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As central bankers gather, some at Fed make rate-hike case

JACKSON HOLE, Wyo. As central bankers converge on this mountain resort Thursday for an annual conference on monetary policy, a couple of top Federal Reserve officials took the chance to renew a push for interest-rate hikes, citing improvement in employment and inflation.

Oil pares gains, Saudi Energy Minister talks down intervention

NEW YORK Oil prices rose on Thursday on speculation the dollar would drop on Friday's monetary policy speech by the U.S. Federal Reserve Chair, before paring gains on a Reuters interview with the Saudi Energy Minister that cast doubts about an OPEC output freeze.

Brazil's Senate begins Rousseff's impeachment trial

BRASILIA Brazil's Senate started the trial of suspended President Dilma Rousseff on Thursday after a lengthy impeachment process that has paralyzed the politics of Latin America`s largest nation and is expected to culminate in her removal from office next week.

Peace much cheaper than war, Colombia tells critics of FARC deal

HAVANA Colombia's government peace negotiators hit back on Thursday at critics of a deal to end half a century of war with leftist FARC guerrillas, saying the cost of bringing the rebel fighters into society was much lower than spending on the conflict.

Volkswagen reaches deal to compensate U.S. dealers for polluting diesels

WASHINGTON Volkswagen AG said on Thursday it reached a deal to pay its 650 U.S. dealers for their losses from the German automaker's diesel emissions scandal, and a judge ordered it to move quickly to decide whether to fix or buy back 85,000 luxury vehicles with polluting engines.

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