Airlines are now retiring from hedges after being hurt by low fuel prices. The 58% drop in crude prices since the middle of 2014 has pushed hedge market into a draconic loss, leading airlines to shy away from hedges

Profit booking pulled yellow metal on Monday below psychological mark-$1,250 an ounce. Gold price fell for four weeks in the past five weeks.

The second largest U.S. newspaper chain will soon add two newspapers in California. Digital First Media gain the advantage after Tribune Publishing faced regulatory hurdle to acquire Orange Country .

Nowruz is the day of vernal equinox that marks the beginning of spring in the Northern Hemisphere. A ancient Persian celebration which dated back in the Zoroastrian tradition was celebrated on Sunday.

Ride-hailing app Grab is partnering with Indonesian conglomerate Lippo Group. Under the deal, Grab will provide its service to deliver products from the conglomerate’s e-commerce. The deal emerged when ride-hailing services in Indonesia are facing challenges in terms of regulations.

A black market for dollars has absorbed liquidity from the Egyptian banking system over stressing country’s foreign reserves. Egyptian pound has been weekend ignoring several steps adopted by CBE. Finally, it has started mulling to enact tougher regulations on regulating the foreign exchange market.

London Stock Exchange has been considering for holding a consensus poll on its proposed controversial £21 billion merger deal announced on Wednesday. Deutsche Boerse CEO has warned of possible American investment if the proposed deal fails to take place. However, the information of polling has fueled debates while analysts consider those as irrelevant.

Amazon is pushing the U.S. officials to authorize their moves in efforts to be a new player in the logistics and delivery industry. In recent months, the company has been making moves to achieve the ambition, including building its drones fleet and leasing Boeing planes.

Francesca McDonagh, head of HSBC's retail business in the UK, is astonished over the lack of female representatives in the banking sector. She is worried about the slow progress of female reps in senior posts.

Bethany Mota, the YouTube and Instagram star may be the last hope to help Aeropostale. The retailer can bring millions of Mota's follower in Instagram and YouTube to the store.

Affymetrix said its Board has rejected an offer from Origin Technologies, which was aimed to disrupt its potential sale to Thermo Fisher.

The British central bank has voted on Thursday to maintain a low interest rate. The uncertainties regarding and weak global trade outlook has made the committee to decide to maintain low interest rate.

German discount retailer Aldi will hire 700 apprentices this year, twice of its recruitment in in 2015. Aldi has set a target of 1,000 stores in the UK by 2022.

Sherwin-Williams, Cleveland-based company is set to acquire another paint company Minneapolis-based Valspar at $9.3 billion. The merger of the paint companies will place Sherwin-Williams to the top and its presence will be broaden and reinfornced outside North America and Canada with the help of Valspar.

Financial analysts David Iben-led Kopernik Fund is passing through a totally reverse situation as its performance is soaring from bottom to the top with rising valuations. The $682-million Kopenik Global All-C fund recorded a 15 percent growth in 2016 so far ahead of 99 percent of its peers.

U.S. coal industry is facing tough times as one by one files Chapter 11. Due to high debts, decline in demand and stricter regulations, most have no other choice but to shut down. Lately, Peabody Energy announced that it may go bankrupt.

India is seeking World Trade Organization's (WTO) intervention over increasing visa fees by the US. The visa fee for H-1B has been doubled to $4,000 and it's $4,500 for L-1 visa, as fixed by the US government.

Chinese consumers are spending more on spa visits, travel and entertainment as income levels are on upward movement. The consumer spending is expected rise 10 percent annually for the next decade.

Starwood is about to dump Marriott's offer in favor of Anbang's more than $13 billion bid for the acquisition. If the deal pushes through, Starwood will pay Marriott a breakup fee of $400 million. Marriott has been given five days to counterbid.

China and U.S. has been competing for a place in the economy and politics of Cuba. China has been doing business with Cuba for several years and the U.S. is just making a start. The edge that Washington sees is the proximity as being Cuba's neighbor.

Peabody is facing difficulties as it shares declined sharply the past year. It is considering to file Chapter 11 sooner or later to protect it from creditors while restructuring the company and recovers from the large loss.

The US automobile industry will have the automatic emergency braking system in place by 2022. About 20 automobile manufacturers representing over 99 percent of US automobile industry have agreed to implement automatic emergency braking system in their vehicles.

Recently unveiled new Brokaw Act is a Congressional effort to regulate activist funds. The new act aims at regulating activist funds. Democratic Presidential candidate Bernie Sanders and Massachusetts senator Elizabeth Warren have co-sponsored the Brokaw Act.

Chancellor George Osborne has announced a £1-billion rescue package for trouble-hit North Sea oil industry. The government is also extending £730 million support for renewable electricity.

The streaming service company on Wednesday reached the deal over music royalties with the National Music Publisher's Association (NMPA). Spotify will pay $21 million worth of royalty to publishers and songwriters.

Following Valeant Pharmaceuticals' meltdown, S&P rating service puts Pershing Square Holdings Ltd on review. However, S&P acknowledged swift decision by the firm to strengthen its liquidity after a massive loss.

Use of cannabis is very common in the island state of New Zealand. Around 42% of all aged Kiwis have reportedly tried the most popular but illegal substance. However, the island nation is going through acute shortage of weed due to drought, flood and intervention from the law enforcers.

Following another quarterly loss, the clothing company is in rush to find the best option. That includes putting the company on sale.

Pacific Exploration & Production Corp is actively examining six buyout offers. The Canada-listed company is in the process of avoiding bankruptcy. The company's board is likely to take its final decision by this weekend.

TransCanda has announced on Thursday its acquisition of Columbia Pipeline for $13 billion in total, enabling the energy giant to represent itself as a dominant player in the businesses of natural gas across the North America. The deal appears following a series of announcement for merger in the energy sector including $2.3 billion deals in 2016.