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World stocks break recovery streak with U.S. and China closed

LONDON World stocks were set to post their first loss in five days on Monday, breaking a winning streak that saw them recover almost half their losses from a violent sell-off two weeks ago. | Video

Recent Business News

BlackRock upgrades outlook for U.S. stocks on earnings momentum

The world's biggest asset manager BlackRock Inc upgraded its view on U.S. stocks, citing very strong earnings momentum, while cutting European stocks to neutral.

2:00pm EST

For timing of Aramco IPO, watch forward oil price curve

LONDON It's the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock market listing?

Feb 18 2018

Global mining deals jump 15 percent by value in 2017: EY

LONDON The value of global mining and metals deals hit a four-year high in 2017, according to accountancy firm EY, as financial distress abated and companies sold off non-core assets.

11:29am EST

BoE's Carney says Bitcoin has 'pretty much failed' as currency

LONDON Bitcoin <BTC=BTSP> has failed as a currency measured by standard benchmarks, and is neither a store of value nor a useful way to buy things, Bank of England Governor Mark Carney said on Monday.

3:06pm EST

South Korea's Moon bemoans GM plant closure move, calls on government to help workers

SEOUL South Korean President Moon Jae-in said on Monday General Motors Co's (GM) decision to shut down a factory south of Seoul will hurt that region, and called upon his administration to take measures to boost economic activity there.

4:04am EST

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