Obama Urges Delay of Automatic Spending Cuts

Feb. 5 (Bloomberg) -- President Barack Obama speaks at a news conference in Washington about efforts to reduce the U.S. deficit and the need for Congress to postpone automatic spending cuts scheduled to begin March 1. (Source: Bloomberg)

Algeria Says Saudi Is Open to Output Cut
18:15 - Looks like there could be an end in sight to the global oil glut. Algiers Energy Minister declared Saudi Arabia is willing to cut production and major oil producing nations are meeting in Algeria this week with hopes they will agree to a freeze on output. Bloomberg's Juliette Saly reports on "Daybreak Asia." (Source: Bloomberg)
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