As producers move to scale down these mega-operations, the U.S. shale boom shaking the oil industry is changing the way deep-water oil exploration projects are carried out.   "It's not so much innovation, it's more a change in mind-set," said Wood Mackenzie's upstream oil and...

An FBI officer in the Philippines, who has been involved in the investigations, told the media on Wednesday that the online theft of $81 million from the Bangladesh central bank's account at the New York Federal Reserve last year was "state-sponsored."   While this comment, made by Lamont...

Resistance from some of the national agencies that will ultimately decide whether the medicines are worth buying, is being faced by a push by the European Medicines Agency to speed up the approval of new drugs that show promise.   Regulators are being pushed to cut through what they see as...

Goldman Sachs, Morgan Stanley and Bank of America are planning to set up a joint venture to share trade processes and ideas. Since the financial crisis, the largest US banks have cut costs by more than $ 40 billion, and this is only the beginning. After Donald Trump’s victory, prospects for the...

With an eye to buy a controlling stake in the owner of the publisher of Forbes magazine, the acquisitive Chinese conglomerate HNA Group is in talks with the magazine, reports news agency Reuters citing credible information from two sources with knowledge of the matter.   One of the sources,...

In a deal that could be worth at least $500 million, Citigroup Inc will seek bids from global insurers keen to sell general insurance products across the U.S. bank's Asia-Pacific markets, reported news agency Reuters citing a source with knowledge of the matter.   And as demand for insurance...

This year, the two leading smartphone manufacturers, Apple and Samsung, will be introducing flagship devices. Perhaps, these presentations will become a turning point for both vendors. The market is fed up with mobile products, including premium solutions. Soon, there simply cannot be people who...

As China, Chile and Egypt began lifting restrictions on imports from the Latin American country, Brazil’s under-fire meat industry received a major boost.   In a statement released Saturday by the ministry’s press office, agriculture Minister Blairo Maggi announced China’s "total reopening...

Since drivers have returned dozens of leased cars early after the company cut incentives, its car leasing strategy in India, its second-biggest market, is being rethought by global ride-hailing firm Uber Technologies, reported news agency Reuters.   Employing a strategy it has used in other...