Business

Citigroup Inc (C.N) is preparing to sell its Japanese retail banking operations, a source with direct knowledge of the matter said on Wednesday, as it waves the white flag on a venture plagued by regulatory troubles and anemic lending. The...

SAP SE (Systems Applications Products Societas Europaea), a European multinational software corporation, will invest up to $500 million in Africa over the next seven years, the company announced at a press briefing on Tuesday. The investment is planned to help...

Global stocks rose and money-market rates fell to new lows on renewed investor appetite for risk on Tuesday, as investors breathed easier over the Ukraine crisis and saw monetary policy remaining accommodative. Equities are still trading broadly near multi-year highs...

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...