Business

Energy companies and oil trading firms that teamed up to build several mini-refineries that convert a swelling surplus of ultra-light U.S. crude into fuels for export seemed like a pretty safe investment bet for a while. The bet was built...

Oil fell close to $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has more than halved prices since the downturn began in mid-2014. U.S. crude was trading below global benchmark Brent,...

U.S. stocks index futures were little changed on Thursday, ahead of a shortened trading session on Christmas eve. * Stock markets will shut at 1:00 p.m ET (1800 GMT) and remain closed for Christmas on Friday. Trading volumes is expected...

Nigerian authorities will wait for the outcome of a court challenge filed by South African telecoms firm MTN before deciding on whether to enforce a $3.9 billion fine, a spokesman for the telecommunications ministry said. The ministry spokesman contradicted a...

A gauge of U.S. business investment plans fell in November and the prior month's increase was revised sharply lower as the drag on manufacturing from a strong dollar and spending cuts in the energy sector showed little sign of...

Global demand for OPEC's crude will be lower in 2020 than next year as supply from rivals proves more resilient than expected, potentially fuelling a debate on the merits of its strategy to let prices fall to hurt other...

2016 could prove to be the year that the price of bitcoin surges again. Not because of any dark-web drug-dealing or Russian ponzi scheme, but for an altogether less sensational reason - slower growth in the money supply. Bitcoin is...

SAN FRANCISCO, December 22, (THEWILL) – Despite MTN Nigeria’s hire of seven Senior Advocates of Nigeria, SANs, to challenge the $5.2 billion fine slammed on it by the Nigeria Communications Commission, NCC, the Federal Government has vowed to enforce...

BEVERLY HILLS, December 22, (THEWILL) – The Central Bank of Nigeria (CBN) has waived the collateral requirement for accessing the N220 Micro Small and Medium Enterprise Development Fund (MSMEDF) for microfinance banks (MfBs) with PAR of 10 percent and...

Apple has raised concerns about British plans to give security agencies extra online surveillance powers, saying a planned law could weaken the security of personal data for millions of people. Britain unveiled proposals for sweeping new powers last month, including...