Business

Apple Watch Sales To Consumers Set Record In Holiday Week, Says Apple’s Cook

Sales of the Apple Watch to consumers set a record during the first week of holiday shopping, and the current quarter is on track to be the best ever for the product, Apple Inc (AAPL.O) Chief Executive Tim Cook...

Web Giants To Cooperate On Removal Of Extremist Content

Web giants YouTube, Facebook, Twitter and Microsoft will step up efforts to remove extremist content from their websites by creating a common database. The companies will share 'hashes' - unique digital fingerprints they automatically assign to videos or photos -...

Nigeria To Raise Funds From Eurobonds

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SAN FRANCISCO, December 05, (THEWILL) - Nigeria is set to raise funds from its first international bond since 2013 as the government is in talks with Standard Chartered, Citibank and Stanbic IBTC to arrange the Eurobond sale. THEWILL recalls that...

Sharp CEO Tai Says To Step Down Once Stock Returns To TSE First Section

Sharp Corp (6753.T) CEO and President Tai Jeng-wu told reporters on Monday he would step down once the Japanese electronics maker turns profitable again at the net level and its shares return to the first section of the Tokyo...

Nigeria Exports Rise In Q3 Lifted By Crude Sales To India, U.S.

Dec 1 Nigerian exports climbed 29 percent in the third quarter, official figures showed on Thursday, lifted by crude sales to India and the U.S. that helped cut a widening trade deficit in Africa's largest economy. The National Bureau of...

Oil Prices Soar After OPEC Output Deal, Brent Hits 16-Month High

Oil prices surged more than 4 percent on Thursday, with Brent crude at its highest in about 16 months, extending gains after OPEC and Russia agreed to restrict output to reduce the global supply glut more quickly. The Organization of...

Facebook Developing Artificial Intelligence To Flag Offensive Live Videos

Facebook Inc (FB.O) is working on automatically flagging offensive material in live video streams, building on a growing effort to use artificial intelligence to monitor content, said Joaquin Candela, the company’s director of applied machine learning. The social media company...

Caterpillar Says Wall Street ‘Too Optimistic’ On 2017 Profit Estimate

Caterpillar Inc (CAT.N), the world's largest construction and mining equipment maker, said on Thursday analysts' earnings expectations for 2017 were "too optimistic" as oil prices remained volatile. Analysts on average were expecting 2017 revenue of $38 billion and earnings of...

Oil Up 7 Percent As Market Awaits Details Of OPEC Output Cut

Oil prices rose more than 7 percent on Wednesday as some of the world's largest oil producers agreed to curb oil output for the first time since 2008 in a last-ditch bid to support prices. U.S. West Texas Intermediate crude...

Bank of England sees global financial risks after Trump victory

Donald Trump's victory in the U.S. presidential election has increased the threats to the world economy from higher interest rates and less trade, the Bank of England said on Wednesday. The BoE also pointed to potential dangers from rapid Chinese...