Business

China is forecast to become the world's biggest electric car market this year, with sales estimated at 220,000 to 250,000 vehicles, the official news agency Xinhua said on Sunday, quoting the China Association of Automobile Manufacturers. Worldwide electric cars sales...

Hints by Mario Draghi ahead of last Thursday's ECB rate meeting that the euro zone may need another big injection of money backfired, stiffening the resolve of more conservative central bankers who criticized him for raising expectations too high,...

U.S. stock index futures were higher on Friday ahead of jobs data that will feed into the Federal Reserve's decision to hike interest rates this month, and any decision from an OPEC meeting about oil output. * The jobs data...

OPEC looked unlikely to take steps to cut oil production to lift languishing prices at a meeting on Friday, potentially worsening one of the worst crude gluts in history. Benchmark Brent oil futures LCOc1 are below $45 per barrel, just...

EU antitrust regulators scrapped on Friday charges against 13 banks including Citigroup (C.N) and Deutsche Bank (DBKGn.DE) related to credit swaps but said the case against Markit and the International Swaps and Derivatives Association would continue. The European Commission in...

An activist investor on Thursday renewed its push for Yahoo Inc (YHOO.O) to abandon its plans to spin off its valuable stake in Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) and instead sell its core business "at the...

Dec 3 Nigeria's naira fell 1.22 percent against the dollar on the unofficial market on Thursday after nearly half of bureaux de change operators failed to secure dollars at a central bank sale due to incomplete documentation, traders said. The...

BEVERLY HILLS, December 03 (THEWILL) – The Nigerian Communications Commission, NCC, has reduced to N674bn the N1.04trn fine earlier imposed on the MTN Group for failing to deactivate users of unregistered SIM cards. This was as the company announced...

BEVERLY HILLS, December 02 (THEWILL) – The Central Bank of Nigeria, CBN, Wednesday threatened to blacklist commercial banks used for money laundering, even as it warned that the management and directors of such banks are in for trouble. The bank’s...

Wall Street trembled when Republicans first began threatening to force the United States into default by not raising the federal debt limit, but after four years of fiscal standoffs, the threat looks increasingly like a bluff and the markets...