Business

… Standard Chartered Bank Too, Others To Follow Customers of Guaranty Trust Bank Plc, one of Nigeria’s leading banks, will only be eligible to charge $300 per day for international point of sale (POS) and internet purchases on their naira...

Maritime stocks have broadly fallen this year as weak demand for some commodities and goods in Asia and oversupply of ships have hurt much of the industry, with one notable exception: Oil tankers have been doing a booming business...

Coca-Cola Co (KO.N) is nearing a deal to buy a minority stake in U.S. organic juice company Suja Life LLC, people familiar with the matter said on Friday, as the soft drink giant tries to identify the next big...

Nigeria plans to double the value-added tax rate to 10 percent this year to help shore up government revenue eroded by the declining price of oil, the country’s main export, the Federal Inland Revenue Service said. “The plan is to...

Investors moved to the sidelines on Friday, with the dollar and world stocks markets barely budging, before U.S. jobs data that are considered a key to convincing the Federal Reserve to raise interest rates for the first time in...

Armed with a doctorate in financial engineering, 34-year-old Timo Schlaefer was on his way to a promising career at Goldman Sachs in London. Previously with the bank's mergers and acquisitions team, he became an executive director of credit quantitative...

UBS AG (UBSG.VX) shut down a feeder fund at the end of July that provided wealthy clients access to billionaire investor John Paulson's Advantage fund due to the high cost of operating that portfolio, two sources said on Thursday. The...

Tesla Motors Inc (TSLA.O) said on Thursday it has sent a software patch to address security flaws in the Tesla Model S sedan that could allow hackers to take control of the vehicle. The Financial Times reported on Thursday that...

Oil set multi-month lows on Thursday as investors and traders sought clues about the market's next bottom after a large drop in U.S. crude inventories failed to boost prices. A bigger-than-expected build in U.S. gasoline stockpiles last week proved more...

Britain's competition watchdog has accused Pfizer (PFE.N) and Flynn Pharma of breaching UK and European law by ramping up the cost of an epilepsy drug, given to more than 50,000 British patients, by as much as 2,600 percent. The Competition...