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By Jiaxing Li HONG KONG, May 13 (Reuters) – The dollar held near a one-week high on Wednesday as risk sentiment soured after a hot U.S. inflation reading sent Treasury yields higher, and oil inched up on renewed Middle East uncertainty.  The euro stood at $1.1735 and the sterling traded at $1.3532, both down roughly 0.05% against the greenback in early Asia trades.  The U.S. dollar index, which tracks the […]

By Gregor Stuart Hunter SINGAPORE, May 13 (Reuters) – Stocks started the Asian session on the back foot on Wednesday, with talks between Washington and Tehran at a standstill as hotter-than-expected U.S. inflation underscored the growing economic toll of the Middle East conflict. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.6%, down for a second day as Korean shares fell as much as 3.2% before rebounding. The Korean […]

BEIJING (AP) — President Donald Trump is set to arrive in Beijing on Wednesday for a state visit with Chinese leader Xi Jinping at a restless moment for a world worried about war, trade and artificial intelligence. “We’re the two superpowers,” Trump told reporters as he departed the White House on Tuesday. “We’re the strongest nation on Earth in terms of military. China’s considered second.” While Trump likes to project […]

BEIJING (AP) — It’s a verbal tightrope American presidents have had to walk for nearly 50 years, where even small slip-ups when stating official U.S. policy toward Taiwan and China can trigger geopolitical alarm bells. The way the U.S. views Taiwan under the “One China” policy recognizes the Chinese position that Taiwan is part of China, while still allowing for informal U.S. relations with the self-governing island. It is intended […]

SALT LAKE CITY (AP) — The young sons of Utah author Kouri Richins said ahead of her sentencing hearing Wednesday that they would feel unsafe if their mother was ever released from prison after she was found guilty in March of killing their father. Richins, 35, faces several decades to life in prison on five felony convictions, including aggravated murder. Prosecutors said she laced her husband Eric Richins’ cocktail with […]

By Katya Golubkova TOKYO, May 13 (Reuters) – Oil prices fell on Wednesday after rising in three consecutive sessions, as investors awaited developments around the fragile ceasefire in the Iran war and U.S. President Donald Trump headed to China for a high stakes summit with President Xi Jinping. Brent crude futures lost 82 cents, or 0.76%, to trade at $106.95 a barrel at 0051 GMT, and U.S. West Texas Intermediate […]

SYDNEY, May 13 (Reuters) – The Trump Organization said on Wednesday it abandoned a plan to build its first tower in Australia less than three months after signing the deal, citing an Australian partner’s failure to meet certain financial obligations. The group signed in February with Altus Property Group to develop a 91-storey skyscraper, a project worth A$1.5 billion ($1.09 billion), on the Gold Coast, a popular seaside and tourist […]

May 12 (Reuters) – Emergency medical ‌services provider GMR Solutions has raised $478.7 million in its U.S. initial public offering, the company said on Tuesday, after selling 31.9 million shares at $15 apiece. The Lewisville, ​Texas-based company, known as Global Medical Response, has secured a valuation of roughly $3.35 billion. GMR Solutions had lowered its expectations after initially targeting up to $797.9 million through a proposed price range of $22 […]

SEOUL, May 13 (Reuters) – Samsung Electronics said on Wednesday it regretted the collapse of pay deal talks with its South Korean union, flagging concerns that it could heighten anxiety among employees, shareholders and the public. The company said it would continue efforts to prevent a worst-case scenario through what it described as “sincere dialogue” with the union. The union leader said earlier on Wednesday that it failed to reach […]