Business

Asian Shares Rise, Dollar On Top Of The Heap

Upbeat Chinese services activity reports helped lift Asian shares on Wednesday, while the dollar was close to 14-month highs against a basket of major currencies after data underscored that the U.S. economy continues to gather gradual momentum. Two surveys showed...

Audi Expects To Sell More Than 1.7 mln Cars In 2014 – CEO

Premium car maker Audi expects to sell more than 1.7 million cars in 2014 even as sales momentum in some emerging markets slows, Chief Executive Rupert Stadler said. Audi, owned by Volkswagen, delivered 1.01 million cars in the first seven...

Shell CEO Says U.S. Should Export Oil To Stabilize Markets

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U.S. policymakers should gradually lift the country's decades-old ban on crude oil exports because allowing the shipments would make the global energy system and fuel prices more stable, the head of Royal Dutch Shell Plc (RDSa.L) said on Tuesday. "Policymakers...

McDonald’s To Boost China Supplier Audits After Food Safety Scandal

McDonald's Corp will increase the number of audits it conducts of suppliers in China, the firm said on Tuesday, after a food scandal in July dented China sales at the U.S. fast food chain and rival Yum Brands Inc. In...

North Korea Tightens Grip On Phone SIM Cards Used By Tourists

In a move that makes it harder for North Koreans to gain illicit access to the global Internet, North Korea now only allows mobile phone SIM cards used by tourists to be active for the duration of their visit,...

Asian Shares Cautiously Push Higher

Asian shares edged higher on Monday, with investors wary of a deepening crisis in Ukraine and a downbeat China manufacturing survey, while the euro touched a fresh one-year low ahead of this week's European Central Bank meeting. Ukrainian President Petro...

China Gives Microsoft 20 Days To Provide Explanation In Anti-Trust Probe

A Chinese anti-trust regulator said on Monday it has given Microsoft Corp (MSFT.O) 20 days to reply to queries on the compatability of its Windows operating system and Office software suite amid a probe into the world's largest software...

Britain’s Barclays To Sell Spanish Assets To Caixabank

Barclays is selling its Spanish retail and corporate banking operations to Caixabank, the two companies said on Sunday, as the British bank starts shrinking its struggling European divisions as part of a major overhaul. Caixabank, Spain's third-biggest lender and one...

Alibaba Aims To Launch Share Sale In Early September: Source

Chinese e-commerce company Alibaba Group Holding Ltd is planning to launch its New York stock market debut in the week of Sept. 8, a person briefed on the matter told Reuters on Saturday. The much-anticipated sale or initial public offering...

Worried EU Leaders Call Jobs, Growth Summit For October 7: Draft

European Union leaders are set to hold an emergency summit on promoting growth and jobs on Oct. 7 at the suggestion of Italy, according to a draft of a statement to be issued after an EU summit on Saturday. Previous...
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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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