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Updated: 10 hours 49 min ago

Search on for Brexit consensus after May's crushing defeat

Wed, 01/16/2019 - 7:16am
Prime Minister Theresa May on Wednesday will try to forge consensus in parliament on a Brexit divorce agreement after the crushing defeat of her own deal left Britain's exit from the European Union in disarray 10 weeks before it is due to leave.

Goldman Sachs reports higher trading revenue, shares jump

Wed, 01/16/2019 - 7:04am
Goldman Sachs topped analysts' revenue estimates on Wednesday as stronger equities trading revenue cushioned bond trading losses, making it the only Wall Street bank so far to show growth in fourth-quarter trading revenue.

Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sources

Wed, 01/16/2019 - 7:02am
Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday.

BlackRock profit misses as market turmoil hits bottom line

Wed, 01/16/2019 - 6:54am
BlackRock Inc , the world's largest asset manager, reported lower-than-expected quarterly profits on Wednesday, as price cuts and market turmoil overshadowed strong sales of relatively low-cost funds.

Fiserv to buy First Data in $22 billion stock deal

Wed, 01/16/2019 - 6:43am
U.S. financial technology provider Fiserv Inc said on Wednesday it will buy payment processor First Data Corp in a $22 billion deal, making it one of the largest acquisitions in the financial technology sector.

Ford forecasts weaker-than-expected fourth quarter profit

Wed, 01/16/2019 - 6:42am
Ford Motor Co gave a fourth-quarter earnings forecast on Wednesday that was below analysts' expectations, sending shares down more than 2 percent in premarket trading.

World stocks hold nerve after May's Brexit defeat, pound steady

Wed, 01/16/2019 - 6:40am
World equity markets on Wednesday held their nerve after the heavy parliamentary defeat of British Prime Minister Theresa May's Brexit deal as investors saw potential for legislative deadlock forcing London to delay its departure from the EU.

BofA beats profit estimates on higher interest income, loan growth

Wed, 01/16/2019 - 6:19am
Bank of America Corp reported better-than-expected fourth-quarter profit as higher interest income and loan growth eclipsed declines in revenue from investment banking and bond trading, sending its shares up 3 percent.

Time for playing games on Brexit over: German foreign minister

Wed, 01/16/2019 - 6:00am
With the clock ticking ahead of Britain's scheduled exit from the European Union at the end of March, German Foreign Minister Heiko Maas said on Wednesday the "time for playing games" was over after London's rejection of a withdrawal agreement.

China central bank's record $83 billion injection heightens worries over ailing economy

Wed, 01/16/2019 - 4:54am
China's central bank injected a record $83 billion into the country's financial system on Wednesday, seeking to avoid a cash crunch that would put further pressure on the weakening economy.

China must prepare for economic difficulties in 2019: premier

Wed, 01/16/2019 - 4:53am
China must prepare for difficulties this year as the economy faces increasing pressure, state radio on Wednesday quoted Premier Li Keqiang as saying.

China posts scant rise in outbound investment in 2018 amid outflow curbs

Wed, 01/16/2019 - 4:52am
China's overseas investment rose only marginally in 2018 as the yuan weakened and regulators cracked down on deals that were suspected to be skirting controls on moving money out of the country.

Risks to finance sector from 'no deal' Brexit are 'manageable': Villeroy

Wed, 01/16/2019 - 4:35am
The financial sector is prepared to cope with the possible fallout if Britain fails to reach an agreement on its departure from the European Union, the Bank of France governor said on Wednesday.

Russia says it caught former U.S. marine accused of spying red-handed

Wed, 01/16/2019 - 4:10am
Russia said on Wednesday that it had caught former U.S. marine Paul Whelan, who is being held in Russia on spying charges, while he was in the act of carrying out illegal activities in his Moscow hotel room.

Hundreds in new U.S.-bound migrant caravan cross into Guatemala

Wed, 01/16/2019 - 3:48am
Several hundred Honduran migrants in a new U.S.-bound caravan crossed into Guatemala on Tuesday, as U.S. President Donald Trump seized on news of the advancing group to try to build support for a wall along his country's border with Mexico.

Britain, EU must ensure flow of medicine: German industry group

Wed, 01/16/2019 - 3:34am
Britain and the remaining 27 members of the European Union must urgently take measures to ensure the flow of pharmaceuticals supplies to their citizens in the event of a disorderly Brexit, German medicine association BAH said on Wednesday.

German conservative warns UK patients could die with hard Brexit

Wed, 01/16/2019 - 3:29am
Patients in Britain could die due to a lack of medical supplies and an exodus of doctors in the event of a hard Brexit, German conservative Peter Liese, a member of the European Parliament, warned on Wednesday.

Dutch PM Rutte: Britain must tell us what it wants

Wed, 01/16/2019 - 3:28am
Dutch Prime Minister Mark Rutte warned on Wednesday that time is running out to reach a deal before Britain leaves the European Union and urged the British to make up their minds.

Gunmen kill 15 in Kenya hotel compound attack claimed by Somali Islamists

Tue, 01/15/2019 - 7:17pm
Gunmen blasted their way into a hotel and office complex in the Kenyan capital on Tuesday, killing at least 15 people and sending workers diving under desks to escape an attack claimed by Somalia-based Islamist group al Shabaab.

Sears chairman's takeover proposal faces moment of truth

Tue, 01/15/2019 - 7:02pm
Negotiations between Sears Holdings Corp Chairman Eddie Lampert and the bankrupt U.S. department store operator approached a resolution late on Tuesday as the billionaire hedge fund manager faced the choice of improving his $5 billion offer for the company or ending his takeover plans, people familiar with the matter told Reuters.