Venezuela socialists winning local vote, Maduro joyous

CARACAS (Reuters) – President Nicolas Maduro’s socialist government was on course to sweep Venezuela’s nationwide mayoral elections on Sunday, deepening opposition disarray and strengthening his hand ahead of a likely 2018 re-election campaign. People wait in line at a polling station during a nationwide election for new mayors, in Maracaibo, Venezuela December 10, 2017. REUTERS/Isaac […]

Bitcoin futures surge past $17,000 on launch day

SYDNEY (Reuters) – The front-month bitcoin futures contract XBTc1 on the Chicago-based CBOE Futures Exchange surged past $17,000 on Monday, the first day of trading. Virtual currency Bitcoin tokens are seen in this illustration picture, December 8, 2017. Picture taken December 8. REUTERS/Dado Ruvic/Illustration The January contract opened at $15,460 in New York on Sunday […]

China’s top paper says Australian media reports are racist

BEIJING (Reuters) – Australian media reports on Chinese interference in Australia are racist and paranoid, China’s top newspaper said on Monday, stepping up a war of words over concerns in Australia about Chinese influence in the country. Australia's Prime Minister Malcolm Turnbull attends the APEC Economic Leaders' Meeting in Danang, Vietnam November 11, 2017. REUTERS/Jorge […]

With foes absent, Venezuela local vote to boost socialists

CARACAS (Reuters) – Venezuelans voted on Sunday in mayoral races that the ruling Socialist Party looked likely to sweep, deepening opposition divisions and consolidating President Nicolas Maduro’s position ahead of a likely 2018 re-election campaign. People wait in line at a polling station during a nationwide election for new mayors, in Maracaibo, Venezuela December 10, […]

Oil prices drop on increased U.S. rig drilling

SINGAPORE (Reuters) – Oil prices fell on Monday, pulled down as the latest rise in the U.S. rig count pointed to a further increase in American production, potentially undermining efforts led by OPEC to tighten markets. FILE PHOTO – A drilling rig owned by Parsley Energy Inc. seen near Midland, Texas, U.S. on May 3, […]