Business

Oil rose by as much as 6.5 percent on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost...

American Express Co said on Monday it would increase parental leave and family benefits for U.S. employees from January, joining a list of big U.S. financial companies that have done so this year. AmEx's new family benefits include 20 weeks...

Struggling telecom equipment maker Ericsson (ERICb.ST) said on Thursday sweeping staff cuts in its Swedish home market were running ahead of schedule, resulting in higher restructuring costs this year. The company said in October it was cutting about a fifth...

The number of Americans filing for unemployment benefits fell from a five-month high last week, pointing to labor strength that underscores the economy's sustained momentum. A tight labor market together with signs of a strengthening economy and steadily rising inflation...

The European Union started legal action on Thursday against seven countries including Germany and Britain for failing to police emissions test cheating by carmakers after the Volkswagen (VOWG_p.DE) scandal. Amid mounting frustration in Brussels over what it sees as governments...

European shares followed Asian stocks higher on Wednesday, buoyed by reports Italy would step in to rescue troubled bank Monte dei Paschi and expectations the European Central Bank would extend its bond-buying stimulus scheme this week. Italian government bond yields...

Office supplies retailer Staples Inc (SPLS.O) said on Wednesday it would sell its controlling stake in its European business to an affiliate of private equity firm Cerberus Capital Management LP to focus on its North American operations. Staples' European unit...

While the British government tries to prevent parliament voting on its plan to trigger the country's exit from the European Union, Reuters research indicates the lower house would in fact support its move, based on lawmakers' recent statements. Prime Minister...

Britain's competition watchdog has fined Pfizer (PFE.N) a record 84.2 million pounds ($107 million) for its role in ramping up the cost of an epilepsy drug by as much as 2,600 percent. The Competition and Markets Authority (CMA) also fined...

Japan's Sony Corp (6758.T) will release as many as six smartphone games in the next financial year, hoping that its own gaming franchises can replicate the success of console rival Nintendo Co's (7974.T) Pokemon GO. The upcoming titles will free...