Israeli police said they detained six people Sunday for questioning over suspected corruption around a deal to buy submarines for Israel's navy from Germany's ThyssenKrupp.

A Brazilian court Wednesday ordered two former Petrobras officials to pay fines totaling more than $80 million for grossly mishandling the purchase of a Texas refinery.

Brazil's Court of Accounts (TCU) found the semi-public oil giant's former president Sergio Gabrielli and an ex-official of the state company, Nestor Cervero guilty of hurting the country's accounts in the deal.

China Construction Bank, one of the country's "big four" financial institutions, reported a moderate first-half profit rise and improving asset quality as a government crackdown on bad debt kicked in.

Crude prices fell further in Asian trade Thursday as refineries shut down by deadly storm Harvey in the key oil-producing U.S. Gulf Coast struggled to get back online, further piling up supplies.

Economic losses in Texas from Hurricane Harvey, which is still pounding the water-logged U.S. state with rain, will be some $58 billion (49 billion euros), disaster analysts in Germany said Thursday.

French President Emmanuel Macron's government unveiled a major overhaul of the labor code on Thursday, a signature reform that will test his ability to force through business-friendly changes and face down protests.

Asia’s biggest carrier China Southern Airlines said higher jet fuel costs clipped its profit in the first half, while China Eastern earnings rose but only with the help of a one-off asset sale.

Crude prices slipped back in Asian trade Wednesday as a key U.S. oil-producing region reeled from the devastation caused by monster storm Harvey.

Once a day, the electricity comes on and the Ahmed household whirs into action -- even if it's the middle of the night.

American billionaire Warren Buffett's Berkshire Hathaway group has officially become the top shareholder in Bank of America after exercising its right to buy 700 million shares at a discount.

Buffett had received the warrants in 2011 after investing $5 billion in the bank, which was suffering at the time from the fallout from the global financial crisis.