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Updated: 10 hours 30 min ago

Gloomy forecast for Davos: crises aplenty, but few world leaders

Fri, 01/18/2019 - 3:56am
An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook.

U.S. crude gains, slowing global economy challenge oil market in 2019: IEA

Fri, 01/18/2019 - 3:23am
U.S. oil production growth combined with a slowing global economy will put oil prices under downward pressure in 2019, challenging OPEC's resolve to support the market with output cuts, the International Energy Agency said on Friday.

Germany's Brexit position hasn't changed: diplomatic source

Fri, 01/18/2019 - 3:01am
The German foreign minister and the German government's position on Brexit is unchanged, a diplomatic source said on Friday.

Trump pulls military plane from Pelosi overseas trip in shutdown fight

Thu, 01/17/2019 - 7:20pm
U.S. President Donald Trump on Thursday stopped House of Representatives Speaker Nancy Pelosi from using a military plane for an overseas trip, in a tit for tat after the Democratic leader's suggestion he postpone the State of the Union address during the partial government shutdown.

North Korea envoy in U.S. for talks with Pompeo, possibly Trump

Thu, 01/17/2019 - 7:18pm
A North Korean envoy arrived in Washington on Thursday for expected talks with Secretary of State Mike Pompeo and a possible encounter with President Donald Trump aimed a laying the groundwork for a second U.S.-North Korea summit.

Trump administration moves to appeal census ruling

Thu, 01/17/2019 - 7:15pm
President Donald Trump's administration on Thursday took the first steps to appealing a lower court ruling that blocked its contentious plan to ask people taking part in the 2020 national census whether they are U.S. citizens.

Former Trump lawyer reconsidering plan to testify to Congress: adviser

Thu, 01/17/2019 - 7:12pm
President Donald Trump's former personal attorney Michael Cohen is reconsidering his plan to testify publicly to the U.S. Congress next month because of intimidation by the president, an adviser to Cohen said on Thursday.

Ex-mistress of 'El Chapo' says she was 'traumatized' by tunnel escape

Thu, 01/17/2019 - 6:55pm
A former mistress of accused Mexican drug lord Joaquin "El Chapo" Guzman told jurors in his U.S. trial on Thursday she was "traumatized" after a harrowing 2014 escape from one of his safehouses with Mexican marines in hot pursuit.

Asia stocks gain on hopes for eased U.S.-China tension

Thu, 01/17/2019 - 6:37pm
Asian stocks gained early on Friday, as hopes for a thaw in the U.S.-China trade conflict fed investor appetites for risk assets.

American Express misses estimates on slowing customer spending; shares drop

Thu, 01/17/2019 - 6:33pm
American Express Co missed Wall Street's fourth-quarter profit estimates on Thursday, as the rate of customer spending slowed despite a strong U.S. holiday sales season.

Netflix forecast misses Wall Street view, shares dip

Thu, 01/17/2019 - 6:22pm
Netflix Inc reported revenue and a first-quarter forecast slightly below Wall Street estimates on Thursday, sending shares of the world's largest streaming service down 4 percent in after-hours trading.

Consumer giants spurn risks to chase online subscribers

Thu, 01/17/2019 - 6:19pm
Major consumer companies including Unilever , Procter & Gamble and Nestle are chasing consumers who want food and household goods delivered automatically, even though this kind of business has not always worked.

Trump blocks Pelosi trip as tensions mount over U.S. government shutdown

Thu, 01/17/2019 - 6:05pm
President Donald Trump's conflict with Democrats over a partial U.S. government shutdown escalated on Thursday with Trump denying House Speaker Nancy Pelosi use of military aircraft for an overseas trip in apparent retaliation for her suggestion that he delay the annual State of the Union address.

North Korea's top envoy arrives in Washington: South Korea's Yonhap

Thu, 01/17/2019 - 6:01pm
North Korea's top envoy, Kim Yong Chol, arrived at Washington D.C.'s Dulles International Airport to discuss a second summit between U.S. President Donald Trump and North Korean leader Kim Jong Un, the South Korean news agency Yonhap reported on Friday.

Volatile market hits Morgan Stanley's trading, wealth management

Thu, 01/17/2019 - 5:54pm
Morgan Stanley's quarterly profit fell short of expectations as bond trading revenue slumped more than rivals and its wealth management business faltered, sending its shares down 4.4 percent.

Trump cancels U.S. delegation to Davos forum: press secretary

Thu, 01/17/2019 - 5:52pm
President Donald Trump has canceled his delegation's trip to the World Economic Forum in Davos, Switzerland, next week due to the partial U.S. government shutdown, according to a statement released by Press Secretary Sarah Sanders on Thursday.

Strap yourself in: Netflix is about to report

Thu, 01/17/2019 - 5:42pm
Shares of Netflix up 0.2 pct on Thursday in likely calm before the storm as the streaming video company co prepares to report Q4 results after the bell

U.S. grand jury indicts four Audi managers in VW emissions probe

Thu, 01/17/2019 - 5:37pm
A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG's luxury Audi unit as part of the U.S. government's investigation into the German automaker's diesel emissions cheating scandal, according to court documents.

U.S. House backs sanctions on Russia's Rusal in symbolic vote

Thu, 01/17/2019 - 4:53pm
The U.S. House of Representatives backed legislation on Thursday to keep sanctions on companies linked to Russian oligarch Oleg Deripaska, including aluminum firm Rusal , but the Trump administration is expected to lift them as soon as Friday.

Netflix: Down after co misses fourth-quarter revenue estimates

Thu, 01/17/2019 - 4:34pm
** Netflix's shares down 4.5 pct at $337.46 in extended trading - if losses hold on Friday, stock set for its biggest 1-day fall so far this year