The dollar retreated against major rivals on Wednesday, with the euro reaching a three-year high, as U.S. Treasury Secretary Steven Mnuchin reportedly told reporters in Davos that a weaker dollar was good for the U.S. economy.

The man behind China's economic policy took the stage at Davos on Wednesday, pledging to push forward the country's four-decade reform and further open the country to the world.

Procter & Gamble reported higher quarterly sales Tuesday behind strength in some health and beauty products, but earnings tumbled in part due to one-time costs connected to U.S. tax reform.

Indian Prime Minister Narendra Modi acknowledged Tuesday that globalization is "losing its luster" but warned that new trade walls are not the answer, opening a week of Davos meetings that will climax with a speech by the loudly protectionist U.S. President Donald Trump.

The European Union on Tuesday removed eight countries including Panama and South Korea from its new tax haven blacklist after they pledged to address their concerns, the bloc said.

China and South Korea on Tuesday hit out at a US decision to impose stinging tariffs on imported solar panels and washing machines, which marked the latest salvo in Donald Trump's "America First" drive.

The world's richest one percent raked in 82 percent of the wealth created last year while the poorest half of the population received none, Oxfam said Monday, as the world's elite prepared to mingle at the World Economic Forum in Davos.

Europe's stock markets diverged Monday in a muted response to the U.S. government shutdown, and despite hopes that German Chancellor Angela Merkel will be able to form a new administration.

Dubai-owned mammoth port operator DP World has formed a $3-billion joint investment platform with India's government-backed National Investment and Infrastructure Fund, a statement said on Monday.

Swiss banking giant UBS reported Monday that its profits plummeted 63 percent last year due to US tax reforms that hit fourth-quarter earnings.