Business

Japan's Dai-ichi Life Insurance Co has agreed to buy U.S. peer Protective Life for $5.7 billion, the largest acquisition by a Japanese insurer, displaying its determination to grow overseas to counter weak prospects at home. Dai-ichi Life, Japan's second-largest private-sector...

Apple has taken on Dropbox and WhatsApp with a series of software upgrades that mimic the rival apps' services. At its annual conference for software developers, the firm unveiled iCloud Drive, an internet-based storage app, which works on Apple systems...

U.S. manufacturing activity accelerated in May and construction spending rose for a third straight month in April, suggesting economic growth was regaining steam in the second quarter. The economy sank in the first quarter under the weight of a brutally...

Euro zone price inflation fell unexpectedly in May, increasing the risks of deflation in the currency area and all-but sealing the case for the European Central Bank to act this week. Annual consumer inflation in the 18 countries sharing the...

France said it would defend the interests of its biggest bank BNP Paribas, calling a possible $10 billion-plus U.S. fine "unreasonable" and warning it could have a bearing on transatlantic free trade talks. French government ministers have until now shied...

Apple Inc will let software developers include virtual-currency transactions in their applications, paving the way for new forms of money to appear on iPhones and iPads. "Apps may facilitate transmission of approved virtual currencies provided that they do so in...

… Seeks N2bn Damages BEVERLY HILLS, CA, June 02, (THEWILL) - Malabu Oil and Gas Limited Monday began moves to nullify the February 18 House of Representatives resolution on Oil Prospecting License (OPL) 245 in which it has an interest. The company...

Samsung Electronics Co Ltd (005930.KS) plans to launch the first smartphone based on its Tizen operating system in the third quarter, marking the company's latest bid to build up its own ecosystem and reduce reliance on Google Inc's (GOOGL.O)...

Signs of an economic revival in China have raised hopes that Beijing's targeted measures to bolster growth are having an impact but a slowdown in the euro zone will increase expectations of policy easing there. Chinese factory activity expanded at...

Reassuring Chinese factory data and another record high for Wall Street lifted world stocks and commodities on Monday, as markets waited to see how far the European Central Bank will go with policy easing plans this week. China's manufacturing activity...