Business

The global economy is ending the year in a fragile state with factory activity shrinking in China, euro zone business growth remaining weak, and emerging market giant Russia in a spiraling currency crisis. "These are uncertain times again and there...

Chinese authorities said on Tuesday that Honda Motor Co. and its two joint ventures in China would recall 569,769 cars due to potentially defective air bags which the carmaker said were made by Japan's Takata Corp.. Close to 20 million...

SAN FRANCISCO, December 16, (THEWILL) – Nigeria’s Petroleum Resources Minister was Tuesday appointed President of the Gas Exporting Countries Forum (GECF) at the 16th Ministerial Meeting of the forum holding in the Qatari capital city of Doha. The Minister who...

U.S. stocks dipped on Monday as initial gains vanished, as did a brief rebound in crude oil prices. Brent LCOc1 and U.S. crude CLc1 had briefly rebounded after having hit fresh 5-1/2 year lows earlier in the day, only to...

Nigeria's consumer price inflation fell for a third month in November as food price rises slowed again, shrugging off weakness in the naira currency that threatens to push up living costs ahead of next year's election. The statistics bureau said...

After leading the U.S. economic recovery out of recession, some of the nation's top oil states are showing early signs of a slowdown as a result of the plunge in crude prices. In Houston, Texas, the first oil industry layoffs...

Nigeria's two main oil worker unions will begin an indefinite nation-wide strike starting on Dec. 15, the unions said on Sunday. The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Nigeria Union of Petroleum and Natural Gas...

Oil producers group OPEC can ride out a slump in oil prices and keep output unchanged, its head said on Sunday, arguing market weakness did not reflect supply and demand fundamentals and could have been driven by speculators. Speaking at...

Civil rights leader Reverend Al Sharpton will meet next week with Sony Pictures Entertainment Co-Chairman Amy Pascal and decide whether her emails about President Barack Obama's race warrant calling for her resignation. Pascal is under pressure after her private emails...

China's Tencent Holdings Ltd (0700.HK) has been given approval to start its banking operations, the banking regulator said, making the internet firm the first of five recently approved private banks to open its doors to clients. The launch of Tencent's...