Business

Several of the biggest investors in Allianz are pressing the German insurer to step up oversight of its California asset management unit Pimco and one is considering the unusual step of going public with its concerns at a shareholder...

The U.S. Federal Reserve must avoid being locked into calendar-based policy commitments and instead ensure its forward guidance is flexible enough to allow it to respond to changing conditions, a top Fed official said in Hong Kong on Friday. Dallas...

Investors took to the sidelines ahead of what was expected to be an encouraging U.S. employment report on Friday, while the euro nursed losses after the European Central Bank opened the door to more aggressive easing if needed. The March...

Taleveras Group said the Nigeria Extractive Industries Transparency Initiative (NEITI) in its audit report listed 52,308,878.00 USD value against it in the crude oil swap arrangement, and not 152,308, 878 litres as grossly misinterpreted. NEITI in its audit report submitted...

U.S. stocks were poised to open little changed on Thursday, after the S&P 500 set a record for a second day and data showed jobless claims rose more than expected in the latest week. Initial weekly claims for state unemployment...

Delphi Automotive's name does not appear on the outside of the 2.6 million vehicles recalled by General Motors Co since February, but the company is getting drawn into a mounting wave of litigation for its role in producing the...

The U.S. trade deficit unexpectedly widened in February as exports fell to their lowest level in five months, further signs economic growth slowed in the first quarter. The Commerce Department said on Thursday the trade gap increased 7.7 percent to...

Neimeth International Pharmaceuticals Plc has officially kicked off the construction of its N5billion new WHO/cGMP complaint Pharma Complex situated in Anambra State. Peter Obi, the immediate past Governor of Anambra State laid the foundation stone of the new complex situated...

Thuraya Telecommunications Company, a leading Mobile Satellite Services (MSS) operator and Bharti Airtel International BV on Monday said it has entered into an agreement with India’s Airtel to provide its customers with mobile satellite products and services across 17...

Chrysler Group said on Wednesday it would recall nearly 870,000 vehicles to fix a defect in the brake systems following complaints about excessive brake-pedal firmness. Chrysler, a unit of Fiat Chrysler Automobiles, said the recalled vehicles will be installed with...