US wholesale inventories slipped in December for a third straight month as businesses continued to reduce unsold merchandise, suggesting the advance fourth-quarter economic growth estimate could be revised slightly lower.
09 Feb 2016 17:05
The world will store unwanted oil for most of 2016 as declines in US output take time and OPEC is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said.
09 Feb 2016 22:35
Goldman Sachs Group Inc's chief executive officer signaled the U.S. bank could cut costs yet again as market turmoil, declining oil prices and concerns about Germany’s Deutsche Bank AG have cratered the sector's shares this year.
09 Feb 2016 20:10
Coca-Cola Co reported a better-than-expected profit in the last three months of 2015, helped by aggressive cost-cutting and lower commodity costs.
10 Feb 2016 01:31
Stocks worldwide resumed their downward slide on Tuesday a day after a massive sell-off as investors failed to shake off dogged fears over economic weakness, banking woes and a gloomy oil price outlook.
10 Feb 2016 01:23
Britain's financial watchdog on Tuesday fined a former JP Morgan executive for failing to disclose concerns about the so-called "London Whale" affair that cost the bank US$6.2 billion.
09 Feb 2016 18:19
Tokyo stocks led a rout across Asian markets on Tuesday (Feb 9), while Japanese government bond yields turned negative, the dollar dived against the yen and gold jumped as fears about the global economy sent investors scrambling to safety.