ECONOMY & MARKETS

India prepares to transfer subsidies on cooking gas to consumers' bank accounts even as its public distribution system continues to totter.

Britain is considering reducing the tax bill for oil explorers in the North Sea including a proposal from the industry to halve rates.

British companies plan to cautiously relax their grip on pay in 2015.

China's trade minister proposed more use of China's currency in settling trade with Russia in the face of a weaker ruble.

Travel analysts expect gas prices to drop before Christmas and again before New Year's Day.

New Year’s Day, Lithuania will become the last of the Baltic states to join the euro currency bloc.

Saudi Arabia Oil Minister Ali al-Naimi says other countries are welcome to cut their oil output, but that his country will not be doing it.

As Ford and GM plants close, workers are unsure about what comes next.

Retail analysts say the last Saturday before Christmas could trump "Black Friday" as the biggest retail-generating day of 2014.

India is offering to set up an insurance pool to indemnify global nuclear suppliers against liability in the case of a nuclear accident.

The Dow and the S&P 500 completed three straight days of gains Friday, as U.S. stocks soared to the largest three-day rally since 2011.

Despite lawmakers’ call for a federal probe, the Chicago mayor gets a new infusion of money from firms making fees off Chicago pensions.

Department of Labor data released Friday paint a rosy picture of state labor markets, but they ignore important considerations.

Russian lawmakers approve a measure to rescue country’s banks that’s similar to 2008 Troubled Asset Relief Program in the U.S.

The world’s second-largest economy is $308 billion bigger than previously imagined, but its debt is still more than twice its economic output.

Arvind Subramanian said on Friday that India should increase public spending to boost economic growth in the medium term.

Swiss National Bank announced it would impose an interest rate of -0.25 percent on the portion of so-called "sight deposits."

EU leaders decided to maintain a tough stance toward Russia Thursday, while also sustaining mutually beneficial commerce.

The Dow skyrocketed 400 points Thursday, and the S&P 500 jumped more than 2 percent, in their biggest one-day gains this year.

Supporters insist that government-regulated pot will drive customers to legal retailers and away from the black markets.

For the first time in decades, Switzerland will charge commercial banks to park money.

The Dow soared Thursday after global; crude oil prices bounced back from five-year lows earlier this week.

Putin advocated for diversity in revenue sources while reducing dependency on oil to strengthen Russia's economy.

The French parliament approved President Francois Hollande’s revised 2015 deficit-cutting budget on Thursday.

The Fed has held benchmark overnight rates near zero since December 2008.

Even as the Russian ruble appeared to rebound after a sharp decline, the ripple effects of the crisis will be widespread.

The lifting of U.S. restrictions on Cuba Wednesday will help tourism but won't unleash a surge of imports and exports between the nations.

The Federal Reserve replaced "considerable time" from its monetary policy Wednesday, promising to be "patient" when hiking rates.

While Africa will likely be immune to Russia's economic problems, wider global trends could hurt them both.