Falling oil price tilts political, economic balance in U.S. favor

The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran.


Tough time to sell Ukraine president's "mouthwatering" candy empire

A chance to buy the candy empire of Ukrainian President Petro Poroshenko is the kind of opportunity in a fast-growing market that would normally have multinational confectioners - like Nestle or Cadbury's parent Mondelez - drooling at the prospect.

Tesco seeks ingredient to be Britain's best-loved grocer again

Standing with bags of groceries outside discount store Lidl in Thetford, eastern England, Jodie McGloughlin explains simply why she turned her back on Britain's biggest retailer - its high prices.

China on track to develop Indian railways as Xi heads to South Asia

China will pledge to invest billions of dollars in India's rail network during a visit by President Xi Jinping this week, bringing more than diplomatic nicety to the neighbors' first summit since Narendra Modi became prime minister in May.


Latest News

Hewlett-Packard Co is exploring the sale of its web-based photo sharing service Snapfish, and has held discussions with multiple private equity and industry buyers, a person with knowledge of the situation said.
RadioShack Corp (RSH.N) is evaluating a $585 million financing package led by UBS AG (UBSN.VX) and hedge fund Standard General LP as the U.S. electronics retailer tries to avert bankruptcy, the Wall Street Journal reported, citing people familiar with the matter.
U.S. stocks fell on Friday as energy shares extended their recent slide, while rising bond yields drove down high-dividend paying shares. Major indexes finished lower after five straight weeks of gains.
Amid a revival in sales of Japanese goods in China and talk of renewed investment from some big firms such as Toyota, a dusty industrial park near Nanjing offers a cold reality check on the health of ties between Asia's two biggest economies.
Citigroup Inc (C.N) on Friday told bidders for its Japanese retail banking operations that it was looking to sell its profitable Diners Club card business in Japan with the retail unit, sources with knowledge of the matter said.
U.S. retail sales rose broadly in August, which should ease some concerns about consumer spending and support expectations for sturdy growth in the third quarter.
Sharp Corp said it would begin mass-producing a new type of next-generation displays with Qualcomm unit Pixtronix from 2017, in the hopes that innovation would pay off in the long term as the firm nurses its finances back to health.
The U.S. dollar headed for its ninth straight week of gains on Friday, some measure of how the economic fortunes of the United States and its major economic peers are diverging after six years of financial turmoil.
Hispanic media giant Univision will be a major supplier of content when satellite operator DirecTV (DTV.O) launches an Internet-delivered service aimed at a Hispanic audience, according to two people with knowledge of the agreement.
U.S. stocks recovered from early losses on Thursday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent support.
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