Business

Mcdonald’s To Launch 150 Customized Burger Stores In China In 2016

McDonald's Corp (MCD.N) plans to launch in China this year 150 outlets where clients can customize burgers to suit their tastes, as the world's top restaurant chain aims to grow sales in the country after being hit by a...

Naira Falls Further As Buhari Rejects Devaluation

BEVERLY HILLS, January 28, (THEWILL) – The naira on Thursday depreciated further against the dollar across foreign exchange (FX) market, as President Muhammadu Buhari insisted on no currency devaluation. The naira weakened against the dollar by N1 or 0.33 percent...

ACCI Reveals How Online Businesses Can Be Taken More Serious In Nigeria

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BEVERLY HILLS, January 28, (THEWILL) – The Abuja Chamber of Commerce and Industry, ACCI, has disclosed that for online businesses to be taken seriously in the country, they will need to formalize their business by making the public more...

Amazon Says Exclusives Store Sales Top $50 Million In First Year

Amazon.com Inc said that sales on Exclusives, its platform for products not available anywhere else, topped $50 million in less than a year since its launch and the site includes more than 120 brands, the first time it has...

China Shares Flounder Again, But ‘Real Economy’ Sound Says State Media

China's volatile shares tumbled again on Thursday, taking losses this month to about 25 percent or 13 trillion yuan ($2 trillion), while state media insisted that the market ructions did not reflect the real economy. The benchmark Shanghai Composite Index...

Time Warner Cable Revenue Rises 4.9 Percent

Time Warner Cable Inc (TWC.N), which is being bought by Charter Communications Inc (CHTR.O), reported a 4.9 percent rise in revenue as it added more residential video customers. The company said revenue rose to $6.07 billion in the fourth quarter,...

Naira Falls Across Markets As Dollar Shortage Bites Harder

SAN FRANCISCO, January 27, (THEWILL) – The naira reversed its gain on Tuesday, as it depreciated in value against the dollar across segments of foreign exchange (FX) market on Wednesday, following supply shortage. After trading on Wednesday, the naira lost...

Apple, Boeing Drag Down Wall Street

Apple and Boeing's disappointing forecasts dragged down U.S. stock indexes on Wednesday, as anxious investors awaited the Federal Reserve's statement on monetary policy. Apple's (AAPL.O) shares were down 5.3 percent at $94.67 after the company also reported its slowest-ever rise...

Russia’s Transneft Says Moscow, OPEC To Discuss Output Cuts: Agencies

Russian state oil pipeline monopoly Transneft said on Wednesday Russia and the Organisation of the Petroleum Exporting Countries (OPEC) would discuss possible output cuts, TASS news agency reported. RIA news agency also cited Transneft Chief Executive Nikolai Tokarev as saying...

Boeing Forecasts 2016 Earnings Below Estimates; Shares Tumble

Boeing Co (BA.N), said on Wednesday it would deliver fewer planes in 2016 and forecast earnings below expectations, sending shares tumbling as much as 10 percent to a 52-week low. The world's biggest planemaker also reported weaker fourth-quarter profit, mainly...