Business

Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources said the group and non-member Russia were still trying to bridge differences between the kingdom and...

Oil fell 3 percent on Tuesday, wiping out gains from the previous session, as producing countries meeting in Algeria appeared less likely to agree on output cuts that would reduce a global glut and boost crude prices out of...

The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States. The new figure of 1.7 percent,...

Six Democratic U.S. senators on Tuesday asked embattled Yahoo CEO Marissa Mayer for more information about the internet company's investigation into a hack that compromised data related to 500 million user accounts. The lawmakers said they were "disturbed" the two-year-old...

Bank of America (BAC.N) is set to cut about two dozen investment banking jobs in Asia, including some top dealmakers, sources told Reuters, as a slowdown forces western banks to cut costs. The job cut plan comes after Reuters reported...

U.S. drugmaker Pfizer Inc (PFE.N), which has been considering a split into two companies for more than two years, said on Monday it will not do so because the move would not create any shareholder value. Pfizer will keep its...

Deutsche Bank (DBKGn.DE) said on Monday it had no need for German government help with a $14 billion U.S. demand to settle claims it missold mortgage-backed securities, as its shares hit a record low. German magazine Focus reported at the...

As Russian energy minister Alexander Novak flies to Algeria this week for talks with OPEC on output cuts, developments at home indicate non-OPEC Russia is not preparing for any coordinated production action. Five leading Russian oil companies, responsible for three...

Twitter Inc (TWTR.N) has initiated talks with several technology companies to explore selling itself, a person familiar with the matter said on Friday, signaling the start of what is likely to be a slow-rolling auction of the high-profile but...

Oil prices tumbled 4 percent on Friday on signs Saudi Arabia and arch rival Iran were making little progress in achieving preliminary agreement ahead of talks by major crude exporters next week aimed at freezing production. Also weighing on sentiment...