Business

...Commercial banks regularly halting naira trade ...Banks insist they want transparent, open FX market ...Plunging crude has pushed currency to record lows Wrapping up a monetary policy speech last week, Nigerian central bank governor Godwin Emefiele declared that the naira, which has...

Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, will cut its massive workforce, the company told Reuters, as the Apple Inc (AAPL.O) supplier faces declining revenue growth and rising wages in China. Under its flagship unit Hon Hai...

U.S. stock index futures fell on Tuesday, weighed by company earnings results including those of sector bellwethers Microsoft and Caterpillar. * Concerns lingered over Greece's new anti-bailout government and its implications for the euro zone. The leftist government that came...

Oil prices steadied above $48 a barrel on Tuesday, recovering from earlier losses as the dollar weakened against the euro. Brent crude oil futures LCOc1 rose 22 cents to $48.38 a barrel by 1042 GMT. U.S. West Texas Intermediate (WTI) crude...

South Korea's Samsung Electronics Co Ltd (005930.KS) will be the main supplier of processors powering Apple Inc's (AAPL.O) next iPhone, Maeil Business Newspaper reported on Monday, citing unidentified sources in the semiconductor industry. Samsung will be responsible for around 75...

When Mario Draghi announced the European Central Bank's trillion-euro scheme to buy government bonds, he acknowledged that in the round of strategies to revive inflation and boost the economy, the bank had just played its last hand. Asked by reporters...

Motorola, the mobile handset maker bought by China's Lenovo Group Ltd (0992.HK) from Google Inc (GOOGL.O) for $2.9 billion, is optimistic about its prospects in the Chinese market, its president told Reuters. Lenovo's acquisition, completed three months ago, ended Google's...

Venezuela's deepening economic troubles, and in particular the weakness of the bolivar and restrictive currency controls, have hurt U.S. corporate profits for the fourth quarter of 2014 and are set to inflict further pain this year. In a likely sign...

Shares of online data storage provider Box Inc (BOX.N) rose as much as 77 percent in their market debut as investors bet on the company's ability to turn profitable in a highly competitive market, boding well for another big...

Li Ka-shing's Hutchison Whampoa Ltd said on Friday it had entered into exclusive talks to buy Telefonica's> British mobile unit O2 for up to 10.25 billion pounds ($15.4 billion). Hutchison, which already operates the Three Mobile network in Britain, agreed...