Business

U.S. stocks fell on Tuesday as signs grew of an impending military strike against Syrian President Bashar al-Assad's forces in retaliation for a chemical weapons attack on civilians last week. Western sources who attended a meeting in Istanbul between envoys...

Hedge fund manager William Ackman, the biggest shareholder in J.C. Penney Co Inc, said on Monday he had sold his entire stake after his campaign to overhaul the retailer failed. Ackman's Pershing Square Capital Management sold 39.1 million shares, or...

SAN FRANCISCO, August 26, (THEWILL) - From a loss of N7.9billion in five months ended 31 December 2011, Keystone Bank Limited has posted a Profit-Before-Tax of N2.8billion for the year ended December 31, 2012, the bank said Monday in...

In the 1990s, U.S. banks came up with a clever idea: using life insurance to bet that their employees would eventually die. Now those wagers are coming back to haunt Wall Street banks for reasons that have little to...

Italian shares and bonds fell on Monday after a threat from Silvio Berlusconi's party to bring down the government while a weaker dollar and lower U.S. yields offered some relief to battered emerging markets. The dollar slipped against the yen...

The next CEO of Microsoft Corp has one big decision to make: press on with retiring chief executive Steve Ballmer's ambitious plan to transform the software giant into a broad-based devices and services company, or jettison that idea and...

Greece could return to debt markets to test the water in the second half of 2014 if his country returns to growth in the first half of next year and manages a primary surplus, its finance minister said in...

ABUJA, August 25, (THEWILL) -  The House of Representatives has come hard on banks in Nigeria, accusing some of them of defrauding unsuspecting customers through unprofessional and sharp practices. Chairman of the House Committee on Finance, Hon. Abdulmumin Jibril, who...

Central banks should coordinate to avoid unwanted side effects as they exit from ultra-easy monetary policies that have left the world awash in cheap money, top policymakers were told on Saturday. Opening the second day of an annual monetary symposium...

Stocks inched higher on Friday as trading resumed without interruption a day after the Nasdaq stock exchange suffered an unprecedented, three-hour trading halt. Microsoft (MSFT.O) rose 5.9 percent, giving the Nasdaq composite index its biggest lift, after Microsoft Chief Executive...