President Trump's withholding of $391 million in military aid to Ukraine was linked to his request that the Ukrainians look into a claim - debunked as a conspiracy theory - about the 2016 U.S. election, a senior presidential aide said, the first time the White House acknowledged such a connection.
Business & Financial News, U.S & International Breaking News
Former Pimco chief to plead guilty in U.S. college scam case
Douglas Hodge, the former chief executive of the investment firm Pimco, has agreed to plead guilty to participating in what prosecutors say is the largest college admissions scam uncovered in the United States, according to a court filing on Thursday.
Trump says U.S. Energy Secretary Perry to step down at end of the year
U.S. Energy Secretary Rick Perry will step down by the end of the year, President Donald Trump said on Thursday, a day before a deadline set by congressional Democrats for Perry to turn over documents in the impeachment probe.
Facebook's Libra cryptocurrency faces new hurdle from G7 nations
Facebook's plans to launch its Libra cryptocurrency faced a new hurdle on Thursday when the Group of Seven wealthy nations said such "stablecoins" should not be allowed to launch until the profound international risks they pose are addressed.
Exclusive: Wall Street banks see green light from Fed on reserves - sources
Wall Street banks believe they are getting a green light from supervisors to hold more Treasury debt and less cash after last month's volatility in overnight lending markets, three industry sources told Reuters.
U.S. stocks gain on upbeat earnings, geopolitical news
Wall Street advanced on Thursday as investor sentiment was buoyed by a string of corporate earnings beats and encouraging geopolitical developments.
Saudi Aramco delays planned IPO until after earnings update: sources
Saudi Aramco has delayed the planned launch of its initial public offering in hopes that pending third-quarter results will bolster investor confidence in the world's largest oil firm, two sources familiar with the matter said on Thursday.
Exp: Oct 19
Exp: Oct 19
Exp: Oct 19
Jurors began deliberating Thursday in the U.S. drug trafficking case of Honduran politician Juan Antonio "Tony" Hernandez after a two-week trial featuring dramatic allegations that his brother, the country's current president, accepted a $1 million bribe to protect cocaine shipments.
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