Business

Facebook Beverages Won’t Be A Thing In China After Rare Trademark Win

Chinese people won't be able to quench their thirst with a refreshing "face book" beverage, after the U.S. social networking company won a rare trademark victory against a local firm in China. By contrast, Apple Inc (AAPL.O) last month lost...

Exclusive: Technicians From SWIFT Left Bangladesh Bank Exposed To Hackers – Police

Bangladesh's central bank became more vulnerable to hackers when technicians from SWIFT, the global financial network, connected a new bank transaction system to SWIFT messaging three months before a $81 million cyber heist, Bangladeshi police and a bank official...

Midas Touch Gone, Hedge Fund Industry’s Influence May Be Waning

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Hedge fund manager David Einhorn has built a reputation on his ability to crater a company's stock. His prescient short calls such as Allied Capital and Lehman Brothers had been announced in previous years at the annual Sohn Investment Conference...

Panama Papers Report Alleges NZ Prime Place For Rich To Hide Money

Wealthy Latin Americans are using secretive, tax-free New Zealand shelf companies and trusts to help channel funds around the world, according to a report on Monday based on leaks of the so-called Panama Papers. Pressure is mounting on Prime Minister...

Oil Rises After Canada Fire Knocks Out Production

Oil rose on Monday after Canada's most destructive wildfire in recent memory knocked out over a million barrels in daily production capacity, but caution among investors prevented a return to late April's 2016 price highs. The lost capacity is equivalent...

China Trade May Sway Fed’s Rate Decision

The Federal Reserve's debate over whether to raise U.S. interest rates in June may be decided in the coming week, as investors look for any cracks in China and evidence of a solid start to the second quarter in...

Saudi Arabia Says To Maintain Stable Petroleum Policies

Saudi Arabia's new energy minister said on Sunday the world's largest crude exporter was committed to meeting demand for hydrocarbons from its customers and would maintain its petroleum policies. "Saudi Arabia will maintain its stable petroleum policies. We remain committed...

NSE Market Cap Adds N47b, As Naira Holds Firm At N321 To Dollar At Parallel Market

BEVERLY HILLS, May 06, (THEWILL) – Activities on the Nigerian Stock Exchange (NSE) on Friday ended positively the market capitalisation adding N47 billion to close at N8.84 trillion compared with N8.79 trillion recorded on Thursday. Similarly, the All-Share Index improved...

Deutsche Bank Says Cooperating With Italian Authorities On Bond Sale Investigation

Deutsche Bank (DBKGn.DE) said on Friday it is cooperating with authorities in Italy in an inquiry regarding the sale of Italian sovereign bonds in 2011. "In 2011 we responded to a related inquiry made by (Italian market regulator) Consob, and...

Oil Falls As Investors Cash In On Month-Long Gains

Oil prices fell on Friday as investors cashed in on a 20-percent rise over the past month, outweighing the impact of crude production cuts in Canada where a huge wildfire has disrupted oil sands operations. Oil prices were down around...