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January 19, 2017 6:49 AM Saudi's Arab National Bank Q4 profit falls 4.9 pct, misses forecasts

DUBAI Jan 19 Arab National Bank, Saudi Arabia's seventh-largest lender by assets, reported a 4.9 percent decline in fourth-quarter profit on Thursday, according to a bourse statement. * Net profit in the three months to Dec. 31 was 565.1 million riyals ($150.8 million), compared to 594.4 million riyals a year earlier. * Average forecast of three analysts 17

January 19, 2017 12:08 AM Netflix's global domination plans find a US fanbase

The streaming service is finding that shows produced abroad catch on at home. It's one of the surprising nuggets that helped fuel a strong fourth quarter. Are US customers interested in watching a post-apocalyptic thriller in Portuguese? Apparently, yes. Netflix said its series "3%," which was made for Brazil, unexpectedly had legs outside that market 16

January 18, 2017 11:37 PM Netflix sees dramatic subscriber growth in fourth quarter, lifted by overseas expansion

Netflix Inc. surged past expectations for the fourth quarter, announcing on Wednesday that it had added nearly 7.1 million subscribers worldwide, well above its forecast additions of 5.2 million for the quarter. The news sent shares of Netflix soaring in after-hours trading Wednesday, with the stock climbing more than 8% to $144. The Los Gatos, Calif 18

January 18, 2017 9:52 PM Netflix shares hit record after subscriber surge

Netflix blasted past its own forecasts -- and most of Wall Street's -- by adding more than 5.8 million paying members between October and December 2016. The Los Gatos, Calif.-streaming TV service also beat expectations for its fourth-quarter earnings performance with adjusted earnings of 15 cents and net income of $67 million. Wall Street had expected 16

January 18, 2017 3:47 PM The Daily 202: Lamar Alexander is dragging Betsy DeVos across the finish line to become secretary of education

THE BIG IDEA: No senator has done more to shield a Donald Trump cabinet pick from scrutiny and tough questions than Lamar Alexander has for Betsy DeVos. After postponing the secretary of education nominee’s hearing for a week, the chairman of the Health, Education, Labor and Pensions Committee (known as HELP) rescheduled it for last night at the very unusual 19

January 17, 2017 7:45 AM Brexit Bulletin: A Clean Break

Prime Minister Theresa May will put Britain on the road out of the European Union’s single market on Tuesday, saying she doesn’t want a relationship that “leaves us half in, half out.” In a blow to businesses and banks, May will use a much-anticipated speech in London to explicitly say she expects to quit the bloc’s single market for goods and services 20

January 17, 2017 6:13 AM Pound quivers near three-month low, stocks weak before May's Brexit stance speech

TOKYO The pound hovered near three-month lows versus the dollar on Tuesday and stocks were mostly weaker as investors waited for British Prime Minister Theresa May to lay out plans to exit the European Union amid fears Britain will lose access to the single market. Speadbetters forecast a slightly lower open for Britain's FTSE .FTSE, Germany's DAX .GDAXI 19

January 16, 2017 2:31 PM IMF Upgrades U.S. Growth Forecast on Trump Stimulus Plans

International Monetary Fund downgrades forecasts for Mexico and most other major emerging economies WASHINGTON—U.S. President-elect Donald Trump hasn’t taken office yet, but he’s already reshaping the global growth outlook. The International Monetary Fund on Monday bumped up its economic growth forecasts for the U.S., saying output could grow nearly 15

January 16, 2017 11:23 AM SKorea's Samsung in Rough Patch With Arrest Request, Recalls

SEOUL, South Korea — A request by South Korean prosecutors to arrest Lee Jae-yong, the 48-year-old vice chairman and de facto leader of Samsung Electronics, has added to the troubles for the country's most valuable company after a spate of recalls last year. Lee faces allegations he offered $36 million in bribes to a friend of President Park Geun-hye 14

January 16, 2017 4:53 AM Emirates NBD Q4 net profit dips 13 pct, maintains dividend

DUBAI Jan 16 Emirates NBD (ENBD), Dubai's largest lender, posted a 13 percent fall in fourth-quarter net profit on Monday, but the earnings still beat analysts' forecasts. The bank made a net profit of 1.86 billion dirhams ($506.4 million) in the three months to Dec. 31, it said in a statement, compared to 2.13 billion dirhams in the corresponding period 20