Business

BEVERLY HILLS, December 09, (THEWILL) – Out of 20 emerging and developed economies in the world, Nigeria has been ranked as the 10th biggest exporter of Illicit Financial Flows, IFF, between 2004 and 2013. The country ranked after South...

Yahoo Inc said it shelved a plan to spin off its stake in Alibaba Group Holding Ltd, citing tax concerns, and instead will create a company to hold all of its assets excluding its stake in the Chinese e-commerce...

U.S. stock index futures were little changed on Wednesday after China's consumer inflation rose slightly but remained under the government's 3 percent target for the year and commodity prices stabilized. * Data showed China's November consumer price index surprised on...

German sportwear firm Adidas (ADSGn.DE) expects a significant rise in the cost of sourcing products by 2020 due to increasing labor and material costs, but should be able to compensate by lifting prices and cutting overheads, it said on...

SAN FRANCISCO, December 08, (THEWILL) – IFC, a member of the World Bank Group, Tuesday signed a Joint Development Agreement with Alten’s Middle Band Solar One Limited, a Nigerian solar power project company, to co-develop a 120 megawatt peak...

Yum Brands Inc (YUM.N) Chief Financial Officer Patrick Grismer will resign effective Feb. 19, the parent of the KFC, Taco Bell and Pizza Hut restaurant brands said on Monday. News of Grismer's planned departure comes as Yum prepares to spin...

Verizon Communications Inc's (VZ.N) chief financial officer Fran Shammo, said the No. 1 U.S. wireless carrier could look at buying Yahoo Inc's (YHOO.O) core business, which includes Mail, its news and sports sites and advertising technology, if it is...

The slowing world economy looks set to get a boost from stronger consumer demand next year, as low inflation boosts the real value of workers' pay rises to a three-year high, a survey said on Tuesday. A plunge in oil...

BEVERLY HILLS, December 07, (THEWILL) – Some businessmen in Lagos on Monday expressed concern that the continued crashing of the Naira at the parallel market was making it difficult for them to sell their goods. They said that the development...

Troubled Japanese tech giant Toshiba could face a record fine of 7.37bn yen ($60m; £39m) for its multi-billion dollar accounting scandal. The fine was recommended by the Securities and Exchange Surveillance Commission (SESC) to the Financial Services Agency, which imposes...