Business

Barclays (BARC.L) said a collapse in investment bank revenue hit first quarter profits and was still hurting income in April as the British bank works on an overhaul of the flagging business, expected to be announced later this week. Income...

The dollar fell to a 6-1/2 month low on Tuesday despite signs the U.S. economy is emerging from a particularly harsh winter-induced slowdown. It was hurt by U.S. bond yields struggling to pull away from their recent troughs, suggesting there...

... As House Failure To Appear Stalls Proceedings BEVERLY HILLS, CA, May 05, (THEWILL) – The Federal High Court sitting in Abuja has again been forced to adjourn till May 26 hearing in suit brought by the Petroleum Resources Minister...

SAN FRANCISCO, May 05, (THEWILL) – Cross River State, Nigeria’s second-largest cocoa grower, said it will sell five government-owned farms in a bid to boost production of the commodity with private investment. Prospective investors have until May 19 to bid...

China has temporarily banned imports of British cheese after the country's food inspectors complained about hygiene standards at an unnamed UK dairy. The Chinese officials were reportedly dissatisfied with its maintenance and storage, raw milk transport temperatures and air sanitisation. However,...

European stocks slipped in thin trade on Monday after soft Chinese manufacturing data, while simmering tensions in Ukraine underpinned safe-haven government bonds and gold. Portuguese bond yields edged to eight-year lows after Lisbon said on Sunday the country would make...

Norway picked Citigroup (C.N) over rival U.S. bank JPMorgan Chase & Co Inc (JPM.N) as custodian of its sovereign oil wealth fund, the world's biggest at $865 billion, the Financial Times reported on Sunday. Officials at the banks were not...

Ukraine's largest bank has temporarily closed branches in separatist-held Donetsk and Luhansk, saying it could no longer carry out cash transactions in regions riddled with crime that could "threaten the lives" of its workers. Pro-Russian separatists have targeted Privatbank, after...

A U.S. jury on Friday ordered Samsung Electronics Co Ltd to pay $119.6 million to Apple Inc, far less than Apple had sought and marking a big loss for the iPhone maker in the latest round of their globe-spanning...

Bill Gates, the former chief executive and chairman of Microsoft Corp, will have no direct ownership in the company he co-founded by mid-2018 if he keeps up his recent share sales. Gates, who started the company that revolutionized personal computing...