Business

Oil prices tumbled on Monday, as traders took profits after last week's surge to an 11-week high, and on a report that OPEC continued to boost crude production despite a persistent glut. Benchmark Brent crude LCOc1 was down $1.05 or,...

Facebook Inc (FB.O) wants its users to shop for clothes and other products from their mobile phones without ever leaving its app. In an effort to move further into e-commerce and compete with Amazon Inc’s (AMZN.O) retail offerings, Facebook announced...

JPMorgan Chase & Co (JPM.N) on Friday won the dismissal of a U.S. whistleblower lawsuit filed by a former vice president who claimed the bank ignored red flags about a client’s potential fraud, even after authorities exposed the massive...

Twitter Inc (TWTR.N) is planning company-wide layoffs next week, technology news website Re/code reported on Friday, citing sources. The news comes after Jack Dorsey was appointed permanent chief executive on Monday. It is unclear how many of Twitter's staff will be...

The U.S. Federal Reserve thought the economy was close to warranting an interest rate hike in September but policymakers wanted firmer evidence a global economic slowdown was not knocking America off course. The minutes from the Sept. 16-17 meeting released...

Oil extended gains on Friday and was set for its biggest weekly rise in over six years after U.S. Federal Reserve minutes suggested it was in no hurry to raise interest rates and an influential forecaster predicted a price...

Standard Chartered's new Chief Executive Bill Winters plans to cut up to a quarter of the bank's most senior staff to reduce costs, according to a memo sent to staff, which is likely to see about 1,000 top jobs...

Starbucks Corp (SBUX.O) coffee shops will begin accepting Apple Inc's (AAPL.O) mobile payment system in a pilot program starting this year, Apple Vice President Jennifer Bailey said on Thursday. KFC and Chili's restaurants also will begin accepting Apple Pay in...

Dell Inc , the world's third largest personal computer maker, is in talks to buy data storage company EMC Corp (EMC.N), a person familiar with the matter said, in what could be one of the biggest technology deals ever. A...

BEVERLY HILLS, October 07, (THEWILL) – The Central Bank of Nigeria (CBN) has said that Nigeria averages about N1.5 billion worth of transactions on the Point Of Sales (POS) terminal daily. Mr. Dipo Fatokun, the Director, Banking and Payment System...