Axis Capital Holdings Ltd (AXS.N) and PartnerRe Ltd (PRE.N) have agreed to an $11 billion merger to create one of the world's largest reinsurers, PartnerRe said on Sunday.
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Obama ends day of Indian pageantry with $4 billion pledge
U.S. President Barack Obama ended a landmark day in India on Monday with a pledge of $4 billion in investments and loans, seeking to release what he called the "untapped potential" of a business and strategic partnership between the world's largest democracies.
Rock-Tenn, MeadWestvaco to merge, create packaging giant
Packaging companies Rock-Tenn Co (RKT.N) and MeadWestvaco Corp (MWV.N) agreed to form a combined $16 billion company to take on market leader International Paper Co (IP.N) in the United States and abroad.
Low prices to delay 'peak oil demand' past 2030, says BofA
The recent rout in oil prices could delay the onset of "peak oil demand," or zero global demand growth, by around five years to beyond 2030, Bank of America Merrill Lynch (BofA) said.
Microsoft profit falls on sluggish Windows, currency pressure
Microsoft Corp on Monday reported a fall in its quarterly profit that was in line with Wall Street forecasts, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the strong U.S. dollar.
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European shares fell and borrowing costs for the euro zone's most indebted states rose on Monday as the leftist Syriza party looked set to take on Greece's international lenders after a crushing victory in early elections.
Italy is considering setting up a state-backed "bad bank" to help clean up its banking sector, Economy Minister Pier Carlo Padoan said in a newspaper interview on Sunday.
Oil prices declined on Monday, with U.S. crude falling close to a nearly six-year low, as Saudi Arabia's new King Salman moved to assuage fears of an unstable transition and any policy change in the world's largest oil exporter.
Russian shoppers caught in a currency crunch are staying away from the Dubai Shopping Festival (DSF) this year, but visitors from elsewhere look set to make up the numbers at the annual retail bonanza.
Cablevision System Corp said on Monday it would launch in February a wireless Internet phone service to give users an alternative to pricier data plans from cellular companies such as AT&T and Verizon.
South Korea's Samsung Electronics Co Ltd (005930.KS) will be the main supplier of processors powering Apple Inc's (AAPL.O) next iPhone, Maeil Business Newspaper reported on Monday, citing unidentified sources in the semiconductor industry.
Japan's exports grew the most in a year in December, helped by a weak yen and a pick-up in overseas demand led by the United States, an encouraging sign for the recession-hit economy even as doubts persist about the strength of global consumption.
The euro skidded to an 11-year low and stock prices fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with international lenders.
A top U.S. Republican lawmaker will revisit a plan to reduce government involvement in the country's housing finance system, and expects Senate colleagues to be receptive to potential changes, according to an interview aired on C-SPAN on Sunday.
