Business

Sterling surged on Friday after the Bank of England hinted at an interest rate rise this year, while escalating violence in Iraq drove oil to a nine-month high and dampened equity markets. European shares .FTEU3 were still on course for...

Executives from German carmaker BMW and U.S.-based Tesla Motors Inc met this week in a move which could lead to the creation of charging stations usable for different types of electric cars. BMW and electric carmaker Tesla are seeking ways...

European shares held steady near 6-1/2-month highs on Thursday, with gains limited by concerns over the pace of global growth, while oil prices hit a three-month peak on escalating violence in Iraq. A cut in the World Bank's global growth...

A federal judge on Wednesday said he would consider dismissing a U.S. Department of Justice lawsuit accusing Bank of America Corp of civil fraud in the sale of mortgage securities that soured during the global financial crisis. While not issuing...

U.S. chipmaker Intel (INTC.O) lost on Thursday its challenge against a record 1.06-billion-euro ($1.44 billion) fine handed down by European Union antitrust regulators five years ago for blocking rival Advanced Micro Devices (AMD.N). The European Commission in its 2009 decision...

SAN FRANCISCO, June 11, (THEWILL) – Members countries of the Organization of the Petroleum Exporting Countries (OPEC) at its meeting in Vienna, Austria, Wednesday agreed to maintain the cartel’s current official production quota of 30 million barrels per day despite...

Japanese airbag maker Takata Corp's safety crisis deepened on Wednesday after the world's biggest carmaker Toyota Motor Corp recalled 650,000 more vehicles in Japan, and the supplier cautioned further fixes may be needed. The latest recall brought to 6.5 million...

The European Commission said on Wednesday it had opened three in-depth investigations into tax decisions affecting Apple, Starbucks and Fiat Finance and Trade in Ireland, the Netherlands and Luxembourg respectively. The probes focus on whether decisions by authorities in the...

Alibaba Group Holding Ltd will fully acquire mobile browser firm UCWeb in the biggest merger in Chinese internet history, upping the stakes in its battle with arch-rivals Tencent and Baidu. Alibaba's purchase of the one-third of UCWeb it didn't...

BEVERLY HILLS, CA, June 10, (THEWILL) - The bid by Lafarge Cement WAPCO to stop the Standard Organisation of Nigeria (SON) from enforcing the newly-introduced cement grade, was Tuesday, turned down by a Federal High Court. Presiding Judge, Justice Ahmed Mohammed,...