Business

Philanthropist and Microsoft co-founder Bill Gates called on Norway's $800 billion oil fund, one of the biggest investors in the world, to spend more in the poorest countries where little private money reaches. Gates, who runs the $37 billion Bill...

World shares traded near five-year highs on Friday after a robust defense of monetary stimulus from the woman set to take over at the U.S. Federal Reserve next year, while Japanese stocks headed for their best week in almost...

A former JPMorgan Chase executive accused of helping to hide trading losses in a $6.2 billion financial scandal at the bank rejected on Friday a U.S. extradition request, which will now rest in the hands of courts in his...

Germany's Volkswagen (VOWG_p.DE) said group vehicle sales increased 3.8 percent in October on demand from North America and China. Global sales of cars, sport-utility vehicles and vans rose to 818,900 last month from 788,800 the same month a year earlier,...

World stocks rose while major government bond yields fell on Thursday after incoming U.S. Federal Reserve chief Janet Yellen signaled the bank's massive stimulus policy would be needed for some time. In remarks prepared for her nomination hearing before a...

Janet Yellen, President Barack Obama's nominee to lead the U.S. Federal Reserve, will offer a stout defense on Thursday of the central bank's aggressive monetary easing before a Senate panel that includes some tough Republican critics. At a Senate Banking...

French President Francois Hollande (L) German Chancellor Angela Merkel (R) and European Commission President Jose Manuel Barroso leave after a news conference at the end of an international summit France's economic recovery fizzled out in the third quarter of the...

Nigeria's banks are facing a profit squeeze this year as a result of new measures to help the country's economy that are also partly designed to get them to lend more to domestic businesses and consumers. The banking sector, which...

Uncertainty about the timing of a cut in Federal Reserve stimulus and the fine print of economic reforms in China kept global markets under pressure on Wednesday. Emerging Asian currencies and the region's shares took fresh beating overnight in the...

Macy's Inc (M.N) on Wednesday reported higher-than-expected -quarterly sales and earnings, helped by more promotions and advertising, and the department store chain said business had improved as the quarter progressed. Shares of Macy's rose 8.1 percent to $50.08 in premarket...