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  • FILE PHOTO - Bottles of Heinz tomato ketchup of U.S. food company Kraft Heinz are offered at a supermarket in Zumikon, Switzerland December 13, 2016.  REUTERS/Arnd Wiegmann/File Photo

    Unilever shares tumble 8 percent after Kraft ditches bid

    By Reuters, Reuters

    Backed by Warren Buffett and the private equity firm 3G, Kraft had wanted to buy Unilever to build a global consumer goods giant but its offer was flatly rejected on Friday by the maker of Lipton tea...

  • Investors raise EM infrastructure exposure seeking better returns

    By Claire Milhench, Reuters

    LONDON (Reuters) - Institutional investors are raising their exposure to emerging markets infrastructure in pursuit of better returns, an annual survey showed on Monday, as fierce competition has...

  • Smoke rises after a rocket landed in the middle of the Iraqi rapid response forces' position during a battle against Islamic State militants in the south of Mosul, Iraq February 19, 2017. REUTERS/Zohra Bensemra

    Iraqi forces battle their way toward Mosul airport

    By Stephen Kalin and Maher Chmaytelli, Reuters

    SOUTH OF MOSUL/BAGHDAD, Iraq (Reuters) - U.S.-backed Iraqi forces fought Islamic State fighters on Monday to clear the way to Mosul's airport, on the second day of a ground offensive on the jihadists...

  • A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. REUTERS/Andrew Cullen

    Oil rises, but U.S. drilling drags on prices

    By Aaron Sheldrick, Reuters

    TOKYO (Reuters) - Oil prices rose on Monday but the gains were limited as investors gauged whether an increase in U.S. drilling rigs and record stockpiles would undermine efforts by producers to cut...

  • A logo of Alibaba Group is pictured at its headquarters in Hangzhou, Zhejiang province, China, October 14, 2015. REUTERS/Stringer/File photo

    Alibaba expands bricks-and-mortar retail push with Bailian deal

    By Cate Cadell, Reuters

    BEIJING (Reuters) - China's Alibaba Group Holding Ltd said it formed a strategic partnership with Bailian Group, the largest retailer by store numbers to join the e-commerce giant's drive to use big...

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