Business

The next managing director of the International Monetary Fund is likely to come from outside Europe when current leader Christine Lagarde eventually leaves, the deputy head of the Washington-based fund said in an interview broadcast on Saturday. IMF First Deputy...

Britain's Pearson (PSON.L) said on Saturday it was in talks to sell its 50 percent stake in The Economist Group, publisher of The Economist newspaper. The move comes on the heels of Pearson's sale of the Financial Times newspaper to...

The World Bank has announced the appointment of the immediate past Director-General of Nigeria’s Securities and Exchange Commission (SEC), Mrs Arunma Oteh as a Vice President and Treasurer. According to a statement released by the bank in Washington, Mrs Oteh...

U.S. President Barack Obama said in Kenya on Saturday that African entrepreneurs could help counter violent ideologies and make the continent a hub for global growth, helping create opportunities in Africa that offset any threat from terrorism. Obama was speaking...

The No. 2 U.S. wireless carrier AT&T Inc and the biggest satellite-TV provider DirecTV became the country's largest pay-TV company on Friday, completing their $48.5 billion merger after receiving final regulatory approval. The newly expanded AT&T leapfrogs the biggest U.S....

India's Reliance Industries Ltd (RELI.NS) will launch its ambitious 4G telecoms venture in December through a direct physical presence in over 1,000 "Jio Centers" and will also sell self-branded devices under its retail unit, the company disclosed in a...

World Trade Organization (WTO) members finalized a deal on Friday to cut tariffs on $1 trillion worth of information technology products in a boost for producers of goods ranging from video games to medical equipment. The agreement to update the...

In splashing $1.3 billion for Britain's Financial Times, media group Nikkei is just the latest in a string of Japanese companies driven to look overseas to escape poor growth prospects from a rapidly aging domestic population. Flush with abundant bank...

Anthem Inc said on Friday it would buy Cigna Corp in a deal valued at $54.2 billion, creating the largest U.S. health insurer by membership. The deal - the biggest ever in the health insurance industry - comes three weeks...

The battered energy sector may begin to brighten a little as companies report second-quarter results, but barring a big increase in the price of oil, the sector won't be able to sustain even current share prices going forward, analysts...