Business

Investigations by Chinese authorities into wild stock market swings are spreading fear among China-based investors, with some unsure if they are simply helping with inquiries or actually under suspicion, executives in the financial community said. Chinese fund managers say they...

Oil prices fell on Wednesday after U.S. government data showed a big rise in crude oil stocks, adding to concerns about global oversupply and sluggish economic growth in China. U.S. crude oil stocks rose by 4.67 million barrels to 455.43...

Citigroup Inc (C.N) agreed to sell its consumer banking business in Hungary to Austria's Erste Group Bank AG (ERST.VI) as the third-biggest U.S. bank by assets continues to divest non-core operating businesses. The sale includes Citi's retail banking, consumer loans,...

Japanese lawmakers on Wednesday called for a tough regulatory response to Toshiba Corp's (6502.T) second postponement of its annual results over accounting woes, saying the scandal could erode foreign investor confidence. Regulators are likely to penalize the laptop-to-nuclear power conglomerate...

Nigeria's state oil giant NNPC announced Tuesday a plan to deploy drones to monitor the movement of ships in a bid to fight oil theft on the nation's waterways. The managing director of the Nigerian National Petroleum Corporation (NNPC), Ibe...

World stocks and commodity prices tumbled on Tuesday, as poor Chinese data saw fears about its economic health intensify. After a few upbeat days for world markets, concern about China revived after surveys showed its manufacturing sector shrinking at its...

Fiat Chrysler Automobiles NV (FCAU.N)(FCHA.MI) on Tuesday led off major automakers reporting U.S. August sales, posting a stronger-than-expected rise of 2 percent, boosted by SUV and pickup truck sales. FCA predicted that the auto industry in August will continue its...

Two of America's biggest public pension funds have come together to oppose an amendment of bylaws at Bank of America Corp that would allow Brian Moynihan to continue as both chief executive and chairman of the No. 2 U.S....

U.S. law firm and class action specialist Hausfeld launched a platform on Tuesday to help pursue claims against Google, posing a potential headache for the world's No. 1 Internet search engine amid its regulatory troubles in Europe. Hausfeld has coordinated...

The Nigerian naira weakened against the dollar on Monday on the parallel market after a boost in liquidity and a surge in demand for dollars, traders said. The naira was trading at 218 to the dollar in the bureau de...