Business

...Shell says $1 bln/month oil theft figure probably accurate ...Proposed legal changes curbing Nigeria's oil output ...Some Nigerian risks worsened, Shell says in annual report Royal Dutch Shell lost nearly $1 billion through theft and various disruptions to its Nigerian oil and...

Boeing Co (BA.N) is in discussions with Indian airlines Jet Airways (JET.NS) and Air India AIN.UL about the sale of its 737 MAX jets, one of the aircraft manufacturer's senior sales executives said on Thursday. Speaking to Reuters at an...

J.C. Penney Co Inc (JCP.N) is about to undo the centerpiece of former Chief Executive Officer Ron Johnson's failed vision to take the retailer upmarket. On Thursday, the department store chain is relaunching its home goods sections. It has brought...

Central bank governor alleged $20 bln oil fraud * President suspended governor on unrelated charges * Several previous audits, graft probes ignored Nigeria's president has authorised a forensic audit of the national energy company, the presidency said on Wednesday, after weeks of...

A dizzying fall in copper to a near four-year low compounded increasing concern in China over its economic slowdown on Wednesday to send a wave of unease sweeping through world markets. World shares fell for fourth day, but it was...

Indian budget airline SpiceJet Ltd (SPJT.BO) has signed a deal with Boeing Co (BA.N) to buy 42 737 MAX jets in a deal worth $4.4 billion at list prices, the company said on Wednesday, sending its shares up more...

....Says No Plan to Increase Fuel Prices BEVERLY HILLS, March 11, (THEWILL) – The Federal Government said on Tuesday that it has not totally ruled out the plan to privatise the nation’s four refineries. Minister of Petroleum Resources, Diezani Allison Madueke...

BEVERLY HILLS, March 11, (THEWILL) – All is set for the inaugural summit of the Africa Finance Corporation (AFC) scheduled to address the scale of Africa's infrastructure requirements and investment deficit. The World Bank estimates Africa's infrastructure deficit at US$38...

IBM WORKERS PROTEST AT AN IBM FACTORY IN SHENZHEN, GUANGDONG PROVINCE, MARCH 7, 2014. Chinese PC maker Lenovo Group Ltd said it was up to IBM to resolve a wildcat strike at a China-based factory, as a deal to buy...

Several U.S. institutional investors said they are closely monitoring the developments at Pimco, the world's largest bond firm, in the wake of Mohamed El-Erian's abrupt resignation as CEO and ensuing acrimony between him and co-founder Bill Gross. The investors, including...