Doubt on the chances of any policy decision during the energy meeting on Algeria were cast as Saudi Arabia's Energy Minister Khalid al-Falih said on Tuesday that talks among OPEC and non-OPEC oil producers in Algiers this week are consultative.   He also said he was optimistic about the oil...

Based on analysts' take on the market reaction,  Hilary Clinton appears to have edged out her Republican opponent Donald Trump in the first presidential debate.   "Early indications suggest Hillary won the debate; at least didn't lose. Futures are higher and the peso is rallying," said...

American pharmaceutical company Pfizer Inc. decided not to divide the business into two independent structures in the near future. "Pfizer Inc. announced that, after careful assessment, the Board of Directors and executive management determined that the company is in the best position to maximize...

Cameroon will receive LTE services through Afrimax and Vodafone’s partnership. Afrimax Group is telecommunication operator of 4G-LTE and Vodafone, whereby Afrimax made an announcement of its “new non-equity partner market agreement for Cameroon”.   Under the brand title of “Vodafone...

The latest update to a key Credit Suisse report confirmed that with stock-price returns sometimes more than double that of less diverse companies, companies with more female senior managers perform better.   "We find clear evidence that companies with a higher participation of women in...

Singapore has done it again.   In a survey of expat destinations for the second year running, the city-state beat New Zealand to rank first. According to the latest and ninth edition of HSBC Holdings Plc’s annual Expat Explorer report, Singapore is the best place to live, work and...

South Korean container carrier Hanjin Shipping Co Ltd’s ability to move stranded freight were getting complicated as cargo owners were withholding up to $80 million in payments for completed shipments, the failed South Korean container carrier told a U.S. judge on Friday.   "Hanjin is not...

Senate Banking Committee hasn’t had such a stormy session since the 2008 crisis, notes WSJ and Bloomberg. John Stumpf, Head of Wells Fargo, got attacked by both Democrats and Republicans. "You have to resign and return remuneration for the period during which the violations lasted, and the Ministry...

Commerzbank is considering possibility of cutting at least 5 thousand jobs, or more than 10% of the total headcount. In addition, the company may close one of the units, and hold a major reorganization aimed at addressing a problem of low profitability on the back of low interest rates and low...