Business

Britain's financial watchdog has fined Barclays (BARC.L) 72 million pounds ($109 million) for cutting corners in checking wealthy customers involved in a huge transaction described by one senior manager as potentially the "deal of the century." Barclays arranged the 1.9...

A class action lawsuit, filed Wednesday, accuses 10 of Wall Street’s biggest banks and two trading platforms of conspiring to limit competition in the $320 trillion market for interest rate swaps. The class action lawsuit, filed in U.S. District Court...

GlaxoSmithKline Plc (GSK.L) has cut 40 percent of its sales reps in China and axed some units as it eyes a return to growth in 2016, after sales plunged during a bribery scandal that landed it with a record...

Shares of HP Inc, which houses former Hewlett-Packard Co's legacy hardware business, plunged 16.3 percent on Wednesday after the company's lackluster results fueled concerns about its ability to weather a slowdown in the printer and PC markets. HP Inc's revenue...

SAN FRANCISCO, November 25, (THEWILL) – An audit report has indicted the Nigerian Civil Aviation Authority (NCAA) over the payment of a N699 million fine by MTN Nigeria, instead of N1 billion. Known as “Aviation height clearance and charges,” the...

The U.S. economy grew at a healthier clip in the third quarter than initially thought, but strong inventory accumulation by businesses could temper expectations of an acceleration in growth in the final three months of the year. The Commerce Department...

Chinese police have busted an underground banking network that handled $4.5 billion worth of illegal transactions at Agricultural Bank of China Ltd (AgBank)(601288.SS)(1288.HK) alone, the official Xinhua News Agency reported on Wednesday. Fourteen suspects in four gangs were arrested by...

Ukraine has banned all Russian planes from using its airspace and exports of Russian gas to Ukraine have been halted by state-controlled giant Gazprom. The decision was announced by Ukrainian Prime Minister Arseniy Yatsenyuk at a televised government meeting. Gazprom said...

BEVERLY HILLS, November 24, (THEWILL) – The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, said on Tuesday that all Nigerian banks were adequately capitalised, debunking recent reports that some three banks did not meet the minimum 10 percent...

German public prosecutors have launched an investigation into suspected tax evasion in connection with the emissions scandal that has rocked carmaker Volkswagen (VOWG_p.DE), daily paper Sueddeutsche Zeitung and broadcasters NDR and WDR said in a joint report. The investigation focuses...