Business

China will simplify currency rules and step up credit support for firms investing overseas, the cabinet said on Wednesday. It was the government's latest move to encourage use of excess factory capacity at home and help local firms grow globally. The...

...Street rate for naira 3-5 pct below cenbank's lower target ...Christmas shopping slows as shoppers curb imports ...Central bank has taken measures to fight "speculators" Nigeria's central bank says the post-devaluation band for the naira is "appropriately priced", but black market hawkers...

The strongest growth for the world's largest economy in over a decade meant there was plenty of pre-Christmas cheer in global markets on Wednesday, as stocks continued their strong run and the dollar hovered at an 8-1/2 year high. Risk...

United Parcel Service Inc (UPS.N) and FedEx Corp (FDX.N) started limiting air express deliveries after a last-minute increase in shipped packages caused some retailers to exceed agreed-upon limits, the Wall Street Journal reported, citing people briefed on the situation. This...

Top European truckmakers operated a cartel for 14 years to delay the progress of emissions-reducing technology, the Financial Times reported, citing leaked documents in a European Commission investigation. The newspaper said that one of the documents states that DAF Trucks,...

Brent crude oil rose above $61 a barrel on Tuesday after data showed the U.S. economy grew at its quickest pace in 11 years in the third quarter, outweighing downward pressure from a global glut and evidence of weak...

Keurig Green Mountain Inc (GMCR.O) said it would recall about 7.2 million hot beverage-brewing machines that could overheat and cause injury by spraying hot liquids on users. The affected machines are Keurig Mini Plus brewers made between December 2009 and...

U.S. stocks rose for a fourth straight session on Monday as large-cap technology shares gained and gave an outsized boost to the Dow, though continued weakness in crude oil weighed on the energy sector. The S&P 500 ended at a...

The French firm Alstom SA has pleaded guilty and will pay $772 million in criminal penalties to settle charges with the U.S. Justice Department alleging the company bribed government officials to win business around the world. The settlement announced by...

BEVERLY HILLS, December 22, (THEWILL) – The first set of the Dangote Cement bags, the 3x Premium, will hit the Cameroun market in January 2015, the management of the company has said. Conducting the Cameroonian media round the 1.5 million...