The state-owned petroleum giant Pemex paid $9 million in 2011 to have an oil rig towed halfway round the world, from the United Arab Emirates to the Gulf of Mexico. The rig ha ..
He's irking some of his richest friends, too, by snubbing their pleas to end the conflict in Ukraine and ostracizing all but a handful of hardliners. The ruble's plunge has he ..
DAVOS, Switzerland (AP) — Russian Deputy Prime Minister Igor Shuvalov, speaking at the World Economic Forum in Davos, on Friday warned the West against trying to topple Presid ..
Foreign exchange revenue at New York-based BNY Mellon, the No. 1 custody bank, surged 31 percent to $165 million from year-ago levels as currency markets underwent more volati ..
The global theme of the year so far is deflation. Whether it's footballs in New England, Tom Brady's reputation or consumer prices everything except stocks is in som ..
Billionaire investor George Soros has given a damning verdict on the launch of the European Central Bank's trillion-euro quantitative easing program. ..
A top Russian official says the country's economic crisis will worsen and is likely to be longer than the last one in 2008-2009. During a debate Friday at the World Econo ..
LONDON/BEIJING (Reuters) - Businesses across Asia and Europe have slashed prices at the start of the year to drum up trade, surveys showed on Friday, a day after the European ..
MADRID/HONG KONG (Reuters) - Li Ka-shing's Hutchison Whampoa Ltd has agreed to buy Telefonica's (TEF.MC) British mobile unit O2 for up to 10.25 billion pounds ($15.4 ..
Stocks and bonds surged worldwide and the euro sank to an 11- year-low on Friday, the day after the European Central Bank announced a quantitative easing plan. Oil rose follow ..