Six months after selling a Leonardo da Vinci for half a billion dollars, New York art auction season is back, gearing up to break new records with a magnificent Rockefeller collection and a Modigliani.

Higher costs for oil, industrial metals and other materials have emerged as a headwind during U.S. earnings season, amplifying inflation worries at the same time the labor market is tightening.

Companies from across the U.S. economy cited the drag from supply costs in conference calls, in some cases reporting lower first-quarter profits or cutting their outlook.

Russian businesses are expecting wide-ranging reforms and are full of suggestions for a new government as Vladimir Putin begins a fourth Kremlin term with promises to revitalize the country's economy. 

Blockchain, the cutting-edge technology behind virtual currencies like bitcoin, has the potential to play a disruptive role in the global finance sector, experts say, as banking behemoths seek to connect with its opportunities.

A fresh economic crisis would leave Greek banks exposed and see their capital slide by billions, the European Central Bank said Saturday after publishing the results of a latest stress test.

The U.S. unemployment rate dropped to a fresh 17-year low in April as steady hiring persisted and the labor market continued to tighten in the world's largest economy, the government reported Friday.

Activist fund Elliott won Friday its weeks-long power struggle with Vivendi over Telecom Italia by wresting control of the company's board at a shareholder meeting held near Milan.

More than 1,100 U.S. economists signed a letter sent to President Donald Trump and to Congress on Thursday urging them to avoid repeating the mistakes that worsened the Depression in the 1930s.

Hong Kong banking giant HSBC said Friday that pre-tax profit dipped four percent to $4.76 billion in the first three months of the year owing to rising operating costs but added it would buy back $2 billion worth of stock.

Dubai stocks hit a 27-month low on Thursday on the back of sharp falls in the real estate market and a drop in liquidity levels.