Business

Oil slipped toward $56 a barrel on Wednesday, under pressure from expectations of persisting oversupply in world markets and an industry report saying U.S. crude stocks rose further from a record high. The American Petroleum Institute said on Tuesday crude...

AOL Inc, owner of the Huffington Post news website and the TechCrunch blog, reported a better-than-expected adjusted profit as revenue surged in its online advertising business. Advertising has become a major revenue stream for AOL as the company moves away...

HSBC bank (HSBA.L) enabled tax avoidance on an industrial scale, Britain's Labour opposition leader Ed Miliband alleged on Wednesday. "It was in the public domain in September 2010 that HSBC was enabling tax avoidance on an industrial scale," Miliband said...

Nigeria's central bank is committed to sustaining a "stable and orderly" market, after a delay to a presidential election pushed the naira beyond 200 to the U.S. dollar for the first time, an adviser to the governor told Reuters...

Nerves over Greece's future in the euro and the conflict in Ukraine dragged on European markets on Tuesday, while bets on the likelihood of a U.S. interest rate hike nudged the dollar higher and oil prices held steady after...

The United States urged a meeting of the Group of 20 leading economies not to resort to currency devaluations to boost exports, while a draft communique gave a gloomy assessment on Tuesday of the outlook for global growth. The meeting...

South Korean tech firm Samsung Electronics Co Ltd will likely pay out a smaller amount in dividends this year compared with that of 2014, a person with direct knowledge of the matter told Reuters on Tuesday. The person, who declined...

Canon Inc (7751.T) plans to buy network video surveillance leader Axis AB (AXIS.ST) for about 23.6 billion Swedish crowns ($2.83 billion), the biggest purchase ever for the Japanese company that is trying to expand beyond the shrinking camera market. Canon...

Greece and its euro zone partners engaged in brinkmanship on Monday, with leftist Prime Minister Alexis Tsipras insisting his country would not extend its reform-linked bailout and Germany saying it would get no more money without such a program. European...

General Motors Co (GM.N) received another 57 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 4,237, according to the administrator of the company's compensation program. Through Friday, GM had received...