Brent and U.S. crude oil each fell more than $2 a barrel on Monday to a new five-year low amid a rising number of predictions that oversupply would extend well into 2015.
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Film buying market expands into Sundance premieres section
As the buyer's market widens into the Sundance Film Festival's premieres section, returning independent filmmakers and controversial documentary subjects will take the spotlight, organizers announced Monday.
Pfizer bets on gene therapy as technology comes of age
Pfizer Inc is moving into the gene therapy space in the latest sign that the technology for fixing faulty genes may finally be ready for prime time, following earlier setbacks.
Amazon to use bike messengers for one-hour delivery in New York City: WSJ
E-commerce giant Amazon.com Inc (AMZN.O) plans to experiment with bike messengers to offer deliveries in New York City within an hour, the Wall Street Journal reported, citing a source familiar with the matter.
IMF visits Ukraine for bailout talks
An IMF mission will visit Kiev on Tuesday to start a fresh round of talks with the new government linked to a $17 billion loan package that may have to be ramped up due to the financial toll of a separatist crisis in Ukraine's east.
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European Central Bank Governing Council member Ewald Nowotny warned on Monday that inflation is expected to continue to fall in the eurozone in the first quarter of 2015 amid a prolonged slowdown in economic growth.He told a conference in Frankfurt that, "We see a massive weakening in the euro zone economy”.
The guessing game over the timing of euro zone money printing will intensify as the European Central Bank unveils a closely watched gauge of policy in the coming week, the highlight of a calendar dominated by Europe's malaise.
U.S. stocks dipped on Monday, after soft data in China and Japan raised global growth concerns, while a further drop in oil prices weighed on energy shares.
Germany praised French and Italian reform efforts on Monday and said it ought to do more itself, striking a conciliatory note after Chancellor Angel Merkel's critique of Paris and Rome over the weekend irritated both countries.
Ukraine's government has allowed state energy company Ukrinterenergo to import electricity from Russia to cover current power shortages caused by a lack of coal, the Ukrainian energy ministry said.
A fast-growing segment of U.S. retirement plans is using hedge-fund type strategies to bet a small but increasing slice of their assets.
Australia is experiencing a record-shattering boom in technology listings as start-ups starved of venture capital funding pursue backdoor listings, a trend that has regulators concerned companies are trying to take short cuts to get to market.
The share of mobile transactions on Alipay, the online payment platform affiliated with Alibaba Group Holding Ltd, jumped to 54 percent of all transactions in the first 10 months of the year from 22 percent during the whole of last year, the company said.
Investors are pouring money into the operators of U.S. rehab centers as many more Americans get health care coverage for addiction treatment, driving up valuations and triggering a consolidation of businesses in the fragmented sector.
