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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

Congress sets sights on federal cryptocurrency rules

WASHINGTON Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters.

Software may have helped Daimler pass U.S. emissions tests: report

BERLIN U.S. investigators probing Mercedes maker Daimler have found that its cars were equipped with software which may have help them to pass diesel emissions tests, a German newspaper reported on Sunday, citing confidential documents.

Feb 18 2018

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

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

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