Business

The $35 billion merger of U.S.-based Omnicom and France's Publicis collapsed on Friday after a battle for control destroyed plans to create the world's largest advertising agency. The deal, heralded in July as a merger of equals that would enable...

L-R VICE PRESIDENT - AFRICA, SKYPOWER GLOBAL, BENOIT FORTIN, CHARLES EMETULU, GOVERNOR EMMANUEL UDUAGHAN AND NIGERIAN MINISTER OF INDUSTRY, TRADE AND INVESTMENT - OLUSEGUN AGANGA, SHORTLY AFTER SIGNING THE MEMORANDUM FOR THE GENERATION OF 100MW OF ELECTRICITY IN DELTA...

China is confident about expanding its economy by around 7.5 percent this year, Premier Li Keqiang was quoted by the official Xinhua news agency as saying on Thursday, in line with the government's growth target. The remarks from Li, who...

Apple Inc's head of North America sales, Zane Rowe, will leave the company and will be replaced by Doug Beck, who oversees sales in Japan and Korea. "Doug Beck has done a great job helping to grow Apple's business in...

Billionaire brothers Thomas and Raymond Kwok, co-chairmen of Asia's largest developer, Sun Hung Kai Properties Ltd, pleaded not guilty on Thursday in Hong Kong's biggest corruption case since the anti-graft agency was formed 40 years ago. The case has thrown...

Part-way through Alibaba Group Holding Ltd's long-awaited IPO prospectus was a subtle, but striking, warning: investors should know that lead founder and executive chairman Jack Ma might work against the company's best interests. The acknowledgement, on page 42 of a...

Amid cheers from the shareholders for a good outing in the year 2013, Chairman of Dangote Cement Plc, Aliko Dangote, has pledged that his company would intensify direct-to-consumer deliveries as a means of stabilising the price of cement in...

Pfizer (PFE.N) sought to allay fears that its proposed $106 billion takeover of AstraZeneca (AZN.L) would deal a blow to drug research, saying the new company would bolster innovative science and speed the development of new treatments. The deal would...

HSBC's (HSBA.L) first quarter profits fell 20 percent from a year ago to $6.8 billion as revenue dipped at its investment bank, while last year's earnings were swelled by asset sales. HSBC, which is Europe's biggest bank but makes most...

Hewlett-Packard Co said it plans to invest more than $1 billion over the next two years to develop and offer cloud-computing products and services. The company said it will make its OpenStack-based public cloud services available in 20 data centers...