Verizon Communications Inc will announce an agreement on Monday to buy Yahoo Inc for about $5 billion, according to a person familiar with the matter.
SINGAPORE/TOKYO Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh on markets for some time to come.
TOKYO Asian shares held near nine-month highs on Monday as worries over the impact of Britain's Brexit vote eased, while the dollar was buoyed by a run of solid U.S. economic data.
TOKYO Japan's government kept its assessment of the economy unchanged in July but said business sentiment has worsened after the Bank of Japan's tankan survey showed the corporate mood stagnated in April-June due to a strengthening yen.
CHENGDU, China The world's biggest economies will work to support global growth and better share the benefits of trade, policymakers said on Sunday after a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism.
CHENGDU, China The world's leading economies have discussed how to take advantage of their lower debt costs to spend more on investment as a way to boost weak economic growth, the head of the Organisation for Economic Co-operation and Development said.
TOKYO Shares of Nintendo Co tumbled as much as 18 percent early on Monday after the company said smash-hit mobile game Pokemon GO would have only a limited impact on its earnings.
LONDON Retail tycoon Philip Green's greed and disregard for corporate governance led to the demise of BHS and the loss of 11,000 jobs, a joint parliamentary committee said, calling the collapse of the British stores group "the unacceptable face of capitalism."
A new top executive at German insurer Allianz wants to forge closer ties with its U.S. asset management business, Pimco, according to the Financial Times.
SAN FRANCISCO A quartet of technology heavyweights will be part of an avalanche of quarterly corporate earnings reports next week that, along with a meeting of Federal Reserve policymakers, could hold the key to whether Wall Street extends its record-breaking rally or loses steam.
Mega-donors gave millions to back the White House candidates of their choice. It didn't go quite as planned.