Category Archives: Business

OPEC decision to keep output high pulls oil prices close to 2015 lows

By Henning Gloystein SINGAPORE (Reuters) – Crude oil prices dipped further on Monday after OPEC failed to agree on output targets to reduce a bulging glut that has cut prices…

Climate talks shift from binding targets to 'name and shame'

LE BOURGET, France (AP) — It's clear at this point that even if the international climate accord being negotiated in suburban Paris becomes legally binding, it won't include punitive measures…

Electrolux's $3.3 billion acquisition of GE Appliances falls through

STOCKHOLM (Reuters) – Sweden's Electrolux said on Monday its deal to buy General Electric's appliance business had fallen through after GE terminated the $3.3 billion (2.1 billion pound) agreement with…

World must agree to disagree on hunting whales, Japan official says

TOKYO (Reuters) – Japan has done nothing wrong by sending its whaling fleet out on its annual Antarctic hunt & the world must agree to disagree on the issue, the…

Britain's Meggitt says to outperform weak parts market in 2016​

LONDON (Reuters) – Meggitt , a supplier of wheels, brakes & electronic systems to planemakers, said it would grow underlying revenue in the low to single digits next year, outperforming…

Stoke can attract more top talent, says Hughes

(Reuters) – Xherdan Shaqiri impressive performance in Stoke City's dismantling of Manchester City at the weekend has left manager Mark Hughes optimistic his side will attract more top talent from…

Arrested officials banned from football for 90 days

ZURICH (Reuters) – FIFA executive committee members Juan Angel Napout & Alfredo Hawit have been suspended from football for 90 days after they were arrested in Switzerland, the ethics committee…

Oil drops after OPEC maintains output despite oversupply

NEW YORK (Reuters) – Oil prices fell on Friday after news that OPEC was planning to maintain its production near record highs despite depressed prices, as the producer group continued…

Sainsbury's says worst may not be over for Britain's big four

By James Davey LONDON (Reuters) – Britain's huge supermarkets may not yet have reached the low point in a crisis brought approximately by the rise of German discounters Aldi &…

ECB under fire over 'timidity' of policy moves

The ECB was under fire Friday for failing to act as decisively as expected to rekindle inflation, with some market players suspecting divisions among the bank’s top brass stopping it…