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Updated: 35 min 11 sec ago

U.S. financial council reimagined as boon, not bane, for Wall Street

1 hour 30 min ago
WASHINGTON (Reuters) - The Financial Stability Oversight Council (FSOC), which brings together all U.S. financial watchdogs, used to be the scourge of Wall Street but under Treasury Secretary Steven Mnuchin it can serve to ease its regulatory burdens.

Australian police did not act fast enough to deadly siege: coroner

Tue, 05/23/2017 - 10:29pm
SYDNEY (Reuters) - Australian police failed to respond quickly enough to the threat posed by a gunman responsible for a 16-hour siege at a Sydney cafe in 2014 in which three people including the hostage-taker were killed, a coroner said in a report on Wednesday.

Shanghai stocks, Aussie dollar down after Moody's downgrades China

Tue, 05/23/2017 - 9:55pm
TOKYO (Reuters) - China's main stock index fell one percent and the Australian dollar slipped on Wednesday after Moody's cut its sovereign credit rating on China.

Philippines' Duterte warns terrorists: 'I'll be harsh'

Tue, 05/23/2017 - 9:46pm
MANILA (Reuters) - Philippine President Rodrigo Duterte said on Wednesday he will deal harshly with terrorism and that martial law on the island of Mindanao would remain in place for a year if necessary.

Trump set to exchange views with Pope Francis at Vatican

Tue, 05/23/2017 - 8:04pm
ROME (Reuters) - U.S. President Donald Trump visits the Vatican on Wednesday for talks with one of his most high-profile critics, Pope Francis, after the two men exchanged sharp words during the presidential campaign last year.

Venezuela's Maduro vows to push ahead with new congress despite unrest

Tue, 05/23/2017 - 5:25pm
CARACAS (Reuters) - Venezuela's unpopular President Nicolas Maduro on Tuesday vowed to push ahead with a new congress to rewrite the constitution, despite dissent within his own ranks and major protests in the OPEC nation convulsed by nearly two months of unrest.

Uber inadvertently underpaid New York City drivers for over two years

Tue, 05/23/2017 - 3:33pm
(Reuters) - Uber Technologies Inc [UBER.UL] said on Tuesday it underpaid its New York City drivers for the past two-and-a-half years, an error that could cost the ride-hailing company tens of millions of dollars.

North Korea, if left unchecked, on 'inevitable' path to nuclear ICBM: U.S.

Tue, 05/23/2017 - 1:31pm
WASHINGTON (Reuters) - North Korea, if left unchecked, is on an "inevitable" path to obtaining a nuclear-armed missile capable of striking the United States, Defense Intelligence Agency Director Lieutenant General Vincent Stewart told a Senate hearing on Tuesday.

U.S. government sues Fiat Chrysler over excess emissions

Tue, 05/23/2017 - 12:58pm
WASHINGTON (Reuters) - The U.S. government filed a civil lawsuit Tuesday accusing Fiat Chrysler Automobiles NV of using software to bypass emission controls in 104,000 diesel vehicles sold since 2014.

Apple and Nokia see deeper partnership after ending patent dispute

Tue, 05/23/2017 - 12:18pm
HELSINKI (Reuters) - Apple has settled a patent dispute with Finnish telecom equipment maker Nokia and agreed to buy more of its network products and services, sending Nokia shares up 7 percent.

Housing recovery intact despite drop in new home sales

Tue, 05/23/2017 - 11:55am
WASHINGTON (Reuters) - New U.S. single-family home sales tumbled from near a 9-1/2-year high in April, but the housing recovery likely remains intact amid a tightening labor market.

CIA ex-chief cites signs of possible Trump campaign ties to Russia

Tue, 05/23/2017 - 11:18am
WASHINGTON (Reuters) - Former CIA Director John Brennan said on Tuesday that he does not know whether President Donald Trump's 2016 presidential campaign colluded with Russia but that he saw "information and intelligence that was worthy of investigation."

U.S. plan to sell oil reserves undermines OPEC supply management efforts

Tue, 05/23/2017 - 7:03am
SINGAPORE (Reuters) - U.S. President Donald Trump's proposal to sell half of the United States' strategic oil reserve surprised energy markets on Tuesday since it counters OPEC's efforts to control supply in order to boost prices.

Exclusive: U.S. starts 'extreme vetting' at Australia's offshore detention centers

Tue, 05/23/2017 - 7:00am
SYDNEY (Reuters) - U.S. Homeland Security officials have begun "extreme vetting" interviews at Australia's offshore detention centers, two sources at the camps told Reuters on Tuesday, as Washington honors a refugee swap that U.S. President Donald Trump had called "a dumb deal".

South Korea fires at suspected drone at border with North amid missile crisis

Tue, 05/23/2017 - 4:57am
SEOUL (Reuters) - South Korea's military fired warning shots at a suspected drone from North Korea on Tuesday amid tension over Pyongyang's latest missile test which drew international condemnation and a warning from China.

South Korean 'swordsman' leads prosecution against impeached ex-leader Park

Tue, 05/23/2017 - 3:11am
SEOUL (Reuters) - A high-flying prosecutor, who was demoted under impeached former president Park Geun-hye, is overseeing the case against her as Park made her first appearance in court on Tuesday to face criminal charges over the corruption scandal that ousted her.

Trump seeks to slash government spending in budget plan

Tue, 05/23/2017 - 2:56am
WASHINGTON (Reuters) - The White House on Tuesday will ask Republicans who control the U.S. Congress - and federal purse strings - to slash spending on healthcare and food assistance programs for the poor as they push ahead on plans to cut taxes and trim the deficit.

Trump travels to Bethlehem for talks with Palestinian president

Tue, 05/23/2017 - 2:42am
BETHLEHEM, West Bank (Reuters) - U.S. President Donald Trump traveled in a high-security convoy to Bethlehem in the Israeli-occupied West Bank on Tuesday to discuss Middle East peace with Palestinian President Mahmoud Abbas.

Google's AlphaGo takes on Chinese Go master in best of three matches

Tue, 05/23/2017 - 1:53am
BEIJING (Reuters) - Google's artificial intelligence program AlphaGo took on the Chinese world number one of ancient board game Go on Tuesday, the second time it has gone head-to-head with a master Go player in a public showdown.

Exclusive: U.S., Japanese firms collaborating on new missile defense radars - sources

Tue, 05/23/2017 - 12:09am
TOKYO (Reuters) - Raytheon Co and Lockheed Martin Corp are working with Japanese partners on rival projects to develop new radars that will enhance Japan's shield against any North Korean missile strike, government and defense industry sources in Tokyo told Reuters.