A surge of oil and gas production will drive the U.S. economy 1 percent higher in 2040 than it would have otherwise grown, and energy exports will only stoke the expansion, an independent study on energy policy concluded on Tuesday.
Sectors
Rouble fall, sanctions hurt Russia's economy: Medvedev
The weakness of the rouble is hurting Russia, which has lost tens of billions of dollars because of sanctions imposed by the West in the Ukraine crisis, Prime Minister Dmitry Medvedev said on Wednesday.
U.S. mortgage applications rise in latest week: MBA
Applications for U.S. home mortgages rose last week as both purchase and refinancing applications increased, an industry group said on Wednesday.
Congress reaches deal for $1.1 trillion U.S. spending bill
Congressional negotiators unveiled a $1.1 trillion U.S. spending bill that aims to avoid a government shutdown at midnight on Thursday and punts an immigration showdown between Republicans and President Barack Obama until February.
RBI finds falling inflation a hard sell for Indian consumers
Waiting for the right moment to cut interest rates, India's central bank faces a problem over public perceptions that price rises will return to double-digits even though forecasts show retail inflation fell to a record low of 4.5 percent last month.
Latest News
Tax deals that entertainment firm Walt Disney Co, commodities group Koch Industries and others agreed with the Luxembourg authorities were revealed on Tuesday by the International Consortium of Investigative Journalists (ICIJ).
Spain's Santander (SAN.MC) said it was not considering buying out the 28 percent of its U.S. auto finance business that is currently listed on the stock market after Bloomberg reported earlier on Tuesday the Spanish bank was mulling such a move.
Tax rules and concerns about Sears Holdings Corp's (SHLD.O) tenuous financial condition may force CEO Eddie Lampert to do a complicated dance as he plans to spin off the retailer's best real estate into a separate trust.
New Scotland Yard, the headquarters of London's storied police force and one of the British capital's most famous landmarks, has been sold to an Abu Dhabi investor, paving the way for its macabre but private museum to open to the public elsewhere.
Intel Corp on Tuesday unveiled a new platform to make it easier for companies to create Internet-connected smart products using its chips, security and software.
Belden Inc, a maker of networking and cable products, said it will buy Tripwire, a Portland-based cybersecurity firm, for $710 million. Belden said the transaction will add 65 cents per share to adjusted income from continuing operations in 2015.
Sony Corp's (6758.T) movie studio could face tens of millions of dollars in costs from the massive computer hack that hobbled its operations and exposed sensitive data, according to cybersecurity experts who have studied past breaches.
The U.S. Congress is moving this week toward putting off until 2015 any conclusive action on a tangle of Internet tax issues, including online access taxes and online state sales taxes.
Sumitomo Mitsui Financial Group Inc (8316.T) will announce as soon as next week that it will buy Citigroup Inc's (C.N) Japanese consumer banking business, Bloomberg reported, citing people with knowledge of the matter.
