Business

Paypal Revenue Jumps As It Adds Users, Processes More Payments

PayPal Holdings Inc's (PYPL.O) quarterly revenue rose 19 percent as the company added customers and processed more digital payments on its network. Shares of the payment processor, which was spun off from eBay Inc (EBAY.O) last year, rose 4 percent...

Facebook Revenue Beats Estimates As Mobile Ad Sales Surge

Facebook Inc (FB.O) reported a better-than-expected 51.9 percent rise in quarterly revenue as its increasingly popular mobile app and push into live video continued to attract new advertisers and encouraged existing ones to boost spending. The company's shares rose 5.8...

Oil Hits 2016 High Due To Falling Output, Weaker Dollar

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BEVERLY HILLS, April 27, (THEWILL) – Oil hit its highest level on Wednesday, driven by a falling dollar and evidence of declining U.S. supply, putting the price on course for its strongest monthly performance since last April. Brent crude futures...

Wall St. Dragged Down By Oil, Lackluster Earnings

Wall Street was lower on Monday as a drop in oil prices, lackluster quarterly earnings and an impending Federal Reserve meeting weighed on investor sentiment. The central bank's policymakers are expected to hold interest rates steady when they meet on...

Bangladesh Bank Hackers Compromised SWIFT Software, Warning Issued

The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, said security researchers at British defense contractor BAE Systems. SWIFT,...

Honeywell To Repurchase Up To $5 Billion Of Shares

Honeywell International Inc (HON.N), a U.S. manufacturer of aerospace parts and climate control systems, said its board authorized the company to repurchase up to $5 billion of its common stock. In March, Honeywell had scrapped its $90.7 billion offer to...

Saudi Arabia Agrees Plans To Move Away From Oil Profits

The Saudi cabinet has approved sweeping economic reforms aimed at moving the country away from its dependence on oil profits. Just over 70% of revenues came from oil last year but it has been hit by falling prices. One part of...

NSE Market Capitalisation Improves Further By N43bn

SAN FRANCISCO, April 21 (THEWILL) – Activities on the Nigerian Stock Exchange (NSE) on Thursday sustained positive growth with the market capitalisation appreciating further by N43 billion. The News Agency of Nigeria (NAN) reports that the market capitalisation which opened...

Shell Defies Order To Halt Production At Nigeria Facility – Officials

Royal Dutch Shell has failed to halt production at the Gbaran Ubie oil and gas facility in southern Nigeria, contravening a court order for the site to be sealed and raising the prospect of legal action, state government officials...

Oil Surge Drives World Stocks Higher, ECB Looms

World stock markets climbed to their highest in almost five months on Thursday after a surge in oil prices boosted risk appetite, while the euro steadied ahead of a European Central Bank meeting. European stocks crept higher at the open,...