Business

Bank of America Corp (BAC.N) agreed with U.S. regulators to improve its compliance practices and pay a fine for violations in lending rules toward military personnel. The Office of the Comptroller of the Currency (OCC) asked the No. 2 U.S....

The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity has rebounded modestly. The government on Friday slashed its gross domestic...

U.S. fund managers recommended increasing equity exposure in a model portfolio in May, a Reuters poll showed, raising allocations in mainly North American and British shares at the expense of those in the euro zone. The model portfolio for May...

Intel Corp (INTC.O) is close to a deal to buy smaller chip maker Altera Corp (ALTR.O) for about $15 billion, the New York Post reported. The deal price could be as much as $54 a share, a 15 percent premium...

SAN FRANCISCO, May 28, (THEWILL) – Nigeria’s outgoing Minister of Agriculture and Rural Development, Akinwunmi Adesina was Thursday elected the 8th President of the African Development Bank (AFDB). Adesina succeeds Donald Kaberuka, whose tenure as President of the bank ends...

…Highly reputed as architect of the modern FirstBank BEVERLY HILLS, May 27, (THEWILL) – Mr. Bisi Onasanya is set to retire at a high point of his career as Group Managing Director/Chief Executive Officer, First Bank of Nigeria Limited, a...

BEVERLY HILLS, May 27, (THEWILL) – The Petroleum Affairs Minister, Mrs. Diezani Alison-Madueke, has lamented the recent nationwide fuel scarcity in the country, saying it was caused by the “fear of the unknown.” The Minister stated this in an exclusive...

A string of reversals from sharp moves the previous day marked global financial market trading on Wednesday, with stocks and oil gaining ground and the U.S. dollar falling after its biggest rally in two years. In early European trading, the...

Little more than a gentlemen's club in recent years, G7 finance ministers and central bankers have their work cut out this week to revive stuttering global growth and defuse tensions over China's claims to economic power. Topping the agenda for...

Patrick Drahi, the billionaire owner of European telecoms group Altice (ATCE.AS), said he put an end to talks to buy Time Warner Cable (TWC.N) because his company was not ready, adding that he would not carry out reckless acquisitions. "I...