Oil prices will more than double by 2020 as current low prices lead drillers to cut investment in new production and gradually reduce the glut of crude, the head of a group of oil-importing countries said Monday.
The Australian government is tired of having unemployed people say cannot they take a job because it may interfere with their golf plans or dreams of becoming an actor.
The Zimbabwean government will now control all mining in the diamond-rich Marange area, after mining companies were ordered to halt all operations because their licenses have expired, the mining minister said Monday.
HSBC warned of a "bumpier" global financial outlook thanks to China's slowing economy, as it reported Monday that profit dipped slightly last year.
A massive, 404-carat diamond measuring more than 7 centimeters (2.7 inches) in length has been unearthed in the southern African nation of Angola, an Australian mining company said.
A U.S. federal trial over a US$100 million investors' lawsuit against Venezuela includes allegations of fraud, hints of an international criminal conspiracy, and references to diamonds, German junk bonds and a mysterious house fire in Switzerland.
Asian stocks shuddered again Thursday, led by sharp drops in Hong Kong and South Korea, which were catching up to global market turmoil after being shut for Lunar New Year holidays.
TOKYO -- Japan's economy contracted at a worse than expected 1.4 percent annual pace last quarter as Prime Minister Shinzo Abe's lavish stimulus policies failed to counter anemic consumer demand and sluggish exports.
The Bank of Japan on Friday said it will charge lenders that leave too much cash on idle deposit with it, introducing a negative interest rate policy for the first time as it seeks to shore up a stumbling economic recovery.
Japan's trade deficit fell to its lowest level in four years in 2015, the Finance Ministry reported Monday, as import costs dropped thanks to the collapse in oil prices.