Zim declares drought a 'disaster'

Zimbabwe's President Robert Mugabe on Friday declared a "state of disaster" in many rural areas hit by a severe drought, with more than a quarter of the population facing food shortages.

Shell's profits plunge on oil slump

Royal Dutch Shell on Thursday announced an 87-percent plunge in annual net profits on slumping oil prices.

BP loses $6.5bn on oil price collapse

British energy giant BP said Tuesday that it slumped into a vast loss in 2015, ravaged by the dramatic collapse in oil prices.

India's central bank holds rates steady

India's central bank kept interest rates on hold Tuesday, citing the importance of controlling inflation and noting a slowing growth momentum in Asia's third-largest economy.