Business

Samsung Unveils Bigger Gear S3 Smartwatches

Samsung Electronics unveiled two new smartwatches on Wednesday which boast a range of digital features while also promising up to four days of battery life, seeking to outshine the Apple Watch. The world's biggest maker of consumer electronic products introduced...

Irish Cabinet Delays Decision On Apple Tax Appeal

Ireland's cabinet could not agree on Wednesday whether to fight a European Commission ruling against Dublin's tax dealings with Apple (AAPL.O), raising questions over any appeal and the government's stability. Finance Minister Michael Noonan has insisted Dublin would appeal any...

Cloud Management Company Box’s Quarterly Revenue Jumps 30 Percent

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Cloud management company Box Inc's (BOX.N) quarterly revenue jumped 30.3 percent as the company added customers. Its net loss narrowed to $38.1 million, or 30 cents per share, in the second quarter ended July 31 from $50.2 million, or 42...

Amazon Dash One-Button Device Arrives In Britain

Seeking to capitalize on Britons too busy or forgetful to shop for household essentials, retail giant Amazon is bringing its thumb-sized, one-button ordering device to the UK. From Wednesday, British Amazon Prime customers will be able to order supplies of...

Epipen Maker Mylan Hires Banks For Debut Euro Bond

Mylan has hired banks for a euro-denominated multi-tranche debut euro bond, a day after the under-fire drugmaker announced it would launch a generic version of its EpiPen allergy injection at half the price. The company has mandated Deutsche Bank, Citigroup,...

Oil Prices Rise On U.S. Weather Fears, OPEC Speculation

Oil futures rose on Tuesday supported by production suspensions in the U.S. Gulf due to an expected tropical storm and speculation that producers meeting in Algeria next month will act to prop up prices. Brent crude futures LCOc1 were trading...

Apple Should Repay Ireland 13bn Euros, European Commission Rules

Ireland should recover up to €13bn (£11bn) from Apple in back taxes, the European Commission has ruled. After a three-year investigation, it has concluded that the US firm's Irish tax benefits are illegal. The Commission said Ireland enabled the company to...

External Reserves Rise by $595m As $309m Flows Into Nigeria’s Forex Market in One Day

BEVERLY HILLS, AUGUST 30, (THEWILL) - Nigeria’s external reserves have risen by $595 million in the past five days to stand at $26.196bn on Monday. The marginal accrual represented an increase of 2.26 per cent, compared with $25.601bn as...

Monday Trading Ends In Loss As Investors Lose N28bn

BEVERLY HILLS, August 29, (THEWILL) - Equity transactions on the Nigerian Stock Exchange which resumed for the week on Monday ended at the end of the day’s trading on a negative note as the market capitalisation depreciated by N28bn...

Yellen Inspires Dollar Bulls

Sentiment towards the US economy was elevated on Friday following the hawkish comments from Janet Yellen which bolstered expectations over the Federal Reserve raising US rates in 2016. Investors were gifted the clarity long sought when Yellen suggested that...