... * Figures suggest Saudis could cope with years of cheap oil. * State spending to edge up 0.6 pct from 2014 plan. * Big economic development projects to continue.
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.
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MOSCOW (AP) - Russian President Vladimir Putin on Thursday scrapped New Year's holidays for government ministers because of the unfolding economic crisis.
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.