Business

China Factory Sector Growth Steady, Other Centers Quicken

Asia's manufacturing-sector expansion held around multi-month highs in November, factory surveys showed, with China maintaining its momentum but growth in other key exporters such as Japan, South Korea and Taiwan picking up speed. Activity in India expanded after three months...

Asian Shares Steady, China PMIs Offer Support

Asian shares and the dollar trod water on Monday, as investors cautiously awaited key U.S. data this week after a decent reading on China manufacturing calmed worries about the health of the world's second-biggest economy. The tepid performance in the...

Stock Futures Edge Higher, On Track For Strong Month

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U.S. stock index futures edged higher on Friday, with investors reluctant to make big bets in an abbreviated session, though major indexes remained on track for their third straight month of strong gains. Trading will likely be anemic, as it...

Price Growth And Jobless Fall Eases Pressure On ECB To Act

A pick-up in inflation this month eases pressure on the European Central Bank to act next week, and the first fall in unemployment in almost three years shows a tentative euro zone recovery is gaining traction. The double dose of...

London Spearheads 11 Percent Jump In Bankers Earning 1 Million Euros

More than 3,500 bankers in Europe earned 1 million euros ($1.4 million) or more last year after a big jump across the continent and in Britain, which had 12 times as many high earners as any other country. Figures from...

Stronger U.S. Data Spurs World Shares, Yen Falls

World shares rose toward six-year highs on Thursday and the yen languished at fresh lows against the euro and dollar after sentiment was boosted by a batch of strong U.S. economic data. The signs of an improving U.S. jobs market...

Analysis: U.S. Sanctions Make Cuba’s Bank Account Too Toxic For Banks

The decision by a New York bank to close Cuba's checking account in the United States has presented an unusual diplomatic quandary that provides a test for new-found pragmatism in relations between the two longtime foes. Cuba announced on Tuesday...

Exclusive: UBS Shrinks Corporate Advisory Team For Rich In Emerging Markets

Swiss lender UBS is scaling back corporate advisory and investment banking services for ultra-rich clients in some key emerging market countries to reduce overlaps with other departments, three sources familiar with the plan said. The bank's Corporate Advisory Group (CAG)...

United Bank For Africa Appoints Ambassador Joe Keshi As Chairman

OUTGOING CHAIRMAN, CHIEF ISRAEL OGBUE (R) CONGRATULATING THE NEW CHAIRMAN, AMBASSADOR JOE KESHI (L) DURING THE MEETING OF THE BOARD OF DIRECTORS OF UNITED BANK FOR AFRICA PLC IN LAGOS.   BEVERLY HILLS, CA, November 27, (THEWILL) – United Bank for...

Turkcell Sues MTN In South Africa For $4.2 Billion In Iran Damages

Turkish mobile phone company Turkcell has taken to a South African court its $4.2 billion lawsuit against rival MTN Group, alleging it was the victim of "corruption and bribery" that caused it to lose a contract in Iran. Turkcell originally...