Business

Crude oil prices hit their lowest in almost six years on Tuesday in a market readying for further falls, as a big OPEC producer stood by the group's decision not to cut output to tackle a supply glut. Oil prices...

Airbus clung to the top spot in commercial plane orders by confirming it outsold Boeing last year, while failing to close a gap in deliveries that leaves its U.S. rival as the world's largest plane manufacturer for the third...

MetLife said it would file on Tuesday a lawsuit against regulators subjecting it to tougher oversight, challenging their verdict the firm harbors enough risk to endanger the financial system in a crisis. The company, the largest U.S. life insurer, unsuccessfully...

Mark Zuckerberg and Xiaomi Inc CEO Lei Jun discussed a potential investment by Facebook in China's top smartphone maker ahead of its $1.1 billion fundraising last month, but a deal never materialized, several people with knowledge of the matter...

Investors had hoped that the biggest U.S. banks would boost dividend payments substantially in 2015, but recent events including slumping oil prices will make it harder for banks to pay out more. The big banks are already holding more capital...

Mr. Mounir Gwarzo, the Executive Commissioner, Operations, securities and Exchange Commission (SEC) was on Monday, appointed as the Acting Director-General of the commission. This was made public in a statement by the commission in Abuja. The statement further said Ms...

Discount store chain Dollar Tree Inc said it expects to divest less than 300 stores to buy larger rival Family Dollar Stores Inc, and had already identified potential buyers. Dollar Tree said it would likely sign an agreement by the...

UBS Group AG, Switzerland's biggest bank, lost two more blue-chip corporate broking clients, the Financial Times reported, citing people familiar with the situation. British defense contractor BAE Systems Plc and Smith & Nephew Plc, Europe's largest maker of artificial joints,...

Volkswagen's (VOWG_p.DE) latest push to become more than a niche player in the United States builds on a truism the German carmaker has long ignored: if you want to crack the U.S. market, tune in to American customers. VW is...

BEVERLY HILLS, January 11, (THEWILL) – The Securities and Exchange Commission (SEC) Sunday said Ms. Arunma Oteh’s tenure as Director-General of the agency has ended. The agency in a statement on Sunday published by the News Agency of Nigeria (NAN)...