ADDIS ABABA / AP The UN Secretary General has commended African countries for opening their borders to refugees and people fleeing violence while other parts of the world, including the developed West, close boundaries and build walls. Antonio Guterres made the remarks Monday in Addis Ababa where several dozen African leaders are attending the summit of the African Union. ...

  Bloomberg Two days after moving to block the entry of citizens of seven majority Muslim countries, President Donald Trump’s talks with two Gulf Arab leaders contained no public mention of the ban. The focus, instead, was on anti-terrorism efforts and confronting a mutual foe: Iran. Trump spoke by phone on Sunday with Saudi Arabia’s King Salman, whose country is ...

  YANGON / AP Myanmar politicians, activists and others shocked by the assassination of a longtime adviser to leader Aung San Suu Kyi gathered on Monday at a cemetery for an emotional funeral ceremony, while police investigated the motive for the killing. Ko Ni, a prominent lawyer and member of Myanmar’s Muslim minority, was shot in the head at close ...

  MANILA / AP The Philippine police chief stopped the use of the national police force in anti-drug operations on Monday and disbanded all police anti-narcotics units after the president’s brutal crackdown was used as a cover by rogue officers to kidnap and kill a South Korean man for money. Police Director-General Ronald Dela Rosa told police officers he would ...

  DUBAI / Reuters Middle Eastern equity markets diverged on Monday, with last week’s top gainers pulling back on profit taking while strong quarterly earnings from courier firm Aramex bolstered Dubai. The Saudi Arabian index fell 0.7 percent, snapping seven consecutive sessions of gains. Twelve of the 14 listed petrochemical producers pulled back as Brent oil futures fell near $55 ...

  Bloomberg US stocks fell the most since the presidential election, while Treasuries advanced with gold as Donald Trump’s order on immigration raised concern that he may follow through with isolationist policies touted on the campaign trail, overshadowing a pro-growth agenda. The Dow Jones Industrial Average tumbled more than 200 points, retreating below 20,000 after closing at records last week. ...

  Bloomberg UniCredit SpA dropped in Milan trading after it said the European Central Bank had demanded an improved plan for dealing with bad loans by the end of February. The bank’s strategy for shoring up its finances may not adequately address the ECB’s concerns about credit quality, according to a filing on Monday detailing UniCredit’s plans for a 13 ...

  Bloomberg Citigroup Inc. plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans. The bank reached an agreement to sell the servicing rights on Fannie Mae- and Freddie Mac-backed loans with $97 billion of outstanding balances to New Residential Mortgage LLC, New York-based Citigroup said Monday in a statement. The bank also ...

  Bloomberg Central bankers may do well to pay less attention to the bond market and their own forecasts than they do to newspaper articles. That’s the somewhat heretical finding of a new algorithm-based index being tested at Norway’s central bank in Oslo. Researchers fed 26 years of news (or 459,745 news articles) from local business daily Dagens Naringsliv into ...

  Bloomberg The head of Bank of Montreal says Canada’s biggest financial institutions are actively grooming women to become chief executive officers, ending centuries of male rule at the country’s top lenders. “There are five large Canadian banks,” CEO Bill Downe said in an interview. “I think it’s inevitable.” Canada’s biggest banks have never had a female CEO, reflecting the ...