Business

BEVERLY HILLS, August 05, (THEWILL) – The Central Bank of Nigeria (CBN) Wednesday officially placed a countrywide ban on foreign currency cash deposits in banks to stop illicit financial flows into the Nigerian banking system. The ban, which became...

Global economic growth will slow this year to the lowest rate since the financial crisis, according to the National Institute of Economic and Social Research (NIESR). The think tank cut its 2015 forecast to 3.0% from the 3.2% it predicted...

U.S. stock index futures were higher on Wednesday as investors awaited private employment data for July, which will provide a snapshot of the labor market ahead of the critical non-farm payrolls data on Friday. * Private payrolls processor ADP is...

As oil prices entered a second steep slide a few weeks ago, bullish traders and analysts had hoped for a repeat of the sharp but short dip that occurred early in the year - a speculative slide below $50...

Borrowing by U.S. small businesses jumped to a record in June, an index released Wednesday showed, signaling tighter labor conditions that may help build the case for the Federal Reserve's first interest-rate increase in nearly a decade. The Thomson Reuters/PayNet...

Time Warner Inc reported a better-than-expected quarterly profit, helped by higher content revenue in its Turner division as well as the release of "Batman: Arkham Knight" and "Mortal Kombat X" videogames. Turner, owner of channels such as CNN and TNT,...

Greece's banking stocks plunged for the second day in a row on Tuesday, dragging the main Athens index down in a graphic illustration of the country's financial and economic woes. There were signs, however, that the rout that took 8...

The U.S. Department of Justice is investigating trades worth billions of dollars that Deutsche Bank AG (DBKGn.DE) made on behalf of Russian clients, a person familiar with the situation told Reuters on Tuesday. U.S. DoJ officials have demanded information from...

Alibaba Group Holding Ltd (BABA.N) has hired former Goldman Sachs Group Inc (GS.N) partner Michael Evans to oversee the e-commerce company's international expansion, a top priority as the firm looks beyond China to sustain its heady growth rates. Evans, who...

BEVERLY HILLS, August 04, (THEWILL) – Pan-African financial services group, United Bank for Africa (UBA) Plc has resuscitated the UBA Professorial Chair of Finance at the University of Lagos with an endowment sum of the N52.9 million. A cheque to...