) - Although the U.S. requires prescriptions for topical steroids with more than a 0.5% concentration, much stronger and potentially harmful steroid creams are not hard to find without a prescription, doctors report.

Trump: Current economic relationship 'one-sided and unfair'

In an address to business leaders in Beijing, President Trump said he doesn't blame China for "taking advantage" of the US over trade.

United States Economy

The New Washington Drama: Treasury Secretary Versus Treasury Secretary

Former Treasury Secretary Larry Summers has become a vocal critic of the sitting one, Steven Mnuchin, raising eyebrows as he upends political comity.


Turkey, France and Italy to strengthen cooperation on missile defense: sources

ISTANBUL (Reuters) - Turkey signed a letter of intent with France and Italy on Wednesday to strengthen cooperation on joint defense projects including air and missile defense systems, Turkish defense ministry sources said.

Labor and Jobs

Op-Ed Contributor: Why the U.S. Needs a Federal Jobs Program, Not Payouts

Public employment would be a national investment with a high rate of return.


Exclusive: Japan's MUFG gets nod to bring U.S. state branches under federal regulation

NEW YORK (Reuters) - Japan's Mitsubishi UFJ Financial Group Inc (MUFG) has received approval from the U.S. Office of the Comptroller of the Currency (OCC) to convert its branches in four states into federally regulated ones, a spokesman for Japan's largest bank confirmed.


BRIEF-Kentucky First Federal Bancorp reports quarterly EPS of $0.03

* Qtrly ‍net interest income $2.4 million vs $2.5 million Source text for Eikon: Further company coverage:


Aramco oil reserves audit two-thirds complete, may not be finished in 2017 -sources

LONDON/DUBAI, Nov 7 (Reuters) - An audit of Saudi Aramco's oil reserves is unlikely to be completed before the end of 2017 because of the huge scale of the task, sources familiar with the matter said, a later timeframe than previously indicated.

Bundy, Cliven

Federal Trial Begins for the Nevada Rancher Cliven Bundy

A guilty verdict for Mr. Bundy could reinforce Washington’s control of 640 million acres of public land, while an acquittal could embolden those who ignore federal rules.


Iraq cabinet plans to cut Kurdistan share in 2018 federal budget

BAGHDAD/ERBIL, Iraq (Reuters) - Iraq's cabinet proposed on Sunday to slash the Kurdish share of the country's revenue in the 2018 federal budget, a move that Kurdish officials said was aimed to further punish them for a Sept. 25 referendum on independence.


Saudi says reserves right to respond to Iran 'hostile actions'

DUBAI (Reuters) - Saudi Foreign Minister Adel al-Jubeir said on Monday his country reserved the right to respond to Iran's "hostile actions", an apparent reference to a missile fired by Yemen's Houthis who Saudi Arabia says are armed by Iran.


Norris replaces Button as McLaren reserve driver

LONDON (Reuters) - British teenager Lando Norris will replace retired world champion Jenson Button as McLaren's test and reserve driver next season, the Formula One team announced on Monday.

Medicine and Health

The New Health Care: Don’t Nudge Me: The Limits of Behavioral Economics in Medicine

Getting patients to follow a medication regimen can be harder than people imagine, studies show.


Trump seeks better economic ties with Tokyo, says 'Japan has been winning' on trade

TOKYO (Reuters) - U.S. President Donald Trump said on Monday that he would discuss how to improve economic ties between America and Japan, saying that "Japan has been winning" on trade in recent decades.


Yellen's bequest: A healthy economy but questions over future policy for Fed

WASHINGTON (Reuters) - U.S. Federal Reserve Governor Jerome Powell will inherit healthy economic growth and a consensus on monetary policy at least for the next few months, if he is confirmed by the Senate as the next Fed chair when Janet Yellen's term expires in February.


Sacked Catalonia leader turns himself in, polls show independence strength

BRUSSELS/MADRID/BARCELONA (Reuters) - Sacked Catalonia leader Carles Puigdemont and four associates turned themselves in to Belgian police on Sunday, following Spain's issuing of an arrest warrant for rebellion and sedition.


Saudi Finance Ministry says crackdown preserves investment climate

RIYADH, Nov 5 (Reuters) - Saudi Arabia's Finance Ministry said on Sunday that the kingdom's decision to set up an anti-corruption committee and detain prominent figures enhanced confidence in the rule of law, Al Arabiya television reported.

United States Economy

Editorial: A Good Choice for the Fed. But if Only …

President Trump could have done better by offering Janet Yellen, who has done a terrific job, a second term.


IMF warns Venezuela over gaps in economic data, transparency

WASHINGTON (Reuters) - The International Monetary Fund issued a warning to Venezuela on Friday for failing to provide the institution with economic data on time and gave it six months to address the lack of some statistics.


EMERGING MARKETS-LatAm FX down as U.S. economic data overshadows wages

By Bruno Federowski SAO PAULO, Nov 3 (Reuters) - Latin American currencies weakened on Friday after upbeat data on U.S. services and manufacturing overshadowed tepid wage growth. U.S. services activity rose at the fastest pace since August 2005 in October, according to the ISM report on the nation's non-manufacturing sector, easily outpacing analysts' expectations. Along with data showing rising factory orders, the report fueled hopes of increasing strength in the U.S. economy t


AIG's $836 million reserve boost surprises investors; shares sink

(Reuters) - American International Group Inc shares sank 4.5 percent on Friday as investors reacted to a surprise $836 million boost to the insurance giant's reserves, related to prior-year accident claims.

United States Economy

A Tax Cut That Lifts the Economy? Opinions Are Split

Economists are still parsing the details of the G.O.P. tax plan, but even some ardent supporters say expectations about heady growth and job gains are exaggerated.


CORRECTED-AIG swings to quarterly loss, adds $836 mln to reserves

Nov 2 (Reuters) - American International Group Inc swung to a quarterly loss as the insurer booked huge catastrophe losses, and said it set aside $836 million to meet losses related to prior-year accident claims.


AIG swings to quarterly loss, adds $836 million to reserves

(Reuters) - American International Group Inc swung to a quarterly loss as the property and casualty insurer booked huge catastrophe losses, and said it set aside $836 million to meet losses related to prior-year accident claims.


UPDATE 3-Yum profit buoyed by strength at KFC, shares jump

Nov 2 (Reuters) - Yum Brands Inc beat Wall Street's third-quarter profit target as KFC, Taco Bell and Pizza Hut restaurant sales topped expectations, sending shares up nearly 8 percent to a record high on Thursday.


Trump expected to name Powell as next Federal Reserve chair on Thursday

WASHINGTON (Reuters) - President Donald Trump is expected on Thursday to nominate Jerome Powell as the next head of the Federal Reserve, putting his own stamp on the leadership of the U.S. central bank while signaling continuity on monetary policy.


BRIEF-Legacy reserves Lp report Q3 loss per share of ‍$0.53​

* Legacy Reserves Lp announces third quarter 2017 results, extension of second lien availability and updated financial guidance

Federal Reserve System

Federal Reserve Leaves Interest Rate Unchanged as Leadership Change Looms

The Fed signaled a rate hike remains likely for December as the White House prepared to announce a new chairman.


Trump says current Fed chair Yellen is 'excellent'

WASHINGTON (Reuters) - President Donald Trump said on Wednesday he thought Federal Reserve Chair Janet Yellen was "excellent" but declined to say who was his pick to lead the U.S. central bank ahead of a planned announcement on Thursday afternoon.


BRIEF-AAR Corp - Court Of Federal Claims (COFC) entered judgment in favor of U.S. Government

* AAR Corp - Court Of Federal Claims (COFC) entered judgment in favor of U.S. Government, upholding award of WASS by U.S Department Of State


Cognizant beats earnings estimates on digital services strength

(Reuters) - IT services firm Cognizant on Wednesday reported a higher-than-expected profit for the third quarter, driven by demand for its digital and cloud services as well as higher spending from its healthcare and financial clients.


EMERGING MARKETS-Economic data, Fed lift emerging stocks to 2-week high

LONDON, Nov 1 (Reuters) - Emerging stocks rose to a two-week high on Wednesday, fuelled by data showing that economic expansion was intact in many developing nations, although currencies fared more mixed against a tepid dollar ahead of a U.S. Federal Reserve meeting.

Great Britain Withdrawal from EU (Brexit)

What’s the Economic Cost of Brexit? Pineapples Tell a Tale

As Britain pursues an exit from the European Union, higher costs on imported goods and uncertainty about trade have conspired to weaken its economy.


Asia shares extend gains on economic optimism, oil firm

TOKYO (Reuters) - Asian shares looked set to extend their gains into a fourth straight day on Wednesday on the back of solid economic growth, while oil prices were on a bull run on hopes of an extension of output cuts by major oil producers.

International Trade and World Market

Economic Scene: Trump’s Trade Endgame Could Be the Undoing of Global Rules

Embracing bilateral agreements as a way to avoid trade deficits is a throwback to the 1980s. That era’s failures are a lesson for this administration.


Where socioeconomic development lags, vision problems are more common

(Reuters Health) - Low levels of socioeconomic development are closely linked with a high burden of vision impairment, a recent study involving 190 countries and territories suggests.

Fish and Other Marine Life

Loss of Federal Protections May Imperil Pacific Reefs, Scientists Warn

Fisheries officials call the marine national monuments unnecessary, and their boundaries are said to be under review by the Trump administration.

United States Defense and Military Forces

Federal Judge Blocks White House Policy Barring Transgender Troops

A presidential memorandum said the military could discharge transgender service members by March 2018.


Tech firms must do more on extremism: World Economic Forum

WASHINGTON (Reuters) - U.S. tech firms such as Facebook Inc and Twitter Inc should be more aggressive in tackling extremism and political misinformation if they want to avoid government action, a report from the World Economic Forum said on Monday.


Tech firms must do more on extremism - World Economic Forum

WASHINGTON, Oct 30 (Reuters) - U.S. tech firms such as Facebook Inc and Twitter Inc should be more aggressive in tackling extremism and political misinformation if they want to avoid government action, a report from the World Economic Forum said on Monday.


German prize honors transformation of Iron Curtain to nature reserve

BERLIN (Reuters) - Once known as the "death strip," a 1,400-km long swatch of land that marked the former border between East and West Germany is now a refuge for a broad variety of flora and fauna.

A federal grand jury has approved the first charges, and someone could be in custody by Monday, sources say

A federal grand jury in Washington, DC, on Friday approved the first charges in the investigation led by special counsel Robert Mueller, according to sources briefed on the matter.


BRIEF-First Federal Of Northern Michigan Bancorp posts Q3 earnings $0.11/shr

Oct 27 (Reuters) - First Federal Of Northern Michigan Bancorp Inc


BRIEF-Morneau Shepell​ issues statement on contracts with Canadian federal govt.

* ‍Morneau Shepell​ issues statement regarding its contracts with Canadian federal government


Inventories, trade support U.S. third-quarter economic growth

WASHINGTON (Reuters) - The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction.

United States Economy

U.S. Economy Grew at 3% Rate in 3rd Quarter, Despite Storms

Economists initially expected that Hurricanes Harvey and Irma would deal a blow to the country’s steady growth.

United States Economy

Trump’s Latest Show: Choosing a Fed Chairman

President Trump is very publicly deliberating who should lead the Federal Reserve, breaking with the practice of past administrations.


Federal judge strikes down two abortion restrictions in Alabama

(Reuters) - A U.S. judge on Thursday struck down two abortion restrictions in Alabama that limited how close clinics can be to public schools and banned a procedure used to terminate pregnancies in the second trimester.


Intel lifts full-year forecasts on data center strength

(Reuters) - Intel Corp , the world's largest computer chipmaker, raised its full-year revenue and profit forecasts, helped by strong growth in its data center business.


BRIEF-Endo files federal lawsuit to obtain FDA compliance

* Endo files federal lawsuit to obtain FDA compliance with drug quality and security act of 2013

Tiny firm's $300 million contract with Puerto Rico under federal review


BRIEF-Excelsior Mining’s Gunnison Copper Project receives draft federal EPA permit

* Excelsior Mining’s gunnison copper project receives draft federal EPA permit


Bipartisan Obamacare fix would reduce federal deficit: government agency

WASHINGTON (Reuters) - A U.S. Senate bipartisan proposal that would provide a short-term fix to Obamacare would reduce the federal deficit by $3.8 billion over the next decade, a nonpartisan government agency estimated on Wednesday.


Nikkei set for 17th day of gains on U.S. economic optimism

* Komatsu, Hitachi Construction gain after Caterpillar's profits


METALS-London copper steady, China economic prospects underpin

BEIJING/MELBOURNE, Oct 25 (Reuters) - London copper was steady on Wednesday, after hitting its highest in a week in the previous session, on encouraging prospects for economic growth in China, the world's top consumer of metals. FUNDAMENTALS * LME COPPER: Three-month copper on the London Metal Exchange was down 0.02 percent at $7,034 a tonne, by 0218 GMT, after rising 0.4 percent in the previous session when it touched a one-week high and came within the reach of three-

Illegal Immigration

Economic Scene: Expelling Immigrant Workers May Also Send Away the Work They Do

American-born workers probably won’t benefit from a job bonanza if laborers who are in the United States illegally, especially farmworkers, are deported, most research has shown.


UPDATE 2-Centene tops profit estimates on strength in Obamacare business

* 3rd-qtr adj. EPS $1.35 vs. estimate $1.25 (Adds analyst comment, details on health benefits ratio)


BRIEF-Basf says seeking to strengthen ag business further

* CEO says will look to strengthen agriculture business further after Bayer deal


End of Apartheid in South Africa? Not in Economic Terms

Political liberation has yet to translate into material gains for blacks. As one woman said, “I’ve gone from a shack to a shack.”


Canada's Liberals win Quebec seat in sign of pre-election strength

OTTAWA (Reuters) - Canada's ruling Liberals won a special election in Quebec on Monday, picking up a parliamentary seat in a province where insiders say the party needs to do better if it is to retain power in a 2019 federal election.

Is Janet Jackson banned from the Super Bowl?

Justin Timberlake and Janet Jackson have both survived 'Nipplegate'

The internet still wants Justin Timberlake to apologize to Janet Jackson for Nipplegate, but it looks like she's doing just fine.





Trump says will decide on Federal Reserve chair 'very shortly'

WASHINGTON (Reuters) - U.S. President Donald Trump said he would make his choice to lead the Federal Reserve soon and was still weighing at least three people: Federal Reserve Governor Jerome Powell, Stanford University economist John Taylor and current Federal Reserve Chair Janet Yellen.


Taiwan nudges up 2017 economic growth forecast to 2.15 pct

Taipei, Oct 23 (Reuters) - Taiwan's central bank edged up its economic growth forecast for 2017 to 2.15 percent from 2.11 percent, thanks to buoyant export orders which are underpinned by a global economic upswing and strong demand for electronics.

Islamic Revolutionary Guards Corps

Iran Saps Strength of Revolutionary Guards With Arrests and Cutbacks

The elite military group drove the Iranian economy at the peak of the sanctions era. Now, seen as a drag on growth, it is under attack by President Hassan Rouhani.


Federal judge in Hawaii expands block on Trump travel ban

(Reuters) - A federal judge in Hawaii extended his halt of U.S. President Donald Trump's travel ban on citizens from six Muslim-majority countries.

MGM ordered to preserve evidence connected to Las Vegas shooting

A Nevada judge granted a temporary restraining order against MGM on Thursday, ordering the company to preserve all evidence in its possession related to this month's mass shooting in Las Vegas.


U.S. tax plan hopes lift stocks, dollar strengthens

NEW YORK (Reuters) - World stocks advanced, bond yields rose and the U.S. dollar strengthened on Friday on increased hopes President Donald Trump could make progress on his fiscal plans after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.

United States Economy

Yellen Says Reduction of Bond Portfolio Going Well

The Federal Reserve began to reduce its bond holdings this month. Janet Yellen, the Fed’s chairwoman, said it is making “good progress.”


Stock market's future in Trump's hands as Federal Reserve chair pick looms

NEW YORK (Reuters) - Investors awaiting the nomination of the next Federal Reserve chair are hoping whoever is nominated pursues the same monetary policy that has supported rising stock prices for the past nine years.


Yellen lunches with White House adviser Cohn, day after Trump interview

WASHINGTON (Reuters) - U.S. Federal Reserve Chair Janet Yellen returned to the White House on Friday to have lunch with President Donald Trump's top economic adviser, Gary Cohn, a White House official said, describing the meeting as "nothing out of the ordinary."


GLOBAL MARKETS-U.S. tax plan hopes lift stocks, strengthen dollar

* U.S. Senate passes budget plan that could usher in tax reform


Raqqa to be part of 'federal Syria', U.S.-backed militia says

BEIRUT (Reuters) - Raqqa will be part of a decentralized federal Syria now the city has been freed from Islamic State, the U.S.-backed militias that captured it said on Friday, tying its political future to Kurdish-led autonomy plans for northern Syria.


Democrats fail to block Arctic reserve oil drilling

WASHINGTON (Reuters) - U.S. Senate Democrats on Thursday failed to pass a measure to block oil and gas drilling in part of the Arctic National Wildlife Reserve, losing to Republicans who believe production there would provide jobs and wealth.


U.S. Senate to vote on measure to block drilling in Arctic reserve

WASHINGTON (Reuters) - The U.S. Senate on Thursday geared up to vote on an amendment that would block drilling in the Arctic National Wildlife Reserve, with opponents of the measure saying development would lead to jobs and wealth creation.


EU lawmakers agree to strengthen privacy rules for WhatsApp, Skype

BRUSSELS (Reuters) - European Union lawmakers voted on Thursday to bring online messaging and email services such as WhatsApp and Skype into the scope of tough telecoms privacy rules that will restrict how they can track users.

High-Frequency and Flash Trading

Economic View: A Stock Market Panic Like 1987 Could Happen Again

On Oct. 19, 1987, the stock market fell more than 20 percent. It would be comforting to believe a crash couldn’t recur. But we are still at risk.


Conservative Republican tries to derail reappointment of Fed's Yellen

WASHINGTON (Reuters) - A member of the U.S. House of Representatives' Freedom Caucus is mounting a campaign to kill any chance of a second term for Federal Reserve Chair Janet Yellen, the latest sign conservative Republicans want a fresh face at the helm of the central bank.


China's third-quarter economic growth slows as expected, property measures bite

BEIJING (Reuters) - China's economic growth slowed slightly in the third quarter, as expected, as the government's efforts to rein in property market and debt risks tempered activity in the world's second-largest economy.


METALS-Copper holds steady after in-line China economic report

(Adds comment, detail, updates prices) By Melanie Burton MELBOURNE, Oct 19 (Reuters) - London copper held steady on Thursday after in-line economic readings out of China signalled some moderation in growth. China's economic growth slowed slightly as expected in the third quarter as the government's efforts to rein in the property market and debt risks tempered activity in the world's second-largest economy. "China's data was in line with expectations, so it's not surprising tha

United States Economy

Op-Ed Columnist: The Trumpist Case for Janet Yellen

For his own sake, the president should reappoint the Federal Reserve chairwoman.

Muslims and Islam

2nd Federal Judge Strikes Down Trump’s New Travel Ban

Hours after a judge in Hawaii blocked most of President Trump’s order from taking effect, a judge in Maryland used somewhat different grounds to reach the same result.

Yellen, Janet L

The Economy Is Humming, but That May Not Win Janet Yellen Another Term

Under Janet L. Yellen, unemployment has declined and inflation has remained low. But that may not be enough for her to keep the job.


Chile presidential hopeful Pinera vows to double economic growth

SANTIAGO (Reuters) - Chile's conservative presidential candidate Sebastian Pinera on Wednesday promised to double economic growth and by 2025 make the country the first in Latin American to achieve "developed nation" status.


U.S. wants stronger India economic, defense ties given China's rise: Tillerson

WASHINGTON (Reuters) - U.S. Secretary of State Rex Tillerson said before a visit to India next week that the Trump administration wanted to "dramatically deepen" cooperation with New Delhi, seeing it as a key partner in the face of China's negative influence in Asia.


Second federal judge blocks Trump's curbs on travel to U.S.

WASHINGTON (Reuters) - A second U.S. federal judge has blocked parts of President Donald Trump's latest travel ban on people entering the United States from eight countries, dealing another legal blow to the administration's third bid to impose travel restrictions.

Second federal judge blocks new travel ban

A federal judge in Maryland has blocked President Donald Trump's new travel ban, finding it still tainted by religious discrimination.


Second federal judge blocks Trump's curbs on U.S. visitors

WASHINGTON (Reuters) - A second U.S. federal judge has blocked President Donald Trump's latest effort to restrict citizens from eight countries from entering the United States, dealing another legal blow to the administration's third bid to impose travel restrictions.


Factbox: Who will Trump pick to lead the Federal Reserve?

(Reuters) - U.S. President Donald Trump has interviewed several top prospects for the post of Chair of the Federal Reserve. A nomination could come within weeks as the term of current Chair Janet Yellen ends in February 2018.


Senate Democrats vow to fight drilling in Alaska reserve

WASHINGTON (Reuters) - U.S. Senate Democrats vowed on Tuesday to fight a measure expected to be slipped into budget legislation that would open Alaska's Arctic National Wildlife Reserve to oil and gas drilling, saying it would destroy one of earth's remaining paradises.

Federal judge blocks Trump's latest travel ban

A federal judge in Hawaii has blocked President Donald Trump's revised travel ban one day before it was set to take effect.

International Trade and World Market

Economic Scene: Why the Trade Deficit Matters, and What Trump Can Do About It

Economists may argue that trade deficits are ultimately irrelevant. But they have wounded American workers.


Morgan Stanley smashes estimates on strength in wealth management

(Reuters) - Morgan Stanley posted a much higher-than-expected quarterly profit on Tuesday as record revenue from its wealth management business helped offset the blow from a slump in trading activity.


UPDATE 2-UnitedHealth tops profit estimates on strength in Optum business

* Shares up 1.4 percent premarket (Adds third-quarter details, background and share move)