Business

Huawei Files With Second China Court In Samsung Patent Suit

Huawei Technologies Co Ltd has submitted a filing with a second court in China as part of a patent lawsuit against smartphone rival Samsung Electronics Co Ltd (005930.KS). Quanzhou Intermediate People's Court spokesman Wang Zhiwei told Reuters the court...

Tax Haven Route Won’t Work For Post-Brexit UK, OECD Says

The United Kingdom is unlikely to try to lure international investment by becoming a tax haven after it leaves the European Union, according to an internal memo prepared by the body responsible for the drafting international tax rules. The head...

Bank Of Israel Buying ‘Hundreds Of Millions’ Of Dollars: Sources

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The Bank of Israel bought "hundreds of millions" of dollars of foreign currency on Monday, dealers said, after the shekel ILS= continued to strengthen for a fifth straight session. One dealer at an Israeli bank said the central bank started...

Oil Climbs As Market Seen In Balance, But Slow Demand Weighs

Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed. Brent crude futures LCOc1 were trading at $50.58 per barrel at 0938 GMT,...

Dollar Depressed Ahead Of ISM Manufacturing

Dollar bears were on the offensive during trading on Friday as the lingering Brexit anxieties heightened concerns over the Federal Reserve failing to raise US rates in 2016. US rate hike expectations have periodically declined, with the unexpected Brexit...

NSE Market Capitalisation Drops By N101bn

SAN FRANCISCO, July 01, (THEWILL) – The Market capitalisation of the Nigerian Stock Exchange (NSE) on Friday dipped further by N101 billion, amid price loses by some highly capitalised stocks. The capitalisation which opened at N10.165 trillion, shed N101 billion...

Spotify Hits Out At Apple After Updated App For iPhones Rejected

Spotify confirmed on Friday that it has complained to Apple Inc (AAPL.O) after the U.S. tech giant rejected an updated app for the Swedish music streaming service on iPhones. The two companies have gone head to head in the battle...

Wall Street Opens Flat As Rough Week Draws To A Close

Wall Street opened higher for the fourth straight day as increased prospects of central bank stimulus around the world bolstered investor confidence. Investors were also taking stock of their holdings after a tumultuous week in the wake of Britain's vote...

Markets Stabilize But Have Brexit Jitters Subsided?

Global stocks weathered the Brexit blues during trading on Wednesday with most major markets clawing back previous losses as optimism grew over central banks intervening to stabilize the post-Brexit turmoil. Sentiment towards the global economy continues to show signs...

MTN Acquires 2.6 GHz Broadband License, Ready To Deploy 4G LTE Internet

BEVERLY HILLS, June 29, (THEWILL) - MTN Nigeria has won the frequency spectrum license for the 2.6GHz band, as the sole bidder, in the auction exercise by the Nigerian Communications Commission (NCC). A statement by MTN, on Wednesday, disclosed that...