Trump considering whether Apple should be exempt from China tariffs
Yesterday, 23:30
AUSTIN, Texas (Reuters) - President Donald Trump said on Wednesday after touring a plant that assembles Apple Inc (O:AAPL) computers that he was considering whether to exempt the U.S. company from tariffs on imports from China. "We're looking at that," Trump said in answer to a reporter's question about the tariffs, after touring a plant in Austin, Texas, with Apple Chief Executive Tim Cook that assembles the company's ..
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Day Ahead: Top 3 Things to Watch
Yesterday, 23:27 – Here's a preview of the top three things that could rock markets tomorrow. The Labor Department at 08:30AM ET (13:30GMT) releases its weekly count of the number of individuals who filed for unemployment insurance for the week ended Nov. 16. Economists forecast that initial jobless claims fell to 219,000 from 225,000 previously. At the same time, the Philadelphia Federal Reserve will release its measure of manufacturing ..
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Ex-JPMorgan trader found guilty in U.S. currency-rigging trial
Yesterday, 23:24
By Brendan Pierson NEW YORK (Reuters) - A former foreign exchange trader at JPMorgan Chase (NYSE:JPM) & Co was found guilty Wednesday of conspiring to rig trades for his own benefit. Akshay Aiyer was convicted of one count of conspiracy by a jury in federal court in Manhattan, court records show. He is scheduled to be sentenced on April 3. "This conviction serves as a reminder of our commitment to hold individuals responsible for their ..
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Huawei files application in Canada to stay extradition of CFO
Yesterday, 23:21
(Reuters) - Huawei Technologies Co Ltd lawyers have filed an application to a Canadian court to immediately stay the extradition proceedings of the company's Chief Financial Officer Meng Wanzhou to the United States, a company spokesman said on Wednesday. Huawei spokesman Benjamin Howes told Reuters in an email the extradition fails to meet Canadian standards of double criminality. Meng, 47, was arrested at the Vancouver International ..
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Fed shows little appetite for bold policy change sought by Trump
Yesterday, 23:18
By Ann Saphir SAN FRANCISCO (Reuters) - As U.S. Federal Reserve officials hone their monetary policy playbook in preparation for the next economic downturn, it appears they will eschew more controversial approaches tried by other global central banks, including one that President Donald Trump has called on the Fed to try. Minutes of the Fed's late October meeting, released on Wednesday, show U.S. central bankers jettisoning any real ..
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Up to Westpac to weigh CEO's future amid money-laundering scandal, Australian PM says
Yesterday, 23:15
MELBOURNE (Reuters) - Prime Minister Scott Morrison said on Thursday it was up to the board of Westpac Banking Corp (AX:WBC) to decide whether Chief Executive Brian Hartzer should resign in the wake of Australia's biggest money laundering scandal. Financial crime watchdog AUSTRAC began legal action on Wednesday, accusing Westpac of 23 million breaches of anti-money laundering laws and seeking fines of up to A$21 million ($14 million) for ..
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White House handling of U.S.-Japan trade deal angers Democrats
Yesterday, 23:12
By Andrea Shalal WASHINGTON (Reuters) - House Democrats on Wednesday blasted the Trump administration for not consulting sufficiently with Congress while negotiating a mini trade deal with Japan, failing to provide details about it and refusing to testify at a congressional hearing. Earl Blumenauer, the Oregon Democrat who heads the trade subcommittee of the House Ways and Means Committee, said lawmakers were seeking to work together with the ..
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PayPal to buy rewards platform Honey Science for $4 billion
Yesterday, 23:09
(Reuters) - Payment processor PayPal Holdings Inc (O:PYPL) said on Wednesday it would buy privately held shopping and rewards platform Honey Science Corp for about $4 billion. The deal for the seven-year-old platform that finds and applies coupon codes on popular sites and helps consumers save money will add to PayPal's ability to help merchants deliver offers, PayPal said. PayPal and its mobile payment service Venmo have more than 275 ..
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Charity to pay $4 million to resolve U.S. pharma kickback probe
Yesterday, 23:06
By Nate Raymond BOSTON (Reuters) - A Florida-based charity will pay $4 million to resolve claims that it acted as a conduit for companies including Biogen Inc (O:BIIB) and Novartis AG (S:NOVN) to pay kickbacks to Medicare patients using their high-priced multiple sclerosis drugs, the U.S. Justice Department said on Wednesday. The settlement with the patient assistance charity The Assistance Fund marked the third so far with a foundation linked ..
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Fed Throws the Kitchen Sink at Short Rates and Still Struggles
Yesterday, 23:03
(Bloomberg Opinion) -- “I think we have it under control.” That’s what Federal Reserve Chair Jerome Powell said when lawmakers in Washington asked him last week about the mid-September turmoil in short-term funding markets. New York Fed President John Williams (NYSE:WMB) said something similar on Tuesday.  If Powell didn’t sound entirely sure, it’s for good reason — the Federal Open Market Committee apparently isn’t, either. Minutes of the ..
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Latest News

Factbox: How social media services handle political ads
Today, 03:06
By Elizabeth Culliford SAN FRANCISCO (Reuters) - Online platforms including Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL) Inc's Google face growing pressure to stop carrying political ads that contain false or misleading claims ahead of the U.S. presidential election. In the United States, the Communications Act prevents broadcast stations from rejecting or censoring ads from candidates for federal office once they have accepted ..
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Mexicans sue Walmart over Texas shooting that left victims on both sides of border
Today, 03:03
MEXICO CITY (Reuters) - Ten Mexican citizens have sued Walmart (NYSE:WMT) over the shooting at a store in the U.S. border town of El Paso, Texas, that killed eight Mexicans and left eight more injured, saying that Walmart did not do enough to protect its customers, Mexico said on Wednesday. The suspected gunman told police he was targeting "Mexicans" in the August shooting, which killed 22 people in total. Mexico's Foreign ..
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Oil dips on worries U.S.-China trade deal could slip to next year
Today, 02:09
By Koustav Samanta SINGAPORE (Reuters) - Oil prices retreated on Thursday as a spat over Hong Kong added to worries of a delay in any U.S.-China trade deal, after posting steep gains in the previous session on bullish U.S. crude inventory data. The trade war between the world's two biggest economies has dominated the outlook for future oil demand, and trade experts have warned the completion of a "phase one" U.S.-China trade deal could slip ..
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Google to let sites block personalized ads under California privacy law
Today, 02:06
By Paresh Dave SAN FRANCISCO (Reuters) - Websites and apps using Google's advertising tools will be able to block personalized ads to internet users in California and elsewhere as part of the Alphabet (NASDAQ:GOOGL) Inc unit's effort to help them comply with the state's new privacy law, it told clients this week. The California Consumer Privacy Act (CCPA), which goes into effect on Jan. 1, requires large businesses to let ..
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Apple supplier Japan Display says executive embezzled $5.25 million
Today, 02:03
TOKYO (Reuters) - Japan Display Inc said on Thursday it dismissed an accounting executive last year for embezzling about $5.3 million over four years since the Apple Inc (NASDAQ:AAPL) supplier went public in 2014. JDI said in a statement it had filed a criminal complaint against the former employee and that it was cooperating with police. The embezzlement was first reported by the Asahi newspaper on Thursday. The employee had defrauded the ..
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Asian shares slide as Sino-U.S. spat on Hong Kong clouds trade deal outlook
Today, 01:15
By Hideyuki Sano TOKYO (Reuters) - Global shares slid on Thursday as a fresh row between Washington and Beijing over U.S. bills on Hong Kong could complicate their trade negotiation and delay a "phase one" deal that investors had initially hoped to be inked by now. MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) fell 0.16% while Japan's Nikkei (N225) dropped 0.25%. U.S. S&P500 futures (ESc1) dropped 0.2% in ..
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Alibaba to pay banks up to $32.3 million in fees for Hong Kong listing
Today, 01:12
By Scott Murdoch (Reuters) - China's Alibaba (N:BABA) will pay its investment banking syndicate up to $32.3 million for leading its Hong Kong listing which will raise up to $12.9 billion, according to documents filed with U.S. securities regulators. The e-commerce giant employed two co-sponsors, China International Capital Corp (CICC) and Credit Suisse (S:CSGN), to head the deal which has been carried out over the past week. The two lead ..
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Can he 'ride it out'? Pompeo future uncertain after impeachment testimony
Today, 01:09
By Jonathan Landay and Matt Spetalnick WASHINGTON (Reuters) - Testimony on Wednesday that U.S. Secretary of State Mike Pompeo played a more central role than previously known in President Donald Trump’s Ukraine dealings has fueled uncertainty within the administration about the top diplomat's future. Gordon Sondland, the U.S. ambassador to the European Union and a key figure in the Democratic-led impeachment inquiry against Trump, depicted ..
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Yen rises, yuan falls as U.S.-China trade deal this year looks unlikely
Today, 01:06
By Stanley White TOKYO (Reuters) - The yen rose against the dollar on Thursday after sources close to the White House told Reuters that a U.S.-China trade deal is unlikely this year, which spurred demand for safe-haven assets. The yuan eased toward a two-week low in offshore trade as failure to reach a deal to roll back U.S. tariffs would cause a further slowdown in China's economy and complicate efforts to keep growth on track. Some ..
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Fed holds off on permanent lending tool as policymakers mull details
Today, 01:03
By Matt Scuffham and Jonnelle Marte NEW YORK (Reuters) - The Federal Reserve will hold off deciding whether to introduce a permanent lending facility aimed at staving off the money market ructions seen earlier this fall even as a growing number of policymakers warm to the idea, several sources told Reuters. Concerns ranging from how to fine tune such a facility to whether the temporary solution the Fed installed several weeks ago is sufficient ..
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