Business

Britain's markets regulator has fined Bank of America Merrill Lynch a record 13.2 million pounds ($20 million) for failing to report transactions properly over seven years. The Financial Conduct Authority (FCA) said on Wednesday that Bank of America's Merrill Lynch...

SAN FRANCISCO, April 21, (THEWILL) – The President-elect, General Muhammadu Buhari, has requested the Economic Community of West African States (ECOWAS) to support the candidacy of Dr. Akinwunmi Adesina as the next president of the African Development Bank (AfDB). General...

Members of the Organization of the Petroleum Exporting Countries (OPEC) should prepare for extra Iranian crude production when Western sanctions on Tehran are lifted, Iran's oil minister was quoted on Tuesday by state news agency IRNA as saying. "We expect...

China's stock trading fever has made the Shanghai Stock Exchange the world's biggest in terms of turnover, surpassing the New York Stock Exchange, but the explosion in volumes has exceeded the ability of the exchange's software to report it. The...

Global lenders' negotiations with Greece, which have been moving at a crawl recently, have gained some momentum but remained a long way from the finish line, the International Monetary Fund's European head told a German newspaper. Athens has been stuck...

An air strike on a Scud missile base in the Yemeni capital Sanaa caused a huge explosion that blew out windows in homes, residents said. There was no immediate word of casualties from the blast, which hit the base on...

Representatives of Comcast Corp (CMCSA.O) and Time Warner Cable Inc (TWC.N) are preparing to meet U.S. Department of Justice officials to discuss competition concerns raised by the planned $45 billion merger of the two cable giants, the Wall Street...

Toyota Motor Corp (7203.T), the world's largest automaker by sales volume, plans to launch two hybrid cars in China this year as part of efforts to launch vehicles that will help to reduce pollution in the country. The gasoline-electric hybrid...

Iraqi forces retook most of the country's largest refinery from Islamic State on Saturday, security officials said, reversing gains by the militants who seized parts of the sprawling complex this week. The insurgents attacked Iraq's Baiji refinery a week ago...

First Bank of Nigeria Ltd., the country’s biggest lender by assets, will be among banks that need to raise capital or restructure their balance sheets in the next 18 months to combat low oil prices, according to Standard &...