financial services

Stocks head lower, threatening to break a winning streak

U.S. stocks headed lower in early trading Thursday, putting the S&P 500 index on pace for just its fourth decline this month. The losses were widespread, with health care, communications and technology companies accounting for much of the decline. A mixed batch of reports on the U.S. economy helped keep markets in check, and investors … Continue reading Stocks head lower, threatening to break a winning streak

BEIJING | Global stocks mostly rise ahead of US-China tariff war talks

BEIJING (AP) — Most global stock markets rose Thursday as U.S. and Chinese officials entered two days of negotiations aimed at ending a bruising tariff battle. In midday trading in Europe, Britain’s FTSE 100 fell 0.7 percent to 7,178 after EU Commission President Jean-Claude Juncker said he remains downbeat on the prospect of Britain avoiding … Continue reading BEIJING | Global stocks mostly rise ahead of US-China tariff war talks

FRANKFURT, Germany | European Central Bank concerned by economic slowdown

FRANKFURT, Germany (AP) — Top officials of the European Central Bank worried at their last meeting that the slowdown in economic growth might be “deeper and more broad-based” than previously suspected. The written account of the Jan. 24 meeting released Thursday indicated the bank’s 25-member rate-setting council felt they had to balance acknowledgement of worsening … Continue reading FRANKFURT, Germany | European Central Bank concerned by economic slowdown

MOSCOW | US embassy urges Russia to allow visit to jailed US investor

MOSCOW (AP) — The United States Embassy in Moscow has called on Russian authorities to allow its staff to visit a U.S. investment fund manager who has been jailed pending a fraud investigation. Michael Calvey, founder and senior partner at the Baring Vostok equity firm, was detained last week and jailed for two months pending … Continue reading MOSCOW | US embassy urges Russia to allow visit to jailed US investor

WASHINGTON | Minutes show Fed officials noted number of rising threats

WASHINGTON (AP) — Federal Reserve policymakers last month noted greater threats to the U.S. economy, ranging from adverse effects of the government shutdown to rising trade tensions, and opted to emphasize that they would be “patient” in raising interest rates. Minutes of the Fed’s discussions in January showed that Fed officials also felt that further … Continue reading WASHINGTON | Minutes show Fed officials noted number of rising threats

ATHENS, Greece | national bank of greece protests, says minister is meddling

ATHENS, Greece (AP) — Greece’s central bank chief asked Prime Minister Alexis Tsipras to intervene on Tuesday after a cabinet minister phoned him to tell him how to do his job and then allegedly leaked the conversation to the press. In a statement, bank chief Yiannis Stournaras deplored the deputy minister’s “unheard-of” attempt to influence … Continue reading ATHENS, Greece | national bank of greece protests, says minister is meddling

TOKYO | Sony quarterly profit rises on games, financial services

TOKYO— Japanese electronics and entertainment company Sony Corp.’s net profit rose 32 percent in the last quarter, helped by healthy video game sales and its financial services business, the company said Tuesday. Tokyo-based Sony’s profit totaled 173 billion yen ($1.5 billion) in July-September, up from 131 billion yen the year before. Quarterly sales totaled 2.18 … Continue reading TOKYO | Sony quarterly profit rises on games, financial services

NEW YORK | What comes next in Facebook’s major data breach

NEW YORK— For users, Facebook’s revelation of a data breach that gave attackers access to 50 million accounts raises an important question: What happens next? For the owners of the affected accounts, and of another 40 million that Facebook considered at risk, the first order of business may be a simple one: sign back into … Continue reading NEW YORK | What comes next in Facebook’s major data breach