China and the U.S. are rekindling trade talks ahead of a meeting next week between Presidents Donald Trump and Xi Jinping at the G20 summit in Japan, cheering financial markets with hope that an escalating trade war would abate.
Business & Financial News, U.S & International Breaking News
Wall Street takes on long-term care payouts as insurers balk at costs
Some U.S. insurers are turning to Wall Street's financial wizards for relief from the liabilities of their long-term care (LTC) policies, posing a challenge for regulators worried about how new industry players will tackle the risks involved.
Trump stands by comments about wrongly convicted 'Central Park Five'
U.S. President Donald Trump on Tuesday stood by claims he made about five men who were wrongly convicted for the brutal rape of a female jogger in New York City's Central Park 30 years ago.
Poor nations hosting most refugees worldwide, need more Western help: U.N.
Developing countries, not rich Western nations, are bearing the brunt of the world's refugee crisis and are hosting most of the record 70.8 million displaced people who have fled war and persecution, the United Nations said on Wednesday.
Trump says immigration roundup will start next week
U.S. President Donald Trump repeated on Tuesday that immigration authorities would next week target migrants in the country illegally in large-scale arrests, but still gave no details about the planned action.
Asia shares pin all on dovish Fed, risk disappointment
Asian shares hit five-week highs on Wednesday as investors wagered the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day.
Scientists amazed as Canadian permafrost thaws 70 years early
Permafrost at outposts in the Canadian Arctic is thawing 70 years earlier than predicted, an expedition has discovered, in the latest sign that the global climate crisis is accelerating even faster than scientists had feared.
Exp: Jun 19
Exp: Jun 19
Exp: Jun 19
Securities house Euroclear said on Wednesday it would push ahead with building a pilot blockchain-based platform for issuing and settling commercial paper transactions used by companies to grease the wheels of the economy.
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