Business

Hong Kong's de facto central bank said on Tuesday that it is investigating a number of banks as part of the global probe into alleged manipulation of foreign exchange markets, as investigations into the $5.3 trillion-a-day-market escalate. The Hong Kong...

Hewlett-Packard Co agreed to pay $57 million to settle a lawsuit that accused the personal computer maker's former management of defrauding shareholders by abandoning a business model it had long touted. The lawsuit was filed after former Chief Executive Leo...

SAN FRANCISCO, April 01, (THEWILL) – Nigeria's leading integrated bank, Zenith Bank Plc., has scored another goal which is worthy of emulation. In a landmark development which is consistent with the bank's tradition and succession strategy of grooming leaders from...

SAN FRANCISCO, March 31, (THEWILL) – As it continues the introduction of its newly launched 3x cement of 42.5 grade to various stakeholders, customers of Dangote Cement Plc, especially those from the South East will for the next one...

BEVERLY HILLS, CA, March 31, (THEWILL) – Zenith Bank Plc has appointed Mr. Peter Olisamedua Amangbo, an executive director of the bank, as its new managing director and chief executive officer. Amangbo succeeds Mr. Godwin Emefiele, who was last week...

Switzerland's competition commission WEKO said on Monday it had opened an investigation into several Swiss, British and U.S. banks over potential collusion to manipulate foreign exchange rates. WEKO said it is investigating UBS, Credit Suisse, Zuercher Kantonalbank (ZKB), Julius Baer,...

Euro zone inflation hit its lowest level since November 2009 in March, a shock drop that raises expectations the European Central Bank will take radical action to stop the threat of deflation in the currency bloc. Annual consumer inflation in...

China's Huawei Technologies Co Ltd has targeted 2018 revenue almost double the record reaped last year when the company booked 34 percent profit growth and became the world's third-biggest smartphone manufacturer. Huawei has been flooding emerging markets with low-priced smartphones...

Hyundai Motor Co (005380.KS) chairman Chung Mong-koo earned a combined 14 billion Korean won ($13.09 million) in pay last year from the South Korean automaker and its two key affiliates in their first such disclosure under new rules. Chung, a...

The European Central Bank's dilemma over barely rising prices seems likely to dominate a week starting with a euro zone inflation estimate and ending with U.S. jobs figures, the monetary policy driver on the other side of the Atlantic. After...