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FOREX-Euro plumbs 2-month low ahead of ECB, pound under pressure

FOREX-Euro plumbs 2-month low ahead of ECB, pound under pressure



Arizona city watches, worries as mountain area burns

Arizona city watches, worries as mountain area burnsAnxious residents packed up prized possessions Tuesday as hundreds of firefighters worked to keep a wildfire in a forested Arizona city away from homes while they got help from the weather. About two dozen homes have been evacuated in Flagstaff, a popular mountain getaway in the largest Ponderosa pine forest in the U.S. Gov. Doug Ducey declared a state of emergency, freeing $200,000 in state funding for the effort to battle the blaze in Coconino National Forest.



GLOBAL MARKETS-Asia stocks welcome trade talks, euro on defensive

GLOBAL MARKETS-Asia stocks welcome trade talks, euro on defensiveAsian shares on Wednesday gave a guarded welcome to hints of progress in the Sino-U.S. trade saga, while the dollar hit two-month highs on the euro as investors wagered on a dovish outcome from the European Central Bank's coming policy meeting. Sentiment had been helped by a Bloomberg report that U.S. Trade Representative Robert Lighthizer would travel to Shanghai next week for meetings with Chinese officials. Japan's Nikkei added 0.5%, while Australian stocks rose 0.8% to all-time highs.



After more than 3 weeks, ICE releases U.S. citizen from custody

After more than 3 weeks, ICE releases U.S. citizen from custodyThe case had drawn attention to issues with immigration enforcement.



Insurers offer competing plan to rescue PG&E from bankruptcy

Insurers offer competing plan to rescue PG&E from bankruptcyInsurance companies that say Pacific Gas & Electric owes them more than $20 billion from wildfire claims wants to take over the California utility and pull it out of bankruptcy. The group of insurers filed court documents Tuesday seeking to end PG&E's exclusive right to file a reorganization plan. PG&E filed for bankruptcy in January to deal with an estimated $30 billion in liabilities from wildfires that its equipment may have ignited in 2017 and 2018, including a wildfire last November that essentially wiped out the Northern California town of Paradise and killed 85 people.





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