Business

Anglo-Dutch oil company Royal Dutch Shell (RDSa.L) plans to sell assets, cut spending and freeze a controversial Arctic drilling program to improve returns after a major profit warning. Just a month into his new job as chief executive of the...

Google and EU regulators are close to settling a three-year antitrust investigation into the company's suspected anti-competitive behaviour after it offered improved concessions to allay competition concerns, two sources said on Thursday. A settlement under the European Commission's antitrust rules...

Chrysler Group LLC, which is owned by Fiat SpA (FIA.MI), on Wednesday said its revenue would rise 11 percent to about $80 billion in 2014. The American automaker that went through bankruptcy in 2009 and came out managed by Fiat,...

Deutsche Bank, the world's biggest foreign exchange dealer, keeps its involvement in currency fixings processes under constant review, it said on Wednesday. Royal Bank of Scotland (RBS.L) told customers on Tuesday it would stop accepting client orders for a number...

U.S. retailer Wal-Mart Stores Inc (WMT.N) said on Wednesday it will upgrade its vendor compliance process in China, requiring more documentation and making use of a computer-based system to help suppliers manage associated paperwork. The announcement came after state-owned China...

Ford Motor Co (F.N) will recall 13,493 imported Edge SUVs in China on a possible fuel system leak that could lead to a fire, China's quality watchdog said. The 2.0-litre SUVs, produced between September 2, 2010 and April 25, 2013,...

PHILLIPS ODUOZA, UBA GMD   BEVERLY HILLS, CA, January 28, (THEWILL) – United Bank for Africa Plc (UBA) has extended US$700 million (N113 billion) in funding to different investors towards the acquisition of power assets in Nigeria’s recently privatized power sector....

Wall Street edged modestly higher on Tuesday after a three-session decline on the S&P 500, but market sentiment was weighed by an unexpected drop in durable good orders in December and disappointing iPhone sales at tech giant Apple. REUTERS

Lower-than-expected holiday iPhone sales and a weak revenue forecast by Apple Inc renewed fears about Chinese demand and a tepid global market, wiping 8 percent off company stock. This year was to have been Apple Inc's watershed moment in China,...

U.S. single-family home prices in November rose slightly more than expected from the previous month, while their increase from a year ago was the biggest in almost eight years, a closely watched survey said on Tuesday. The S&P/Case Shiller composite...