OPEC's decision to cede no ground to rival producers underscored the price war in the crude market and the challenge to U.S. shale drillers.
TOKYO - Japan's inflation rate edged lower in October, highlighting the difficulty Prime Minister Shinzo Abe faces in his campaign to overcome deflation in the world's third-largest economy.
Black Friday has long been the most important day of the year for the US retail sector. But in a new twist, it is also becoming the most important day for some US workers.
WASHINGTON - The number of people seeking U.S. unemployment benefits jumped last week, pushing total applications above 300,000 for the first time in nearly three months.
Asian stocks rose as Japan's Topix advanced on a weaker yen after slowing inflation spurred stimulus bets. Energy shares dropped and airlines surged on plunging oil prices.