News Highlights: Top Global Markets News of the Day

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Global Markets Shrug Off Yellen's Comments

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Asia-Pacific stock investors showed little reaction Wednesday to Federal Reserve chief Janet Yellen's comments about the prospect of interest-rate increases, with many indexes higher after modest declines to start the week.

Yellen Defends Fed Rate-Rise Plan Despite 'Mystery' of Low Inflation

Federal Reserve Chairwoman Janet Yellen defended the central bank's projection for a gradual path of rate increases over the next few years, but said the Fed could consider a slower pace if low inflation proves persistent.

Atlanta Fed's Bostic Says He Is Comfortable With Idea of December Rate Rise

In his first public remarks as a central banker, Atlanta Fed President Raphael Bostic said he is inclined to support another rate rise by the close of the year.

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U.S. Officials Aim to Ease North Korea Tensions Amid Heated Rhetoric

U.S. officials emphasized the urgency of attempts at diplomacy to ease tensions with North Korea on Tuesday, while the U.S. stepped up sanctions amid an escalating war of words between Washington and Pyongyang.

U.S. Treasury Adds Eight North Korean Banks to Sanctions List

The U.S. Treasury Department named eight North Korean banks and 26 individuals linked to the nation's financial networks to its sanctions list.

China Industrial-Profit Growth Accelerates

China's industrial-profit growth accelerated in August, driven by higher prices for industrial goods and lower production costs. Industrial profit rose 24% from a year earlier.

Australia Backs Down From Limiting Gas Exports

Australia's conservative government held back from imposing curbs on exports of liquefied natural gas after producers including Royal Dutch Shell agreed to put more gas into the domestic market to ease energy shortages.

GOP Tax Plan to Allow for Top Individual Rate Above 35%

The Republican tax plan being released Wednesday will open the door to a top individual tax rate that is higher than the 35% that has been in previous plans, according to people familiar with the discussions.

U.S. Floats Nafta Proposal That Could Erode Copyright-Liability Protection

The U.S. has proposed copyright language in the North American Free Trade Agreement talks that could weaken internet companies' liability protections for pirated content.

U.S. Proposes to Boost Nafta's Labor Standards

The Trump administration introduced a proposal aimed at boosting labor standards among Nafta member countries, but it earned an immediate rebuke from union officials.

(END) Dow Jones Newswires

September 27, 2017 03:15 ET (07:15 GMT)