Business

SAN FRANCISCO, December 22, (THEWILL) – The Manufacturers Association of Nigeria, MAN, yesterday advised the Central Bank of Nigeria, CBN, to stop funding Bureau de Change, BDC, operators, stressing that the operators should independently source their forex needs from...

Brent crude oil extended a slide on Monday to its lowest level in more than 11 years while investors dumped Spanish bonds and stocks after an inconclusive general election set the scene for potentially weeks of political stalemate. Spain's Ibex...

Japanese electronics maker Panasonic Corp is set to buy U.S. refrigeration firm Hussmann for over 186.6 billion yen ($1.5 billion) in a deal it says will leverage its technology and help it break into the U.S. food distribution industry. Panasonic,...

Swedish mobile telecom gear maker Ericsson (ERICb.ST) announced it had signed a patent license deal with Apple Inc (AAPL.O), ending a year-long dispute and sending its shares up 7 percent on Monday. Ericsson did not specify how much it would...

SAN FRANCISCO, December 19, (THEWILL) – As various stringent measures are put in place to curtail excess liabilities likely from Nigeria’s foreign exchange crisis, at least two of the nation’s commercial banks, Diamond Bank and Standard Chartered have announced...

SAN FRANCISCO, December 19, (THEWILL) – The naira on Friday strengthened against the dollar after weeks of free fall at the parallel market. The currency gained N10 to exchange at N270 to the dollar after it nosedived to N280 on...

The U.S. Department of Justice is pursuing a criminal investigation of a May 2014 data breach at ride service Uber, including an examination of whether any employees at competitor Lyft were involved in the episode, sources familiar with the...

BlackBerry Ltd reported a smaller-than-expected fiscal third-quarter loss on Friday and its first quarter-to-quarter revenue gain in over two years, indicating turnaround efforts may be gaining traction. The better-than-expected results, driven by higher hardware and software revenues, sent up BlackBerry...

Investors turned cautious on Friday about what a stronger dollar and weak commodity prices could mean for the world economy, as a clutch of central banks moved to cushion the impact of the first U.S. rate rise in nearly...

Oil prices edged higher on Friday as investors closed positions ahead of the end of the year though crude was still heading for a third weekly loss in a row, its longest losing streak in four months. Global benchmark Brent...