LONDON - Oil prices extended their recent slide on Friday, sending related shares and currencies lower, after OPEC decided to refrain from cutting output despite a supply glut.
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LONDON - Euro zone banks that failed or barely passed this year's health checks will have to demonstrate they can make sustainable profits and may need to sell off loss-making units, the European Central Bank's top supervisor said.
- Britain's biggest drugmaker, GlaxoSmithKline Plc, fired an executive from its South African unit for refusing to appear for a performance review, which was called a week after he complained of racial discrimination in the workplace, Bloomberg reported, citing company documents.
TOKYO - The number of workers at Japan's Fukushima nuclear plant on false contracts has increased in the last year, the station operator said, highlighting murky labor conditions at the site despite a pledge to improve the work environment.
ZURICH - Barclays' private bank in Switzerland has dropped out of a U.S. program aimed at cracking down on wealthy Americans evading taxes through hidden offshore accounts, the British bank's market head for Switzerland said on Thursday.
DETROIT - Honda Motor Co said it was aware of a ruptured Takata air bag inflator in a car that was covered by a 2002 recall but the inflator design was different from one that ruptured in a 2004 accident.
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