Business

Oil fell below $57 a barrel on Friday after the International Energy Agency said a global oil glut was building and U.S. oil production showed no signs of slowing yet. The IEA, which advises industrialized countries, said in its monthly...

UniCredit is in discussions with U.S. authorities investigating the Italian bank for possible violations of sanctions on Iran, its chief said after news Commerzbank had agreed to a settlement in a related probe. Commerzbank will pay U.S. authorities $1.45 billion...

From cut-price apple pies to free iPads, companies in China are transforming Sunday's dreaded consumer rights day into a shopping frenzy, to blunt the impact of being named and shamed in state broadcaster CCTV's annual expose. McDonald's Corp is discounting...

KFC, the world's largest chain of fried chicken restaurants, may face pressure from consumer and environmental groups to change how its poultry are raised after McDonald's Corp (MCD.N) said it would switch to chicken raised without human antibiotics. McDonald's will...

A federal appeals court upheld a district judge's decision to drop manslaughter charges against two former BP Plc (BP.L) well site managers over their roles in the 2010 Gulf of Mexico oil drilling disaster that killed 11 people. Robert Kaluza...

U.S. stock index futures pointed to a slightly higher open on Wednesday, implying a modest rebound from a sharp decline in the previous session, though questions remain about when the Federal Reserve would adjust its rate policies. Wall Street fell...

The battered euro took another plunge toward parity with the dollar on Wednesday, shedding over 1 percent to trade below $1.06 for the first time in 12 years as a 1.1 trillion euro bond-buying program began to bite. The European...

UBS AG has poached a U.S. team of some 15 oil and gas investment bankers from Bank of Montreal (BMO), significantly weakening the energy dealmaking capacity at Canada’s fourth-largest bank, people familiar with the matter said. The moves come amid...

Before last Friday, many investors opined that the U.S. Federal Reserve would probably raise interest rates only once this year. Making the first hike in about nine years would be almost symbolic, as if the central bank was showing...

Big U.S. banks, including JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N), are expected to win Federal Reserve backing on Wednesday to buy back more shares and increase their dividends in the coming year, but the approvals may...