Business

Twitter Revamps 140-Character Tweet Length Rules

Twitter is overhauling some of its rules to try to make itself simpler to use and more attractive to newcomers. Members will be able to add multimedia to tweets - including pictures, links and videos - without eating into the...

Google’s Paris HQ Raided In Tax Probe

French finance officials have raided the Paris offices of US internet giant Google as part of a tax fraud investigation. Reports say about 100 tax officials entered Google's offices in central Paris early in the morning. Police sources confirmed the raid....

Update: EXCLUSIVE: Nigeria To Officially Devalue Naira To N250 – $1

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UPDATE: Governor of the CBN, Mr. Godwin Emefiele Tuesday officially announced the introduction of a flexible foreign exchange rate regime that would effectively devalue the naira against the United States dollar at the official window. The governor, who announced this during...

Risk Aversion Drives Commodity Currencies Lower

Commodity currencies traded in red across the board early Tuesday as risk aversion and dropping commodity prices continued to weigh on high yielding currencies. The Aussie fell by more than 30 pips against the US Dollar to trade below...

Oil Falls After Iran Dampens Hopes For Production Freeze

Brent oil prices fell for a fourth consecutive session on Monday after Iran insisted it would not freeze crude output, returning investor attention to a global glut. Adding to signs the oil market will remain oversupplied, data showed last week...

GE Says To Double Saudi Workforce As Economy Reforms

Saudi Arabia won support for its economic reform plan from one of the world's biggest companies on Monday as General Electric Co (GE) (GE.N) said it would double its workforce in the kingdom to 4,000 people by 2020. GE will...

Bayer Defies Critics With $62 Billion Monsanto Offer

German drugs and crop chemicals group Bayer has offered to buy U.S. seeds company Monsanto for $62 billion in cash, defying criticism from some of its own shareholders in a bid to grab the top spot in a fast-consolidating...

Tribune Rejects Gannett’s Latest Offer, Gets $70.5 Million Investment

Tribune Publishing Co (TPUB.N), the owner of the Los Angeles Times and the Chicago Tribune, rejected Gannett Co Inc's (GCI.N) latest takeover offer but said it would allow Gannett to access some confidential corporate information. Tribune also said on Monday...

G7 Stalemate Sparks Jitters

Stock markets violently oscillated between losses and gains during trading on Monday as the mounting Brexit anxieties coupled with heightened expectations over the Fed raising US rates in Q2 encouraged investors to scatter from riskier assets. Confidence towards the...

Gold Suffers Third Weekly Loss

Gold concluded trading for last week under heavy selling pressure with the metal not only recording its third consecutive weekly losses, but also declining towards levels not seen since late April below $1250. The major reason for the weakness...