Samsung expects higher profits despite Note 7 recall

Samsung Electronics says its operating profits are expected to have risen in the third quarter, despite the recall of its Galaxy Note 7 smartphone. Profits for the July to September period are forecast to be...

Oil prices rise on strong Japan, Australia economic data

By Henning Gloystein Crude oil prices bounced back on Wednesday from steep falls in the previous session as strong Japanese economic growth surprised markets and the business outlook in Australia also seemed to brighten, stoking...

Gold hits 9.5-month high on Korean peninsula tension

Reuters BENGALURU: Gold prices rose for a third straight session on Tuesday to their highest since November as mounting geopolitical tensions over a new North Korean missile launch stoked demand for safe-haven assets and weighed...

Many parents may not recognize child obesity

New research says many parents in the UK may not be aware that their children have a weight problem unless they are extremely obese. The finding has prompted suggestions that more needs to be...

Takata pleads guilty to U.S. fraud charge linked to faulty air bags

By Joseph White | DETROIT Japan's Takata Corp (7312.T) on Monday pleaded guilty to a felony charge as part of an expected $1 billion deal with the U.S. Justice Department that includes compensation funds for automakers and victims...

Oil glut up close: How Cushing copes with full crude tanks

From the air above this small Oklahoma town, the 300 steel oil storage tanks that dot the landscape appear filled to the brim, their floating lids bobbing atop more than 65 millions of barrels...

Growth woes douse rally in Asian shares, dollar slips

Swati Pandey SYDNEY (Reuters) - Asian stocks stepped back from near eight-month highs on Thursday and the dollar eased as European and U.S. central banks reinforced investor worries about the global economic outlook and trade...

US and Canada reach last-minute deal to preserve NAFTA

By Tamar Lapin The US and Canada reached a deal late Sunday on reforming the North American Free Trade Agreement. Canada agreed to join the revised trade deal that the US and Mexico had signed last...

The Top Performing Hedge Funds of 2015

Hedge funds attracted a net $44 billion in assets globally last year, the smallest amount since 2012, according to data compiled by Hedge Fund Research Inc. That reflects a volatile year, when unanticipated economic...

Oil prices stable as OPEC-led supply cuts tighten market, but some caution remains

Henning Gloystein SINGAPORE (Reuters) - Oil prices were stable early on Tuesday, supported by a tightening market due to ongoing OPEC-led efforts to cut supplies, although the prospect of rising U.S. shale output dragged. Brent crude...

Asia stocks supported by Wall St., but China drags

TOKYO (Reuters) - Asian stocks were supported on Thursday by robust corporate earnings that helped Wall Street quell concerns about the surge in U.S. bond yields. However, sagging Chinese shares limited the upside potential...

UK virtual reality firm Improbable raises $500m

Rory Cellan-Jones – BBC Technology correspondent A London-based virtual reality firm has raised $500m (£388m) in one of the biggest investments in an early stage European technology business. Japan's Softbank is backing Improbable in a funding...

What Will India Do With 23 Billion Worthless Banknotes?

By Anirban Nag When the rest of the world rings in the New Year, India’s central bank will be grappling with a unique situation: how to deal with more than 23 billion worthless bank notes. Stacked...

Stocks pummeled as inflation shadow spooks bonds

Wayne Cole SYDNEY (Reuters) - Asian shares fell the most in over a year on Monday as fears of resurgent inflation battered bonds, toppled Wall Street from record highs and sparked speculation that central banks...

Russia cuts interest rates from 17% to 15%

Russia has cut its main interest rate from 17% to 15% because inflation "is stabilising". The rouble fell by more than 2% against the dollar following the central bank announcement. Russia's economy has been suffering for...

US unemployment falls again in October

The US economy added 214,000 jobs in October, while the unemployment rate has fallen to 5.8%, official Labor Department figures show. The number of jobs created is slightly below forecasts of about 230,000 new posts,...

China’s GDP Growth Bolsters Case for Stimulus Restraint: Economy

By Bloomberg News China’s economic growth beat analysts’ estimates last quarter, bolstering the government’s case for avoiding broader stimulus measures. Gross domestic product rose 7.3 percent in the July-September period from a year earlier, the...

Credit markets are getting a second wind, thanks to a Federal Reserve that’s suddenly...

The Federal Reserve opened the door to an interest-rate increase as soon as June, while also indicating it will go slow once it gets started. The new signals were contained in a policy statement that...

Oil prices spike on output meeting

Oil prices have reversed losses following a confirmation of a meeting between big oil producers in March. Venezuelan officials confirmed that Russia, Saudi Arabia and Qatar have agreed to meet next month. Oil prices have tumbled...

Soybean imports down 13%

Source:Global Times The decrease of China's soybean imports in recent months shows that given the trade tension with the US, China is trying to reduce its dependency on foreign markets through improving its agricultural productivity...