Saudi Arabia's 2015 budget is probably assuming an oil price of $80 a barrel, and will be seen as a sign of confidence in the market, according to a former economic adviser to the country's government.
A pedestrian walks past a Sumitomo Mitsui Banking Corp. branch in Tokyo, Japan in May. On Thursday, SMBC said it would purchase Citigroup Inc.'s Japanese retail operations.
(Reuters) - U.S. customers have not turned out in force for the final purchasing days before Christmas, suggesting that standard retailers will just meet business sales forecasts in a season marked by deep discounts and increasing encroachment from online.
A group of 45 Philadelphia taxi companies filed suit in federal court Tuesday alleging that Uber, the app-based taxi enterprise, is waging unfair competition against medallion owners who must operate under state laws and regulations.
MF Global Holdings Ltd. has been fined $100 million by the Commodity Futures Trading Commission in a $1.21 billion restitution case over the 2011 collapse of the futures brokerage.