Business

The heir to the Samsung business empire, Lee Jae-yong, has been arrested on corruption allegations. Jae-yong, the de facto leader of South Korea’s biggest conglomerate, has been under investigation as part of the huge political corruption scandal that has rocked...

Feb 14 Nigeria will sell some national assets to reduce the burden on government budgets and help pull the economy out of recession, according to official documents, but a ministry spokesman on Tuesday disputed a reported amount. Africa's biggest economy...

Nigeria needs to offer work to people who make a living from illegally refining oil in the Niger Delta in order to achieve peace there, the African oil-producing nation's Vice President Yemi Osinbajo said on Tuesday. The government has been...

Stocks flatlined and the dollar dipped on Tuesday as caution set in before testimony from Federal Reserve chief Janet Yellen that may offer clues to the timing of the next U.S. interest rate rise. Adding to pressure on the dollar...

Technology whizzes who helped Goldman Sachs (GS.N) eliminate hundreds of trading jobs over the past few years are venturing into the bank's flagship M&A business, making some junior bankers uneasy. A team of 75 programmers, internally referred to as "strats,"...

South Korea's special prosecutor's office said on Tuesday it would again seek a warrant to arrest Samsung Group chief Jay Y. Lee, a suspect in a graft investigation that may topple President Park Geun-hye. Lee, the third-generation leader of the...

Credit Suisse is to cut up to 6,500 jobs this year after reporting a 2.44 billion Swiss franc ($2.43 billion) net loss for 2016, and said it was examining alternatives to a planned stock market listing of its Swiss...

BEVERLY HILLS, February 13, (THEWILL) - Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost compliance with the group’s supply-reduction deal to a...

The European Commission said on Monday that uncertainty about U.S. policies, Brexit and elections in Germany and France would take their toll on the euro zone economy this year. It forecast euro zone economic growth to lose some speed this...

Samsung Group leader Jay Y. Lee appeared at the South Korean special prosecutor's office for questioning on Monday as part of a wider investigation into an influence-peddling scandal that could topple President Park Geun-hye. The special prosecutor has focused on...