Business

After 2014’s Party, Investors In U.S. Stock Market May Face A Hangover

Revelers ringing in of the new year this week need to watch out for the next day's hangover. And investors may experience a similar feeling early in 2015 after a two-year run that has propelled U.S. stocks up by...

Chinese Stocks, Dollar And Debt The Stars Of 2014

Chinese and U.S. stocks headed the list of 2014 top performers while markets elsewhere ended the year on Wednesday on a cautionary note as worries about Greece's future served as an excuse to take profits. The U.S. dollar lost a...

Ejizu, Ayeni, Others Acquire Ascot Offshore For N16bn From AMCON

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The Chief Executive Officer/founder of Pan African International (PAI) Group, Mr. Ike Ejizu and the Chairman of Skye Bank Plc, Mr. Tunde Ayeni, among others, have partnered to acquire Ascot Offshore Nigeria Limited for an estimated N16 billion ($95.24...

Stock Futures Tick Lower; S&P 500 At Closing Record

U.S. stock index futures were slightly lower on Tuesday, suggesting the market's recent trend of slight moves and low volume would continue in the next-to-last trading day of the year. Equities have been trending to the upside, buoyed by strong...

Oil Hits Five-And-A-Half-Year Low Below $57 On Supply Glut

Brent crude oil fell to a 5-1/2-year low of less than $57 a barrel on Tuesday as a global supply glut outweighed concerns of lost supply from Libya where battling militias have closed ports. The North Sea oil benchmark recovered...

Transcorp Named Nigeria’s Most Compliant Listed Firm

SAN FRANCISCO, December 29, (THEWILL) – In recognition of its outstanding commitment to upholding the highest levels of corporate governance, Transcorp has been awarded the Company Award for the Most Compliant Firm in Nigeria by the Nigerian Stock Exchange...

2014 Has Been A Difficult Budget Year – Okonjo Iweala

BEVERLY HILLS, December 29, (THEWILL) –  The Minister of Finance and Coordinating Minister of the Economy (CME), Dr. Ngozi Okonjo-Iweala, has described 2014 as a difficult Budget year , stressing that fiscal outlook over the mid-term 2015-2017 will also...

AirAsia Shares Fall 7.8 Percent, Biggest Drop In Three Years After Plane Goes Missing

Shares in AirAsia fell 7.8 percent on Monday, their biggest one-day drop in more than three years after one of its aircraft went missing on its way to Singapore from the Indonesian city of Surabaya. Analysts said the Sunday incident...

Oil Prices Climb On Worries Over Libyan Supply

Oil prices rose on Monday, after dropping for the past two sessions, as escalating clashes in Libya stoked worries about supply from the OPEC member. A fire caused by fighting at one of Libya's main export terminals has destroyed 800,000...

Asia Follows Wall Street Up, Euro Wobbles Before Greek Vote

Asian stocks rose on Monday, following fresh gains on Wall Street, while the euro wallowed near 28-month lows versus the dollar on nervousness before a vote in the Greek parliament that could result in snap elections. MSCI's broadest index of...