Business

U.S. Says China Internet Censorship A Burden For Businesses

The United States has labeled China's internet censorship a trade barrier in a report for the first time since 2013, saying worsening online restrictions are damaging the business of U.S. companies. Since Xi Jinping became China's president that year, the...

Hyundai Recalls 173,000 Sonata Cars In U.S.: Filing

Hyundai Motor Co (005380.KS) will recall 173,000 model year 2011 Sonata cars in the U.S. market for a potentially defective power steering system, U.S. safety officials said in a filing on Friday. The National Highway Traffic Safety Administration (NHTSA) said...

Yahoo Extends Deadline For Bids By A Week: Re/Code

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Yahoo Inc (YHOO.O) has extended the deadline to bid for its businesses by a week to April 18, technology news website Re/code reported, citing people familiar with the matter. Yahoo, whose shares were up 1.4 percent in premarket trading, had...

Nigeria Targets Elusive Small Traders In New Tax Drive

...Tax officials cracking down on small traders ...Buhari seeking to offset slump in oil revenues ...Hard to track thousands of small businesses Sewing hair extensions to the plaits on a middle-aged woman's head, Nigerian hairdresser Bridget Okoidegun is not sure how much...

Nigeria’s Forex Reserves Rises By $40million

igeria’s forex reserves rose by 40 million dollars in March on a 30-day moving average basis to 27.9 billion dollars. This is on the back of oil price climb to 40 dollars a barrel. In an analyst note released on Tuesday...

Orange To Invest In Nigerian E-Commerce Group Africa Internet

French telecommunications company Orange is to invest 75 million euro ($85 million) in Nigerian e-commerce group Africa Internet Group (AIG) and become a shareholder, the two companies said on Tuesday. AIG, which was founded in Nigeria in 2012, already counts...

U.S. Trade Deficit Widens, But Rising Exports Offer Hope

The U.S. trade deficit widened more than expected in February as a rebound in exports was offset by an increase in imports, the latest indication that economic growth remained weak in the first quarter. The Commerce Department said on Tuesday...

IMF Chief Ramps Up Call For Global Action As Growth Risks Increase

The global economy's already modest prospects will decline further unless authorities take stronger action to boost growth, the head of the IMF warned on Tuesday, saying the Fund would cut its headline forecasts next week. Christine Lagarde said China's shift...

Twitter To Stream NFL Thursday Night Games: Bloomberg

Twitter has won a deal to broadcast Thursday night National Football League games online, Bloomberg reported on Tuesday, citing a source familiar with the matter. Twitter Inc (TWTR.N), whose shares were up about 4 percent premarket trading, outbid a number...

Disney Expands Search For New CEO, COO Staggs Leaving

Tom Staggs, the veteran Walt Disney Co executive who had been widely seen as the media company's next CEO, will step down on May 6 as the board expands its search for a successor to Bob Iger, Disney said...