Business

When Wal-Mart Stores Inc. (WMT.N) first expanded into Brazil's midwestern farm-belt city of Campo Grande seven years ago, the economy was booming and executives were eager to open stores even in sub-prime locations on one-way streets heading out of...

T-Mobile US Inc's (TMUS.O) profit nearly tripled in the holiday quarter as aggressive price cutting and offers helped it draw customers away from competitors. T-Mobile added a net 2.1 million customers in the three months ended Dec. 31. The company's average...

Iran said on Wednesday it would resist any plan to restrain its oil output as fellow OPEC ministers tried to persuade the country to join the first global oil pact in 15 years. Talks in Tehran between Iranian oil minister...

Global transaction network SWIFT has reconnected a number of Iranian banks to its system, allowing them to resume cross-border transactions with foreign banks after the lifting of sanctions on Tehran, a SWIFT official said. Iranian banks were disconnected from Belgium-based...

SAN FRANCISCO, February 16, (THEWILL) – The naira on Tuesday further depreciated in value to N352/$ at the parallel market following continued scarcity of the greenback. Also, there has been speculation by the public that the Central Bank of Nigeria...

U.S. President Barack Obama and allies from Southeast Asia will turn their attention to China on Tuesday on the second day of a summit intended to improve commercial links and provide a united front on maritime disputes with Beijing. After...

Oil prices slipped off session highs on Tuesday after four of the world's largest producers agreed to freeze output at January levels if other major exporters joined the pact, dashing hopes among the price bulls for an outright cut...

This winter was supposed to be Nutanix's time to shine. The high-tech computing and storage company filed for a hotly anticipated initial public offering in December, ready to woo investors early in the New Year. But so far, Nutanix hasn't been...

Rapper and fashion designer Kanye West, who says he is $53 million in debt, has asked Facebook Inc's Chief Executive Officer Mark Zuckerberg to invest $1 billion into his "ideas." West asked his Twitter followers to urge Zuckerberg to support...

Mobile telecoms network operator Vodafone (VOD.L) and cable company Liberty Global (LBTYA.O) have agreed to combine their Dutch operations to create a stronger package of TV, broadband Internet and mobile, aiming to better take on former incumbent KPN (KPN.AS). Vodafone...