Business

Boeing Wins Contract To Build New Air Force One Presidential Jets

Boeing Co (BA.N) has won a contract to start preliminary work on a new fleet of Air Force One presidential aircraft based on its 747-8 jumbo jet, the Pentagon said on Friday. The U.S. Air Force awarded Boeing an initial...

Nissan Recalling 930,000 Cars For Hood Latch Problem

Nissan Motor Co said Friday it will recall nearly 930,000 Nissan cars worldwide for potentially faulty hood latches, marking the third time since 2014 the automaker has recalled vehicles to address the problem. The Japanese automaker (7201.T) said it is...

Toyota May Halt Japan Car Output In February Due To Steel Shortage

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Toyota Motor Corp said on Saturday it may halt production at its domestic plants early next month due to a steel shortage, following an explosion at a steel plant operated by one of its affiliates. The blast an Aichi Steel...

BOJ Stuns Markets With Surprise Move To Negative Interest Rates

The Bank of Japan unexpectedly cut a benchmark interest rate below zero on Friday, stunning investors with another bold move to stimulate the economy as volatile markets and slowing global growth threaten its efforts to overcome deflation. Global equities jumped,...

Oil Heading For Weekly Gain On Supply Cut Deal Hopes

Oil edged up above $34 a barrel on Friday, a gain of some 25 percent from the 12-year lows seen earlier in January, on hopes that a deal between major exporters to cut production could help reduce one of...

Mastercard Profit Rises 11.1 Percent As Purchase Volumes Jump

MasterCard Inc (MA.N), the operator of the world's second-largest payments network, reported an 11.1 percent rise in quarterly profit as purchase volumes increased. The company's net income rose to $890 million, or 79 cents per share, in the fourth quarter...

Chevron Posts First Loss Since 2002 On Cheap Oil Prices

Chevron Corp (CVX.N) reported its first quarterly loss in more than 13 years on Friday as the oil producer struggled to cope with plunging crude prices that are eroding profitability across all its divisions. It was the latest sign that...

Mcdonald’s To Launch 150 Customized Burger Stores In China In 2016

McDonald's Corp (MCD.N) plans to launch in China this year 150 outlets where clients can customize burgers to suit their tastes, as the world's top restaurant chain aims to grow sales in the country after being hit by a...

Naira Falls Further As Buhari Rejects Devaluation

BEVERLY HILLS, January 28, (THEWILL) – The naira on Thursday depreciated further against the dollar across foreign exchange (FX) market, as President Muhammadu Buhari insisted on no currency devaluation. The naira weakened against the dollar by N1 or 0.33 percent...

ACCI Reveals How Online Businesses Can Be Taken More Serious In Nigeria

BEVERLY HILLS, January 28, (THEWILL) – The Abuja Chamber of Commerce and Industry, ACCI, has disclosed that for online businesses to be taken seriously in the country, they will need to formalize their business by making the public more...