US heading for recession after 2 years of unsustainable growth, economist says

The U.S. is headed for a recession in the next two years as excessive fiscal stimulus from the President Donald Trump administration takes the economy into unsustainable territory, Adam Posen, president of the Peterson Institute for International Economics, told CNBC...

Exclusive: Citigroup to seek bids for Asia general insurance distribution deal – source

SINGAPORE (Reuters) – Citigroup Inc will seek bids from global insurers keen to sell general insurance products across the U.S. bank’s Asia-Pacific markets, in a deal that could be worth at least $500 million, a source with knowledge of the matter told...