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Oil Drops Below $48 On Fed Hike Speculation, Fading Support From Outages

Business THEWILL_ -
Oil fell below $48 a barrel on Thursday, pressured by a stronger dollar and as a surprise increase in U.S. crude inventories served as...

Widening U.S. Money Fund Spread Sets Stage For $400 Billion Shift

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The difference in yield between prime and government money market funds has widened by 6 basis points since January, according to data released on...

Dollar Bulls Rescued By FOMC Hawks

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Explosive levels of volatility rattled the financial markets during trading on Wednesday following the shockingly hawkish FOMC meeting minutes which renewed expectations over the...

Naira Strengthens Further Against Dollar

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BEVERLY HILLS, May 18, (THEWILL) – The Naira on Wednesday appreciated further against the dollar at the parallel market. The News Agency of Nigeria (NAN)...

Oil Steadies Ahead Of U.S. Inventory Data; Brent Below $50

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Oil prices steadied on Wednesday, pausing from the 2016 highs hit in the previous session, as investors awaited government data on U.S. crude stockpiles...

Ex-JPMorgan, Citi FX Sales Employees Sue Banks

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A former London-based JPMorgan (JPM.N) foreign exchange sales person is suing the Wall Street bank for unfair dismissal, according to a court filing released...

Wall Street Lower As Retail Shares Weigh; Fed Minutes Eyed

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Wall Street opened lower on Wednesday as a fall in retail shares weighed ahead of the release of minutes from the Federal Reserve's April...

Microsoft To Sell Feature Phone Business To Foxconn Subsidiary, HMD Global

Business THEWILL_ -
Microsoft Corp (MSFT.O) said it is selling its entry-level feature phone assets to FIH Mobile Ltd and HMD Global Oy for $350 million. FIH Mobile,...

Crude Oil In Six-Month High At $49.31 Per Barrel

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SAN FRANCISCO, May 17, (THEWILL) – Oil rose to six-month high near $50 per barrel on Tuesday boosted by investors demand for riskier assets...

Oando Explains Delay Of 2015 Financial Report, As It Records Another Loss In Earnings

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SAN FRANCISCO, May 16, (THEWILL) - The Management of Oando Plc has called for calm over its inability to issue its audited accounts on...
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