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Switch it up this year: Buy in May, till November stay

NEW YORK "Sell in May and go away" is perhaps the oldest saw on Wall Street, but it appears there's no shortage of U.S. mutual funds doing exactly that this year.

Recent Business News

Slim seeks to sell minority stake in tower company Telesites: sources

Billionaire Carlos Slim is looking to sell a minority stake in Telesites SAB de CV , the Mexican wireless tower company that he controls, people familiar with the matter said on Friday.

May 26 2017

Reliance Communications hit by Indian mobile price war

MUMBAI Indian mobile phone network operator Reliance Communications Ltd posted its second straight quarterly loss on Saturday, hit by the price war which has broken out in the world's second-biggest mobile market by number of users.

1:59pm EDT

OPEC ponders how to co-exist with U.S. shale oil

VIENNA First, they ignored each other. Then, they went into a bruising fight. Finally, they are talking, albeit with opposing agendas.

May 26 2017

Exclusive: China's COFCO overhauls Brazil business after accounting crisis - sources

LONDON/SAO PAULO Chinese food commodities trader COFCO [CNCOF.UL] is overhauling its operations in Brazil, including a management reshuffle, as it restructures its Nidera Sementes Ltda business following accounting irregularities reported last year, according to company documents and sources.

May 26 2017

Some investors bet Brazil has further room to fall

NEW YORK Some investors are betting the worst is yet to come for Brazil's stock market, even after a brutal selloff last week.

Brazil, Money May 26 2017

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