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May urges fellow EU leaders to drop 'unacceptable' Brexit demands

Wed, 09/19/2018 - 4:35pm
Prime Minister Theresa May was set to appeal directly to fellow European leaders at a summit on Wednesday to drop "unacceptable" Brexit demands that she said could rip Britain apart, and to urge the bloc to respond in kind to her plan, according to a senior British government source.

S&P 500, Dow up as rising treasury yields boost banks

Wed, 09/19/2018 - 4:35pm
The S&P 500 and the Dow Jones industrial average rose on Wednesday, with the Dow hitting its highest closing level since late January as rising Treasury yields boosted the financial sector and trade worries subsided.

Sessions limits U.S. judges' ability to dismiss deportation cases

Wed, 09/19/2018 - 4:27pm
U.S. Attorney General Jeff Sessions announced new limits on the ability of immigration judges to terminate deportation cases on Wednesday, the latest in a series of decisions to facilitate the removal of immigrants in the country illegally.

Danske Bank CEO quits over $234 billion money laundering scandal

Wed, 09/19/2018 - 4:24pm
Danske Bank's chief executive Thomas Borgen resigned on Wednesday after an investigation revealed payments totaling 200 billion euros ($234 billion) through its small Estonian branch, many of which the bank said were suspicious.

'Calm before storm,' Trump warns South Carolina after Florence deluge

Wed, 09/19/2018 - 4:08pm
U.S. President Donald Trump warned South Carolina on Wednesday "water is coming your way" from more floods as the death toll from Hurricane Florence rose to at least 36 after a sheriff's van was swept away killing two women.

Stocks rally for a second day, setting aside trade fears

Wed, 09/19/2018 - 3:25pm
World stock markets rallied for a second straight day on Wednesday, while safe-haven assets such as U.S. bonds and the Japanese yen slipped to multi-week lows on bets the ongoing U.S.-China trade spat would inflict less damage than feared.

Ireland's Brexit backstop, and why it matters

Wed, 09/19/2018 - 3:12pm
A "backstop" policy on Northern Ireland's land border with the European Union is a key obstacle to Britain securing a deal with Brussels on an orderly exit from the bloc in March. This is what it is and why it matters:

Global tech firms gear up to fight India's planned data law

Wed, 09/19/2018 - 5:41am
Global tech companies plan to oppose new legislation in India that would require Facebook, PayPal and others to store user data in the country, arguing it will hurt investment and the business models of foreign and domestic firms.

China says won't weaken currency to boost exports, as U.S. tariffs mount

Wed, 09/19/2018 - 5:36am
China will not stoop to competitive devaluation of its currency, Premier Li Keqiang stressed, hours after China hit back, with a softer punch than the one landed by the United States, in an escalating tariff war between the world's largest economies.

EU says McDonald's, Luxembourg tax deal not illegal

Wed, 09/19/2018 - 5:35am
McDonald's tax deal with Luxembourg did not breach EU state aid rules, EU antitrust regulators ruled on Wednesday, saying the reason the U.S. fast food chain did not pay some taxes was due to the mismatch between U.S. and Luxembourg laws.

Kavanaugh accuser wants FBI investigation before she will testify

Wed, 09/19/2018 - 5:33am
A woman who has accused President Donald Trump's Supreme Court nominee, Brett Kavanaugh, of sexual assault decades ago wants her allegations to be investigated by the FBI before she appears at a U.S. Senate hearing, her lawyers said on Tuesday.

Ex-Malaysian PM Najib to face further charges in 1MDB case

Wed, 09/19/2018 - 5:22am
Former Malaysian Prime Minister Najib Razak will face further corruption charges related to money allegedly siphoned off from scandal-plagued state fund 1Malaysia Development Berhad (1MDB), the anti-corruption agency said on Wednesday.

Danske Bank boss resigns after $234 billion money laundering inquiry

Wed, 09/19/2018 - 5:19am
Danske Bank's chief executive Thomas Borgen quit on Wednesday following an investigation into payments totaling some 200 billion euros ($234 billion) through its Estonian branch, many of which the Danish bank said were suspicious.

Some gun-toting Texans embrace Democrat's call for tougher firearm laws

Wed, 09/19/2018 - 5:16am
Texas cattle rancher Bill Martin is a lifelong Republican who owns more than 20 firearms and has been shooting guns since the age of 6.

Tightening Texas race boosts Democrats' hopes of taking Senate: Reuters poll

Wed, 09/19/2018 - 5:15am
The Democratic congressman aiming to unseat Republican U.S. Senator Ted Cruz in Texas has pulled even in the race, a Reuters poll found, a spark of hope for a party seeking a Senate majority to curb President Donald Trump's agenda.

Aging Japan: Military recruiters struggle as applicant pool dries up

Wed, 09/19/2018 - 5:00am
As a Japanese military recruiter sat patiently at a booth outside a supermarket in northern Tokyo one recent weekend, she welcomed a rare visitor, high school student Kazuaki Matsumura.

Trump to visit North Carolina as waterways rise

Wed, 09/19/2018 - 4:55am
U.S. President Donald Trump is expected on Wednesday to visit North Carolina, which is bearing the brunt of Florence's deadly deluge and where rivers are still rising while thousands of homes and roadways remain submerged.

North Korea's Kim agree to inspections in bid to salvage nuclear talks

Wed, 09/19/2018 - 4:48am
North Korea said on Wednesday it would permanently abolish its key missile facilities in the presence of foreign experts, the latest gesture by leader Kim Jong Un to revive faltering talks with Washington over his country's nuclear program.

Kremlin praises steps by Korean leaders to resolve nuclear crisis

Wed, 09/19/2018 - 4:48am
The Kremlin said on Wednesday that it approved of agreements reached by North Korean leader Kim Jong Un and South Korea's President Moon Jae-in at a summit in Pyongyang, describing them as effective steps toward a political settlement.

World stocks bat aside trade war fears, rally for second day

Wed, 09/19/2018 - 4:45am
Global equities rallied for a second straight day on Wednesday while safe-haven assets such as U.S. bonds and the Japanese yen slipped to multi-week lows as investors bet the escalating U.S.-China trade spat would inflict less damage than feared.

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