Business

China Central Bank Sees Economic Growth Slowing To 6.8 Percent In 2016

China's annual economic growth is likely to slow to 6.8 percent next year from an expected 6.9 percent this year, the People's Bank of China said in a working paper published on Wednesday. The world's second-largest economy still faces downward...

Oil Falls On U.S. Supply Build, Expected U.S. Rate Hike

Oil fell on Wednesday on fresh evidence of growing global oversupply and as investors awaited the outcome of a U.S. Federal Reserve meeting where interest rates are likely to be raised, boosting the dollar and pressuring commodities. Brent was down...

As End Of Fed’s ‘Free Money’ Nears, Consumers Still Likely To Spend

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Judged by how long it has been going on, the current U.S. economic expansion should be on its last legs, but the mood in this rebounding heartland auto town would not show it. Fiat Chrysler Automobiles (FCAU.N) (FCHA.MI) has doubled...

FG To Begin Gradual Withdrawal Of Fuel Subsidy By 2016

SAN FRANCISCO, December 15, (THEWILL) – Having come to the realisation that the funding of fuel subsidy which gulped over N1trn in 2015 was no longer sustainable in the years ahead, the federal government has announced its intention to...

OPEC Says Low Oil Price Won’t Continue, May Rise Within A Year

...OPEC doesn't have a target price, looking for fair rate ...Any U.S. decision to export crude will not impact oil prices Global crude oil prices at seven-year lows will not continue and could swing upwards in as little as a year,...

Stock Futures Higher As Oil Edges Up; Fed In Focus

U.S. stock index futures were higher on Tuesday, ahead of a widely expected increase in interest rates later in the week, as crude oil prices clawed back some losses. * The U.S. Federal Reserve kicks off a two-day policy meeting...

U.S. trade body declines Nvidia’s review petition against Samsung

A U.S. trade body on Monday upheld its earlier decision that rejected Nvidia Corp's claims of patent violation by Samsung Electronics Co and Qualcomm Inc over use of Nvidia's graphics chip technology. The U.S. International Trade Commission (USITC) decided not...

Oil Edges Up As Multi-Year Lows Trigger Buying

Oil prices edged higher on Tuesday as a slump to near 11-year lows in the previous session triggered investors' buying appetite. Brent crude, the global benchmark, traded up 60 cents at $38.52 a barrel at 1117 GMT (6.17 a.m. EDT),...

Exclusive: Stanchart Axes Senior Bankers In Energy M&A Team – Sources

Standard Chartered plc (STAN.L) has axed at least half a dozen oil and gas advisory banking roles in recent weeks, ending an eight-year attempt to build a global energy M&A team as new CEO Bill Winters moves to rein...

SEC Begins e-Dividend Registration For Nigerian Capital Market Shareholders

SAN FRANCISCO, December 14, (THEWILL) –The Securities and Exchange Commission (SEC) has advised all shareholders and investors in the Nigerian Capital Market to visit their banks or registrars to complete the e-Dividend Mandate Form. The advice, contained in a statement...