Business & Financial News, U.S & International Breaking News

China relieved trade war with U.S. is 'on hold'

China praised a dialing back of trade tension with the United States, saying agreement was in both countries' interests, while state media hailed what it saw as China's refusal to surrender.

Wall Street opens higher as trade war put 'on hold'

U.S. stocks opened half a percent higher on Monday after the United States and China put a potential trade war "on hold", and as U.S. companies announced $27.6 billion worth of mergers.

9:39am EDT

Philippines takes 'appropriate action' over Chinese bombers in disputed South China Sea

The Philippines expressed "serious concerns" over the presence of China's strategic bombers in the disputed South China Sea and its foreign ministry has taken "appropriate diplomatic action", the spokesman of President Rodrigo Duterte said on Monday.

6:40am EDT

Father of Pakistani girl killed in Texas hopes her death can spur reform

The father of a Pakistani girl killed in a Texas school shooting said on Monday he hoped that the death of his daughter, who wanted to serve her country as a civil servant or diplomat, would help spur gun control in the United States.

8:42am EDT

GE merges transportation unit with Wabtec in $11.1 billion deal

General Electric Co confirmed on Monday it was unloading the bulk of its transportation business which makes train engines to Wabtec Corp , a U.S. manufacturer of equipment for the rail industry, in a deal valued at about $11.1 billion.

8:49am EDT

Malta court rejects bid to stop FBI testimony in journalist murder case

A Maltese court on Monday dismissed an attempt by one of the suspects in the murder of investigative journalist Daphne Caruana Galizia to stop an FBI team testifying in pre-trial proceedings.

7:51am EDT

Syrian army takes last insurgent area near Damascus

The Syrian army has restored control over all areas surrounding the capital Damascus, it said on Monday, for the first time since early in the seven-year war, after pushing Islamic State militants out of a south Damascus pocket.

9:58am EDT