Business

U.S. stocks opened lower on Friday after the August jobs report showed moderate job growth and the lowest unemployment rate in more than seven years, increasing chances the Fed could raise interest rates sooner rather than later. The Dow Jones...

Japanese banks are among bidders for General Electric Co's (GE.N) local commercial lending and leasing operation, sources told Reuters on Friday. Orix Corp (8591.T) and the leasing units of Sumitomo Mitsui Financial Group Inc (8316.T), Mitsubishi UFJ Financial Group Inc...

The U.S. Federal Reserve is coming under pressure from emerging markets not to raise rates too soon as turmoil in China threatens global growth, but the G20 will not publicly call for any delay, delegates meeting in Turkey said...

A unit of the Chinese aviation and shipping conglomerate HNA is buying the Irish aircraft leasing firm Avolon Holdings for about $2.5bn (£1.6bn). Bohai Leasing will pay $31 per share in the deal that includes the assumption of debt and...

South Africa has the highest number of dollar millionaires in Africa, according to a new report. According to a report by AfrAsia Bank and New World Wealth, Johannesburg alone, known as the "city of gold", is home to 23,400 millionaires....

Nigeria’s Warri refinery has not yet reopened after last week’s temporary closure because crude oil is still being loaded into the plant, a spokesman for its operator the Nigerian National Petroleum Corporation (NNPC) said. NNPC spokesman Ohi Alegbe said the...

Asian shares struggled to recover on Thursday with volatility remaining high, while emerging economy and commodity-linked currencies softened as investors worried about the global repercussions of slower growth in China. Japan's Nikkei rose for the first time in four days,...

Investigations by Chinese authorities into wild stock market swings are spreading fear among China-based investors, with some unsure if they are simply helping with inquiries or actually under suspicion, executives in the financial community said. Chinese fund managers say they...

Oil prices fell on Wednesday after U.S. government data showed a big rise in crude oil stocks, adding to concerns about global oversupply and sluggish economic growth in China. U.S. crude oil stocks rose by 4.67 million barrels to 455.43...

Citigroup Inc (C.N) agreed to sell its consumer banking business in Hungary to Austria's Erste Group Bank AG (ERST.VI) as the third-biggest U.S. bank by assets continues to divest non-core operating businesses. The sale includes Citi's retail banking, consumer loans,...