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Global markets drift ahead of Trump speech to Congress

Kelvin Chan, Associated Press  |  Posted   Feb 28th - 5:54am

Global stock markets traded in fairly narrow ranges Tuesday as investors awaited a speech by President Donald Trump to both houses of Congress that could have a major bearing on the outlook for all types of financial assets in the near-term.

Trump ordering review of Obama rule protecting small streams

Jill Colvin, Associated Press  |  Posted   Feb 28th - 5:54am

President Donald Trump will sign an executive order Tuesday mandating a review of an Obama-era rule aimed at protecting small streams and wetlands from development and pollution.

Trump looks to refocus his presidency in address to Congress

Julie Pace, Associated Press  |  Posted   Feb 28th - 5:42am

With his first address to Congress, President Donald Trump has an opportunity to refocus his young administration on the economic issues that helped him get elected. His allies hope it will help him move beyond the distractions and self-inflicted wounds that he has dealt with so far.

French candidates canvass for votes from despairing farmers

The Associated Press  |  Posted   Feb 28th - 5:40am

French far-right presidential candidate Marine Le Pen is stroking cows and promising new, improved subsidies to farmers who fear their livelihood is on its last legs after years of crisis.

Target rattles Wall Street with weak quarter, outlook

The Associated Press  |  Posted   Feb 28th - 5:35am

Target reported a 43 percent drop in fourth-quarter profit and weak store sales overshadowed an improving online performance. Its outlook for the first quarter and all of 2017 were far below what industry analysts had been expecting.

Pakistan deploys extra police ahead of key regional summit

Asif Shahzad, Associated Press  |  Posted   Feb 28th - 5:35am

Pakistan deployed extra police forces and paramilitary units on Tuesday in the country's capital to boost security ahead of a regional summit on economic cooperation, officials said.

EU court rejects bid to nix tariffs on Chinese solar panels

The Associated Press  |  Posted   Feb 28th - 5:27am

A European Union court on Tuesday dismissed a bid by 26 companies to annul anti-dumping tariffs imposed by the bloc on Chinese solar panels more than three years ago.

South Korean prosecutors indict Samsung's de facto chief

Youkyung Lee and Kim Tong-Hyung, Associated Press  |  Posted   Feb 28th - 5:25am

South Korean special prosecutors indicted Samsung's de facto chief Tuesday on bribery, embezzlement and other charges linked to a political scandal that has toppled President Park Geun-hye.

Fake fashion fuels vast illicit profits, sea of human misery

Lynne O'Donnell, Associated Press  |  Posted   Feb 28th - 5:24am

In a warehouse at London's sprawling Heathrow Airport, a border officer pulls open a cardboard box he suspects contains contraband goods. Bingo — his instincts are rewarded.

Saudi Aramco inks $7 billion deal for Malaysian oil venture

Eileen Ng, Associated Press  |  Posted   Feb 28th - 5:15am

Oil giant Saudi Aramco signed a $7 billion deal Tuesday to take a 50 percent stake in a mega Malaysian oil refinery project, in a pact expected to help Saudi Arabia increase trade in Southeast Asia.

The Latest: Trump suggests leaving many fed jobs unfilled

The Associated Press  |  Posted   Feb 28th - 5:15am

The Latest on President Donald Trump (all times local):

5 things analysts and investors want to hear in Trump speech

Christopher S. Rugaber, Associated Press  |  Posted   Feb 28th - 5:06am

Economists and investors will be looking for one thing above all from President Donald Trump's speech to the nation Tuesday night:

How would you change France? Voters in downbeat town respond

Nicolas Garriga, Associated Press  |  Posted   Feb 28th - 4:53am

A handwritten sign invited market-goers in Crepy-en-Valois, a down-and-out town north of Paris, to make their voices heard ahead of France's pivotal presidential election.

Etna volcano erupts in fiery show of lava in eastern Sicily

The Associated Press  |  Posted   Feb 28th - 4:03am

Mount Etna has erupted in a fiery show of lava in eastern Sicily.

IMF says Iran rebounds after nuclear deal, but danger looms

Jon Gambrell, Associated Press  |  Posted   Feb 28th - 3:53am

Iran's economy rebounded out of a recession after the nuclear deal with world powers, the International Monetary Fund said on Tuesday, though uncertainty over future sanctions and problems plaguing the country's domestic banks could cause fiscal trouble ahead.

Bailout talks restart in Greece as big repayment dates loom

The Associated Press  |  Posted   Feb 28th - 3:33am

Talks between bailout inspectors and the Greek government have resumed in Athens after a months-long delays caused by disagreements over austerity measures.

EU budget chief: could use part of oil tax to finance EU

The Associated Press  |  Posted   Feb 28th - 3:33am

The European Union's budget chief is suggesting that member countries could in the future put aside a portion of their tax revenues from oil to help finance the bloc.

Malaysian tycoon stresses over Vancouver project with Trump

Eileen Ng, Associated Press  |  Posted   Feb 28th - 2:32am

Malaysian property developer Tiah Joo Kim got way more than he bargained for when he signed a licensing deal to use the Trump brand on the Trump International Hotel and Tower that is opening this week in the Canadian city of Vancouver.

China's coal consumption falls for 3rd year in a row

Louise Watt, Associated Press  |  Posted   Feb 28th - 2:19am

China's consumption of coal fell in 2016 for a third year in a row, official data showed Tuesday, as the world's top carbon polluter has emerged as a global leader in addressing global warming.

NKorea official in Beijing after China's ban on coal imports

The Associated Press  |  Posted   Feb 28th - 2:19am

A senior North Korean diplomat arrived in Beijing on Tuesday for talks following China's ban on coal imports from its neighbor and the killing of the exiled half brother of North Korean leader Kim Jong Un.