Business

BEVERLY HILLS, May 12, (THEWILL) – The Chairman and President of the Export-Import Bank of the United States, EXIM Bank, Fred P. Hochberg, and the CEO and Group Managing Director of United Bank for Africa, UBA, Philips Oduoza, on...

BEVERLY HILLS, May 11, (THEWILL) – Sterling Bank and Access Bank have notified the Nigerian Stock Exchange (NSE) about their operations concerning the ongoing investigations by the Economic and Financial Crimes Commission (EFCC). The banks on Tuesday issued separate statements...

A car bomb claimed by Islamic State in a Shi'ite Muslim district of Baghdad killed at least 52 people and wounded more than 78 others on Wednesday, Iraqi police and hospital sources said, the largest attack inside the city...

Oil prices rose on Wednesday as worries about supply disruptions resurfaced after Shell announced the closure of a key Nigerian pipeline. Brent crude oil futures LCOc1 were up 27 cents at $45.79 per barrel at 1146 GMT. U.S. West Texas...

Panama, rocked by a recent major tax scandal, has joined around 100 countries in an agreement to share financial information automatically to tackle tax evasion, the Organization for Economic Cooperation and Development said on Wednesday. The information sharing scheme was...

Mitsubishi Motors Corp used improper mileage tests on almost all its vehicles sold in Japan since 1991, the Asahi newspaper reported on Tuesday, raising the possibility that the practice was widespread at the Japanese automaker. Non-compliant tests were used on...

Asian stocks slipped to two-month lows on Tuesday as weak oil prices weighed on sentiment while the dollar got a lift against its peers as the differences in policy directions between the world's top central banks became starker. MSCI's broadest...

Nokia's (NOKIA.HE) mobile network equipment sales fell more than expected in the first quarter and will continue to decline this year, the Finnish company said, as customers hold off new orders while it integrates its purchase of rival Alcatel-Lucent. Nokia...

General Electric Co (GE.N) has agreed to buy a unit of South Korea's Doosan Engineering and Construction Co (011160.KS) that produces key components of combined-cycle power plants, the head of the U.S. company's power division said on Tuesday. The $250...

Japan will intervene in the currency market if "one-sided" yen rises last long enough to hurt its economy, Finance Minister Taro Aso said, issuing the strongest threat of action since the yen started its rapid ascent in the past...