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Opel Drives Peugeot's Sales, but China Stalls

French carmaker PSA Peugeot Citroen said that revenues grew strongly in the third quarter, powered by the recent acquisition of Opel-Vauxhall, but car sales stalled in the key market of China. 

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Saudi Public Fund to Double Assets by 2020

Saudi Arabia, smarting from a three-year oil slump, said Wednesday that it aims to nearly double the assets of its sovereign wealth fund by 2020 through a series of investment initiatives.

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Bloomberg Says Post-Brexit London to Remain Europe Finance Hub

London "will continue to be the financial center of Europe" even after Brexit, U.S. billionaire Michael Bloomberg told AFP on Tuesday, as he unveiled his company's new European headquarters in the City.

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Rome to Negotiate with Wealthy Regions after Autonomy Victory

Italian Prime Minister Paolo Gentiloni said Tuesday that Rome is prepared to negotiate with two of its wealthiest regions "within the limits of the law," after voters supported autonomy.

Over 95 percent of those who took part in referendums on  Sunday in the northern regions of Veneto and Lombardy, home to Venice and Milan respectively, supported more powers being devolved from the Italian capital.

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Saudi Arabia Launches Mega-Zone on Red Sea

Saudi Arabia on Tuesday announced the launch of an independent economic zone on the Red Sea, three times the size of Cyprus and with a half a trillion dollars in projected investments.

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Aramco Chief Says Lack of Investment May Lower Oil Supplies

The head of oil giant Saudi Aramco said Tuesday that a lack of recent investments in the oil sector could lead to a shortage of supplies. 

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Dollar Extends Gains on Trump Tax Hopes, Nikkei Posts Record Run

The dollar extended last week's gains in Asian trade Monday on hopes for Donald Trump's tax-cut plans, while Tokyo chalked up a record winning streak on a weak yen and following a big election win for Prime Minister Shinzo Abe.

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Noble Sells Oil-Liquids Business, Warns of Up to $1.25 bn Loss

Embattled commodities trader Noble Group announced Monday the sale of its American oil-liquids business to Vitol Group and warned of a third-quarter loss of up to $1.25 billion.

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Cashing Out: The End of Hong Kong's Historic Trading Floor

In its heyday in the 1980s, more than a thousand brokers dressed in signature red blazers made deals on the trading floor of the Hong Kong Stock Exchange, in what was a raucous, competitive bear pit.

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Venezuelans Use Bitcoin 'Mining' to Escape Inflation

Inside a locked room in an office building in Caracas, 20 humming computers use their data-crunching power to mine bitcoins, an increasingly popular tool in the fight against Venezuela's hyperinflation.

In warehouses, offices and homes, miners are using modified computers to perform complex computations, essentially book-keeping for digital transactions worldwide, for which they earn a commission in bitcoins.

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