Gunman claims Philly police shooting ‘for Islam’
A gunman claiming allegiance to IS militants shot and seriously wounded a police officer after ambushing his patrol car.
Regulator ‘not going soft’ on banks
The City regulator, the Financial Conduct Authority, is “not going soft on the banks”, its interim chief executive Tracey McDermott says.
Mexico may relent on US extradition of El Chapo
Mexico may finally relent on a U.S. request to extradite the drug lord known as El Chapo, The NY Times reports.
If you’re looking to buy the dip—don’t: Analyst
If you think the sell-off is a buying opportunity, an analyst has a simple message for investors: nope.
ISIS profits from ‘broken system’ of stolen art
A European raid highlighted the problems that allow ISIS to profit from stolen art, The New York Times reports.
Cologne attack suspects include 18 refugees: Official
An government spokesman said police had so far identified 31 people suspected of playing a role in the violence.
NKorea: We’re on brink of war over propaganda barrage
A top North Korean official has given the isolated state’s first reaction since South Korea resumed its propaganda broadcasts on Thursday
US to China: No more ‘business as usual’ with NKorea
John Kerry made clear in a phone call with China’s foreign minister that China’s approach to North Korea had failed.
China’s December inflation edges up but looks sluggish
China’s consumer inflation barely moved higher in December, while companies’ factory-gate prices fell, new official data showed.
‘Don’t blame retail investors for China’s flash crash’
Order placement in the physical and derivative markets needs investigation to find the cause of Shanghai’s plunge, says a top technician.