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Latin American art auctions set record-high sales for 31 artists

Blistering sales this week of Latin American art set auction records for 31 artists spanning three centuries, ranging from creators in the Spanish colonial period to living artists like Colombia's Fernando Botero.


Indian Essar's planned oil-for-steel deal tests Iran sanctions

Essar Group, a $39 billion Indian conglomerate, is looking to tap frozen Iranian oil revenues to pay for its steel exports to Tehran, in a novel attempt to work around Western financial sanctions against the OPEC member state.

Commerzbank CEO sees mergers among smaller German banks

The chief executive of Commerzbank is predicting a wave of mergers among Germany's cooperative and savings banks. Martin Blessing, who heads Germany's second biggest bank, noted that there were still almost 2,000 banks in Germany, in contrast to about 20 in Spain.

EU puts off French and Italian budget rulings until March

The European Commission postponed until March its decisions on whether the 2015 budgets of France, Italy and Belgium break EU rules, saying it needed more information to be sure.


Latest News

German pilots' union VC said late on Friday that talks with carrier Deutsche Lufthansa over early retirement benefits have broken down and new strikes are possible at any time, although not at Christmas.
President Barack Obama and his teenaged daughters, Sasha and Malia, went to an independent book store in Washington to buy books as a way to promote Small Business Saturday, an event aimed at boosting small businesses.
U.S. shoppers spent slightly less money at brick-and-mortar stores on Thanksgiving Day and Black Friday than across the same two days in 2013, while online sales surged to record highs, data showed on Saturday.
Technology startups in Canada are seeking to lure back expatriates from Silicon Valley with the promise of executive roles, generous stakes and the chance to stamp their mark on a nascent industry.
Leah Messer had tweeted on November 20 that she will no longer join "Teen Mom 2," fueling speculation that Season 6 of the reality show will be cancelled.
Kristen Stewart shared her thoughts once again about fame, but is she merely saying this in light of Robert Pattinson's current progress of his love life with FKA twigs?
Will there be no future for Tris and Four in real life? The absence of Theo James in the latest teaser of "Divergent" had some of his and Shailene Woodley's fans musing whether the latter is really involved with a musician.
HBO announced that it had casted Rachel McAdams to play one of the lead characters of "True Detective" Season 2. An earlier interview of series creator Nic Pizzolatto hinted that the plotline might involve a huge transportation deal.
NeNe Leakes, star of "The Real Housewives of Atlanta," said that although she is grateful to Bravo, she is having a hard time working in the show due to the drama between cast members.