As Trump heads to Davos, survey points to rising risk of war

BERLIN (Reuters) - The risk of political and economic confrontations between major powers, including outright military conflicts, has risen sharply, according to a survey released by the World Economic Forum (WEF) days before its annual gathering in Davos.


Posted on Wed, 17 Jan 2018 04:03:34 -0500

Exclusive: J&J attracts Chinese interest for diabetes business in potential $3-4 billion deal - sources

HONG KONG (Reuters) - Chinese bidders are circling a diabetes care business owned by the world's largest healthcare company Johnson & Johnson in a deal that could fetch up to $4 billion, five people with direct knowledge told Reuters.


Posted on Wed, 17 Jan 2018 06:09:38 -0500

Former Trump aide Bannon refuses to comply with House subpoena

WASHINGTON (Reuters) - President Donald Trump's former chief strategist Steve Bannon declined on Tuesday to comply with a subpoena ordering him to answer questions from a U.S. House intelligence panel about his time at the White House as part of its investigation into allegations of Russian interference in the U.S. election.


Posted on Wed, 17 Jan 2018 01:47:15 -0500

Bitcoin slumps to $10,000, half its peak price, as regulatory fears grow

LONDON/TOKYO (Reuters) - Bitcoin skidded a further 12 percent on Wednesday, marking an almost halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed last year.


Posted on Wed, 17 Jan 2018 09:28:57 -0500

Goldman posts first quarterly loss in 6 years on tax hit; trading slumps

(Reuters) - Goldman Sachs Inc on Wednesday posted its first quarterly loss in six years on a huge tax charge but adjusted profit trumped analysts' estimates, as strength in the investment banking business cushioned the blow from a slump in trading.


Posted on Wed, 17 Jan 2018 08:58:11 -0500

Pennsylvania race to test Democrats' hopes for anti-Trump wave

HOUSTON, Pa. (Reuters) - The conservative southwest corner of Pennsylvania, a patchwork of small towns, farms and Pittsburgh suburbs where voters backed Republican Donald Trump by 20 percentage points in 2016, seems an unlikely spot for a possible Democratic renaissance.


Posted on Wed, 17 Jan 2018 09:45:01 -0500

#MeToo effect: Calls flood U.S. sexual assault hotlines

WASHINGTON (Reuters) - The phones at U.S. sexual assault hotlines have been ringing in record numbers as the #MeToo social movement spurs victims to reach out for help, sending organizations scrambling to keep up.


Posted on Wed, 17 Jan 2018 06:14:11 -0500

Koreas to form unified ice hockey team, march together in Olympics

SEOUL (Reuters) - The two Koreas will field a combined women's ice hockey team and march together under one flag at next month's Winter Olympics in the South, Seoul said on Wednesday, after a new round of talks amid a thaw in cross-border ties.


Posted on Wed, 17 Jan 2018 09:22:30 -0500

Wall Street opens higher as tech stocks gain

(Reuters) - Wall Street's main indexes opened higher on Wednesday, led by gains in technology stocks including Microsoft and IBM.


Posted on Wed, 17 Jan 2018 09:39:35 -0500

Euro surge threatens profitable bond trades

LONDON (Reuters) - The euro's sizzling January rally is undermining one of the most profitable bond market trades of recent years by potentially raising hedging costs and thereby eroding profits of overseas investors.


Posted on Wed, 17 Jan 2018 06:26:37 -0500