Business

PepsiCo Inc (PEP.N) reported better-than-expected quarterly profit and sales and raised its full-year adjusted earnings forecast as higher prices helped drive revenue growth in its beverages business for just the second time in nearly four years. The company's shares rose...

EU antitrust regulators accused MasterCard on Thursday of over-charging non-European cardholders to process their purchases in Europe, the second time the EU has taken on the world's No. 2 credit and debit card network. The latest move by the European...

Nigeria’s foreign exchange reserves has risen sharply to $31.89 billion from its previous balance of $29.1 billion, the Governor of the central bank of the oil-rich West African state told the leadership of the Senate on Wednesday. Governor Godwin Emefiele, said...

The Nigerian government has agreed to pay outstanding subsidy-related debt to oil product importers, a trade body spokesman said on Wednesday. "They agreed to pay the remaining balance last week. Nothing has come yet but maybe this or next week....

The dramatic sell-off in China's main stock market has continued despite efforts by regulators to try to stem the losses. The Shanghai Composite index plunged 8% on opening, taking the drop in share values to 30% since their June peak. On...

Microsoft Corp, the world's largest software company, plans to announce a new round of layoffs as early as Wednesday as it tries to cut costs further, the New York Times reported. The latest job cuts are in addition to the...

Brent oil bounced back from a three-month low to around $57 a barrel on Wednesday after an industry report showed a larger-than-forecast drop in U.S. crude stocks and Iran nuclear talks failed to produce a deal. Oil had come under...

British bank Barclays has ousted Chief Executive Antony Jenkins after three years in the post, saying on Wednesday it had decided new blood would help accelerate strategic change and boost shareholder returns. Shares in the bank were up 3.2 percent...

BEVERLY HILLS, July 07, (THEWILL) – BitX, a leading international Bitcoin company, has strengthened its position as the leading Bitcoin player in Africa by launching in Nigeria, Africa’s largest consumer market. In a statement issued on Tuesday, BitX CEO, Marcus...

SAN FRANCISCO, July 07, (THEWILL)  – The Presidency Tuesday said it has not included funds in the Excess Crude Account (ECA) in the bailout package approved by President Muhammadu Buhari for states to pay wages as reported in the...