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Sugar Games: A Peek Inside the Elite, High-Stakes Gamble of Sugar Futures

A handful of the world's biggest merchants play a high-stakes game every few weeks and a well-connected newcomer from Asia, Wilmar International, just sat down at the table. The stakes are in sugar often worth hundreds of millions of dollars; the occasion is the expiry of futures contracts.

Barclays to Cut 3,700 Jobs As Part of 'Project Transform'

Barclays new chief executive pledged a fresh course for the British lender on Tuesday, axing at least 3,700 jobs and pruning its investment bank as he seeks to rebuild its reputation and boost profitability after a series of scandals.

Jobs Report: Unemployment Rate Holds Steady At 7.8 Percent

Hiring by U.S. employers slowed slightly in December, pointing to a lackluster pace of economic growth that was unable to cut further into the country's still high unemployment rate. Payrolls outside the farming sector grew by 155,000, in line with analysts' expectations.

Top 10 Business Stories of 2012

This would be the year when the global economy finally regained its vigor. At least that's what many had hoped. It didn't happen. So what were the top ten business stories of 2012?

Delta Air Lines Buys 49 Percent Stake in Virgin Atlantic

Delta Air Lines said it will buy almost half of Virgin Atlantic for $360 million as it seeks a bigger share of the lucrative New York-to-London travel market. Landing rights at London's Heathrow Airport are limited, and the deal is a way for Delta to expand its foothold there.

HSBC to Pay $1.9 Billion to Settle Money-Laundering Case

HSBC agreed Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe. Europe's largest bank will pay the biggest penalty ever imposed on a bank after facing accusations it transferred funds through the U.S. from Mexican drug cartels and on behalf of nations such as Iran that are under international sanctions.

Oil Prices Retreat to Near $85 a Barrel Thanks to Plentiful Supply

Ample supplies helped send oil prices down to near $85 per barrel on Friday.Benchmark oil for December delivery was down 80 cents to $85.25 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. Oil hasn't been that low since July 10.

Olympic Fool's Gold: Don't Fall for Phony London 2012 Souvenirs

U.K. officials are warning tourists traveling to the Olympics to be cautious in their purchases of Olympic-themed merchandise: Police have already seized thousands of pounds of counterfeit Olympic items at ports and airports, ranging from lighters to T-shirts to totes.

Take Home the Gold: How to Invest in Olympic Collectibles

In theory, Olympic mementos seem like a good investment. After all, there will be only one 2012 London Olympics, and the souvenirs created for it will never be made again. But how much Olympic swag will actually increase in value over the years?

Eurozone Unemployment Hits New Record High

Unemployment in the 17-country euro currency bloc hit another record high in May -- 11.1% -- as the crippling financial crisis pushed the continent toward the brink of recession, official figures showed Monday.

Missoni Buzz Overwhelms Target Stores, Website

Target strategically built a wave of buzz around Tuesday's launch of the Missoni for Target line, but the retailer was unprepared for what it created: Mob scenes in stores and a surge that crashed its website for more than a day. So was the near instant sellout a success, or a PR mess?

J.C. Penney Takes Aim at Fashion Leader Status

The jcp design groupe is bringing legitimate fashion cred to the retailer, with trendy looks that rival higher-end, higher-priced chains. Follow their new camel cape from conception to consumer with us and you'll get the message they're sending: This is not your mother's J.C. Penney.

Home Exchanges: Why Pay When You Can Swap?

Summer is around the corner, but vacation budgets for many families are tight. Still, a bit of belt-tightening doesn't have to mean giving up your dream vacation if you're able to escape the costs of a hotel and car rental. Now could be the time to take a leap of faith and try a home exchange or swap.

Budget London Tips: Tour for $15 a Day

London is rumored to be one of the most expensive cities in the world, thanks in large part to an exchange rate that is not in Americans' favor. But...

Millions of Londoners Affected by Subway Worker Strike

Millions of Londoners struggled to get to work this morning thanks to a 24-hour strike by workers on the city%u2019s subway system, known as the Tube. Transport for London, which runs the subway, said that about 40% of underground trains were operating, along with the Docklands Light Railway, which serves the financial district in the east of the city.

London Subway Strike Cripples City Transport

Londoners were forced to take buses, boats and taxis to work as a strike by subway workers crippled service. About 40% of London%u2019s subway trains ran this morning, with one line completely out of service, Bloomberg News reported. The city added about 100 extra buses and a boat with room for 500 people to help alleviate traffic congestion.

U.K. Budget Would Levy New Tax on Banks, Hike VAT

In laying out a new budget to tackle Britain's fiscal mess, newly appointed Chancellor of the Exchequer George Osborne has proposed a multibillion-pound bank levy, which will apply to the balance sheets of U.K. banks, as well as a hike in the value-added tax.

Is the Art Market Bust Finally Over?

After a year and a half of art market anguish, there are signs of a comeback, with the tone set by Lucian Freud's black eye. The coming wave of contemporary art auctions are estimated to be 68% higher than last year, bringing a renewed hope to collectors around the world.