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Pound Rebounds after Brexit Upheaval Rout

The pound rebounded slightly Friday after Britain's currency was hammered by Brexit fears, while stock markets diverged and oil prices rallied once more.

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Diesel Driving Bans 'Self-Destructive', Says German Minister

Efforts by courts to impose diesel driving bans are "self-destructive" and put German prosperity at risk, the transport minister warned Friday, as tempers flared in the battle against urban air pollution.

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Iran Media: Gold Traders' Execution a 'Clear Message'

Iran's newspapers on Thursday said the execution of two financial traders was a "clear message" to others seeking to "disrupt" the country's economy.

Vahid Mazloomin, dubbed the "Sultan of Coins", and his accomplice Mohammad Esmail Ghasemi, were both executed less than a month after being convicted of "corruption on earth" -- one of Iran's most serious charges.

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Wall Street Sell-Off Resumes as Global Worries Persist

Wall Street opened in the red on Thursday, extending a streak of losses for the Dow to five days as investors digested a mixed bag economic and political news.

Before the open, manufacturing surveys showed criss-crossing results in the New York and Philadelphia regions while volatile auto and gasoline sales gave the retail sector a healthy boost.

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Amazon Rules, Walmart Gains in e-Commerce

Amazon is extending its dominance in US e-commerce, but Walmart is seeing strong gains and is poised to become the number three online retailer, a market tracker said Thursday.

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Emirates Airline Half Year Profit Slides 86% on Oil Hike

Emirates Airline reported on Thursday an 86 percent drop in its half year results due to a hike in oil prices, the company said in a statement.

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Pound Plunges as UK Ministers Quit over Brexit Deal

The pound plunged against the dollar and euro Thursday after ministers, including Britain's Brexit secretary Dominic Raab, quit in protest against a draft deal to exit the EU.

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IMF Says Qatar Economy Growing despite Crisis

Qatar's economy is growing despite a bitter trade and diplomatic rift with neighboring former allies, the IMF said Wednesday after a week-long visit to the Gulf state.

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APEC Summit: The Xi Show by the Sea Shore

Hundreds of fluttering red flags, buses emblazoned with "China Aid" logos and even a purpose-built pagoda: driving around Port Moresby, you could be forgiven for thinking that Xi Jinping is hosting this week's APEC summit of Asia-Pacific leaders.

U.S. President Donald Trump's decision to skip the summit in Papua New Guinea has allowed the Chinese leader to take center stage, an opportunity that Beijing is seizing with relish.

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First Slowdown since 2015 Brings Angst for German Economy

Germany's years-long run of steady growth came to a screeching halt in the third quarter, official data showed Wednesday, with a widely-expected bottleneck in the vital car industry matched by broader structural concerns.

Federal statistics authority Destatis reported a 0.2-percent slump in gross domestic product (GDP) between July and September -- the first fall in the measure since early 2015 and worse than forecast by analysts after months of troubling economic indicators.

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