
Venezuelan president Nicolas Maduro replied to Donald Trump's UN speech saying his comments were an apology for America’s history of colonialism in the region and offered words of support for the sanctioned officials who joined him during an event broadcast over state television.

The United States imposed new sanctions on President Nicolas Maduro’s wife and several of his top allies on Tuesday as U.S. President Donald Trump urged members of the United Nations to support a “restoration of democracy” in the once-booming Venezuela oil producing nation.

The US ambassador to the United Nations has dismissed Iran's assertion that Washington and its Gulf allies are to blame for a deadly attack at a military parade and says Tehran should look closer to home. Before leaving for the United Nations on Sunday, Iranian President Hassan Rouhani accused other countries, including the US, of provoking the attack killed 25 people and wounded 60 on Saturday.

China plans to reduce the average tariff rate on imports from most of its trading partners as soon as October, Bloomberg News reported on Thursday. In July, China cut import tariffs on almost 1,500 consumer products ranging from cosmetics to home appliances as part of efforts to open up its economy, the world’s second biggest.

The United States has supplanted Brazil as the European Union's top supplier of soybeans since a deal in July with President Donald Trump to avert a trade war, according to EU data seen by Reuters on Thursday.

China and the United States plunged deeper into a trade war on Tuesday after Beijing added US$60 billion of US products to its import tariff list in retaliation for President Donald Trump's planned levies on US$200 billion worth of Chinese goods.

United States president Donald Trump escalated his trade war with Beijing, imposing 10% tariffs on about US$ 200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations.

United States President Donald Trump has instructed staff to move forward with the next round of tariffs on Chinese goods, US media have reported. The tariffs are expected to apply to about US$ 200bn worth of imports from China, including electronic parts and consumer goods such as handbags.

The U.S. Energy Information Administration (EIA) said that the U.S. likely surpassed Saudi Arabia and Russia earlier this year to become the world’s top crude oil producer. The EIA based its disclosure on preliminary estimates in its Short Term Energy Outlook which is released every month.

Stocks in Europe reversed earlier gains by Thursday's close to finish lower, as investors digested fresh news out of the central banking sphere. The pan-European STOXX 600 closed down 0.15%, with the majority of sectors falling into negative territory. The U.K.'s FTSE 100 slipped 0.43% by the close, while France's CAC 40 ended a touch lower, off 0.08%, and Germany's DAX rose 0.19%.