Business

Facebook Shares Recover As Investors Shrug Off Falling Usage

Facebook Inc shares steadied on Thursday after wobbling in the wake of post-earnings comments by company executives about slowing use and a strategy of not increasing the frequency of ads shown to users. Facebook shares breached the $50 mark in...

Stock Futures Dip As Fed Remarks Digested; Facebook Gains

U.S. stock index futures edged lower on Thursday, suggesting the market's rally may have run out of steam, as investors digested recent comments from the Federal Reserve. The central bank said Wednesday it had a weaker growth outlook for the...

Sony Slashes Profit Outlook With TV Business Back In Red

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Sony Corp cut its full-year profit targets after slipping to a quarterly net loss as its recovering TV operation relapsed into the red. The Japanese electronics maker's worse-than-expected performance, a setback after years of striving to return to its former...

BOJ Raises GDP Forecast, Holds Line On Inflation

The Bank of Japan stopped short of officially forecasting it could raise inflation to 2 percent in two years after a review on Thursday, but said it was on track to reach its target and would maintain its massive...

Total Profit Falls As European Refining Hurts

BEVERLY HILLS, CA, October 31, (THEWILL) – French oil company Total (TOTF.PA) reported a 19 percent drop in third-quarter adjusted net profits to 2.7 billion euros ($3.72 billion) on Thursday, hit by low refining margins in Europe and higher...

UBA Holds Corporate Governance Training For Board Members With Euromoney

CORPORATE GOVERNANCE TRAINING: FACILITATOR AND CEO GLOBAL GOVERNANCE LIMITED, MR. CHRIS PIERCE, FLANKED BY MEMBERS OF THE BOARD OF DIRECTORS OF UNITED BANK FOR AFRICA PLC, DURING THE CORPORATE GOVERNANCE TRAINING, ORGANISED BY UBA ACADEMY IN CONJUNCTION WITH EUROMONEY,...

Asian Shares Creep Ahead, Count On Fed Being Benign

Asian share markets took heart from record highs in U.S. stocks on Wednesday as investors wagered the Federal Reserve would rock no boats at its policy meeting and leave stimulus in place for the next few months at least. Japan's...

Analysis: Global Liquidity Swell To Spill Into 2014

After a bone-dry summer, world markets seem awash with cash again and it looks like spilling into 2014. Even though the U.S. Federal Reserve has kept its $85 billion-a-month of bond buying constant throughout, fevered speculation surrounding its easy money...

China Official PMI Seen Hitting 18-Month High In October

China's manufacturing activity in October likely grew at its fastest rate since April 2012, a Reuters poll showed, adding to signs of a stabilization in the world's No.2 economy as the government readies a series of key economic reforms. The...

Fed To Maintain Agressive Policy Stimulus Amid Soft Data

The Federal Reserve is expected to maintain its massive bond-buying campaign when it concludes a two-day meeting on Wednesday and may point to softer readings on the U.S. economy to signal that the policy will be extended into 2014. The...