Oil prices jumped on Friday as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades
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Aviation's oil price dissident says fuel will stay low
For years he was a lone voice in the aviation industry despite being one of its best-known economists, a Cassandra-like figure whose warnings of a slump in oil prices went unheeded.
FDA approves NPS drug, in move validating Shire takeover deal
The U.S. Food and Drug Administration has approved NPS Pharmaceuticals Inc's drug Natpara to treat a rare hormone disorder, validating a bet by Shire Plc, which recently agreed to acquire NPS for $5.2 billion.
Russia details bank recapitalization scheme
Russian banks with at least 25 billion roubles in capital and willing to increase lending to key sectors of the economy will be able to participate in a 1 trillion rouble ($15.65 billion) recapitalization plan, Russia announced on Friday.
U.S. existing home sales, economic activity gauge rise
U.S. home resales rebounded in December, but continued low participation by first-time buyers in the market suggested the housing recovery would remain gradual for now.
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A deal on a 12-nation Asia-Pacific trade pact could be concluded in mid-March, Mexico's economy minister, Ildefonso Guajardo, said on Thursday.
Brazilian President Dilma Rousseff's crusade to win back investor confidence has entrusted policymakers with the tough mission of hiking interest rates while major central banks cut them, raising the prospect of another recession in Latin America's biggest economy.
General Motors Co's (GM.N) Cadillac brand is at least four years away from introducing a small sport-utility vehicle which is a critical part of expansion plans, the brand's president said on Thursday.
German automakers BMW and Volkswagen (VOWG_p.DE) are joining with ChargePoint to build a U.S. network of fast-charging stations for electric cars and plug-in hybrid vehicles, the companies said Thursday.
Crude oil prices pared early losses but still settled lower on Thursday after a government report showed the biggest build in U.S. crude inventory in at least 14 years.
U.S. airlines on Thursday forecast enormous fuel savings in 2015 but hinted that ample consumer demand would allow them to avoid fare discounts and pass savings on to shareholders.
South Korean smartphone maker LG Electronics Inc said on Thursday that it encountered no overheating problems with Qualcomm Inc's new Snapdragon processor that is powering a curved-screen device going on sale later this month.
New world trade talks had to level the playing field between developed and developing economies on farm support and avoid being held hostage by countries unwilling to open markets, U.S. Trade Representative Michael Froman said in an opinion piece to be published on Thursday.
When Sri Lanka unexpectedly turfed out President Mahinda Rajapaksa in an election this month, it was the biggest setback in decades for China's expansion into South Asia - and a remarkable diplomatic victory for India.
