Business

The European Central Bank will present details on Thursday of a new asset-buying plan with which it hopes to revive the flagging euro zone economy and see off the specter of deflation. The ECB plans to buy asset-backed securities (ABS)...

Nigerian banks’ ability to create risk assets is being squeezed by the central bank (CBN) regulations on capital requirements even as analysts agree that securitisation of bank loans to free up capital is essential for the financial services sector...

Investment Corporation of Dubai (ICD) is exploring further investment opportunities with African conglomerate Dangote Group, the chief executive of the emirate’s fund said on Wednesday. ICD, which hold stakes in many of Dubai’s top companies including Emirates airline and Emaar...

Coca-Cola Co, under pressure from an activist investor, said it had adopted new guidelines under its 2014 equity plan that will extend the number of years shares will last under the plan by using fewer shares each year. The company...

When Britain lost its last native car company 20 years ago, it was lamented across the political spectrum as a national catastrophe. "The sheer stupidity and immorality of this betrayal is too scandalous to be ignored," wrote a columnist in...

Argentina deposited a $161 million bond interest payment with a newly appointed local trustee on Tuesday, the Economy Ministry said, defying a U.S. judge who held it in contempt a day earlier for taking illegal steps to meet its...

German sportswear maker Adidas, facing investor discontent after a series of profit warnings, plans to return as much as 1.5 billion euros ($1.9 billion) to shareholders over the next three years. The shareholder return program would be financed mainly from...

The creator of StealthGenie, a mobile app marketed as a tool for spying on cheating spouses and keeping tabs on children, has been arrested, according to federal authorities. The FBI said the case marks the first time anyone has faced...

U.S. stocks were higher on Tuesday, lifted by strength in technology shares, but the S&P 500 and Nasdaq were on track for a negative month in September. Major indexes fluctuated between positive and negative territory, with analysts citing concerns about...

EBay Inc (EBAY.O) plans next year to spin off PayPal, its fast-growing payments business, giving in to activist investor Carl Icahn's argument for a leaner company better equipped to compete in the competitive mobile payments market. EBay's shares rose as...