Business

One of BP's attempts to curb payouts for what it says are "fictitious" and "absurd" claims related to the 2010 Gulf of Mexico oil spill has failed after a legal appeal was rejected by a U.S. court. BP had argued...

Total (TOTF.PA) is set to become the first major oil company to invest in Britain's nascent shale gas industry, boosting the industry's profile in a country seen as one of Europe's strongest prospects for unconventional oil and gas development. The...

New Year's rivalry among U.S. mobile operators has Wall Street worried that the industry's profits could seriously decline. After months of aggressive moves by T-Mobile US to lure customers from other carriers, No. 2 operator AT&T Inc counter-attacked on January...

Lithuania must demonstrate its public finances are sustainable in the medium term to win approval to adopt the euro in 2015, Olli Rehn, the European commissioner in charge of economic and monetary affairs, said on Saturday. The Baltic state, which...

Australia's biggest phone company Telstra Corp. is in advanced talks with a U.S. private equity firm over the sale of its Sensis directories business for as much as A$3 billion ($2.7 bln), local media reported on Saturday. The Melbourne-based telco...

The Nigerian sugar market has an estimated potential of 1.7 million tons, according to the United States Development of Agriculture (USDA). Data obtained from the National Sugar Development Council (NSDC) reveals that the country’s sugar consumption in 2012 was...

Ivory Coast Prime Minister Daniel Kablan Duncan said his nation will boost oil production within five years to 200,000 barrels a day, rivaling neighboring Ghana as stability returns to a country racked by a decade of turmoil. The West African...

China's export growth slowed more than expected in December due to a higher comparison base a year earlier and a clamp-down on speculative activities disguised as export deals, missing the official target on foreign trade. But the outlook for 2014...

Fiat (FIA.MI) could use a mandatory convertible bond as a way of financing investments after its $4.35 billion deal to buy the rest of Chrysler, the Italian carmaker's chief executive said in an interview with Italian newspaper La Repubblica. "A...

The number of Americans filing new claims for unemployment benefits last week fell slightly more than expected, pointing to an economy that was continuing to gain steam. Initial claims for state unemployment benefits declined 15,000 to a seasonally adjusted 330,000,...