Business

Top global miner BHP Billiton (BHP.AX)(BLT.L) will spin off a roughly $16 billion company to shareholders, mostly offloading assets acquired in its 2001 merger with Billiton, as it looks to focus on its strongest businesses. Chief Executive Andrew Mackenzie, in...

U.S. foodmaker H.J. Heinz Co has recalled some infant food products in China after a local watchdog said they contained excessive levels of lead, threatening to dent the company's reputation in a country highly sensitive to food safety. Heinz said...

...Vows To Resist Anti-N’Delta Activities Of IOCs ...Calls On Diezani To Prevail On ‘Saboteurs’ SAN FRANCISCO, August 19, (THEWILL) – Oil and gas monitoring group, the Niger Delta Indigenous Movement for Radical Change (NDIMRC), has accused Anglo Dutch oil company, Shell and...

Malaysia's AirAsia Bhd (AIRA.KL) dismissed a media report that it is weighing a bid for Japan's embattled Skymark Airlines Inc (9204.T), saying it is focused on a budget airline it is setting up with Japanese partners. The Nikkei business daily...

Argentina's President Cristina Fernandez took to Facebook on Saturday to rail against her country's holdout creditors, calling them greedy and bent on thwarting a solution in order to keep Argentina mired in debt. Fernandez' post on the social network was...

Diversified mining company BHP Billiton declared its preference for a demerger of its aluminum, manganese and nickel assets on Friday, setting the stage for the formation of a separate business that could be worth at least $12 billion. BHP said...

U.S. consumer sentiment fell in August to its lowest since last November while a barometer of current economic conditions rose to its highest since July 2007, a survey released on Friday showed. The Thomson Reuters/University of Michigan's preliminary August reading...

U.S. stocks fell to session lows on Friday, erasing earlier gains and dropping in heavy trading, as forces in Ukraine engaged a Russian armored column on Ukrainian soil. A Ukrainian military spokesman said Ukrainian forces had tracked a Russian armored...

Canadian plane and train maker Bombardier and Japanese industrial giant Hitachi are the two frontrunners to buy Finmeccanica's rail subsidiaries, several sources close to the auction process said. Italy's Finmeccanica has been trying to sell its cash-strapped train division AnsaldoBreda...

SAN FRANCISCO, August 14, (THEWILL) – The Central Bank of Nigeria (CBN) has reinstated the Automated Teller Machines (ATMs) transaction fees it scrapped some months back. The CBN announced the development in a note to banks dated August 13, 2014, pegging...