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

Asian stocks extended gains on Friday after Wall Street's S&P 500 set a new all-time high, while the dollar slipped on views that Beijing's and Washington's fresh exchange of tariffs may be less damaging than initially feared.

Canada and the United States showed scant sign on Thursday of closing a deal to revamp NAFTA, and Canadian officials made clear Washington needed to withdraw a threat of possible autos tariffs, sources said.

The moment when short-dated U.S. Treasury yields rise above longer maturities, a reliable forecaster of recessions, is only two years off at most and could happen in the next year, according to market experts polled by Reuters.

The Chinese government placed under investigation for suspected graft on Friday one of the country's most senior ethnic Uighur officials who is also head of its energy administration and was a former governor of the restive region of Xinjiang.

North Korea's Kim Jong Un wants a second summit with U.S. President Donald Trump soon to hasten denuclearization, but a key goal is declaring an end this year to the 1950-53 Korean War, the South's President Moon Jae-in said on Thursday.

A planet-hunting orbital telescope designed to detect worlds beyond our solar system discovered two distant planets this week five months after its launch from Cape Canaveral, Florida, officials said on Thursday.