Business

For the first time over a billion people used Facebook on a single day, according to company founder Mark Zuckerberg. The "milestone" was reached on Monday, when "1 in 7 people on Earth used Facebook to connect with their friends...

Nigeria's state oil company, the Nigerian National Petroleum Corporation (NNPC), has reduced the number of off-takers that will emerge after a competitive bid for the proposed 2015/16 crude oil term contract to 16 from 43, it said on Thursday. NNPC,...

Stocks surged on Thursday, following the biggest gains on Wall Street in four years, after a U.S. Federal Reserve policymaker said the case for an interest rate increase next month "seems less compelling" than it was a few weeks...

The euro is an irreversible project even though the people of Europe lack confidence in the currency union's ability to deliver all promised benefits, European Central Bank executive board member Benoit Coeure said on Thursday. Greece, bailed out by the...

Wal-Mart Stores Inc (WMT.N) said it will bring forward its holiday layaway program by two weeks, as the world's largest retailer hopes to get a jump on year-end demand and fuel sales of soon-to-be-launched Star Wars toys. The company will...

The alarming scale of China's economic slowdown is pushing European exporters to accelerate a move into premium goods and services, sacrificing volumes if necessary to sustain margins. As Chinese rivals gain expertise in areas from elevators to healthcare to sweeteners...

Nigeria’s Central Bank (CBN) Governor Godwin Emefiele’s unorthodox policies aimed at maintaining the naira’s peg to the dollar, amid a global commodity rout and analysts calls for a devaluation mimics Malaysia’s response to the Asian financial crises of 1997. Malaysia’s...

Oil stabilized on Wednesday after China's central bank moved to support the country's economy, but prices stayed near 6-1/2-year lows as a heavy supply glut kept the market outlook bearish. "Oil is catching its breath a bit and seeing if...

World shares sagged on Wednesday as investors feared fresh rate cuts in China may not be enough to stabilize its slowing economy or halt a stocks collapse that is wreaking havoc in global markets. Europe's main stock markets <0#.INDEXE>, which...

Amazon.com Inc (AMZN.O) said on Tuesday it will begin delivering wine, beer and spirits to U.S. customers for the first time as part of its speedy delivery service, Prime Now. The online retailer is expanding Prime Now, its one- and...