Business

Oil Falls More Than 3 Percent After Greek ‘No’

Oil prices fell more than 3 percent on Monday after Greece rejected debt bailout terms and China rolled out emergency measures to support its stock markets, adding to concerns about demand at a time of global oversupply. The result of...

New Honda CEO Says No Plans To Help Air Bag Firm Takata Fund Global Recalls

Honda Motor Co's (7267.T) new chief executive said the Japanese automaker has no plans for now to provide financial aid to Takata Corp (7312.T), the air bag supplier at the center of a costly global safety recall that has...

Exclusive: UK Targets Sale Of Half Its RBS Stake In Two Years – Sources

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Britain is planning to sell half its stake in Royal Bank of Scotland (RBS.L), worth 16 billion pounds ($25 billion), within two years of a possible first sale in September, according to people with knowledge of government thinking. Finance Minister...

China Brokerages Pledge To Buy $19.3 Billion In Shares To Steady Plunging Market

China's top securities brokerages said on Saturday that they would collectively buy at least 120 billion yuan ($19.3 billion of shares in a bid to stabilize the country's stock markets after a slump of nearly 30 percent since mid-June. The pledge...

Greek Minister Says Europe Won’t Let Athens Go Under

Greece’s finance minister accused creditors of trying to "terrorize" Greeks into accepting austerity, warning Europe stood to lose as much as Athens if the country is forced from the euro after a referendum on Sunday on bailout terms. After a...

European Bonds And Stocks On The Defensive Before Tight Greek Vote

European bonds and stocks traded cautiously on Friday before a Greek referendum on EU-prescribed reforms that could determine the country's future in the euro zone and which polls suggest could go either way. Yields on top-rated German 10-year Bunds, the...

Aetna To Buy Humana For $37 Billion In Largest Insurance Deal

Health insurer Aetna Inc (AET.N) on Friday said it would buy smaller rival Humana Inc (HUM.N) for about $37 billion in cash and stock, in the largest ever deal in the insurance industry. The combination will push Aetna close to...

FIRS Collects N1.8trn In 6 Months

The Federal Inland Revenue Service (FIRS) Thursday said that it collected N1.85 trillion as tax from the various sectors of the economy between January and June this year. The Acting Chairman of agency, Mr. Samuel Ogungbesan, made this known before...

Wall St. Up As Tepid Job Data Eases Rate Hike Concerns

U.S. stocks rose on Thursday after data showed job growth slowed in June, indicating that the U.S. Federal Reserve might hold off on raising interest rates in September. Eight of the 10 major S&P 500 sectors rose, with the utilities...

BP To Pay £12bn For Gulf Oil Spill

BP has reached an $18.7bn (£12bn) settlement with the US Department of Justice (DoJ) following the 2010 Gulf of Mexico oil spill. It comes as a US federal judge was expected to rule on how much BP owed in Clean...