Something about the deal smelled fishy. China Marine Food Group Ltd., a Chinese company then on the New York Stock Exchange, spent $27 million in January 2010 to acquire a firm whose main asset was "algae-based drink know-how." The weird thing: Three months earlier, the beverage formula had been

Investors await latest views from ECB's Draghi as US payrolls report looms U.S. and Japanese flags are placed in front of an electric screen indicating the U.S. dollar against the Japanese yen at a foreign exchange dealing company in Tokyo, Thursday, Nov. 6, 2014. Asian stock markets wavered

The midterm slugfest for control of the U.S. Senate could have far-reaching effects on the economy. Tuesday's elections come just as U.S. growth has been showing consistent improvement, thanks in part to a congressional truce on budget fights. Previous such fights shut down the government and

Russia's president Vladimir Putin is telling investors the economy is in great shape but new growth figures are telling another story. YOU wouldn’t know it from the Chanel boutiques and Maserati dealerships lining the boulevards inside Moscow’s Garden Ring, but economic conditions in Russia are

Chicago Federal Reserve Bank President Charles Evans The U.S. Federal Reserve should be "exceptionally patient" in removing monetary policy accommodation, a top Fed official said on Wednesday, even if doing so means allowing inflation to modestly overshoot the central bank's 2 percent goal. "I am