Business

Oil prices fell on Monday as weak Chinese economic data fuelled concerns about demand slowing in one of the world's largest oil-consuming nations, while record-high production in Russia exacerbated the global supply glut. Brent crude futures LCOc1, the global benchmark,...

Chevron Corp (CVX.N), the second-largest U.S.-based oil producer, slashed its 2016 capital budget by 25 percent and said it would lay off roughly 10 percent of its workforce, one of the most-drastic reactions to date to the plunge in...

Exxon Mobil Corp (XOM.N) said on Friday its third-quarter profit fell 47 percent hit by low crude prices, but results were better than expected, helped by higher profits in the oil company's refining business. Crude prices have fallen more than...

Valeant Pharmaceuticals International (VRX.TO) is to sever all ties with pharmacy business Philidor Rx Services in the wake of criticism over the relationship between the two closely associated companies. Valeant also said Philidor had informed it that it would shut...

BEVERLY HILLS, October 29, (THEWILL) – At least 20.8 million Nigerians with active bank accounts have enrolled in the Bank Verification Number (BVN) as at October 25th, the Central Bank of Nigeria (CBN), said Thursday. The Director, Corporate Communications, CBN,...

SAN FRANCISCO, October 29, (THEWILL) – The federal government, states and local government areas of the federation have shared N389.9 billion naira as revenue for the month of September 2015, a significant drop from the N422.6 billion distributed amongst...

U.S. stock index futures were lower on Thursday, a day after the Federal Reserve revived expectations of an increase in interest rates in December. * The Fed, which kept rates unchanged at its policy meeting, downplayed concerns about the global...

The U.S. Federal Reserve kept interest rates unchanged on Wednesday and in a direct reference to its next policy meeting put a December rate hike firmly in play. Investors had expected the Fed to remain pat on rates, but the...

Payments network operator MasterCard Inc (MA.N) reported a 3.8 percent drop in quarterly profit, as operating expenses rose 8.5 percent. Net income fell to $977 million, or 86 cents per share for the third quarter ended Sept. 30, from $1.02...

Pharmaceutical giant Pfizer Inc has held early talks with Botox-maker Allergan Plc to discuss what could be the biggest takeover deal this year, the Wall Street Journal and Financial Times reported. Shares in Allergan jumped 11 percent in premarket trade...