Business

Oil rose more than 1 percent on Monday, boosted by a commitment from OPEC to stick to a deal to cut output, but prices remained more than $7 below last month's high due to persistent doubts over the feasibility...

No matter who wins the race for the White House, markets are betting on one truly safe investment, and that is the currency of a country with bleak economic prospects - Japan. Markets had long been pricing in a victory...

The Swiss federal tax administration (FTA) has decided not to appeal against a court decision to let UBS inspect files and receive information in a tax investigation by French tax authorities, FTA said on Monday. The Swiss federal administrative court...

Stocks and the dollar posted their biggest gains in weeks on Monday after the FBI said it stood by an earlier recommendation that no criminal charges were warranted against Democrat Hillary Clinton. The news lifted a cloud over Clinton's presidential...

Chipmaker Broadcom Ltd (AVGO.O) said on Wednesday it would buy network gear maker Brocade Communications Systems Inc (BRCD.O) for $5.5 billion in cash, to expand its fiber channel and data storage businesses. The $12.75 per share offer represents a premium...

Crude oil prices fell for a fourth day on Wednesday as jittery investors awaited official U.S. stockpile figures later in the day after industry data showed a surprise build in inventories, underlining the market's supply overhang. The American Petroleum Institute...

New York's financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopted trailblazing virtual currency rules last year. But the state lost that momentum when the agency's chief left, putting a licensing...

General Electric Co (GE.N), banking on a recovery in oil prices, said on Monday it would merge its oil and gas business with No. 3 oilfield services provider Baker Hughes Inc (BHI.N). GE will own 62.5 percent of the new...

Alibaba Holdings Group Ltd. (BABA.N) said on Monday it has reorganized its media and entertainment businesses to form one group headed by mobile business group head Yu Yongfu. The company also said it plans to raise more than 10 billion...

Investors in Asia bought the Japanese yen, sold South Korean stocks and stayed away from volatile assets on Monday, reacting to opinion polls showing Democratic candidate Hillary Clinton's lead over her Republican rival Donald Trump narrowing further in the...