Business

German Unemployment Edges Up In August, But Job Market Solid

Slightly more people were out of work in Germany in August than a month ago due in part to a summer lull, but the unemployment rate stayed near its lowest since the country reunified more than two decades ago,...

Oil Off Highs, Shares Up On Likely Delay In Syria Action

Signs of delay in expected Western military strikes on Syria ended a three-day sell off on world share markets on Thursday, but investors were on edge over whether any action would trigger turmoil across the Middle East. European stocks led...

Zurich Chairman Ackermann Resigns Over Suicide Of CFO

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Josef Ackermann, the chairman of Zurich Insurance (ZURN.VX) and former Deutsche Bank boss (DBKGn.DE), resigned on Thursday over the apparent suicide of the insurer's chief financial officer, further roiling the top ranks of the firm. Ackermann said the family of...

Vodafone In Talks With Verizon To Sell Out Of U.S. Venture

Vodafone Group PLC (VOD.L) said on Thursday it was in talks with Verizon Communications Inc (VZ.N) to sell its 45 percent stake in their U.S. joint venture Verizon Wireless for what a Bloomberg report said would be about $130...

Chinese Shoppers Set To Become World Leaders Online

China's e-commerce market is expected to leapfrog that of the United States this year to become the world's largest by total customer spending, management consultancy firm Bain & Company says, and could account for half of all Chinese retail...

Energy Buoys Wall Street After Selloff, Syria Eyed

Energy shares buoyed Wall Street on Wednesday as oil prices jumped after the United States and its allies appeared ready to attack Syria, raising concerns over global oil supplies. Selling pressure abated on equities following stocks' worst day since June...

Lira, Rupee At Forefront As Syria Tension Pounds Emerging Assets

Emerging stocks, bonds and currencies took another hammering on Wednesday as mounting expectations of Western action against Syria pushed up oil prices and drove investors to seek shelter in dollar assets. The United States and its allies appeared to be...

Swiss Give Nod To Possible Tax Deal With The U.S.

Switzerland has given the go-ahead to finalize a joint statement with the United States that it hopes will bring to an end a long, costly dispute over Swiss banks that have sheltered U.S. tax evaders. The government said on Wednesday...

FBN Holdings Reports 7.7% Rise In Gross Earnings (N194.9B) For First half Of Year

SAN FRANCISCO, August 28, (THEWILL) – FBN Holdings Plc Tuesday reported its unaudited IFRS compliant results for the first half of the year which ended in June. The highlights of the Profit and loss of the publicly listed company are...

Wal-Mart To Cover U.S. Workers’ Domestic Partners In 2014

Wal-Mart Stores Inc said on Tuesday it will offer health insurance benefits to domestic partners of its U.S. employees starting next year. The world's largest retailer, based in Bentonville, Arkansas, also plans to begin to offer vision care to its...