News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Asia Markets Mostly Higher; Japan Stocks Lack Direction

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Japanese equities struggled for direction early Thursday despite a weaker yen, even as other markets in the region were broadly higher amid muted trading.

U.S., Korean Officials Agree to Amend Trade Deal Trump Disparaged

The top U.S. and Korean trade officials agreed on a path to make changes to the countries' five-year-old trade pact, although neither side specified what changes would be sought.

Australia's Trade Surplus Rises But Retail Sales Dip Sharply

Australia posted a seasonally adjusted trade surplus of A$989 million in August, compared with a surplus of A$808 million in July, the Australian Bureau of Statistics said Thursday.

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Trump Administration Takes Steps to Replace Obama Clean Power Plan

The Environmental Protection Agency is seeking to replace Obama-era federal limits on carbon emissions from power plants, according to an internal agency document, triggering what could be a yearslong process to come up with its own rules.

White House Asks Congress to Approve Hurricane Relief Package

The White House is requesting Congress approve a $29 billion relief package to help Americans affected by recent natural disasters, including those in storm-ravaged Puerto Rico.

ADP: U.S. Private Sector Adds 135,000 Jobs in September

Hiring at private U.S. employers grew less than expected last month, according to a report Wednesday, as Hurricanes Harvey and Irma dented employment growth.

Yellen: Fed Should Make Sure Bank Rules Aren't Too Burdensome

Fed chief Janet Yellen voiced support for making sure bank rules aren't unduly burdensome, underscoring her potential flexibility on postcrisis financial regulation as Donald Trump weighs whether to nominate her for a second term.

Draghi Invokes ECB Building's Nazi Past in Fight Against Populism

European Central Bank President Mario Draghi Wednesday invoked a dark chapter in the history of his institution's home building to condemn rising populist trends both in Europe and beyond

Treasury to Withdraw Proposed Tax Rules on 'Valuation Discounts'

The U.S. Treasury Department said Wednesday it will withdraw proposed Obama-era regulations that would have made it harder for business owners to avoid estate and gift taxes.

Trade's Test Case: Your Washing Machine

The Trump administration has vowed to take a fresh look at a wide range of protectionist powers to help American companies. Whirlpool is testing that resolve, seeking to revive a long-dormant trade weapon to fend off foreign-made washing machines. One question: Will consumers be better off?

(END) Dow Jones Newswires

October 05, 2017 01:15 ET (05:15 GMT)