This week, Saudi Oil Minister Ali Al-Naimi will for the first time face the victims of his decision to keep oil pumps flowing despite a global glut: US shale oil producers struggling to survive the worst price crash in years.

Sharp Corp plans to choose between rival rescue offers as soon as Thursday, as a favoured bid from Taiwan's Foxconn continues to be challenged by a Japanese state-backed investment fund, people with direct knowledge of the matter said.

Here's another use for the smartphone as it invades daily life: in place of your debit card at your bank cash machine.

African leaders and bankers vowed at an economic summit in Egypt Saturday to push for trade and investments on the continent despite the growing threat of "terrorism" in the region.

General Motors Co will reconsider plans for new investment in Brazil if the economic and political situation does not improve, the company's president Dan Ammann said in an interview published on Sunday.

Six officials of Chinese megabank ICBC have been placed in detention by Spanish authorities on suspicion of laundering tens of millions of euros, judicial sources said on Saturday.

With his rickety bicycle and sackcloth mail bag, 62-year-old Indian postman Chet Ram does not look like a worker at the vanguard of an e-commerce revolution delivering everything from mobile phones to cow manure.

Just seven months ago, Sweden's Handelsbanken was worth almost $20 billion less than Deutsche Bank. This month, it eclipsed Germany's flagship lender.

The head of Nestle's Asian business is hoping to restore revenue in India within three years to levels preceding the recall of its Maggi instant noodles from the market last year over a health scare, newspaper Schweiz am Sonntag reported.

Energy-rich Azerbaijan refused Tuesday to join global producers Saudi Arabia and Russia in freezing crude output to prevent a further slide in oil prices.

A Federal Reserve regional president called Tuesday for the dismantlement of big banks whose failure could pose serious risk to the global financial system.

Financial markets that predicted eight of the last six recessions may be yet be wrong again, but market stress itself is now part of the calculus and leaves the world more open to left-field shocks.

US industrial production rebounded in January from a three-month slowdown as cold winter weather pushed up utility demand, the Federal Reserve reported Wednesday.

Iran's oil minister started talks Wednesday with his Iraqi, Venezuelan and Qatari counterparts as investors watched whether Tehran would follow Saudi Arabia and Russia's pact to freeze output.

Britain's unemployment rate remains at its lowest level in a decade, official data showed on Wednesday.

US President Barack Obama on Tuesday announced a package of measures designed to boost Southeast Asian economies, betting that the fast-growing region can be an ever more important trade partner.

AIRBUS and Boeing announced billion-dollar deals at Asia's largest airshow in Singapore Wednesday, underscoring the region's role as a driver of industry growth despite greater caution among plane buyers.

JAPANESE auto giant Nissan will start assembling cars in Myanmar for the first time this year, the company said Wednesday, as it expands its presence in one of Asia's final economic frontiers.

Saudi Arabia, Russia, Qatar and Venezuela have agreed to freeze their oil output at January levels if other producers follow suit.

China's yuan currency surged more than one percent against the dollar on Monday, its biggest rise in over a decade, after the central bank chief said there was no reason the beleaguered unit should fall further.