Business

International Business Machines Corp said on Monday it launched Linux-only mainframe servers called LinuxONE. The severs include LinuxONE Emperor for large enterprises and Rockhopper for mid-size businesses. IBM said LinuxONE Emperor can scale up to 8,000 virtual machines or thousands of...

European stocks rebounded from last week's heavy selloff on Monday and the dollar rose broadly, with investors reassured by stability in China's yuan exchange rate after it was fixed slightly higher for the second day running. Asian markets were more...

China's move to weaken the yuan last week could head off further similar "adjustments", and the yuan is likely to move in both directions as the economy stabilizes, Ma Jun, chief economist at the central bank said on Sunday. The...

IndiGo, India's biggest airline by market share, has finalised the purchase of 250 Airbus (AIR.PA) A320neo aircraft, handing the European company its largest-ever order by number of planes in a deal worth $26.55 billion at list prices. The agreement confirms...

The new head of the Nigerian National Petroleum Corp (NNPC) said on Sunday he will review all production-sharing contracts and joint venture agreements with its partners "to reflect current day realities in the global oil and gas industry". Emmanuel Kachikwu,...

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...