Business

Oil prices skidded to fresh five-year lows on Tuesday, pressuring commodity-linked currencies and most Asian shares as a bout of risk aversion rippled through world markets. The urge for safety gave a rare boost to the Japanese yen which notched...

A 400-page report nearly three years in the making, released on Monday by the American Bankruptcy Institute’s Commission to Study the Reform of Chapter 11, laid out hundreds of recommended changes to law, some of which give companies more...

U.S. stock index futures dipped on Monday, indicating the S&P 500 may retreat from a record high, as soft data in China and Japan stoked global growth concerns. * Economic data showed China's exports rose at a slower than expected...

The Dow and S&P 500 closed a seventh straight weekly advance on Friday as a better-than-expected jobs report indicated strong economic growth, but perhaps to the point where interest rates could rise sooner than previously anticipated. Bank stocks and other...

Three companies have emerged to make a joint bid for Citigroup Inc's (C.N) credit card business in Japan, the Nikkei reported, as the U.S. lender goes ahead with plans to exit consumer banking in the country. Shinsei Bank Ltd (8303.T),...

Asian shares drifted while the dollar marked time on Friday ahead of the key U.S. jobs report later in the session that could help it retake ground lost to the euro overnight. MSCI's broadest index of Asia-Pacific shares outside Japan...

BEVERLY HILLS, December 04, (THEWILL) – President Goodluck Jonathan Thursday in Abuja assured Nigerians and foreign investors that the Nigerian economy will remain stable despite the drop in global oil prices. President Jonathan gave the assurance when a delegation of multinational...

Nigeria has slashed the oil price assumed in its 2015 budget by 11 percent to $65 a barrel from $73, in light of lower world oil prices, a Finance Ministry spokeswoman said on Thursday. It was the second time in...

...Naira down 11.8 percent this year as oil price drops (Adds naira close, intervention, comment from dealers) Nigeria's naira rose for the second straight day on Wednesday after the central bank sold dollars but still closed below the bottom of...

SAN FRANCISCO, December 04, (THEWILL) – A newly founded telecommunications consortium, NATCOM, Wednesday emerged the preferred bidder for the assets and liabilities of the moribund Nigerian Telecommunications Limited (NITEL) and its mobile arm, the Mobile Telecommunications (M-Tel), with a...