Business

Wall St. Set To Open Modestly Lower As Rate Hike Timing Weighs

U.S. stocks were set to open modestly lower on Monday as investors digested Friday's strong jobs data, which increased expectations that the Federal Reserve could raise interest rates as soon as September. Stronger-than-expected jobs data for May and a pickup...

OPEC Keeps Production Limit At 30mln Barrels Daily

SAN FRANCISCO, June 05, (THEWILL) – The Organisation of Petroleum Exporting Countries (OPEC) has said it has decided to maintain its maximum production limit at 30 million barrels of oil a day. The decision was made at the cartel's meeting...

Vodafone In Talks With Liberty Global On “Asset” Swap, Not Merger

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Vodafone, the world's second-biggest mobile telecoms company, said on Friday it was in talks with Europe's largest cable operator, Liberty Global, about an exchange of "selected assets" but was not discussing a full-blown merger. "Vodafone is not in discussions with...

Exclusive: In ‘Year Of Apple Pay’, Many Top Retailers Remain Skeptical

In a January earnings call with investors, Apple Inc (AAPL.O) Chief Executive Tim Cook made a confident prediction: "2015 will be the year of Apple Pay," he said. Since then, the company has aggressively courted retailers - and claimed significant...

Amazon, Google Race To Get Your DNA Into The Cloud

Amazon.com Inc is in a race against Google Inc to store data on human DNA, seeking both bragging rights in helping scientists make new medical discoveries and market share in a business that may be worth $1 billion a...

Nigeria Retains OPEC Presidency Despite Deziani’s Exit As Petroleum Minister

SAN FRANCISCO, June 04, (THEWILL) – The Presidency of the Organisation of Petroleum Exporting Countries (OPEC) is still under Nigeria’s control despite the exit of its Petroleum Resources Minister, Mrs. Deziani Alison-Madueke, an official of the Nigerian National Petroleum...

Nigeria: Shortage To Linger As Importers Shun Fuel Imports Despite Subsidy Payment Deal

BEVERLY HILLS, June 04, (THEWILL) –The shortage of petroleum products in Nigeria is not abating anytime soon because imports of the products into Nigeria are very low despite a deal between marketers and the federal government under former president,...

Bond Market Sell-Off Rumbles On, Stocks Feel The Pinch

A persistent sell-off in bond markets left financial market confidence in short supply on Thursday, with stocks lower globally and not even traditional safe havens like gold and the Swiss franc providing much of a refuge German 10-year Bund yields...

Dish In Talks To Merge With T-Mobile: WSJ

Dish Network Corp (DISH.O) is in talks to merge with T-Mobile US Inc (TMUS.N), in a deal that would combine the second-largest satellite TV operator in the United States with the fourth-largest wireless carrier, the Wall Street Journal reported. The...

Mazda Recalls 75,000 Cars In Japan After Takata Expands U.S. Recall

Mazda Motor Corp (7261.T) on Thursday filed a recall for 75,000 cars in Japan to replace air bag inflators made by Takata Corp (7312.T) after the Japanese supplier was ordered to expand a multi-million-vehicle recall in the United States. Of...