Business

Applications for U.S. home mortgages rose last week as refinancing applications jumped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose...

Wal-Mart Stores Inc (WMT.N) reported weaker-than-expected quarterly earnings and lowered its full-year forecast on Tuesday, citing investments in staffing and weaker margins in its U.S. pharmacy business. Shares of the world's largest retailer fell 3.1 percent to $69.70 in heavy...

Brazil's Petrobras may need to pay record penalties of $1.6 billion or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company's legal advisors told Reuters. State-run Petroleo...

A 6 percent fall in Chinese shares on Tuesday hit Asian stocks and left European equities struggling for gains while emerging market currencies and oil prices touched multi-year lows. A broad measure of Asian stocks fell to its lowest in...

BEVERLY HILLS, August 17, (THEWILL) – President Muhammadu Buhari said Monday in Abuja that he will gladly reverse or abandon some inherited economic policies if doing so will lead to the creation of more jobs for Nigerians. At a meeting...

International Business Machines Corp said on Monday it launched Linux-only mainframe servers called LinuxONE. The severs include LinuxONE Emperor for large enterprises and Rockhopper for mid-size businesses. IBM said LinuxONE Emperor can scale up to 8,000 virtual machines or thousands of...

European stocks rebounded from last week's heavy selloff on Monday and the dollar rose broadly, with investors reassured by stability in China's yuan exchange rate after it was fixed slightly higher for the second day running. Asian markets were more...

China's move to weaken the yuan last week could head off further similar "adjustments", and the yuan is likely to move in both directions as the economy stabilizes, Ma Jun, chief economist at the central bank said on Sunday. The...

IndiGo, India's biggest airline by market share, has finalised the purchase of 250 Airbus (AIR.PA) A320neo aircraft, handing the European company its largest-ever order by number of planes in a deal worth $26.55 billion at list prices. The agreement confirms...

The new head of the Nigerian National Petroleum Corp (NNPC) said on Sunday he will review all production-sharing contracts and joint venture agreements with its partners "to reflect current day realities in the global oil and gas industry". Emmanuel Kachikwu,...