Oil rebounds above $60 as rival Libyan force bombs ports

Oil rebounded by more than $1 to above $60 a barrel on Tuesday as fighting in Libya, stronger equity markets and firm demand helped Brent futures recover from the biggest one-day loss in a month.

Kuwait Promises To Increase Oil Production In Case Of War

Weak U.S. consumer spending points to slower first-quarter growth

U.S. consumer spending fell for a second straight month in January as households continued to cut back on purchases, opting to save much of the massive windfall from cheaper gasoline.

Eager Retailers Greet Crowds Of Shoppers On 'Black Friday'

Barclays takes $1.2 billion charge as FX settlement looms

Barclays (BARC.L) took a 750 million pound ($1.2 billion) charge in the fourth quarter as it prepares to settle allegations its traders manipulated foreign exchange markets, overshadowing the bank's efforts to slash costs and boost profits.

Barclays Bank Fined Over Libor Investigations



Jobs & Career News

Buffett, a cheerleader for America, takes his checkbook abroad

Warren Buffett

Warren Buffett, in his annual letter to Berkshire Hathaway Inc shareholders last year, called America "the mother lode of opportunity."

Ericsson sues Apple for telecom patent infringement


Swedish mobile telecom gear maker Ericsson is suing Apple Inc for patent infringement, Ericsson said on Friday.

Samsung Elec to freeze salaries in South Korea for first time since 2009

Samsung Electronics

Samsung Electronics (005930.KS) will freeze wages in 2015 for employees inSouth Korea for the first time in six years, after the world's biggest smartphone maker saw profits fall in the face of rising competition.

Standard Chartered picks ex-JPMorgan executive Winters as CEO to replace Sands

Standard Chartered

Standard Chartered (STAN.L) said former JPMorgan (JPM.N) investment bank boss Bill Winters will take over as chief executive in June to replace Peter Sands, after investors demanded change at the helm following two years of problems.

GM cuts capacity, jobs in Indonesia, where Japanese dominate

General Motors

General Motors (GM.N) is to stop making cars in Indonesia, a battleground for global automakers in emerging Southeast Asia, closing an assembly plant, axing some 500 jobs and shifting its branding focus to sport utility vehicles (SUVs).

U.S. Defense Secretary Chuck Hagel Travels To Middle East

Saudi king keeps close hand on oil in remodelling strategic team

Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the monarch's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed.

60th Anniversary Of The Volkswagen Transporter In The UK

Volkswagen on track with efficiency program: CEO

Volkswagen (VOWG_p.DE) is optimistic it will reach its cost saving targets, which should help the company to narrow the profit gap with international rivals.

Beijing 2008 Olympic Mascots Made

China February HSBC PMI at seven-month high

Activity in China's factory sector edged up to a seven-month high in February but export orders shrank and deflationary pressures persisted, a private business survey showed, adding to the view that yet more interest rate cuts will be needed.

New Greek Anti-Austerity Government Seeks Renegotiation of 240 Billion Euro Bailout

Euro zone prices fall by less than expected in February

Euro zone consumer prices fell by less than expected in February and core inflation held steady and unemployment eased in January for the third month in a row, data from the European statistics office showed on Monday.

Oil Well

Oil falls more than 1 percent on dollar, supply concerns

Oil dropped more than 1 percent on Monday, with Brent slipping to around $62 a barrel, depressed by a stronger dollar and a rise in Libyan crude output.


Europe shares hold at seven-year highs, China rate cut lifts Asia

European shares clung to seven-year highs on Monday, lifted by merger activity in the telecoms sector, while Asian stocks edged up after China cut interest rates at the weekend.

Janet Yellen

Near Fed majority backs June liftoff Yellen hasn't yet endorsed

Janet Yellen's premium on consensus may lead to a Federal Reserve decision the chair hasn't yet endorsed, as a near majority aligns in favor of a possible June interest rate hike.

Pierre Moscovici

Moscovici says 'Grexit' would raise question - who's next?

The European Union's financial affairs chief Pierre Moscovici told German radio on Friday, just before a Bundestag vote on a bailout extension for Greece, that allowing any country to leave the euro zone would simply raise the question "who's next?".


AstraZeneca to carve out antibiotic R&D into separate firm

Drugmaker AstraZeneca (AZN.L) has decided to carve out its early-stage antibiotic research by creating a stand-alone subsidiary company, as it sharpens its focus on other therapy areas.


Mazda bets on diesel-only car for Japan launch of key 2015 model

Japan's Mazda Motor Corp (7261.T) will sell only diesel-powered cars in the domestic launch of its key model for 2015, gambling it can convince the country's army of hybrid petrol-electric drivers that the days of sooty, noisy diesels are long gone.

Real Time Analytics