Business

U.S. mutual funds are placing bigger bets on privately held companies to get a head start finding the next IPO superstar, a strategy that has yielded some dramatic payoffs and flameouts. Fast-growing private companies such as Uber Technologies, Pinterest and...

Nearly a year after oil markets entered a deep downward spiral, unmoored from the $100-a-barrel mark that had anchored them for years, some OPEC members are publicly talking for the first time about a new "fair" price for their...

BEVERLY HILLS, June 03, (THEWILL) – The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on President Muhamadu Buhari to increase local refining capacity before embarking on any deregulation process. The oil workers’ union gave the...

Authorities in the Indian capital have banned sale of Maggi noodles for 15 days after high levels of lead were found in batches tested in Delhi and Uttar Pradesh. The government has also ordered a country-wide testing of samples amid...

The European Central Bank is set to raise its inflation forecast on Wednesday, saying that its trillion-euro-plus asset buying program is already paying off, and may urge Greece to accept a new deal from its creditors to access fresh...

Deutsche Bank (DBKGn.DE) will launch three innovation labs this year, partnering with big development firms to speed creation of financial technology for its own uses and will spend up to 1 billion euros ($1.11 billion) on digital development in...

OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year's shock market therapy has revived demand and knocked back growing competition. With oil prices having stabilized, at around $65 a barrel, some $20...

Greece will not make a June 5 repayment to the International Monetary Fund if there is no prospect of an aid-for-reforms deal with its international creditors soon, the spokesman for the ruling Syriza party's lawmakers said on Wednesday. The payment...

BEVERLY HILLS, June 01, (THEWILL) – The Central Bank of Nigeria CBN, Monday, announced the dismissal of six officials across various branches involved in an N8 billion currency fraud. The CBN in a statement by the its Director, Corporate Communications...

Malaysia Airlines is "technically bankrupt", its chief executive has said, as he announced a restructuring programme and plans to cut about 6,000 jobs. The announcement follows the twin air disasters which forced its nationalisation last year. The airline said it had...