Business

China Data Boosts Asian Shares, Nikkei Sprints On Olympics

Upbeat Chinese trade and inflation data lifted Chinese shares to three-month highs and boosted regional shares on Monday, while Japanese shares rallied and the yen dropped after Tokyo won its bid to host the 2020 Summer Olympics. The dollar licked...

Futures Flat As Investors Look To Labor Market Data

U.S. stock index futures were little changed Thursday, as investors were reluctant to make big bets following steep gains in the previous session, and ahead of data that could provide a clue on the timing of changes to monetary...

Nigeria Warns Oil Block Buyers Could Lose Operating Rights

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Nigeria's state oil company warned investors interested in three shallow water oil blocks offered for sale by Chevron (CVX.N) that buyers may lose the right to operate them. U.S.-based Chevron is selling minority stakes in joint ventures that operate five...

AT&T, America Movil, Sawiris Sound Out Telecom Italia: Source

Egyptian tycoon Naguib Sawiris, AT&T and America Movil have made contact with the core Telecom Italia investors who want to sell their shares in the Italian group, a source close to the situation said. The three have not expressed a...

ECB Holds Rates, Draghi’s Guidance Under Market Microscope

The European Central Bank left interest rates unchanged on Thursday, and markets turned their attention to ECB chief Mario Draghi's news conference for any signs a euro zone recovery will affect the bank's policy stance. Abandoning its tradition of never...

Bank Of England Holds Fire At September Meeting

The Bank of England announced no changes to interest rates or its bond-buying program and made no further statement on its policy on Thursday. The BoE had been expected to take a breather following a hectic couple of months under...

Dangote Signs $3.3bn Loan Deal To Build Africa’s Biggest Oil Refinery, Petrochemical Fertilizer Plant

SAN FRANCISCO, September 04, (THEWILL) – Dangote Industries Limited will today sign a loan agreement with a consortium of both local and international banks to the tune of $3.3billion for the purpose of constructing the biggest Petroleum Oil Refinery...

Microsoft Says Most Xbox One Pre-Order Supply Sold Out

Retail stores in many markets have run out of Microsoft Corp's Xbox One consoles available for pre-orders, a senior company executive said, ahead of a major clash with Sony Corp's new lower-priced Playstation 4 this November. Microsoft's first new gaming...

Dollar General Results Beat As Customers Flock To Stores

Value retailer Dollar General Corp (DG.N) reported second-quarter results that beat analysts' estimates as efforts such as selling more groceries and brand-name products attracted customers to its stores. Dollar General also reaffirmed its full-year profit outlook of $3.15-$3.22 per share....

Futures Flat As Syria Concerns Return To Market

U.S. stock index futures were little changed Wednesday as a Western military strike against Syria appeared more likely, though a decision over it remained several days away. The odds for military action had appeared to ebb over the weekend after...