AB InBev, SABMiller brew up $100 billion deal

BRUSSELS/LONDON - The world's two biggest brewers agreed on Tuesday to create a company making almost a third of the world's beer after SABMiller accepted an offer worth more than $100 billion from larger rival Anheuser-Busch InBev .

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Barclays to pick former JPMorgan banker as new CEO

NEW YORK/LONDON - British bank Barclays PLC is close to naming former JPMorgan Chase banker Jes Staley as chief executive, signaling a renewed focus on an investment banking division that has been pared back over the past three years.

6:17am EDT

Oil slips on IEA report, U.S. stocks forecast

LONDON - Oil prices slipped on Tuesday after the International Energy Agency (IEA) forecast a global supply glut would last through 2016 as demand growth slows and key OPEC producers maintain near-record output.

6:38am EDT

VW to cut investment in core brand to cope with scandal

BERLIN - Volkswagen will cut investment at its biggest division by 1 billion euros ($1.1 billion) a year and speed up cost cutting, the carmaker said on Tuesday, as it strives to cope with fallout from its cheating of diesel emissions tests.

6:11am EDT

Citi dials down risky block trading amid market turmoil

NEW YORK - Over the summer, as the U.S. stock market wobbled and then plunged 4 percent in a day, Citigroup made a tough choice: to dial down risk-taking in the bank's capital markets group.

1:19am EDT

China economic picture remains cloudy as September export fall eases, imports slump

BEIJING/SHANGHAI - China's exports fell less than expected in September, with monthly figures showing recovery, but a sharper fall in imports left economists divided over whether the country's ailing trade sector is showing signs of turning around. | Video

4:10am EDT


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