Business

China Must Accelerate Reforms, Not Rely On Fiscal And Monetary Policy To Drive Growth: World Bank

China needs to accelerate reforms and not rely solely on monetary and fiscal policy to drive growth, a top World Bank official said on Tuesday. "I would recommend not really relying more on their macro policy, specifically on the monetary...

Uduaghan Signs Bill On Micro Credit Into Law

… Says Delta To Export Fish SAN FRANCISCO, October 20, (THEWILL) – Delta State Governor, Dr. Emmanuel Uduaghan Monday signed into law, The Delta State Micro, Small and Medium Enterprises Development Agency Bill to consolidate the state's micro credit activities...

Futures Jump On Fed Speculation, Results

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U.S. stock index futures jumped on Friday following a batch of solid earnings reports and on hopes the Federal Reserve might slow the wind-down of its stimulus in light of recent weakness in global demand. The S&P 500 .SPX and...

Morgan Stanley Profit Jumps 87 Percent As Trading Activity Rebounds

Morgan Stanley (MS.N) reported an 87 percent rise in third-quarter earnings on Friday as the Wall Street bank's trading, investment banking and wealth management businesses benefited from increased client activity and a hot equity market. Morgan Stanley's shares rose 4...

Google’s Revenue Falls Short Despite Curbing Price Declines

Google Inc's revenue fell short of Wall Street's expectations as growth in Internet advertising slowed in the most-recent quarter, offsetting a modest improvement in ad pricing, sending its shares down about 3 percent. The total number of ads, or paid...

Apple’s New iPads Sport Modest Upgrades But Short On ‘Wow’

Apple Inc's (AAPL.O) faster, slimmer iPads come with modest improvements, such as a fingerprint sensor, but some analysts say it offers few other features to wow consumers ahead of a holiday shopping season expected to be swamped by mobile...

Nigeria: USAID, GuarantCo, Standard Chartered Inject Fresh $90m Into Power Sector

SAN FRANCISCO, October 14, (THEWILL) – The U.S. Agency for International Development (USAID), GuarantCo and Standard Chartered Bank announced Tuesday an agreement to make available $90 million in new private sector financing for the power sector in Nigeria. A loan...

The Global Business Of Secondhand Clothes Thrives In Kenya

Shaded by ragged squares of canvas, amid choking dust and the noise of hawkers, shoppers in Nairobi's Gikomba market can turn up Tommy Hilfiger jeans or a Burberry jacket for a fraction of the price in London's Regent Street...

Iliad Shares Leap After Failure To Win U.S. Mobile Prize

Relieved investors sent shares in French low-cost telecom operator Iliad (ILD.PA) up 11 percent on Tuesday after it abandoned an effort to buy the fourth-largest U.S. carrier T-Mobile. Backed by billionaire founder Xavier Niel, Iliad made an initial bid worth...

IEA Revises World Oil Demand Growth Sharply Lower

The world will see much weaker oil demand growth in 2015 than forecast previously, the International Energy Agency said on Tuesday, adding that oil prices may drop further. "Recent price drops appear both supply and demand driven. Further oil price...
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Tinubu Doesn’t Live Large — NRS Boss Fires Back At Critics, Says President Walks To Work, Eats Once Daily, Debunks $279m Fraud Allegation

Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
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