Bloomberg WPX Energy Inc is in talks to buy the oil and gas exploration assets of closely held Felix Energy for about $2.5 billion, according to people familiar with the matter. WPX Energy could announce a deal with Denver-based Felix Energy later this month, said one of the people. No final decision has been made and talks could fall through, ...

The US dollar’s position as the world’s reserve currency might be weakening. In the last few years, the fraction of global reserves denominated in dollars has been inching down: This follows a longer-term slide; at the turn of the century more than 70% of reserves were in dollars. Meanwhile, central banks are buying more gold, which could signal a lack ...

Christine Lagarde is famous for her lively and engaging speaking style. But when she holds her first press conference as president of the European Central Bank, she would be wise to play it safe. It takes time to build a reputation as a central banker who can speak clearly and then deliver on her promises. A wrong foot could make ...