Federal Reserve Chair Janet Yellen has said the tenor of economic data will decide when the U.S. central bank raises interest rates. Surprisingly, a data analysis based on Yellen's own priorities points to a rate increase by the end of this year.
Sectors
Oil hits four-year low as expectations fade for OPEC cuts
Fading hopes OPEC will cut production when it meets Thursday sent oil prices tumbling to a four-year low and the world stock-market rally paused for Thanksgiving in the United States.
Pakistan under pressure to save trade agenda at South Asia summit
South Asian leaders will pile pressure on Pakistan on Thursday to salvage a summit in Nepal by agreeing to electricity sharing and the free movement of vehicles across borders, measures aimed at boosting trade among nearly a quarter of the world's people.
First gene therapy drug sets million-euro price record
The Western world's first gene therapy drug is set to go on sale in Germany with a 1.1 million euro ($1.4 million) price tag, a new record for a medicine to treat a rare disease.
U.S. FAA proposes requiring fix for Boeing 787 Dreamliner
The U.S. Federal Aviation Administration proposed on Wednesday requiring a fix for Boeing Co's 787-8 Dreamliner, following "numerous reports of failures of proximity sensors" on the high-tech plane's wings.
Latest News
The U.S. National Highway Traffic Safety Administration on Wednesday ordered air bag supplier Takata Corp to expand its regional recall of driver-side air bags to cover the entire United States.
Internet entrepreneur Kim Dotcom, one of the world's most wanted cyber fugitives, says his nearly three-year fight against extradition to the United States to face online piracy charges has left him broke.
European privacy regulators want Internet search engines such as Google (GOOGL.O) and Microsoft's Bing (MSFT.O) to scrub results globally, not just in Europe, when people invoke their "right to be forgotten" as ruled by an EU court.
South Korea's Samsung Electronics Co Ltd (005930.KS) on Wednesday announced a $2 billion share buyback plan, its first since 2007, following investor calls for higher returns against a backdrop of rapidly declining profits.
Hedge fund mogul William Ackman told investors they could see a $6 billion payday when he closes the chapter on Allergan Inc., his firm's biggest bet of 2014.
EE's German and French owners confirmed on Wednesday they were in talks to sell Britain's biggest mobile network operator to BT (BT.L) as part of a wider review of its options. Fixed-line operator BT said on Monday it was in talks with both Telefonica's (TEF.MC) O2 and a rival operator about buying a mobile business.
Carlyle Group (CG.O) has agreed to buy South African tyre retailer Tiger Automotive from Ethos Private Equity, Ethos said on Wednesday, the U.S. buyout firm's first deal in Africa's most developed economy.
Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yielded no agreement on Tuesday on how to address a growing oil glut, ending without any plan to cut output despite a collapse in prices.
The United States is in the midst of renewing its 35-year-old commitment to supply Israel with oil in emergency situations after the pact expired on Tuesday, a U.S. State Department official said.
