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The latest drop appears largely due to the same concerns: a slowdown in the world’s second-largest economy, greater investor caution after markets hit dizzying heights past year, and Beijing’s attempts to unwind controls on trading.

Mehdi Assali, the director of affairs Organization of Petroleum Exporting Country affairs at the Iranian Oil Ministry, said that, with production costs of around $10 per barrel, Iran stands in a unique position. While U.S. output is down from an April peak, production has fallen...

An unexpected lift in the last three months boosted economic expansion for the year to 2.1 per cent – better than forecasters’ expectations, but still the slowest since 2009.

To celebrate the new year, General Motors has just invested 0 million in Lyft, and the two firms are planning to create an “integrated network of on-demand autonomous vehicles in the U.S”. Today Lyft announced that it is closing on an impressive $1 billion in its...

The “long-term strategic alliance” will include the development of autonomous vehicles. At the same time, Lyft drivers and customers will have access to GM’s OnStar in-vehicle services.

The demonstrators chanted slogans praising their leader Moqtada al-Sadr and condemning the execution by the Riyadh authorities of Saudi Shiite cleric Nimr al-Nimr.

Internally, the SSD T3 features the same controllers with SSD TurboWrite technology and Vertical NAND flash used in each of Samsung’s 2.5-inch SATA solid state drives.

The People s Bank of China (PBoC) says it is seeking to make the unit more market-oriented, and has succeeded in a long campaign to have the International Monetary Fund include the yuan in its Special Drawing Rights basket. It was the lowest level since September, 2011.

For GM, the investment could provide some protection amid signs that vehicle ownership could decline with the growing use of ride-hailing services and, eventually, the arrival of self-driving cars.

General Motors has invested $500 million into Lyft as part of the ride-sharing company’s latest $1 billion funding round.

The ISM report coincides with a survey that found that manufacturing in China contracted for a 10th straight month in December, the latest sign of a weak global economy.

GM isn’t the only automaker with an eye on Lyft.

A 7 percent drop in Chinese shares on Monday halted trading in Shanghai and dragged down stock markets around the world, as investors began 2016 with fresh worries over global growth and sought the safety of bonds and gold. The Dow slumped 276.09 points or 1.6% to 17,148.94, the...

Manufacturing activity contracted in December for the second straight month, according to the Institute of Supply Management’s (ISM) Manufacturing Report on Business. Anything below 50% is a contraction and a month ago it hit 48.6%. Previous year we had bad weather, the...

Brent crude, the worldwide standard, edged down 6 cents to close at $37.22 a barrel in London. If the CSI 300 index, which reflects the performance of 300 stocks traded on the Shanghai and Shenzhen markets, drops or rises 5 percent, the circuit-breaker kicks in to suspend trading...