PG&E Corp said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses, as the company faces pressure from potentially crushing liabilities linked to catastrophic wildfires. Reuters Continue reading PG&E prepares to file for Chapter 11 bankruptcy
British Prime Minister Theresa May has warned lawmakers that failure to back her plan to leave the European Union would be catastrophic for Britain, in a plea for support two days ahead of a vote in parliament that she is … Continue reading British PM warns of catastrophe if lawmakers don't back Brexit deal
Soothing sounds from the world’s top central banks helped stocks maintain their strong start to the year on Friday, while another leap from China’s yuan capped its best week since being cut loose from the dollar in 2005. Reuters Continue reading Small step for stocks, giant leap for yuan kind
An index of world stock markets was little changed on Thursday after a four-day winning streak, as investors fretted over the lack of clear signs that a U.S.-China trade spat was resolved and over sluggish global economic growth. Reuters Continue reading Stocks little changed as trade talks, data disappoint
The early year rally in world stocks ran out of steam in Europe on Thursday and the dollar dropped to a near three-month low, as mixed signals from U.S.-China trade talks and caution at the Federal Reserve applied the brakes. … Continue reading New year stocks rally stalls as trade talks, data disappoint
An index of world stocks rose for the third straight session on Tuesday, with investors hopeful that the United States and China would strike a deal to end their months-long trade war that has hurt sentiment in financial markets. Reuters Continue reading World stocks rise on U.S.-China trade talk hopes
French ‘yellow vest’ protesters marched through Paris and other cities on Saturday to highlight their struggle to make ends meet, a day after President Emmanuel Macron’s government hardened its stance against them. Reuters Continue reading French 'yellow vests' keep up pressure on unrepentant Macron
Democrats wasted no time flexing their new power in the U.S. House of Representatives on Thursday by approving legislation backed by new Speaker Nancy Pelosi that would end a 13-day partial government shutdown, ignoring President Donald Trump’s demand for $5 … Continue reading On first day in power, House Democrats challenge Trump to end shutdown
Bristol-Myers Squibb Co said on Thursday it would buy Celgene Corp for about $74 billion, creating a major pharma company with several blockbuster cancer drugs as competition in the immunotherapy space heats up. Reuters Continue reading Bristol-Myers bulks up cancer portfolio with $74 billion Celgene deal
A meeting between U.S. congressional leaders and President Donald Trump on Wednesday yielded no sign of an agreement to end a partial government shutdown now in its 12th day as the president stuck to his demand for $5 billion in … Continue reading No sign of progress after Trump meets lawmakers on shutdown
President Donald Trump invited Democratic and Republican leaders in Congress to the White House on Wednesday for a border security briefing on the 12th day of a partial federal government shutdown triggered by the Republican president’s demand for $5 billion … Continue reading White House calls Democrats' plan to end shutdown 'non-starter'
Brazil’s newly inaugurated President Jair Bolsonaro said on Tuesday his election had freed the country from “socialism and political correctness,” and he vowed to tackle corruption, crime and economic mismanagement in Latin America’s largest nation. Reuters Continue reading Bolsonaro takes office in Brazil, says nation 'liberated from socialism'
Jerome Powell had a bumpy first year as Federal Reserve chairman when it came to talking policy, by turns spooking and comforting investors even as economic data offered increasingly mixed signals and President Donald Trump stepped up his attacks on … Continue reading Fed Chair Powell's unscripted approach sets up for rocky 2019
World stocks bounced off a near two-year low on Thursday, lifted by a dramatic Wall Street surge, though a fall in Chinese industrial profits and renewed Italian banking worries offered a sobering reminder of the problems weighing on the world … Continue reading Wall Street surge lifts world stocks off 22-month low
U.S. President Donald Trump on Tuesday said the partial shutdown of the federal government was going to last until his demand for funds to build a wall on the U.S.-Mexico border is met. Reuters Continue reading Trump says U.S. govt shutdown to last until agreement on border wall
President Donald Trump blasted the Federal Reserve on Monday, describing it as the “only problem” for the U.S. economy, as top officials convened to discuss a growing rout in stock markets caused in part by the president’s attacks on the … Continue reading Trump blasts Fed as 'only problem' in U.S. economy, markets down again