Chevron slashes 2016 budget to weather low oil prices
Chevron Corp (CVX.N), the second-largest U.S.-based oil producer, slashed its 2016 capital budget by 25 percent and said it would lay off roughly 10 percent of its workforce, one of…
Business
Samsung bows to investor pressure with $9.9bn share buyback
Recent Elliott campaign convinced group of need to placate foreign shareholders Samsung Electronics bowed to heavy shareholder pressure as it announced a $10bn share buyback scheme and promised substantial increases…
Pfizer, Allergan drug merger talks raise tax hackles in U.S.
Pfizer Inc, the No. 1 U.S. drugmaker, and Botox maker Allergan Plc said they were in friendly talks to create a pharmaceutical colossus but the prospect that the company would…
UK inflation rate turns negative again
Inflation as measured by the Consumer Prices Index fell to -0.1% in September, official figures have shown. The Office for National Statistics (ONS) said that a smaller than usual rise…
Syria conflict: Shells hit Russian embassy compound
Two shells have struck the Russian embassy compound in the Syrian capital Damascus as hundreds of pro-government supporters rallied outside in support of Russian air strikes. A BBC Arabic correspondent…
