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Deficit doubts on tax bill cool Wall Street rally

U.S. stock futures pointed to a reversal of some of this week's gains for Wall Street on Friday as a delay in voting on a Republican tax overhaul kept investors on edge about its passage.

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Beauty contest: China make-up brands rein in South Korea rivals

SEOUL/SHANGHAIAs a diplomatic spat between Beijing and Seoul raged this year, many South Koreans felt decidedly unwelcome in China. South Korean businesses were shunned, K-pop concerts were canceled and tourist trade dried up.

China, France, South Korea 5:03am EST

Germany removes Tesla from subsidies list as too pricey

BERLIN A German government agency has removed Tesla from the list of electric cars eligible for subsidies, sparking a row with the U.S. company over whether its Model S is too expensive to qualify for the scheme.

7:31am EST

U.S.-listed Chinese financial firms drop as China sets new rules

U.S.-listed shares of Chinese financial firms slipped in premarket trade on Friday after Reuters reported that China's regulators had circulated new rules to local governments to clamp down on cash loan firms.

7:34am EST

Too cold for a theme park, Disney looks to toy stores in Russia

MOSCOW Though too cold for a theme park, Russia's underserved toy market makes it an attractive business prospect for Walt Disney Co , the head of its Russian operations said on Friday.

6:47am EST

India's Wipro faces lawsuit from National Grid US

Wipro Ltd , India's No.3 software exporter, said on Friday that it would challenge a lawsuit filed by National Grid US seeking damages of over $140 million related to a project that dates back to 2009.

7:45am EST

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