Business

Siemens Gains Control Of Costly Project Risks: CFO In Paper

Siemens (SIEGn.DE) is getting a grip on problems around big projects that have caused hundreds of millions of euros worth of charges in the past, its finance chief Ralf Thomas told German newspaper Boersen-Zeitung. "We have set up 'guard rails'...

Putin Says Seeks Global Anti-Terrorism Fight After 19 Killed In Mali Attack

Russian President Vladimir Putin said on Saturday he wanted global cooperation to combat terrorism in the wake of an Islamist militant attack on a luxury hotel in Mali that killed 19 people including six Russians. Friday's assault came a week...

Apple Wins Patent Trial Against Pendrell Subsidiary

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A U.S. jury on Friday found Apple Inc (AAPL.O) did not infringe five antipiracy patents owned by a Pendrell Corp (PCO.O) subsidiary at trial in a Texas federal court. The jury also found that Apple did not prove that the...

Oil Edges Lower To Near Three-Month Lows On Surplus Supply

Oil futures gave up early gains to trade near three-month lows on Friday on a persistent supply glut that has cut prices by up to 13 percent since the start of November. U.S. crude West Texas Intermediate (WTI) dipped 11...

Exclusive: U.S. Probes Bosch In VW Cheating Scandal – Sources

U.S. authorities are investigating German auto supplier Robert Bosch GmbH over its role in Volkswagen AG's (VOWG_p.DE) massive scheme to cheat U.S. emission standards, according to people familiar with the matter. Federal prosecutors with the U.S. Department of Justice...

Ethiopian Airlines To Operate ‘All-Women Flight’ On Addis Ababa – Bangkok Thursday

SAN FRANCISCO, November 18, (THEWILL) – Ethiopian Airlines has announced that it will operate an ‘All-Women Functioned Flight’ on November 19, on the Addis Ababa – Bangkok route. This historic flight is aimed at crystallising Ethiopian corporate conviction of “Women...

Stanbic IBTC Bank Signs First International Syndicated Loan Market Transaction

SAN FRANCISCO, November 18, (THEWILL) – Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings plc, which belongs to the Standard Bank Group, has secured its debut syndicated term loan facility. The one-year transaction that was led by MashreqBank psc...

Dangote Flour Changes Name, Now Tiger Branded Consumer Goods

BEVERLY HILLS, November 18, (THEWILL) – Dangote Flour Plc. has changed its name. The company is now to be known as Tiger Branded Consumer Goods Plc. The Company Secretary and Legal Adviser of Dangote Flour Plc, Aisha Ladi Isa, had,...

Airtel Plans To Sack, Repositions For Next Growth Phase

BEVERLY HILLS, November 18, (THEWILL) – Airtel Nigeria is embarking on a strategic restructuring that will reposition the business and reinforce its competitiveness in the marketplace. This was disclosed Tuesday in a release signed by Emeka Oparah, director, corporate communications...

Bond Issuance: Lagos Returns To Market Next Year, Lists Projects Undertaken With N275bn Bond Proceeds

BEVERLY HILLS, November 18, (THEWILL) – Lagos State government says it will return to the Nigerian bond market to seek funding to complete ongoing capital projects and undertake new ones. This is as the Governor Akinwunmi Ambode-led government pushes to...