Business

SAN FRANCISCO, July 24, (THEWILL) - Despite the inflation rate of 16.10 per cent in Nigeria as at June 2017, the International Monetary Fund, IMF, on Monday predicted that the Nigerian economy would expand by 1.9 per cent in 2018,...

Websites and some television channels linked to Qatar were unblocked in Saudi Arabia on Monday morning but the change arose from a technical glitch and the restrictions will be reimposed shortly, a key Saudi royal court adviser said. Saudi Arabia,...

CIMB Group Holdings Bhd, Malaysia's second-biggest bank, on Monday said its subsidiary will form an equity joint venture with Ant Financial Services Group, the parent of Alipay, to provide mobile wallet and related financial services. The CIMB unit, Touch 'n...

Amazon.com Inc (AMZN.O) has launched a social feature called Spark that allows members to showcase and purchase products on its platforms, the retail giant's first clear move into the world of social media. Spark, which is currently only available for...

iPhone chip supplier Qualcomm Inc (QCOM.O) faces a new set of antitrust allegations from a group of four companies that assemble the iPhone and other products on behalf of Apple Inc (AAPL.O). Foxconn parent Hon Hai Precision Industry Co (2317.TW),...

Big Wall Street banks have spent billions of dollars and untold man-hours in recent years transforming their trading desks from hedge-fund like operations trading on their own account into market-making businesses offering a price based on what customers want...

Facebook Inc (FB.O) is in early talks with several news publishers about how its social media site can better support subscription business models, the company's head of news partnerships, Campbell Brown, said in a statement on Wednesday. The statement comes...

BEVERLY HILLS, July 19, (THEWILL) - Pan-African financial institution, United Bank for Africa (UBA) Plc Wednesday announced an immediate upward review of the monthly international spend limit on its debit and prepaid Naira cards from $100 to $2,000. The upward review,...

The text message came as Flavia Cabral walked to a McDonald's restaurant in Manhattan for her 6 p.m. shift on a May evening. It was from her manager. Business was slow and she was not needed. Cabral said she was...

Anglo-Dutch conglomerate Unilever (ULVR.L)(UNc.AS) is vying with U.S. canned meat producer Hormel Foods Corp (HRL.N) to buy the foods division of British consumer goods maker Reckitt Benckiser, the Sunday Times newspaper reported, citing sources. Unilever and Hormel are front-runners in...