Business

International Business Machines Corp is in an unusual fix in telling big U.S. banks they can use its Watson software of Jeopardy-winning fame as a cost-saving solution: bankers say they like it, but cannot afford it. IBM is in a...

Macy's Inc (M.N) said it would close about 100 stores and boost investment in its online operations as it seeks to turn around its business after six quarters of falling sales. Shares of the company, which also reported a smaller-than-expected...

Oil prices steadied on Thursday after the International Energy Agency forecast crude markets would rebalance in the next few months following several years of heavy overproduction. The IEA, which advises large developed economies on energy policy, predicted oil stocks would...

SAN FRANCISCO, August 10, (THEWILL) – After over two years on the spot, South Africa has reclaimed the position of the biggest economy on the African continent from Nigeria in terms of the exchange rate of the countries local...

U.S. worker productivity fell for the third straight quarter in the spring this year, suggesting that corporate profits may continue to decline and wage growth may remain sluggish. The Labor Department said on Tuesday that productivity, which measures hourly output...

Bell Canada, Canada's largest telecommunications company, announced on Tuesday a public offering of C$1.5 billion of medium term notes (MTN) debentures in two series. The net proceeds of the offering are to be used to fund parent company BCE Inc's...

WTI Crude edged higher on Tuesday with prices clipping above $43 as the ongoing talks by some OPEC members over a potential freeze on output generated speculative boosts in oil prices. Regardless of these short term gains, Oil remains...

Nigeria's central bank this year is to allow banks to write off bad loans for which they have already made provisions to help them to clean up their balance sheets. Pressure has been building on the country's banks, whose loan...

BEVERLY HILLS, AUGUST 9, (THEWILL) - CBN Directs BDCs Not To Sell Forex Above 2% Margin Of Purchase RateThe Central Bank of Nigeria (CBN) Tuesday directed Bureau De Change (BDCs) operators not to sell foreign exchange above two per...

BEVERLY HILLS, AUGUST 9, (THEWILL) - An accountant and bureau de change, BDC, operator, Harisson Owoh, says the naira is on the path to recovery as banks were set to sell Forex to BDC Operators. Owoh told the NAN in...