Business

McDonald's Corp (MCD.N) reported better-than-expected quarterly same-restaurant sales as the launch of all-day breakfasts proved to be a hit with diners in the United States and demand continued to recover in China. The world's biggest restaurant chain's shares jumped 3.4...

Chinese e-commerce giant Alibaba Group Holding Ltd is expected to post its weakest quarterly revenue growth on record, Thomson Reuters data shows, a slowdown analysts say will heat up the battle with smaller rival JD.com Inc in a tougher...

SAN FRANCISCO, January 24, (THEWILL) – The Foreign Exchange (FX) market, specifically the Bureau De Change (BDC) segment, is expected to enjoy some level of calmness following the refund of N35 million Mandatory Caution Deposit (MCD) to all operators...

Google has agreed to pay 130 million pounds ($185 million) in back taxes to Britain, prompting criticism from opposition lawmakers and campaigners who said the "derisory" figure smacked of a "sweetheart deal". Google, now part of Alphabet Inc (GOOGL.O), has...

Financial markets need more clarity on how Chinese authorities are managing their currency, particularly the relationship of the yuan to the U.S. dollar, IMF Managing Director Christine Lagarde said on Saturday. Sharp swings in the yuan have contributed, along with...

Apple Inc's (AAPL.O) Steve Zadesky, who has been overseeing the company's electric car project for the last two years, has said he is leaving the company, the Wall Street Journal reported on Friday, citing people familiar with the matter. Zadesky,...

Japan's Toshiba Corp plans to sell part of its chip business as it aims to recover from a $1.3 billion accounting scandal, three people familiar with the matter told Reuters on Saturday. The electronics conglomerate has started accepting bids, with...

Google paid tech rival Apple $1bn in 2014 to keep its search function the default option on iOS devices, Bloomberg reports. A transcript of court proceedings from a copyright lawsuit against Google allegedly contains reference to a deal between the Silicon...

General Electric Co on Friday reported an 8 percent drop in fourth-quarter earnings in its industrial businesses, hurt by weakness in divisions catering to the oil and gas sector. Shares of the U.S. conglomerate, which also reported lower-than-expected total revenue,...

China's fragile shares ended higher on Friday, in a relatively muted response to hints of more policy stimulus in Europe and Japan that prompted a robust rally in battered oil prices and equities elsewhere. While Japan's Nikkei jumped nearly 6...