Business

Nestle (NESN.VX) has signed two syndicated loans totalling 10 billion euros ($13.54 billion) which will be used for general corporate purposes, the company said on Tuesday. The deal consisted of two 5 billion euro revolving credits. One of the loans...

Royal Dutch Shell plans to sell its 106,000-acre stake in the Eagle Ford shale formation in South Texas, the Wall Street Journal reported on Sunday. Shell's decision comes after it took a $2.2 billion charge against its U.S. shale business...

New York Attorney General Eric Schneiderman's office said on Monday it had reached settlements with five companies over charges of violating the state's usury and licensed lender laws through the collection of so-called payday loans. New York law limits interest...

Toshiba Corp (6502.T) said on Monday it would cut 50 percent of staff in its loss-making TV unit and cease production at two of its three overseas factories before the end of this fiscal year. Toshiba said it would increase...

As a last-minute deal to resolve spending negotiations in Washington appeared less likely, U.S. stock investors braced for what had previously seemed remote: a shutdown of the U.S. government that could spark a major equity decline. The House of Representatives...

Unless the U.S. Congress settles a political showdown to raise the country's debt ceiling in coming weeks, it will be left on the edge of an unprecedented default. But America's main creditors in Asia may be the least of...

The European Central Bank's (ECB) plan to test the health of the euro zone's largest lenders without the means to plug any holes it uncovers risks foiling what some see as the bloc's final chance to put its financial...

Alibaba Group Holding Ltd founder Jack Ma wants to keep a tight grip on the Chinese e-commerce company he founded even after he takes it public, and U.S. law gives him several ways to do so. The company had planned...

BlackBerry Ltd reported a quarterly loss of nearly $1 billion on Friday, in line with last week's warning, days after accepting its largest shareholder's tentative $4.7 billion bid to take it out of the public eye. BlackBerry, which had warned...

SAN FRANCISCO, September 26, (THEWILL) –  The Group Managing Director of the United Bank for Africa (UBA) Plc, Mr. Phillips Oduoza, has been named Socially Responsible Investment (SRI) 30 “CEO of the Year” by African Investor; one of the...