Business

World Stocks Shatter Records; Euro Near Three-Year High

Strong data from the world’s largest economies helped global shares climb to new heights on Thursday, while the euro hovered near a three-year high and the U.S. dollar fell against major currencies. MSCI’s gauge of stocks across the globe broke...

Unilever To Close UK Colman’s Mustard Factory

Production of the condiment will likely start to be transferred this year to other British sites including Burton upon Trent, where Marmite and Bovril are made, with some packing moving to Germany, the company said on Thursday. The decision follows...

SEC Warns Bitcoin, Cryptocurrency Investors At Risk

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The U.S. Securities and Exchange Commission warned Thursday that investors should “exercise caution” with cryptocurrencies like bitcoin, noting state and federal regulators may not be able to recoup any lost investments from illegal actors. Many promoters of initial coin offerings...

Nigeria Tops In World Bank Group 2017 PPP Ranking

BEVERLY HILLS, December 31, (THEWILL) - Nigeria is one of the top four leading voices in Public Private Partnerships, PPP, in the 2017 ranking of the World Bank Group, WBG. Yelena Osipova-Stocker, Communications Officer for Infrastructure, PPPs and Guarantees Group of...

Court Orders Eni, Shell To Stand Trial In Italy Over Bribery Allegations In Nigeria

SAN FRANCISCO, December 20, (THEWILL) - A Judge in Milan, Italy, has ordered Eni and fellow petroleum company, Shell, to stand trial in Italy over allegations of bribery and corruption in the 2011 purchase of an offshore oil block...

Asia Stocks Up On U.S. Tax-Reform Optimism, Dollar Hesitant

Asian stocks advanced on Tuesday after a record-setting session on Wall Street on bets that U.S. lawmakers would pass sweeping tax legislation, while the dollar was tentative as traders were circumspect about the bill’s economic impact. Spreadbetters expected Britain’s FTSE...

Singapore Issues More Financial Bans Related To 1MDB Scandal

Singapore’s central bank on Tuesday said it had permanently barred Yeo Jiawei, a former wealth manager of Swiss bank BSI involved in breaches related to Malaysia’s 1MDB fund, from managing financial services firms and advisory activities. In July, a Singapore...

ESPN President Skipper Resigns To Deal With Substance Addiction

Walt Disney Co’s (DIS.N) John Skipper resigned on Monday as president of ESPN, the company’s most important network, due to a problem with addiction. "I have struggled for many years with a substance addiction," Skipper, who was also Disney Media...

Dangote Accuses BUA Of Stealing And Illegally Mining Limestone On Its Properties

SAN FRANCISCO, December 17, (THEWILL) - Dangote Group has accused BUA of engaging in illegal mining of limestone deposited in its Mining Lease No. 2541, located in a boundary town of Oguda/Ubo in Okene Kogi State. Dangote’s Executive Director, Mr. Devakumar...

Nigeria Seeks To Amend Deep Offshore Oil Act To Raise Crude Revenue

Nigeria is seeking to amend a law on deep offshore oil exploration and drilling, aiming to increase government revenue from crude sales when prices exceed $20 a barrel, the country’s oil minister said on Wednesday. Nigeria’s government relies on oil...