Business

The dollar headed for its biggest weekly rise since May on Friday as economic data reinforced expectations of a U.S. interest rate hike this year. European shares steadied on the view that Greece will secure a bailout. The dollar hovered...

The National Industrial Court of Nigeria in Abuja Thursday ordered Mainstreet Bank Limited to pay an ex-employee, Mr Jonah Ode, N68. 96m as cumulative entitlement since 2011 after his sack. Justice Peter Lifu who gave the order, also declared his...

The United States is set to remove Cuba from the bottom tier on its list of worst human trafficking centers, U.S. sources said, in what will be another step in the historic rapprochement between the former Cold War foes. The...

E-commerce company eBay Inc (EBAY.O) reported a 7 percent jump in net revenue, boosted by higher demand in the PayPal Holdings Inc (PYPLV.O) payments business it plans to spin off on Friday. The company also announced an additional $1 billion...

Wall Street rose sharply on Thursday, with the Nasdaq composite touching a three-week high, as bellwether companies such as Citigroup (C.N), eBay (EBAY.O) and Netflix (NFLX.O) reported strong results. Netflix rose as much as 16.6 percent to a record high...

Citigroup Inc, the third biggest U.S. bank by assets, reported its highest quarterly profit since the financial crisis as Chief Executive Michael Corbat's restructuring and cost-cutting efforts paid off and the bank's legal expenses plunged. Under Corbat, who replaced Vikram...

BEVERLY HILLS, July 15, (THEWILL) – Transnational Corporation of Nigeria Plc (Transcorp) announced Wednesday that its agribusiness subsidiary, Teragro Commodities Limited, has acquired and installed extraction cup technology, instantly enabling the company to deliver superior quality juice concentrate that...

Bank of America Corp (BAC.N), the No. 2 U.S. bank by assets, reported its biggest quarterly profit in nearly four years on Wednesday as mortgage banking revenue soared and expenses fell to their lowest since the financial crisis. BofA's legal...

U.S. stock index futures were little changed on Wednesday as investors await Federal Reserve Chair Janet Yellen's comments on raising interest rates and the outcome of a Greek parliament vote on the terms of a third bailout. * Bank of...

Greece will need debt relief far beyond what euro zone partners have been prepared to consider due to the devastation of its economy and banks in the last two weeks, a confidential study by the International Monetary Fund seen...