Business

The alarming scale of China's economic slowdown is pushing European exporters to accelerate a move into premium goods and services, sacrificing volumes if necessary to sustain margins. As Chinese rivals gain expertise in areas from elevators to healthcare to sweeteners...

Nigeria’s Central Bank (CBN) Governor Godwin Emefiele’s unorthodox policies aimed at maintaining the naira’s peg to the dollar, amid a global commodity rout and analysts calls for a devaluation mimics Malaysia’s response to the Asian financial crises of 1997. Malaysia’s...

Oil stabilized on Wednesday after China's central bank moved to support the country's economy, but prices stayed near 6-1/2-year lows as a heavy supply glut kept the market outlook bearish. "Oil is catching its breath a bit and seeing if...

World shares sagged on Wednesday as investors feared fresh rate cuts in China may not be enough to stabilize its slowing economy or halt a stocks collapse that is wreaking havoc in global markets. Europe's main stock markets <0#.INDEXE>, which...

Amazon.com Inc (AMZN.O) said on Tuesday it will begin delivering wine, beer and spirits to U.S. customers for the first time as part of its speedy delivery service, Prime Now. The online retailer is expanding Prime Now, its one- and...

Nigeria will start reforming its oil industry using existing laws before it can pass a long-awaited Petroleum Industry Bill (PIB), which will take a while to fine-tine, the new head of the state-oil company NNPC said on Tuesday. Emmanuel Kachikwu,...

China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent...

The U.N. nuclear watchdog said on Tuesday it will run out of money next month to monitor implementation of nuclear accords with Tehran and asked countries to increase funding the costs of its Iran work, which will rise to...

China has cut its main interest rate to boost growth in its economy. The People's Bank of China cut its main interest rate by 0.25 percentage points to 4.6% after two days of stock market turmoil. It is the fifth interest...

Stocks, oil prices and safe-haven bond yields rose on Tuesday as a tentative market rebound picked up pace after China cut interest rates and banks' reserve requirements to kick-start its wavering economy. The dollar motored ahead against most major currencies,...