Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers.
Regions
Rosneft's Sechin says oil could fall below $60/barrel next year
Russia's most powerful oil official Igor Sechin said in an interview with an Austrian newspaper that oil prices could fall below $60 by mid-way through next year.
Putin to push trade in Turkey despite disagreement on Syria
Russian President Vladimir Putin's visit to Turkey on Monday will have trade and energy issues at its heart, but is not expected to bridge deep differences over Syria and Crimea.
China mogul's cinema chain gets nod for mainland IPO that might raise $326 million
Wanda Cinema Line Co. Ltd., a movie theater company controlled by Chinese real estate mogul Wang Jianlin, has received approval for a share-offering in China in which it hopes to raise up to 2 billion yuan (US$325.6 million).
Obama plan to 'Power Africa' gets off to a dim start
Barack Obama last year told a cheering crowd in Cape Town that a $7 billion plan to "Power Africa" would double electricity output on the world's poorest continent and bring "light where currently there is darkness".
Latest News
Mall crowds were relatively thin on Black Friday in a sign of what has become the new normal in U.S. holiday shopping: the mad rush is happening the night of Thanksgiving and more consumers are picking up deals online.
Shale stocks have been hard-hit as investors see margins all but evaporating following the slide in crude oil prices, but the U.S. shale energy boom is not over.
Twitter Inc will begin tracking what third-party apps are installed on users' mobile devices so the social media company can deliver more tailored content, including ads, the company said late on Wednesday.
Insiders say staff at Samsung Electronics have never been so anxious ahead of the annual reshuffle, as a weak smartphone performance and its worst earnings in three years are expected to cost many jobs.
Germany has approved Canadian smartphone maker Blackberry's (BB.TO) planned acquisition of Secusmart, the encryption technology of which is used to protect the mobile devices of top politicians including Chancellor Angela Merkel.
German utility E.ON (EONGn.DE) agreed to sell an 80 percent stake in two wind farms in the United States to Canada's Enbridge (ENB.TO), as the group continues to rake in much-needed cash by building and selling pricey renewable assets.
Songbird Estates (SBDE.L), the majority owner of London's Canary Wharf, said an upturn in property markets means it is now worth 2.82 billion pounds ($4.42 billion), more than the takeover offer from Qatar Investment Authority (QIA) and Brookfield Property Partners (BPY.N).
U.S. medical device maker Medtronic (MDT.N) gained European Union regulatory approval on Friday for its $43 billion takeover of Covidien Plc (COV.N) after agreeing to sell its Irish rival's drug-coated balloon catheter business.
Wal-Mart Stores Inc said it has cut more than 20 mid-level jobs in China as part of its effort to lower costs in the world's second largest economy where it has been grappling with slower sales and tough price competition.
