Business

SAN FRANCISCO, January 18, (THEWILL) – The federal government of Nigeria has reduced the price of petrol to N87 ($0.45) from N97 per litre. Petroleum Resources Minister, Diezani Alison Madueke, who made the announcement on Sunday said the price reduction...

President Barack Obama's State of the Union address will propose closing multibillion-dollar tax loopholes used by the wealthiest Americans, imposing a fee on big financial firms and then using the revenue to benefit the middle class, senior administration officials...

Google Inc is in talks to buy mobile-payments company Softcard, technology news website TechCrunch reported on Friday, citing people familiar with the matter. The deal could help pair Google with the largest U.S. wireless carriers to battle Apple Inc and...

SAN FRANCISCO, January 16, (THEWILL) – World Bank Country Director, Marie Francoise Marie-Nelly, has described Cross River State as a model in the implemention of the Bank’s projects and programmes in the country because of its approach to governance. Marie...

China's Alibaba Group Holding Ltd (BABA.N), the world's biggest e-commerce company, is piloting a mobile messaging app aimed at marrying social networking with business, an Alibaba spokeswoman said on Friday, as the company expands its enterprise services. The app, called...

Retail foreign exchange brokers from New Zealand to New York were nursing hefty losses from the Swiss National Bank's shock move to abandon a cap on its currency, with some even being forced out of business. Retail broker Alpari UK...

The Swiss National Bank (SNB) shocked financial markets on Thursday by scrapping a three-year-old cap on the franc, sending the safe-haven currency soaring through the 1.20 per euro limit and stoking fears about the export-reliant Swiss economy. Only days ago,...

Samsung Electronics recently offered to buy BlackBerry Ltd (BBRY.O) (BB.TO) for as much as $7.5 billion, seeking its valuable patents as it battles Apple (AAPL.O) in the corporate market, according to a person familiar with the matter and documents...

JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 6.6 percent drop in quarterly profit as legal costs exceeded $1 billion in the wake of government probes, leading Chief Executive Jamie Dimon to claim banks were...

Swedish telecom equipment supplier Ericsson said on Wednesday it filed a complaint against Apple Inc over mobile technology license payments, responding to a lawsuit from the iPhone maker earlier this month. Ericsson said in its filing to a U.S. district...