Oil prices up 2% after lower production estimates from US
Shale oil boom in US is expected to come to halt amid oil price cartel Opec's unchanged production target.
HSBC set to announce thousands of job cuts in Stuart Gulliver's strategic revamp
Revamp plan includes sale of businesses in Brazil and Turkey.
Samsung: US hedge fund Elliott launches legal action to block merger of affiliates
Merger pertains to construction company Samsung C&T and Cheil Industries.
Britain's Reuben Brothers reaches $900m deal with Subrata Roy to save embattled Sahara Group
Reuben Brothers agreed to refinance the $900m loan taken by Indian conglomerate Sahara Group from Bank of China.
Spain's Amancio Ortega overtakes Warren Buffett as world's second richest
Spanish billionaire has net worth of $69.8bn as of 5 June, slightly higher than Buffett's $69.2bn fortune.
China begins big week of economic data with weak trade results
China is due to release its inflation figures on 9 June, while data on retail sales, industrial production and fixed asset investment are slated to come on 11 June.
Oil prices down amid oversupply fears from Iran, as Opec decides to maintain production goal
WTI crude fell 0.83% to $58.64 per barrel, while Brent crude for July fell 0.68% to $62.88 as at 1.10am ET.
John Cryan to be sole head of Deutsche Bank as co-CEOs resign following Libor scandal
Anshu Jain and Juergen Fitschen quit following investors' protest.
CBI cuts UK growth forecast amid uncertainty over EU referendum and Greek crisis
CBI expects economy to grow at 2.4% in 2015 and 2.5% in 2016, compared to 2.7% and 2.6% forecast earlier.
Apple App Store growing by over 1,000 apps per day
In May, there were 40,037 app submissions on App Store, while applications for games totalled 13,905.
Nestle hires US public relations specialist APCO Worldwide to handle Maggi crisis
APCO's clients in India include Dow Corning, Walt Disney, Mastercard, Cairn, Welspun and Facebook.
China accounted for 25% of global industrial robot purchases in 2014
Sales of industrial robots in China hit 57,000 in 2014, marking year-on-year increase of 55% and quarter of global sales.
IMF agrees $833m loan for Iraq amid Isis conflict and lower oil prices
Agreement expected to be submitted to IMF executive board for consideration.
Nestle continues to defend Maggi noodles amid pullout from India market
Nestle's global CEO Paul Bulcke says company wants recalled Maggi noodles back on shelves as soon as possible.
India asks for oil price concessions from Opec
With its ever-increasing oil demand, India is expected to become prime customer for Opec members.
Apple Pay: Two-thirds of top US retailers not to accept mobile payment service in 2015
Insufficient customer demand, lack of access to data generated in Apple Pay transactions and cost of technology are discouraging retailers.
Fifa in Crisis: Corruption scandal highlights 'complicity' of global banking system
Financial reform organisation Jubilee USA Network says corruption is aided by US banks.
US SEC probes activist investors for possible secret collaboration to target firms
SEC's enforcement division has recently opened multiple investigations and sent requests for information to number of hedge funds.
US hedge fund Elliott Associates criticises $8bn merger of Samsung affiliates
Samsung C&T's proposed merger with Cheil Industries is widely seen as owning family's attempt to consolidate conglomerate's control.
Yahoo wins exclusive rights to stream live 25 October NFL game in London
Game between Buffalo Bills and Jacksonville Jaguars will be available in Web browser, within Yahoo app on mobile phone, or on television equipped for streaming video.
Japan's Rakuten to raise $1.5bn via share sale aiming to become 'world's No. 1 internet services company'
Rakuten shares plunged more than 6% after news of shareholding dilution.
Dish Network and T-Mobile US in multi-billion-dollar merger talks
Parties are yet to agree on purchase price and mix of cash and stock that would be used to pay for deal.
Nestle India shares plunge 10% amid food safety woes over Maggi noodles
Maggi noodles contribute more than 20% of Nestle's revenues in India, according to analysts.
US think tank: More than half of Britons want to stay in EU
Pew Research Center survey shows 55% of Britons want to remain in the EU, while 36% want to leave.
HSBC Swiss leaks: Belgium to recover €540m in unpaid tax from account holders under probe
Affected people include diamond merchants, lawyers, aristocrats, company heads and sports personalities.
Teva to further increase stake in Mylan ahead of possible tender offer
Teva's acquisition of more stake in Mylan could pose legal challenge to generics drugmaker, Reuters reports.
China's Alibaba opens office in Russia
Alibaba is already present in Russia via its online store AliExpress.
Chinese travel site Qunar raises $500m from investors led by Silver Lake
Silver Lake invests $330m in Qunar's convertible bonds and another undisclosed investor puts in $170m.
HSBC expected to announce 10,000-20,000 job cuts next week
Stuart Gulliver, HSBC's chief executive, will set out revised target for headcount reductions.
IMF: Oil price decline has limited effect on Saudi Arabian economy
Increase in oil production and continued government spending will help support country, says IMF.
