Today's Top News Story

Trade war puts new strains on America Inc's factories in China

SHENZHEN, China/SHANGHAI (Reuters) - Larry Sloven arrived in southern China three decades ago, just as the region was taking off as the low-cost manufacturing center of the world. Since then, he has exported millions of dollars of goods, ranging from power tools to LED lights, to some of America's biggest retailers. Read More

 

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Asia shares inch up with yuan, wary on Sino-U.S. talks

SYDNEY (Reuters) - Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks and the Chinese yuan rallied away from dangerous lows. More »

 

Exclusive: Saudi PIF in talks to invest in aspiring Tesla rival Lucid - sources

(Reuters) - PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc CEO Elon Musk has said could help him fund a $72 billion deal to take his electric car maker private, is in talks to invest in aspiring Tesla rival Lucid Motors Inc, people familiar with the matter said on Sunday. More »

 

Investigators examine over $20 million in loans by former Trump lawyer Cohen: New York Times

WASHINGTON (Reuters) - Federal prosecutors are focused on over $20 million in loans obtained by U.S. President Donald Trump's former personal lawyer Michael Cohen from taxi businesses owned by him and his family, the New York Times reported on Sunday. More »

 

Korean families separated by war to reunite briefly after 65 years

SEOUL/SOKCHO, South Korea (Reuters) - Some 180 families torn apart by the 1950-53 Korean War will be temporarily reunited in North Korea starting Monday after the two Koreas renewed exchanges this year following a standoff over Pyongyang's nuclear and missile programs. More »

 

Trump says 'nothing to hide' from Special Counsel Mueller

WASHINGTON (Reuters) - U.S. President Donald Trump said on Sunday he had "nothing to hide" from the special counsel investigating Russian interference in the 2016 U.S. election, and denied that his top lawyer had turned on him by cooperating with the probe. More »

 

U.S. Catholics 'sickened' by sex abuse report, stand by their faith

YORK, Pa. (Reuters) - Many churchgoers said they were sickened and saddened by a grand jury report detailing widespread sexual abuse by hundreds of priests in Pennsylvania but they would not let the Roman Catholic Church's cover-up dissuade them from their faith. More »

 

U.S. drops agriculture demand from NAFTA talks: Mexico farm lobby

MEXICO CITY (Reuters) - The United States has dropped a contentious demand from the renegotiation of the North American Free Trade Agreement to impose restrictions on Mexican agricultural exports, Mexico's top farm lobby said on Sunday. More »

 

Global luxury brands again chase China's young, rich and spendthrift

HONG KONG (Reuters) - Global luxury brands from Prada <1913.HK> to LVMH are investing in China for the first time since a crackdown on conspicuous spending five years ago, focusing on smaller, less developed cities even as the world's second-largest economy slows. More »

 

Desperate Venezuelans defy Ecuador's passport rules and cross border

IPIALES, Colombia (Reuters) - Dozens of furious Venezuelan migrants fleeing economic misery in Venezuela for a new life elsewhere on Sunday defied rules requiring they hold a valid passport to cross the border from Colombia into Ecuador, and authorities appeared to be allowing it. More »

 

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