U.S. consumer prices rise solidly, but underlying trend tame

U.S. consumer prices increased by the most in 14 months in March, but the underlying inflation trend remained benign amid slowing domestic and global economic growth.

U.S. government posts $147 billion deficit in March

The U.S. federal government posted a $147 billion budget deficit in March, according to data released on Wednesday by the Treasury Department.

U.S. lawmakers grill bank CEOs for the first time since financial crisis

Chief executives of some of the largest U.S. banks appeared before Congress on Wednesday, giving lawmakers their first opportunity to grill the lenders since the 2007-2009 financial crisis.

Factbox: Big bank CEOs face the heat over pay disparity at Capitol Hill

Chief executive officers of some of America's largest banks, including JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc, on Wednesday testified before Congress, where they were grilled on a wide range topics.

Oil rallies as U.S. gasoline inventory draw offsets crude build

Oil futures climbed more than 1 percent on Wednesday after U.S. data showing a deep decline in gasoline stocks overrode a rise in crude inventories to 17-month highs, and as an OPEC report showed further tightening of Venezuela's crude supply.

Stocks, euro inch higher on ECB stance

The euro rose and world stock markets edged higher on Wednesday amid tame U.S. inflation data and as the European Central Bank left its ultra-easy policy stance unchanged but warned that economic risks remained to the downside.

Wife of ousted Nissan boss Ghosn returns to Japan to testify

The wife of ousted Nissan boss Carlos Ghosn returned to Japan on Wednesday and intends to testify to Tokyo prosecutors, a source close to her entourage said, days after she left the country to seek help from the French government.

S&P, Nasdaq edge higher as Wall Street shrugs off Fed minutes

The S&P 500 and the Nasdaq inched higher on Wednesday, as investors largely shrugged off benign U.S. inflation data and unsurprising minutes from the Federal Reserve's March meeting.

U.S., China agree to establish trade deal enforcement offices: Mnuchin

U.S. Treasury Secretary Steven Mnuchin said on Wednesday that U.S.-China trade talks continue to make progress and the two sides have basically settled on a mechanism to police any agreement, including new enforcement offices.

Palestinians condemn Airbnb about-face on delisting Israeli settlements

Airbnb's decision not to go ahead with excluding Jewish settlements in the West Bank from its accommodation listings Palestinian condemnation on Wednesday and accusations that it was helping to perpetuate Israeli occupation.

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