Business

The number of Americans filing for unemployment benefits fell to near a 44-year-low last week, pointing to further tightening in the labor market even as economic growth appears to have remained moderate in the first quarter. Initial claims for state...

China supports the work of the World Trade Organization (WTO), the country's foreign ministry said on Thursday, after U.S. President Donald Trump's administration said it might defy WTO rulings it viewed as interfering with U.S. sovereignty. Maintaining a fair and...

U.S. President Donald Trump said on Monday he is seeking a "historic increase" in military spending to be funded by cuts elsewhere in government. Trump will seek to boost Pentagon spending by $54 billion in his first budget proposal and...

The London Stock Exchange (LSE.L) has all but ended a planned merger with Deutsche Boerse (DB1Gn.DE) to create Europe's biggest exchange, which had faced growing opposition since Britain's vote to leave the European Union. A demand from European antitrust regulators...

China's state-run Zhenhua Oil has signed a preliminary deal with Chevron (CVX.N) to buy the U.S. oil major's natural gas fields in Bangladesh that are worth about $2 billion, two Beijing-based Chinese oil executives said. Zhenhua is a subsidiary of...

Oil traders from around the world, including the United States, Britain and Brazil, have tripled their sales to Asia as they take advantage of an emerging supply gap following OPEC-led production cuts announced late last year. Around 30 supertankers have...

U.S. online retailer Amazon.com Inc (AMZN.O) will open its fifth logistics center in Poland this year, it said on Monday, seeking to benefit from the country's relatively low wages and proximity to the large German market. The decision adds to...

European stocks rose on Monday, with gains in telecoms and banks offsetting a big fall in Unilever, while the dollar dipped as uncertainty over politics and the timing of a U.S. interest rate rise kept investors nervous. U.S. markets were...

Kraft Heinz Co's (KHC.O) rapid retreat from its surprise $143 billion bid for Unilever (ULVR.L) (UNc.AS) in the face of stiff resistance knocked the Anglo-Dutch company's shares on Monday as investors assessed the impact of the failed approach. Kraft, which...

.... Nigeria's Naira May Also Be A Victim - Traders Local and international banks have been accused of rigging the price of South Africa's currency, the rand, by the country's competition watchdog.   Global giants Barclays, JP Morgan and HSBC are among...