Business

Anheuser-Busch InBev (ABI.BR) expects to cut some 3 percent of its combined workforce after it has acquired rival SABMiller (SAB.L), according to takeover documents published on Friday. That would be some 5,500 jobs, according to a source with information on...

The case for raising U.S. interest rates has strengthened in recent months because of improvements in the labor market and expectations for moderate economic growth, Federal Reserve Chair Janet Yellen said on Friday. Yellen did not indicate when the U.S....

U.S. interest rates futures clung to earlier gains on Friday as data showed domestic gross product grew 1.1 percent in the second quarter, which is slower than previously thought and supports the view the Federal Reserve would refrain from...

Apple Inc issued a patch on Thursday to fix a dangerous security flaw in iPhones and iPads after researchers discovered that a prominent United Arab Emirates dissident's phone had been targeted with a previously unknown method of hacking. The thwarted...

Luxury automaker Lamborghini expects to at least double production to 7,000 vehicles a year by 2019 once it rolls out a new SUV, but it will not lose its focus on making sports cars, Chief Executive Officer Stefano Domenicali...

Oil prices fell on Wednesday, with U.S. crude futures losing more than 1 percent, on data pointing to a potential build in domestic crude stockpiles that offset market bulls' speculation of an OPEC output freeze. The American Petroleum Institute (API),...

Swiss bank UBS (UBSG.S) is leading a team of four of the world's biggest banks developing a system to enable financial markets to make payments and settle transactions quickly using blockchain technology. UBS has developed a "Utility Settlement Coin" (USC),...

Oil fell below $49 a barrel on Tuesday, giving up part of August's strong rally, as signs of rising supply outweighed hopes that producing nations will agree steps to support prices. A Nigerian militant group, which has claimed a wave...

The world's largest indoor theme park is set to open in Dubai this month to lure back some of the tourists and residents who often flee abroad during the scorching desert summer. In a sandy suburb beyond Dubai's concrete jungle...

Pfizer Inc (PFE.N) said on Monday it would buy U.S. cancer drug company Medivation Inc (MDVN.O) in a deal valued at about $14 billion, adding blockbuster prostate cancer drug Xtandi to its portfolio. Medivation shares were up 20 percent at...