Business

...As marketers blame scarcity on stranded ships on nation’s waterways BEVERLY HILLS, March 01, (THEWILL) – Officials of Department of Resource (DPR) weekend warned filling stations operating in Warri, Delta State not to hoard fuel. They were also warned not...

Uniqlo parent Fast Retailing Co Ltd (9983.T) and South Korean fashion conglomerate E.Land Group are separately exploring a deal for large U.S. apparel chain J.Crew Group Inc, people familiar with the matter said. J.Crew, which was taken private by TPG...

The World Bank has postponed a $90m (£54m) loan to Uganda over its tough new anti-gay law that has drawn criticism from around the world. World Bank officials said they wanted to guarantee the projects the loan was destined to...

European stocks reversed course and fell on Friday, and the euro rose to its highest level this year after an unchanged reading of euro zone inflation cooled growing expectations the European Central Bank could ease monetary policy as early...

The U.S. government is set to slash its estimate of fourth-quarter growth as exports and restocking by businesses were less robust than previously thought, leaving the economy on a more familiar path of modest expansion. Gross domestic product growth will...

Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system. The...

Euro zone inflation stabilized in the European Central Bank's "danger zone" in February but did not fall as expected, making it less likely the ECB will loosen monetary policy further at its monthly meeting next week. European Union statistics office...

SAN FRANCISCO, February 27, (THEWILL) - The NNPC has decried what it termed as an orchestrated campaign of calumny to tarnish its reputation by some unscrupulous elements. This is contained in a statement issued in Abuja on Thursday by Dr...

Italy's Versace said on Thursday it had signed an agreement with Blackstone that will see the U.S. private equity firm take a 20 percent stake in the fashion house in a deal valuing the group at one billion euros...

Royal Bank of Scotland (RBS.L) launched a campaign to transform itself from pariah to trusted British lender by slashing costs and repositioning itself as a UK-focused retail and commercial bank. New chief executive Ross McEwan is under pressure to restore...