Business

Dow Chemical Co (DOW.N) reported a better-than-expected quarterly profit as its move to focus on more profitable businesses such as packaging and electronics by divesting low-margin assets pays off. Shares of the company, which is merging with DuPont (DD.N), were...

Exxon Mobil Corp (XOM.N) on Tuesday reported a 58 percent drop in quarterly profit and said it would cut spending this year by one-quarter as the world's largest publicly traded oil company copes with a prolonged downturn in crude...

SAN FRANCISCO, February 02, (THEWILL) – South Africa’s Johannesburg Stock Exchange (JSE) led African exchanges in Initial Public Offerings (IPO) transactions and capital raised in the past five years, amounting to $2.7 billion. This was revealed by PricewaterhouseCoopers (PwC) in...

SAN FRANCISCO, February 01, (THEWILL) – Bureau De Change (BDC) operators have opted out of business following the stoppage of supply of foreign exchange (FX) to them by the Central Bank of Nigeria (CBN). Consequently, the nation’s currency, the naira...

Rolls-Royce has announced a $2.7bn (£1.9bn) order to manufacture and service Boeing 787 Dreamliner engines for the airline, Norwegian. It will provide its Trent 1000 engines for 19 new Dreamliners. Today's deal is some welcome positive news for Rolls-Royce, which has...

Barclays and Credit Suisse have been fined a total of $154m (£108m) by US regulators for their US "dark pool" trading operations. "Dark pool" operations allow investors to trade large blocks of shares but keep the prices private. Barclays has admitted...

U.S. stocks were set to open lower on Monday, starting February on a dour note as weak economic data out of China exacerbated concerns about a global slowdown and oil prices resumed their downward spiral. The data from China showed...

Nokia (NOKIA.HE) said it had settled a lengthy patent dispute with South Korea's Samsung (005930.KS) on Monday, but investors were disappointed by the financial terms of the deal. Nokia's shares fell more than 10 percent after the Finnish firm said...

BEVERLY HILLS, January 31, (THEWILL) – Four Nigerian banks have been named in the 2016 The Banker and Brand Finance Top 500 Banking Brands in the world, published in the February edition of The Banker magazine, Financial Times Group...

BEVERLY HILLS, January 31, (THEWILL) – Coca-Cola has acquired 40 percent shareholding in Nigeria's Chi Limited, manufacturer of Chivita brand and says it intends to increase ownership to 100 percent within three years subject to regulatory approvals. The binding agreement...