Oil fell nearly 3 percent on Wednesday as traders and investors ignored a fifth straight weekly decline in U.S. crude stockpiles to focus instead on a big build in distillates, including diesel, as the peak season for U.S. road travel gets under way.
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Amazon, Google race to get your DNA into the cloud
Amazon.com Inc is in a race against Google Inc to store data on human DNA, seeking both bragging rights in helping scientists make new medical discoveries and market share in a business that may be worth $1 billion a year by 2018.
Greek PM rejects 'absurd' offer from lenders, delays IMF payment
Greek Prime Minister Alexis Tsipras on Friday spurned "absurd" terms of proposed aid from lenders and delayed a debt payment to the International Monetary Fund, prolonging an impasse that threatens to push Greece into default and out of the euro zone.
RBI to cut interest rate by another 25 bps in fourth quarter - Reuters poll
The Reserve Bank of India won't cut its key interest rate again until the final quarter of the year as it waits to see how the monsoon season affects food prices, a Reuters poll found.
OPEC agrees to keep pumping as oil glut fears persist
Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports.
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Greece will not make a June 5 repayment to the International Monetary Fund if there is no prospect of an aid-for-reforms deal with its international creditors soon, the spokesman for the ruling Syriza party's lawmakers said on Wednesday.
China's economic growth, already at its slowest in decades, will get worse before it gets better, as economists say it will take time before liberalizing reforms turn net positive, and Beijing needs to bite more such bullets for a sustainable turnaround.
It may be impossible for the Federal Reserve to raise interest rates until the rest of the world economy improves, Fed board member Lael Brainard said on Tuesday, in the most direct acknowledgement yet of how weak global markets could handcuff the U.S. central bank.
Sales of Samsung Electronics Co Ltd's flagship Galaxy S6 smartphones reached 6 million units at the end of April, less than a month after their launch, researcher Counterpoint said on Tuesday, suggesting a positive start.
Takata Corp (7312.T) said on Monday that it will continue producing air bags that use ammonium nitrate propellant, but will change the design of the driver-side air bag inflators.
Germany's EU Commissioner Guenter Oettinger said on Monday it might still be possible for Greece and its creditors to reach a deal this week.
Microsoft Corp said on Monday its new Windows 10 operating system will be available worldwide on July 29, as a free upgrade for users of the most recent versions of Windows.
Greece is not a topic for leaders of the Group of Seven countries to discuss at a meeting in Bavaria starting on Sunday, a German government spokesman said, adding that it was up to Athens and its lenders to resolve the crisis.
U.S. stock index futures were higher on Monday, after closing down the previous week, as investors focused on the bright spots in China's factory activity data and ahead of a string of domestic economic data.
