Business

Morgan Stanley (MS.N) is weighing the sale of its private bank in Switzerland which manages roughly 10 billion Swiss francs ($11.28 billion) in assets, a source close to the matter told Reuters. The U.S. bank is looking at several options,...

SAN FRANCISCO, March 04, (THEWILL) - Aliko Dangote foremost Nigerian industrialist and philanthropist has endowed Dangote Foundation with N200 billion, a statement from Dangote Group said Tuesday. Speaking in Lagos, Mr. Dangote noted that, “Dangote foundation is now 20 years...

BEVERLY HILLS, March 04, (THEWILL) – The Central Bank of Nigeria (CBN) has listed for liquidation 83 licensed Micro Finance Banks (MFBs). Manager Director, Nigeria Deposit Insurance Corporation (NDIC) Alhaji Umaru Ibrahim made the disclosure when he appeared before the Senate...

.....Says Marketers Not Comfortable With Current Pump Price BEVERLY HILLS, March 04, (THEWILL) – The Department of Petroleum Resources (DPR) on Tuesday in Abuja gave reasons why the current fuel scarcity persists. It said the shortfall in supply of the products...

British oil firm BP (BP.L) said it was considering its options after a U.S. appeals court rejected its bid to block businesses from recovering money over the Gulf of Mexico spill even if they could not trace their economic...

French carmaker Renault (RENA.PA) has trimmed its growth forecast for the global market this year, in a sign the industry is becoming increasingly worried about volatile emerging markets even as demand in Europe starts to pick up. Renault sales chief...

Volkswagen's (VOWG_p.DE) efforts to move into no-frills vehicles are stalling as the German carmaker is struggling to meet cost targets for its first budget car, a VW brand executive told Reuters on Tuesday. "It's becoming more and more difficult" to...

India's trade minister on Tuesday accused the United States of excessive trade protectionism, launching a broadside that coincided with the visit of a top U.S. official to patch up a stormy bilateral friendship. Trade Minister Anand Sharma, speaking at a...

World shares and hard-hit Russian assets rebounded on Tuesday after Russia's president ordered troops in military exercises to return to base in what was seen as a dampening down of immediate tensions in the East-West crisis over Ukraine. Russian stocks...

BEVERLY HILLS, March 03, (THEWILL) – The 2014 Forbes Billionaires’ List, which was released recently, ranked the President/Chief Executive, the Dangote Group, Alhaji Aliko Dangote, 23rd in a list of 1,645 richest people in the world, with a personal...