Business

U.S. crude oil fell to its lowest in almost 6-1/2 years on Friday as huge stockpiles and refinery shutdowns heightened concerns about global oversupply and the Chinese economy. Oil had already tumbled more than 3 percent on Thursday, driven by...

European Union antitrust regulators will decide by Jan. 13 instead of Dec. 8 whether to clear FedEx's (FDX.N) 4.4-billion-euro ($4.90 billion) bid for Dutch rival TNT after the logistics companies asked for more time. The European Commission opened a full-scale...

Electric car maker Tesla Motors Inc (TSLA.O) said it was looking to raise about $642.5 million through a share sale, above the $500 million it announced on Thursday. The company said on Friday it would offer about 2.7 million shares...

Fires are still burning at the site of two massive explosions in the Chinese city of Tianjin, some 36 hours after the blasts. Military chemical experts are testing for toxic gases and rescuers have been told to wear protective clothing. At...

The new head of the Nigerian National Petroleum Corp said on Thursday that he had started a three-pronged restructuring of the state-owned company that should lead to "a new NNPC". President Muhammadu Buhari appointed Emmanuel Kachikwu last week with a...

China's central bank said on Thursday that there was no basis for further depreciation in the yuan given strong economic fundamentals, in a bid to reassure jittery global markets after it devalued the currency earlier in the week. As the...

Network equipment maker Cisco Systems Inc (CSCO.O) reported higher-than-expected quarterly revenue and profit as strong demand for its products in the United States more than offset weakness elsewhere. Shares of Cisco, considered a bellwether for the performance of the broader...

The directive of Nigerian President Muhammadu Buhari to compel government Ministries, Departments and Agencies to maintain the Single Treasury Account (TSA) at the Central Bank, could whittle down the appetite for the issuance of FGN Sovereign bonds, according to...

U.S. stocks opened lower for a second day in a row on Wednesday as China weakened its currency further, increasing worries about a global economic slowdown. The Dow Jones industrial average .DJI fell 146.51 points, or 0.84 percent, to 17,256.33....

Greek banks will have restricted access to bailout funds until a fresh injection of equity to recapitalize them several months from now is approved, sources told Reuters on Wednesday. An initial 10 billion euros ($11.16 billion) will be made available...