Business

BEVERLY HILLS, CA, May 26, (THEWILL) – For misrepresenting its orders on the planned probe of the Nigerian National Petroleum Corporation (NNPC) and the Petroleum Resources Minister, Diezani Alison-Madueke, over alleged $10 billion spent on chartering private jet, a...

Standard Chartered (STAN.L) is set to close its Swiss private bank in Geneva, broadcaster Radio Television Suisse (RTS) reported on Monday. The Asia-focused bank said in February it was looking to sell the Swiss private bank as part of a...

India will move to recover bank guarantees from an aborted 560-million-euro helicopter deal with Italy's Finmeccanica (SIFI.MI), the defense ministry said, after an Italian court lifted a freeze on 228 million euros held with European banks. New Delhi scrapped the...

Italian assets surged and German shares hit all-time highs on Monday as solid election showings by pro-European forces in both countries provided an antidote to Eurosceptic gains in France, the UK and Greece. Though nationalists scored stunning victories in a...

The government in the Iraqi autonomous region of Kurdistan says it has made its first sale of crude oil despite strong opposition from Baghdad. The oil was piped to the Turkish port of Ceyhan, the Kurdish authorities said in a...

Euro zone banks need to be strong enough to support a pick up in credit demand to keep the euro zone recovery going, European Central Bank Executive Board member Yves Mersch said on Saturday. Tougher regulatory standards and a stronger...

The Dangote Sugar Refinery plan to produce about 2 million tonnes of sugar per annum from locally grown sugar cane within the next 10 years, the company’s Chairman, Alhaji Aliko Dangote, said at the company’s 8th Annual General Meeting...

EBay Inc initially believed that its customers' data was safe as forensic investigators reviewed a network security breach discovered in early May and made public this week, a senior executive told Reuters on Friday. EBay has come under fire over...

Nigeria's Skye Bank is in the process of securing $104 mln in Tier II capital from two European development financial institutions by July and plans to launch a share sale before the end of the year, the lender said...

Sen. Sherrod Brown, a Democrat from Ohio, and Goldman Sachs Group Inc. President Gary Cohn, who's from Cleveland, are friendly enough that Brown has been known to rib Cohn for abandoning the Cleveland Indians baseball team in favor of...