Business

BEVERLY HILLS, JULY 22, (THEWILL) - Nigerian equity market for the fifth consecutive day extended down trend with the market capitalisation losing N116 billion due to price loses posted by major blue chips. The market capitalisation on Friday shed N116...

BEVERLY HILLS, JULY 20, (THEWILL) - THE naira on Wednesday suffered heavily at the parallel market depreciating against the dollar to N375/$ as the All-Share Index of the Nigerian Stock Exchange lost 267.38 points or 0.94 per cent to...

UnitedHealth Group Inc (UNH.N) on Tuesday said it anticipated another $200 million more in losses this year on the individual insurance business created under U.S. President Barack Obama's national healthcare reform law, citing the program's high medical costs. The largest...

Swedish truckmaker Volvo (VOLVb.ST) reported better than expected second-quarter earnings on Tuesday as cost cuts and rising European sales helped fortify it against slumping U.S. demand for commercial vehicles. Heavy-duty trucks, where Volvo is competing with Germany's Daimler (DAIGn.DE) and...

Yahoo Inc's (YHOO.O) quarterly earnings fell short of Wall Street expectations on Monday in what may be the company's last financial report before it sells its core business. Yahoo reported adjusted earnings of 9 cents per share, short of the...

Wall Street eked out gains on Monday as Bank of America's better-than-expected profit boosted optimism about the U.S. quarterly earnings season, but not by enough to send the Dow and the S&P 500 to fresh highs. SoftBank's $32 billion deal...

U.S. equities finally managed to break above last year’s record highs, supported by solid economic data and prospects of a new round of monetary easing by major central banks. The S&P 500 ended Friday up 5.76% year-to-date, but when...

Bank of America Corp (BAC.N) reported a 19 percent drop in second-quarter profit on Monday and set a new expense target as growth in businesses from lending to trading failed to offset the impact of persistently low interest rates. Like...

Guaranty Trust Bank remains one of the top two rated Banks in Nigeria as shown by the recently released Rating Report by Fitch, a global rating agency. Fitch revised the Outlook on the Bank’s Long term Issuer Default Rating (IDR) from Negative to Stable citing the...

The Dollar Index found comfort within a tight range with 96.00 acting as a tough support during trading on Friday ahead of the heavily anticipated US CPI report that may offer clarity on the health of the US economy....