Saudi authorities pledged to curb wages and push ahead with investments next year as the world's largest oil exporter seeks to counter the effect of tumbling crude prices on the economy.
TOKYO - Citigroup has agreed to sell its Japanese retail banking operations to the Sumitomo Mitsui Banking Corporation in a retreat from unprofitable businesses around the world, the companies announced on Thursday.
Bank of Japan chief Haruhiko Kuroda called on Japan Inc. to deploy its cash and invest more on facilities and workers, saying �the rule book for business will be rewritten� as the economy emerges from deflation.
'We think that now this period has come to an end, the period of instability,' Russia Finance Minister Anton Siluanov said Thursday.
The ship is too big to squeeze through the Panama Canal, and will instead make a five-month journey around the tip of South America.