Business

Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low. Brent oil fell more than $6...

SABMiller Plc, The Coca-Cola Company and Gutsche Family Investments (GFI) are combining their soft drinks bottling operations in South and East Africa to create a group with $2.9 billion in revenue across 12 fast-growing markets. The new company, which will...

Nigeria’s Finance Minister, Dr. Ngozi Okonjo-Iweala, has given an assurance that the government has put strategies in place to deal with falling oil prices for as low as $60 dollars per barrel. The Minister said the scenario-based approaches developed to...

Barclays' private bank in Switzerland has dropped out of a U.S. program aimed at cracking down on wealthy Americans evading taxes through hidden offshore accounts, the British bank's market head for Switzerland said on Thursday. "We have recently exited the...

Fading expectations OPEC would cut production when it met on Thursday sent oil prices tumbling to a four-year low, while a rally in world stocks paused for Thanksgiving in the United States. Gulf oil producers, led by Saudi Arabia, were...

European campaigners against an EU-U.S. accord have held up progress towards the world's biggest free trade deal by deluging an online public consultation that EU officials had hoped would help them unblock a key issue. Of almost 150,000 submissions to...

Deere & Co (DE.N) said it expected equipment sales to fall further as lower grain prices discourage farmers from buying tractors, harvesters and other machinery. Shares of the world's largest farm equipment maker fell as much as 4 percent in...

Goldman Sachs Group Inc, Germany's BASF SE and two other big platinum and palladium dealers have been sued in the United States in what the plaintiff's law firm called the first nationwide class action over alleged price-fixing of the...

SAN FRANCISCO, November 25, (THEWILL) – The Central Bank of Nigeria (CBN) on Tuesday in Abuja devalued the Naira by N13. CBN says the move is part of efforts to strengthen the nation’s economy. CBN Governor, Mr. Godwin Emefiele, disclosed the devaluation...

Scott Wotherspoon runs a small tiling firm in Scotland. In 2008, when he bought a shopfitting company, he asked his accountants to check its books. There was no problem with the shopfitter. But Wotherspoon was about to run into...