Oil prices might have stabilized only temporarily because the global oil glut is worsening and U.S. production shows no sign of slowing, the International Energy Agency said on Friday.
Regions
Oil drops 9 percent on week on stronger dollar, glut warning
Global oil prices tumbled on Friday and fell 9 percent on the week, hit by a renewed rally in the dollar and a warning by the International Energy Agency (IEA) that the oil glut is growing.
Fuji Media wins bid for Japan hotels over Orix, Morgan Stanley
A real estate arm of a Japanese media group Fuji Media Holdings edged out a fund run by Morgan Stanley (MS.N) and others to buy a hotel holding company from a Japanese government-controlled fund, people involved in the sale said.
EU blocks Hungary's 12 billion euro nuclear deal with Russia: FT
The European Union has backed Euratom's decision to block Hungary's 12 billion euro nuclear deal with Russia, a move that could worsen the situation between the Kremlin and Brussels, the Financial Times reported.
EU energy chief: still no confirmed date for Ukraine-Russia gas talks
The European Union has yet to receive confirmation that Ukraine and Russia will meet on March 20 to discuss gas supplies, the bloc's Energy Commissioner Maros Sefcovic said on Friday.
Latest News
Corporate America's profit engine may be running out of steam. Wall Street analysts, expecting two quarters of declining earnings, are banking on a second-half recovery to keep 2015 from becoming the worst year for profits since the last recession.
European equities were set for a sixth straight week of gains on Friday, fuelled by a dramatic slide in the euro on the back of the European Central Bank's bond-buying plan that has kept euro zone yields near record lows.
GlaxoSmithKline (GSK.L) has taken profits in Aspen Pharmacare (APNJ.J) by selling half its stake in the South African drugmaker for $853 million, following a long investment in the firm.
Broadband providers Sky and TalkTalk have called on Britain's telecoms regulator to break up BT, the market leader whose network they rely on, in the biggest review of the sector for a decade.
China's Alibaba Group Holding Ltd, the world's largest e-commerce firm, has begun hunting staff in Seattle, home turf of Amazon.com Inc and Microsoft Corp, focusing on savvy cloud computing hires as it ramps up U.S. operations.
United Technologies Corp's (UTX.N) chief executive officer said on Thursday that the company will spend $1 billion on acquisitions this year, "maybe a little bit more," even as he eyes bigger targets.
The world's largest watchmaker unveiled its riposte to Apple Inc's smartwatch on Thursday, announcing a plan to put cheap programmable chips in watches that will let wearers from China to Chicago make payments with a swipe of the wrist.
The U.S. Senate Intelligence Committee voted 14-1 on Thursday to approve a bill intended to enhance information sharing between private companies and intelligence agencies about cybersecurity threats.
International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the "blockchain," to create a digital cash and payment system for major currencies, according to a person familiar with the matter.
