Time Warner Inc. and AT&T Inc., companies that over the decades have survived the evolution of color TV and cable, are contemplating a merger to adapt to the latest technological shifts: smartphones and streaming.
Iran is sending positive signals that it may support joint action to prop up the oil market, sources in OPEC and the oil industry said, potentially aiding efforts to revive a global deal on freezing production levels at talks next month.
China’s long-held desire to provide an alternative to the U.S. dollar will get a boost on October 1, when the yuan enters the International Monetary Fund’s basket of reserve currencies, placing it alongside the pound, euro, yen and dollar. The yuan’s ascent is likely to advance China’s economy—and its standing in the world.
A rally that pushed international crude-oil prices above $50 a barrel Thursday is a welcome sign for many energy companies but not enough to kick-start an industry in the midst of a two-year slump, executives said.
Brazilian authorities removed two American Olympians from their flight to the U.S. late Wednesday, as police escalated an investigation into an alleged armed robbery of U.S. Olympic star Ryan Lochte and three other swimmers.
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