NEW YORK/LONDON Oil jumped as much as 4 percent on Monday as the world's largest producers gathered in Algeria to discuss ways to support prices, with nervous trade driving volatility to its highest since a similar meeting to freeze output in April in Doha which failed. | Video
Recent Business News
WASHINGTON The Federal Reserve will seek significantly more capital from the largest U.S. banks and give some relief to smaller banks as it considers reforms to its annual 'stress test,' Fed Governor Daniel Tarullo said on Monday.
BRUSSELS Europe's car emissions tests have been seen as inadequate for decades, a top U.S. regulator told European Union lawmakers on Monday, saying much stronger enforcement will be needed to stop cheating by automakers like Volkswagen .
CLSA analyst Mike Mayo said his support for Wells Fargo & Co Chief Executive John Stumpf was "wavering" following problematic sales tactics that has brought him under fire from U.S. lawmakers.
WASHINGTON Democratic Senator Mark Warner on Monday asked the U.S. Securities and Exchange Commission to investigate whether Yahoo and its senior executives fulfilled obligations to inform investors and the public about a hacking attack affecting 500 million user accounts.
NEW YORK (IFR) - Media conglomerate Viacom (Baa3/BBB-/BBB) is preparing to price a US dollar bond as soon as this week, market sources told IFR on Monday.