Business

Australia's biggest phone company Telstra Corp. is in advanced talks with a U.S. private equity firm over the sale of its Sensis directories business for as much as A$3 billion ($2.7 bln), local media reported on Saturday. The Melbourne-based telco...

The Nigerian sugar market has an estimated potential of 1.7 million tons, according to the United States Development of Agriculture (USDA). Data obtained from the National Sugar Development Council (NSDC) reveals that the country’s sugar consumption in 2012 was...

Ivory Coast Prime Minister Daniel Kablan Duncan said his nation will boost oil production within five years to 200,000 barrels a day, rivaling neighboring Ghana as stability returns to a country racked by a decade of turmoil. The West African...

China's export growth slowed more than expected in December due to a higher comparison base a year earlier and a clamp-down on speculative activities disguised as export deals, missing the official target on foreign trade. But the outlook for 2014...

Fiat (FIA.MI) could use a mandatory convertible bond as a way of financing investments after its $4.35 billion deal to buy the rest of Chrysler, the Italian carmaker's chief executive said in an interview with Italian newspaper La Repubblica. "A...

The number of Americans filing new claims for unemployment benefits last week fell slightly more than expected, pointing to an economy that was continuing to gain steam. Initial claims for state unemployment benefits declined 15,000 to a seasonally adjusted 330,000,...

U.S. banks and housing groups are bracing for paperwork headaches and delays as major post-crisis mortgage reforms take effect later this week, but experts say prior warnings of a blow to the housing recovery will not be proven right. On...

U.S. stocks rose at the open on Thursday in the wake of upbeat labor market data and as Macy's lifted the bar further for retailers after a stellar holiday season. The number of Americans filing new claims for unemployment benefits...

China's annual consumer inflation slowed more sharply than expected to a seven-month low of 2.5 percent in December, easing market fears of monetary policy tightening although the central bank is tapping the brakes on bank liquidity. Rising money market rates...

Apple Inc and Samsung Electronics have agreed to attend a mediation session to be held on or before February 19, as they prepare to clash in court in March over smartphone patents. Apple CEO Tim Cook and Samsung CEO Oh-Hyun...