Business

OECD Sees Gradual World Recovery, Urges ECB To Do More

The global economy will gradually improve over the next two years but Japan will grow less than previously expected while the euro zone struggles with stagnation and an increased deflation risk, the OECD said on Tuesday. There will be marked...

Malware Called ‘Groundbreaking’

'Regin' malware described as 'groundbreaking and almost peerless' Experts don't know where it came from, and aren't quite sure what it does. But they do know this: a newly-uncovered cybersecurity threat appears to have been designed by a government, and is...

Stock Futures Rise, Boosted By Merger Activity

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U.S. stock index futures rose on Monday, indicating that major indexes would move further into record territory, on the back of multiple merger deals and hopes that China will take further accommodative monetary policy action. Equities closed a fifth straight...

Oil Price Seen Falling To $60 If OPEC Does Not Cut Output

Oil prices could plunge to $60 a barrel if OPEC does not agree a significant output cut when it meets in Vienna this week, market players say. Brent crude futures have fallen 34 percent since June to touch a four-year...

Falling Inflation A Worry For Europe But Also The World

European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13 trillion euro zone economy. A sickly Europe has held back...

Intel Could Rise 30 Percent Over Next Two Years: Barron’s

Shares in microprocessor maker Intel Corp (INTC.O) could rise more than 30 percent to $48 over the next two years, Barron's reported in its Nov. 24 edition. With shares recently at over $35, the stock is halfway to the five-year...

Nigeria To Cut Petrol Subsidy By Half In 2015 As Oil Price Falls

Nigeria plans to cut subsidies on petroleum products by half next year after sharp falls in global crude prices, spurred the government to revise its 2015 budget downwards, data from the revised budget seen by Reuters showed on Friday. President...

Visa Sees Visa Europe Option Now Costing More Than $10 Billion

Visa Inc (V.N), the world's largest credit and debit card company, said it might have to pay more than $10 billion to buy its London-based European licensee, Visa Europe Ltd, if its owners exercise their option to sell it. Visa...

European Parliament May Propose Google Break-up In Draft Resolution

The European Parliament is preparing a non-binding resolution that proposes splitting Google Inc's (GOOGL.O) search engine operations in Europe from the rest of its business as one possible option to rein in the Internet company’s dominance in the search...

Lockheed, Pentagon Ink $4.7 Billion Deal For Eighth Batch Of F-35 Fighters

The Pentagon said on Friday it had awarded Lockheed Martin Corp (LMT.N) a contract valued at $4.7 billion for an eighth batch of F-35 fighter jets that lowered the average price per jet by 3.5 percent from the last...