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Wells Fargo chief Stumpf heads to Hill with pressure mounting

Wells Fargo & Co's Chief Executive John Stumpf returns to Capitol Hill on Thursday with his job still under threat and the bank facing rising political pressure over a sales scandal that has become a major issue in Washington and on Wall Street.

Car industry puts cooperation on show in battle against Silicon Valley firms

PARIS/FRANKFURT Alarmed by the threat posed by Silicon Valley firms to their businesses in developing autonomous driving systems, it was evident at the Paris Motor Show this week that carmakers are seeking to fight back by cooperating in areas of technology development where previously they might have tried to compete.

Philippines boxing icon Pacquiao used drugs as a teen but backs Duterte

MANILA Philippines boxing icon Emmanuel "Manny" Pacquiao says he took all kinds of drugs as a teenager but fully supports President Rodrigo Duterte, whose vicious anti-drugs campaign has led to the killing of more than 3,000 people, mostly users and pushers, in three months.

Fed, BOJ add shine to risk-parity strategy

NEW YORK The Federal Reserve and Bank of Japan's actions last week have given a second wind to an alternative investment strategy that relies on cheap money and low market volatility to produce outsized returns.

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