Business

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...

...NNPC's crude allocation for refineries no longer serves purpose ...Oil used in ad hoc ways, swap contracts full of holes ...Decade's worth of revenues from entire crude stream unremitted Nigeria's new president should overhaul how Africa's biggest oil producer sells its state...

Greece's stock market suffered heavy losses on Monday, plunging nearly 23 percent at the open before recovering slightly, after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. One fund manager...

Goldman Sachs Group Inc (GS.N) raised the top end of the range for possible legal losses to about $5.9 billion, the bank said in a regulatory filing on Monday. In May, the Wall Street bank estimated $3.8 billion in legal...

Fiat Chrysler Automobiles (FCHA.MI)(FCAU.N) said over the weekend it is recalling about 322,000 Dodge Charger sedans in North America because side air bags can deploy when a car door is slammed. This is the same issue that led to the...

A consortium of German premium carmakers has agreed to buy Nokia's (NOK1V.HE) mapping business HERE for 2.5 billion euros ($2.74 billion), in a push to extend the reach of automakers into digital services for connected cars. The three automaker partners...

Yahoo Inc (YHOO.O) said on Friday it agreed to buy fashion start-up Polyvore to help drive traffic and strengthen its mobile and social offerings. Yahoo, which did not disclose terms of the deal, said Polyvore will accelerate its 'Mavens' growth...