RIYADH, Oct 26- The recent decline in global oil prices will prove temporary even if it lasts a year or so, since population growth will ultimately bring higher consumption and prices, the chief executive of Saudi Basic Industries Corp said on Sunday. He said China was a big, growing market for SABIC but there were changes in consumption there.» Read More
Apple has held talks with Beats Electronics on a potential partnership involving Beats' planned music-streaming service, three people familiar with the situation told Reuters.
President Obama made three major personnel appointments Monday, nominating Walmart's philanthropic head Sylvia Mathews Burwell as White House budget director, Gina McCarthy to lead the EPA and physicist Ernest Moniz to head the DOE.
HSBC and Standard Chartered will report a reduction in their bonus pools, reflecting separate settlements with U.S. authorities over probes into money laundering and sanctions violations, Sky News reported on Sunday.
As U.S. authorities grapple with how to regulate the use of unarmed drones in U.S. skies, a small network of police, first responders and experts is already flying unmanned aircraft.
Las Vegas Sands said it "likely" violated the federal Foreign Corrupt Practices Act, which outlaws the bribery of foreign officials, according to a Securities and Exchange Commission filing on Friday.
Just hours after across-the-board spending cuts officially took effect, Barack Obama pressed Congress to work with him on a compromise to halt a fiscal crisis he said was starting to "inflict pain" on communities.
It's on: President Obama on Friday signed an order that starts putting into effect across-the-board budget cuts known as the "sequester" after he and congressional leaders failed to find an alternative budget plan.
Goldman Sachs Group Inc reduced its risk-taking for a third straight year, with potential losses from trading dropping to the lowest level in seven years.
The risk that Britain is entering its third recession in four years grew with manufacturing shrank unexpectedly last month and mortgage approvals for home buyers dropped in January.
A dramatic anti-austerity vote leaves Italy lying outside the fortress the European Central Bank constructed around the euro zone last September.
Entertainment-to-telecoms conglomerate Vivendi said on Tuesday it could give no full-year group outlook until it had more clarity on key asset sales, prompting its shares to slip.
Prime Minister Shinzo Abe is seeking to put at the top of the Bank of Japan two officials with different views on how to beat deflation, which could complicate decision-making in an already split board.
Cypriot president-elect Nicos Anastasiades faces weeks of difficult talks with foreign lenders on a financial rescue for the island nation after sweeping to a resounding victory in a run-off election on Sunday.
Central bank insiders interviewed by Reuters say the People's Bank of China (PBOC) is the country's most potent force for reform in the face of powerful vested interests.
Silvio Berlusconi's resurgence and the rise of a foul-mouthed populist comedian have thrown Italy's weekend election wide open, with deep uncertainty over whether the poll can produce a positive outcome.
Prime Minister Shinzo Abe wants to spend more than $100 billion on infrastructure in the next 15 months to help revive his country's economy. But does the ultra-modern nation need it?
China's central bank governor, Zhou Xiaochuan, is set to keep his job next month despite reaching the mandatory retirement age of 65, in a bid by Beijing's new leaders.
The Justice Department and AB InBev asked a court for a short delay as the Budweiser parent seeks to save a $20 billion beer deal.
The government's sale of a $10 billion stake in Japan Tobacco, the world's third-largest tobacco company, is expected to kick off within days after bankers met on Tuesday over deal details.
Global miner BHP Billiton appointed the head of its non-ferrous business as its new chief executive on Wednesday to replace Marius Kloppers.