Business

BEVERLY HILLS, February 04, (THEWILL) – Guaranty Trust Bank plc (GTBank), one of Nigeria’s most capitalized banks has acquired a 70% stake in Fina Bank Group following regulatory approvals in three East African countries – Kenya, Rwanda, Uganda and...

Facebook Inc. reached a key milestone last quarter when more than half of its advertising revenue came from mobile devices. The stock rose as much as 16 percent to $62.30 in New York on Thursday. The surge followed quarterly results...

World shares slumped to a near four-month low on Tuesday as signs the U.S. economy was stuttering compounded already frayed nerves following a sharp sell-off in emerging markets. A weaker-than-expected report on U.S. factory activity hurt global equity markets and...

As Microsoft Corp prepares to unveil insider Satya Nadella as its new chief executive, investors and analysts are weighing how effective the 22-year veteran will be in re-igniting the company's mobile ambitions and satisfying Wall Street's hunger for cash. The...

Toyota Motor Corp (7203.T) raised its operating profit forecast for the financial year by 9 percent to a record 2.4 trillion yen ($23.7 billion) as the yen, which has fallen against the dollar by some 9 percent this financial...

Switzerland's UBS (UBSN.VX) swung to a larger-than-expected fourth-quarter profit on Tuesday and announced higher dividends and bonuses, some reward for bucking trends to shrink its investment bank and reduce riskier activities. Shares were up 3 percent, but the Zurich-based group...

… Moves To Boost Production BEVERLY HILLS, CA, February 03, (THEWILL) – Nigeria’s foremost sugar refinery, Dangote Sugar has demonstrated its resolve to ensure the realization of the national sugar master plan as it takes delivery of farm machinery worth...

Asian shares lost more ground on Monday as strains in emerging markets show little sign of abating, while growing pressure for another policy easing in Europe shoved the euro to 10-week lows. Japan's Nikkei .N225 again led the way with...

Asian manufacturing outside China showed signs of solid expansion in January as order books swelled, but factories in the region's giant struggled for growth, heightening concerns about an economic slowdown. China's service-sector growth also slowed down - to a five-year...

The clock is ticking for the European Union's antitrust czar, whose extensive powers put him in the front line of battles with some of the titans of the global economy. European Competition Commissioner Joaquin Almunia aims to take landmark decisions...