DUBAI (Reuters) - Saudi Arabia will lift state spending to a record in its 2015 budget while covering a deficit with its huge fiscal reserves, the government said, providing the first detailed look at how the world's top oil exporter aims to handle an era of cheap oil.
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.
If Santa Claus brought you a lot of gift cards this year, Wal-Mart will take 'em off your hands. The retailer is testing a program that will let customers exchange gift cards from more than 200 stores, airlines and restaurants for a Wal-Mart card, which can be used ...
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.
Vladimir Putin and Dmitry Medvedev on their way to tell cabinet ministers that their New Year holidays had been scrapped. Photograph: Alexei Nikolsky/AP.