Business

U.S. stocks extended their losses in heavy trading on Monday, adding to a global selloff, after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone. All three major indexes...

European bank stocks and borrowing costs for Italy, Spain and Portugal bore the brunt on Monday of financial markets' fright at the growing risk that Greece will leave the euro. The worst fall in shares for six months and a...

Rising interest rates after years of loose monetary policy will pose a fresh risk to banks' ability to absorb losses using capital buffers, the Bank for International Settlements said in its annual report on Sunday. A prolonged period of ultra-low...

Martina Roemmelt-Fella, who owns a small, family-run turbine manufacturer in Bavaria, should be a cheerleader for a trade deal between Europe and the United States that promises to ease the flow of goods and services across the Atlantic. But instead...

Greek Prime Minister Alexis Tsipras called a referendum on austerity demands from foreign creditors on Saturday, rejecting an "ultimatum" from lenders and putting a deal that could determine Greece's future in Europe to a popular vote. The surprise call marked...

FedEx (FDX.N) has asked the European Union's competition regulator to approve its 4.4-billion-euro ($4.9 billion) bid for Dutch rival TNT Express (TNTE.AS), the U.S. package delivery service company. The deal, which will combine FedEx's air fleet with TNT's sizeable European...

Nestle SA (NESN.VX) thinks it can turn around its U.S. frozen foods business despite recent sales declines driven by consumer perceptions that the products are not healthy, the company's U.S. chief executive said in an interview. Nestle remains committed to...

The Securities and Exchange Commission (SEC) on Thursday said that preliminary report of forensic auditors on BGL Group Plc revealed that the company eroded its shareholders' funds to the tune of N48 billion. The commission in a statement posted on...

SAN FRANCISCO, June 24, (THEWILL) – Nigeria has lifted the ban placed on the importation of textiles and furniture into the oil-rich nation. The Comptroller-General of the Nigeria Customs Service, Alhaji Abdullahi Dikko, who disclosed this in Lagos at the...

SAN FRANCISCO, June 24, (THEWILL) – In a bid to reduce the pressure on the naira and preserve Nigeria’s external reserves the Central Bank on Tuesday blocked the sale of foreign exchange for the purchase and importation of 40...