Food staples like rice and milk are returning to the empty shelves of Venezuelan supermarkets after a long absence -- but who can afford those eye-popping prices?
Delia Mendoza's eyes widen when she realizes that the price for half a kilo of red beans is 4,211 bolivars, or $6.40 at the highest official exchange rate. This in a country where the monthly minimum wage is around $100.
Full StoryTroubled German lender Deutsche Bank reported Thursday a surprise 256-million-euro ($279 million) profit in the third quarter, compared with a loss of more than six billion in the same period last year.
Deutsche outdid the expectations of analysts surveyed by Factset, who had predicted it would book a loss of 949 million euros between July and September.
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A Verizon executive overseeing the purchase of Yahoo said Wednesday the deal was moving ahead pending the outcome of an investigation into an epic hack.
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Japan's Fujitsu said on Thursday it was in talks to merge its struggling PC business with Chinese computer giant Lenovo, sending its shares soaring as the company also announced a recovery in profits.
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British bank Barclays on Thursday said it had set aside an extra £600 million ($733 million, 672 million euros) to compensate customers mis-sold insurance, a day after rival Lloyds gave a similar update.
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Philippine President Rodrigo Duterte was set Wednesday to persuade Japanese executives his country is "open for business", after upending traditional alliances by insulting the U.S. and making overtures to China.
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Italian Prime Minister Matteo Renzi on Tuesday threatened to veto the EU's budget over a lack of solidarity from European neighbors as it struggles with a huge influx of migrants.
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A senior commander of Iran's elite Revolutionary Guards said Wednesday that cooperation with foreign firms on oil projects was necessary, but putting them in charge would be a national "disgrace."
Full StoryThe slow global economy and the health-driven turn against sweet sodas dented Coca-Cola sales for the sixth straight quarter, delivering a 28 percent hit to net income, the company reported Thursday.
Coca-Cola said worldwide revenues fell in the quarter to September 30 by 7.0 percent from a year ago to $10.6 billion, with sharp declines in its Latin America and Europe-Africa-Middle East regions.
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Saudi Arabia's financial position remains strong despite sinking oil prices, although there is "some pressure" on bank liquidity, the finance minister has said.
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