Business

Alibaba Group Holding Ltd may be making its debut on Wall Street later this summer, but it's certainly no stranger to the investors of Silicon Valley. In the past 18 months, the Chinese e-commerce giant has burrowed its way into...

U.S. economic growth is set to rebound strongly in the second quarter as the scars of a brutally cold winter fade, but inflation pressures will remain tame through 2015, according to the Organization for Economic Cooperation and Development. In its...

Merck & Co Inc has agreed to sell its consumer care business to Germany's Bayer AG for $14.2 billion, the companies said on Tuesday, adding to a string of major cross-border healthcare deals. "This acquisition marks a major milestone on...

Barclays (BARC.L) said a collapse in investment bank revenue hit first quarter profits and was still hurting income in April as the British bank works on an overhaul of the flagging business, expected to be announced later this week. Income...

The dollar fell to a 6-1/2 month low on Tuesday despite signs the U.S. economy is emerging from a particularly harsh winter-induced slowdown. It was hurt by U.S. bond yields struggling to pull away from their recent troughs, suggesting there...

... As House Failure To Appear Stalls Proceedings BEVERLY HILLS, CA, May 05, (THEWILL) – The Federal High Court sitting in Abuja has again been forced to adjourn till May 26 hearing in suit brought by the Petroleum Resources Minister...

SAN FRANCISCO, May 05, (THEWILL) – Cross River State, Nigeria’s second-largest cocoa grower, said it will sell five government-owned farms in a bid to boost production of the commodity with private investment. Prospective investors have until May 19 to bid...

China has temporarily banned imports of British cheese after the country's food inspectors complained about hygiene standards at an unnamed UK dairy. The Chinese officials were reportedly dissatisfied with its maintenance and storage, raw milk transport temperatures and air sanitisation. However,...

European stocks slipped in thin trade on Monday after soft Chinese manufacturing data, while simmering tensions in Ukraine underpinned safe-haven government bonds and gold. Portuguese bond yields edged to eight-year lows after Lisbon said on Sunday the country would make...

Norway picked Citigroup (C.N) over rival U.S. bank JPMorgan Chase & Co Inc (JPM.N) as custodian of its sovereign oil wealth fund, the world's biggest at $865 billion, the Financial Times reported on Sunday. Officials at the banks were not...