Business

Marriott Becomes World’s Largest Hotelier, Buying Starwood

Hotel behemoth Marriott International is becoming even larger, taking over rival chain Starwood in a $12.2 billion deal that will catapult it to become the world's largest hotelier by a wide margin. The stock-and-cash deal, if completed, will add 50...

Card Payments: UBA Makes Bold Statement With Contactless Cards

SAN FRANCISCO, November 16, (THEWILL) – The leading financial services institution in digital banking offerings in Nigeria, and across Africa, United Bank for Africa (UBA) Plc, appears set to change the payments landscape in Nigeria with the introduction of...

South Africa’s Tiger Brands Dumps Dangote Flour Mills (DFM)

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...Tiger Brands also reviewing investment in DFM ...DFM shares drop 4.7 pct ...Tiger Brands up more than 7 pct (Adds DFM shares, Dangote resigns from DFM board) South African consumer goods maker Tiger Brands has cut off funding to its Nigerian division...

Shares, Euro Fall, Oil And Gold Up After Paris Attacks

The euro hit its weakest in more than six months against the yen on Monday as investors sought safety in gold and low-risk government debt after Friday's attacks in Paris. Oil prices edged up after France launched large-scale air strikes...

Exclusive: China’s Tsinghua Unigroup To Invest $47 Billion To Build Chip Empire

China's Tsinghua Unigroup Ltd plans to invest 300 billion yuan ($47 billion) over the next five years in a bid to become the world's third-biggest chipmaker, the chairman of the state-backed technology conglomerate said on Monday. Chairman Zhao Weiguo also...

Mastercard Sees Double-Digit Growth In China On E-Commerce: Executive

Global payment operator MasterCard Inc (MA.N) sees double-digit annual growth in credit card transaction volumes in China, lifted by the booming e-commerce industry in the world's second-largest economy, a senior executive told Reuters on Monday. China's plan to open up...

Japan Relapses Into Recession In July-September, A Blow To “Abenomics”

Japan slipped into its fourth technical recession in five years between July and September - spotlighting how the government's "Abenomics" policies have struggled to drag the economy out of chronic stagnation. Official data on Monday showed the world's third-largest economy...

Nigeria Delays Deadline For South Africa’s MTN To Pay $5.2 Bln Fine

South African mobile phone firm MTN Group said Nigeria has pushed back a Monday deadline for it to pay a $5.2 billion fine for failing to cut off unregistered SIM cards until talks with authorities have concluded. The planned fine...

American Airlines Delays Paris Flights; United Operates As Planned

American Airlines Group (AAL.O), the world's biggest carrier by passenger traffic, said on Friday it was delaying flights to Paris in response to the explosions and shooting attacks there, even though French airports remained open. "Currently Charles de Gaulle International...

Pfizer-Allergan Deal Refocuses Market On U.S. Tax-Inversion Rules

Pfizer Inc's (PFE.N) buyout bid for Allergan Plc (AGN.N) has financial markets on edge over a possible new move by the U.S. Treasury Department against tax-inversion deals, but the outlook for any such steps was still unclear on Friday. For...