Business

Malaysia Prosecutor Clears PM Najib Razak Of Corruption

Malaysia's top prosecutor has cleared Prime Minister Najib Razak of corruption in a long-running financial scandal that has gripped the nation. The attorney-general's office said the $681m (£479m) that Mr Najib received in his bank account was a personal donation...

Twitter Names Amex Executive Leslie Berland As CMO

Twitter Inc named American Express Co executive Leslie Berland as its chief marketing officer, Chief Executive Jack Dorsey tweeted on Tuesday. "Welcoming @leslieberland to Twitter! She will join as our CMO to help tell the stories of our iconic product!,"...

Oil Rises Further Above $30 On Hopes Of Deal To Tackle Glut

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Oil rose further above $30 a barrel on Tuesday, lifted by hopes that OPEC and non-OPEC producers may be edging closer to a deal to tackle one of the biggest supply gluts in decades. The Organization of the Petroleum Exporting...

Apple Set For Slowest Ever Iphone Sales Growth

Apple Inc (AAPL.O) is expected to report iPhone sales increased slightly more than 1 percent in the holiday quarter when it announces earnings on Tuesday, its slowest growth ever and far from the double-digit growth investors have come to...

Naira Closes N305/$ As Investors Await Devaluation At MPC Tuesday

SAN FRANCISCO, January 25, (THEWILL) – The naira dipped further against the dollar across segments of the foreign exchange (FX) market on monday, due to shortage of supply, even as investors await the CBN Monetary Policy Committee (MPC) decision...

Oil Falls 3 Percent On Swelling Oversupply

Oil prices fell 3 percent on Monday as Iraq announced record-high oil production feeding into a heavily oversupplied market, wiping out much of the gains made in one of the biggest-ever daily rallies last week. Brent crude, the global benchmark,...

Exxon Sees A World With Less Carbon But Higher-Cost Emissions

Exxon Mobil Corp on Monday said efficiencies and increased use of renewable fuels will cut by half the carbon intensity of the world's economy by 2040 but climate policies will increase the cost of greenhouse gas emissions, according to...

Mcdonald’s Sales Beat As All-Day Breakfast A Hit

McDonald's Corp (MCD.N) reported better-than-expected quarterly same-restaurant sales as the launch of all-day breakfasts proved to be a hit with diners in the United States and demand continued to recover in China. The world's biggest restaurant chain's shares jumped 3.4...

Alibaba Revenue Growth Seen Slowest On Record; To Intensify Fight With JD.Com

Chinese e-commerce giant Alibaba Group Holding Ltd is expected to post its weakest quarterly revenue growth on record, Thomson Reuters data shows, a slowdown analysts say will heat up the battle with smaller rival JD.com Inc in a tougher...

Calmness In FX Market As CBN Refunds N35m MCD to BDCs

SAN FRANCISCO, January 24, (THEWILL) – The Foreign Exchange (FX) market, specifically the Bureau De Change (BDC) segment, is expected to enjoy some level of calmness following the refund of N35 million Mandatory Caution Deposit (MCD) to all operators...