BUSINESS

The buying consortium includes China Travel Financial Holdings, York Capital Management Global Advisors and Pepper Australia Pty Ltd.

The hike is seen as a desperate move by Russia to rescue its economy from the dual impact of plunging oil prices and Western sanctions.

Former Korean Air Lines executive, Heather Cho, may face legal charges if prosecutors pursue the case.

Growth slowed to 5.3 percent in the July-September quarter from a 2-1/2-year high of 5.7 percent in the previous quarter.

A former manager at Bernard Madoff's firm was sentenced to six years in prison on Monday for helping her now imprisoned boss carry out his multibillion dollar Ponzi scheme.

Developing countries lose more money through corruption and tax evasion than they receive in international aid, a report shows.

On Monday, the Dow jumped and declined more than 100 points as oil prices continue to drop.

The Instagram generation still prefer "real" books to their digital counterparts.

The salvage grocery store model is both self-sustaining and charitable but overshadowed by food banks in the U.S.

Over the next year, U.N. members will hammer out the finer details of the landmark climate accord unveiled Sunday.

Poor nations with questionable human rights records are finding generous donors outside the Western world.

This year is shaping up to be the warmest on the books -- again -- since record-keeping began 123 years ago.

The British luxury carmaker is touting camera technology that allows drivers to see through the "pillars."

Despite the growth in online retail, shoppers place their trust in few companies to protect their payment data.

After Japan's economic program "Abenomics" survived elections Sunday, all eyes are now looking ahead to the Fed’s final meeting of 2014.

Apps that use GPS to track vehicle movements will help ensure safer rides for women on the subcontinent, industry executives claim.

The deadline to get packages, letters and greeting cards to their destinations by Christmas is Dec. 20.

The German automaker will show off a BMW i3 that drops drivers off and finds its own parking garage space.

Texas, Oklahoma and Alaska are among oil states already seeing signs of slow growth in 2015.

Complaints against the New York Police Department, coming mainly from the Bronx and Central Brooklyn, hit a record high last year.

PetSmart shares jumped over 4 percent Monday after the company announced it agreed to be acquired by BC Partners for $8.7 billion.

Whether it's due to better budgeting or employment, many millennials aim to spend more money on holiday shopping this year than last.

Governor Brownback's tax cuts have reduced revenues by $250 million. Now he wants to use pension money to cover the budget gap.

Fed will decide this week whether to make a critical change to its policy statement that will widen the door for interest rate hikes next year.

A British source told The West Australian that "crucial days were lost" because Malaysian authorities initially rejected Inmarsat's findings.

Inflation dropped to zero mainly driven by a sharp decline in fuel prices, which fell an annual 4.91 percent last month.

A technical failure at an air traffic control center in Britain caused widespread disruption to flights in and out of London last week.

Conservatives are keen to show voters that the steady economic recovery they have presided over can, if sustained, lift living standards.

Uber Sydney started the freebies after complaints it used a hostage crisis to price gouge, according to a published report.