Business

Twitter Offers New Cash Stream For Presidential Candidates

Think of it as tweeting for dollars. The social media service Twitter on Tuesday introduced a feature that enables political candidates and advocacy groups to raise money directly via its mobile application, making it quicker and easier to harvest small...

CBN Reassures Investors Of Nigeria’s Strong Economic Fundamentals

BEVERLY HILLS, September 14, (THEWILL) – The Central Bank of Nigeria (CBN) has again assured investors and businesses of the nation’s strong economic fundamentals following the The CBN’s reassurance followed recent claims and counter claims over the nation’s foreign exchange...

Google’s Self-Driving Car Push Spurs Hiring Spree At Automakers

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German premium carmakers BMW (BMWG.DE), Mercedes-Benz (DAIGn.DE) and Audi (NSUG.DE) are snapping up software experts as tech firms such as Google (GOOGL.O) threaten to outflank them in the race to develop a self-driving car. Software expertise has become a new...

Toshiba To Report First Quarter Operating Loss Of Over 10 Billion Yen: Nikkei

Toshiba Corp (6502.T) is set to report an operating loss of more than 10 billion yen ($83 million) in the April-June quarter hurt by weakness in the consumer electronics business, the Nikkei business daily reported. Toshiba last reported a first-quarter...

Deutsche Bank Prepares To Shut Russian Operations: Source

Deutsche Bank (DBKGn.DE) is preparing to close all of its Russian operations, except for transaction banking services, a financial source told Reuters on Monday. It was very likely that the group would close 90 percent of its Russian activities, leaving...

Germany Will Back Sharing Bank Risk Only Responsibility Shared As Well

Germany made clear it would agree to sharing more banking risk only if governments first proved they were ready to share more responsibilities as well, at a meeting of European Union finance ministers on Saturday. The ministers were discussing a...

Nigerian Economic Environment Challenging But Rewarding – Kroll

...seeks to expand footprint in Nigeria to support growth Kroll, a foremost global corporate investigations and risk consulting firm, has described the economic operating environment in Nigeria as one with a unique set of challenges and opportunities for the discerning...

Oil Falls More Than 2 Percent After Goldman Cuts Forecasts

Oil prices fell more than 2 percent on Friday after Goldman Sachs cut its crude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer summit. Joining a list...

Equity Funds Shed $46 Billion In Four-Week Run Of Outflows: BAML

Investors pulled another $19 billion from equity funds over the past week as they sought safety in government bond funds, which have enjoyed the longest run of inflows in four years, Bank of America/Merrill Lynch said on Friday. The exodus...

Cement Manufacturers Brace Up For Stiff Competition After Dangote Price Cut

BEVERLY HILLS, September 10, (THEWILL) – Manufacturers of Cement in Nigeria are set to take the competition tussle a notch higher, following the slash in the price of the essential commodity implemented by the nation’s largest producer Dangote Group.   Dangote...