Business news

U.S. refinery strike widens to include nation's largest refinery

When the clock struck 12:01 am on Saturday, workers at the Motiva Refinery in Port Arthur, Texas walked off the job -- joining a U.S. refinery strike that's suddenly that much bigger. At issue --

Feb 22, 2015

Budget 2015: RBI Governor Rajan Supports Strong Action Against Black Money Holders, Tax Evaders

The RBI Governor indicated his preference to go after black money holders and hold them to account

Feb 21, 2015

Budget 2015: Relax Fiscal Deficit Target, Go For Growth, Says Bimal Jalan

Former RBI Governor Bimal Jalan has asked the government to stop focussing entirely on containing fiscal deficit and allow it to expand a bit, to spur growth

Feb 21, 2015

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Greece, euro zone agree four-month loan extension, avert crunch

There have been the protests in Athens filled with mockery and anger over austerity measures many in Greece see as crippling their future. There have been hours and hours of talks to try to find a

Feb 21, 2015

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Dow, S&P close at record highs

U.S. stocks marched higher on a relief rally. The deal to extend Greece's bailout pushed the Dow and S&P 500 to close at all-time highs. The Nasdaq stretched its win streak into an eighth session as

Feb 21, 2015

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Wal-Mart's move pressures Target

Everyday low prices may not mean everyday low wages for employees at Wal-Mart ... and soon at other companies. The move by the U.S.' largest retailer to hike its minimum wage in America could spill

Feb 21, 2015

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UK public finances improve

A welcome boost for Britain's coffers. The biggest monthly surplus in seven years, thanks to a rise in British income tax receipts. The Office for National Statistics reported a January public

Feb 20, 2015

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What would Grexit look like?

The possibility of a Greek exit - or "Grexit" from the euro zone back on people's lips, as talks over Greece's financial future continue to flounder. In 2012 it was a similar picture. The difference

Feb 20, 2015

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Fashionistas descend on London

A fashion show - with a difference. Naomi Campbell strutted her stuff at Somerset House in aid of her Fashion Against Ebola campaign. A host of famous faces joined her including the Duchess of York

Feb 20, 2015

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Deere cuts profit forecast, hurt by weak equipment sales

Farmers are hurting and that's bad news for Deere. The world's largest farm-equipment maker reported a 43 percent drop in its first-quarter profit, while sales declined 17 percent-- though it did top

Feb 20, 2015

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Critical Greek talks underway

Crunch time for Greece. Euro zone finance ministers meeting in Brussels are hoping to break a deadlock over the country's bailout - which is due to expire in just over a week. Greek finance minister

Feb 20, 2015