Business

Global markets felt pressured during trading on Tuesday as the elevated concerns over the immeasurable impacts of a Brexit to the global economy weighed heavily on sentiment. Although stocks edged higher on the “Bremain” optimism during trading this week,...

Oil prices fell on Tuesday after a strong two-day rally abated amid volatility fed in part by a vote later this week in Britain that will determine whether the country will leave the European Union. A one-month ceasefire between the...

South Korean car maker Hyundai Motor Co (005380.KS) said on Tuesday General Electric (GE.N) seeks to sell out of its 20 percent stake in their joint venture, unlisted lender Hyundai Capital, to a third party. It did not offer any...

Nigeria's naira slumped 23 percent against the dollar on Monday after the central bank removed its currency peg to alleviate chronic foreign currency shortages choking growth in Africa's biggest economy. The naira traded just twice at 255 against the dollar,...

Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency. That shale giants...

British oil major BP has approved investment in the first phase of developing the large Atoll gas field offshore Egypt, only 15 months after it first announced its discovery. BP, which declined to give an investment figure for the project,...

After dropping more than $200 billion in market capitalization in one year, Apple shares could fall further as they are set to lose their weighting and be reclassified in the annual reconstitution of the widely followed Russell indexes. When all...

Global markets are on high alert as investor anxiety mounts ahead of the heavily anticipated E.U referendum vote on the 23rd of June. Uncertainty continues to heighten and this has triggered a wave of risk aversion, consequently encouraging investors...

The growing Brexit anxieties and elevated concerns over the impact of a Brexit vote on the global economy have been major themes which continue to dominate the financial markets. Since Boris Johnson’s shocking decision to join the Brexit camp...

Nigeria's central bank is "reasonably optimistic" the naira will settle at around 250 to the U.S. dollar after an initial period of weakness following a flotation on Monday, the bank's governor has said in a letter to President Muhammadu...