West Texas Intermediate crude declined as traders waited for U.S. lawmakers to reach a deal on the nation’s debt-ceiling, while Western governments hold talks with Iran on its nuclear program.
Reliance Industries Ltd., owner of the world’s biggest refinery complex, reported the slowest profit growth in four quarters after refining margins declined.
Billionaire Petr Kellner’s PPF Group NV is in talks to acquire the Czech Republic’s biggest phone company, potentially ending eight years of control by Spanish carrier Telefonica SA.
China and the U.K. will introduce direct trading between the yuan and the British pound, helping London steal a march on Frankfurt and Paris to become Europe’s hub for the Chinese currency.
Vietnam pledged to boost “political trust” with China during Premier Li Keqiang’s visit, as the two Communist countries focus on building economic ties and calming territorial tensions.
U.K. 10-year government bonds declined for a second day as U.S. policy makers said they were close to a deal to bring a halt to the nation’s fiscal standoff, damping demand for the safest assets.
It's not just the National Security Agency spying on smartphones. Many ordinary people are also using sophisticated software to eavesdrop on the wireless communications of their lovers, children and business rivals.
Ineos Group Holdings SA is shutting the 210,000 barrel-a-day Grangemouth oil refinery and petrochemical site before a strike this weekend that could halt 45 percent of the U.K.’s crude production.
U.S. stock-index futures gained, signaling the Standard & Poor’s 500 Index will extend a three- week high, as investors awaited budget-talk developments and earnings from Citigroup Inc. to Intel Corp.
German investor confidence increased for a third month in October, signaling that the recovery in Europe’s largest economy is withstanding financial-market turbulence stoked by a U.S. fiscal standoff.
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