TOKYO - Oil prices, oil-related shares and oil-linked currencies all tumbled in Asia on Friday, in the wake of OPEC's decision to refrain from cutting output despite a huge oversupply.
Recent Business News
- 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.
LONDON - Britain's high streets, malls and online sites were awash with discounts on Friday as more retailers than ever embraced U.S.-style "Black Friday" promotions, seeking to kickstart trading in the key Christmas period.
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