Aditya Kondalamahanty

The German automaker also registered a 25 percent decline in sales in the U.S. for November after it pulled out its diesel cars from the market there.

The Japanese electronics manufacturer is under increased pressure to shed unprofitable units after it admitted to an accounting scandal earlier this year.

Saudi Arabia has maintained that a cap on oil production would not work if non-OPEC producers like Russia and Mexico do not agree to output cuts.

The $110 billion deal, announced in October, will create an industry giant that would brew a third of the world's beer.

JX Holdings Inc. will take over smaller rival TonenGeneral as the country's oil refiners look to cut processing capacity amid declining fuel demand.

A slow recovery in the global economy as well as weak domestic and foreign demand for Chinese goods hurt trade.

The credit rating agency's move comes amid growing uncertainty over whether the U.S. Federal Reserve will prop them up in a crisis.

Figures from the European Union showed that unemployment fell to 10.7 percent in October -- its lowest since January 2012.

This is the third straight quarter of economic downturn for the largest economy in the Latin America region.

The Japanese carmaker said it would not issue new shares so as to acquire voting rights for its stake on the Renault board.

The proposed merger between Staples and Office Depot could be challenged by antitrust regulators again as a December deadline for approval looms.

In a widely expected move, the banks kept their interest rates unchanged ahead of an impending rate hike by the U.S. Federal Reserve later this month.

The parliament debated measures to tackle childhood obesity as calls for a 20 percent tax on sugary drinks and food have gained ground in the U.K.

As investors distance themselves from the turmoil in emerging markets this year, Europe's third-largest publicly traded money manager asked shareholders to wait out the "tough times."

Analysts have said that the cost of fines, lawsuits and vehicle refits caused by Volkswagen's rigging of diesel emissions tests worldwide could top $42 billion.

Industrial output rose for the second consecutive month while monthly retail sales in the island nation showed a mild uptick.

China's environment minister said the country had met its emission reduction goals earlier than expected even as Beijing suffered its worst case of smog in 13 months.

Delayed by nearly a decade, the first Chinese narrow-body commercial jet was delivered by COMAC Sunday to Chengdu Airlines.

The airline agreed Saturday to hike wages and give a one-time payment to about 30,000 of its workers.

European leaders agreed to speed up Turkey's accession to the EU in exchange for help on dealing with the refugee crisis.

The Turkish president Saturday expressed regret over the downing of a Russian warplane, but stopped short of an apology, as the countries' relationship worsens.

The pope hailed Uganda's acceptance of refugees; meanwhile, activists expressed concerns over a bill that would give the government more control over NGOs.

Gunmen attacked and fired rockets at a U.N. peacekeeping base in Kidal in northern Mali Saturday, killing two soldiers and a civilian, the UN force said.

Microsoft co-founder Bill Gates is set to formally announce the fund Monday at the Paris Climate Change Summit, according to reports, citing sources.

U.N. nuclear watchdog chief Yukiya Amano voiced concerns Thursday to the IAEA’s 35-nation board in Vienna, ahead of a final report on Tehran's program.

China's HKND Group postponed construction on the canal as its CEO's net worth plunged sharply following a stock market slump in the Asian nation.

Tensions between the two escalated after two South Korean soldiers were injured in August in a land mine explosion in a demilitarized zone.

The U.K. government has proposed changes to limit minor personal injury claims in road accidents, commonly referred to as “whiplash claims.”

The European Central Bank is concerned about the adverse effects a U.S. Federal Reserve rate increase and China's continuing slowdown could have on the eurozone.