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Oil languishes after OPEC fails to deepen supply cuts, Asia stocks retreat

SINGAPORE Crude prices remained subdued early on Friday after an agreement by OPEC to extend existing supply curbs disappointed many who had hoped for larger cuts.

Recent Business News

Exclusive: Bankrupt Westinghouse ends pensions for ex-CEOs, executives

WILMINGTON, Del Bankrupt Westinghouse Electric Co LLC, the U.S. nuclear technology firm owned by Toshiba Corp , has stopped making pension payments to former executives, according to a letter seen by Reuters, removing a benefit that has helped the company retain top talent.

12:36pm EDT

Oil remains weak after OPEC-led output cut extension falls below expectations

SINGAPORE Oil markets remained weak on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs.

9:30pm EDT

Wilbur Ross seeks bigger budget for trade enforcement

WASHINGTON U.S. Commerce Secretary Wilbur Ross said on Thursday that a $5.5 million increase requested for the agency's enforcement budget this year will have a "real impact" in cracking down on unfair trade practices and export security violations.

Politics, Election 2016 12:10pm EDT

GM is accused in lawsuit of cheating on diesel truck emissions

General Motors Co was accused in a lawsuit on Thursday of rigging hundreds of thousands of diesel trucks with devices similar to those used by Volkswagen AG , to ensure they pass emissions tests.

U.S., Environment 3:24pm EDT

Ballooning Chinese dollar borrowing a dilemma for index trackers

LONDON/HONG KONG Record-breaking dollar bond sales from Chinese companies are steadily increasing China's weight in global indexes, raising concerns about overexposure among investors who track them.

2:33pm EDT

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