Business

The French car-maker Peugeot would pay compensation to Iran according to a new contract signed with Tehran last month, for the losses inflicted through its sudden withdrawal from the Iranian market during the sanctions, Iran's minister of trade and...

BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on...

New Jersey on Friday filed a lawsuit against Volkswagen AG (VOWG_p.DE) and its luxury units over the German automaker's excess diesel emissions, becoming the fourth U.S. state to take legal action. New Jersey's acting attorney general, John J. Hoffman, accused...

Taiwan's Foxconn is aiming to finalise a deal to acquire Japan's Sharp Corp by the end of the month, after the two firms reached a consensus on most points, Foxconn Chief Executive Officer Terry Gou said. Foxconn, known formally as...

LinkedIn Corp's shares plunged about 35 percent on Friday, wiping out nearly $9 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. The stock sank to...

SAN FRANCISCO, February 04, (THEWILL) – The Central Bank of Nigeria (CBN), Thursday, extended the registration and linkage of Bank Verification Number (BVN) to accounts of Nigerian banks’ customers in the Diaspora to June 30. According to the CBN, this...

Royal Dutch Shell shares rose after it confirmed it would cut 10,000 jobs and a sharp fall in annual profits. Shell extended gains to 7% as it said it made $1.8bn (£1.23bn) for the fourth quarter, compared with a $4.2bn...

Credit Suisse (CSGN.VX) reported its first full-year loss since 2008 after booking a big impairment charge at its investment banking business, sending its share price tumbling and piling pressure on new Chief Executive Tidjane Thiam. The shares fell more than...

U.S. stocks were lower on Thursday after weak economic data and a spate of poor corporate results heightened investors' fears of a slowdown in the economy. Data showed that the number of Americans filing for unemployment benefits rose more than...

Yahoo Inc said on Tuesday it would consider "strategic alternatives" for its core Internet business and cut about 15 percent of its workforce, even as it continues with its plan to revamp the business and spin it off. The announcement...