South Korea this week will host leaders from major Pacific Rim economies, including the United States, China and Japan, for an annual summit that has long championed free trade.

U.S. stocks are hanging around their records on Wednesday as Wall Street waits to hear from the Federal Reserve in the afternoon about what it will do with interest rates.

Canada's central bank cut its key lending rate to 2.25 percent on Wednesday, saying that while the economy has shown resilience in response to President Donald Trump's trade war, "the impact is becoming more evident."

talksThe United States and South Korea advanced trade talks on Wednesday, addressing details of $350 billion that would be invested in the American economy, after negotiations and ceremonies that included the presentation of a gold medal and crown to President Donald Trump.

Both were gifts from the country's president, Lee Jae Myung, who dialed up the flattery while Washington and Seoul worked to nail down financial promises during the last stop of Trump's Asia trip.

U.S. President Donald Trump on Wednesday said a trade deal with South Korea would be finalized soon, ahead of a meeting with the country's President Lee Jae Myung later in the day.

"Our deal with the Republic of Korea will be finalized very soon," he told delegates at the APEC CEO summit in the South Korean city of Gyeongju.

The United States and China are not going to resolve all the issues that divide them before presidents Donald Trump and Xi Jinping meet Thursday in Busan, South Korea.

China signed an expanded version of a free trade agreement Tuesday with the Association of Southeast Asian Nations, with Premier Li Qiang pitching expanded economic ties with Beijing as an alternative to the protectionist policies of U.S. President Donald Trump.

Li Qiang told an ASEAN-China summit meeting after the signing that closer cooperation could help overcome global economic uncertainties. He said "pursuing confrontation instead of solidarity brings no benefit" in the face of economic coercion and bullying, in a swipe at the U.S.

Russian oil company Lukoil says it is selling its international assets in response to sanctions imposed by U.S. President Donald Trump that aim to push Russia to agree to a ceasefire in its war against Ukraine.

President Donald Trump treated his time in Japan on Tuesday as a victory lap — befriending the new Japanese prime minister, taking her with him as he spoke to U.S. troops aboard an aircraft carrier and then unveiling several major energy and technology projects in America to be funded by Japan.

Brazil's leader Luiz Inácio Lula da Silva expressed confidence on Monday that his country and the United States will reach a trade deal. U.S. President Donald Trump also signaled that a deal is likely.

The statements came a day after the two presidents held talks on the sidelines of a regional summit in Kuala Lumpur, Malaysia's capital, which Lula described as a "very good meeting."