Business

Hyundai Motor Chief Earned $13

Hyundai Motor Co (005380.KS) chairman Chung Mong-koo earned a combined 14 billion Korean won ($13.09 million) in pay last year from the South Korean automaker and its two key affiliates in their first such disclosure under new rules. Chung, a...

ECB Wrestles With ‘Danger Zone’ Inflation

The European Central Bank's dilemma over barely rising prices seems likely to dominate a week starting with a euro zone inflation estimate and ending with U.S. jobs figures, the monetary policy driver on the other side of the Atlantic. After...

Delta-Virgin Takes Up Battle For New York-London Fliers

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Delta Air Lines (DAL.N) has been making inroads in the dogfight over the lucrative market for business travel between New York and London, but the newly merged American Airlines Group (AAL.O) is fighting back. Delta is hoping to attract customers...

Argentina To Receive $1 Billion Loan From Goldman Sachs: Newspaper

Argentina is closing in on a deal to receive around $1 billion in loans from investment bank Goldman Sachs (GS.N) and is in talks with other international banks about similar deals, local newspaper Pagina/12 reported on Sunday. The paper, which...

Exclusive: GM Crash Victims’ Families Who Settled May Revisit Deals

Two families who settled with General Motors Co over fatal crashes linked to faulty ignition switches are considering trying to overturn the agreements, after the company disclosed it had known about the issue for years. The lawyer of one family...

Apple, Google Lose Bid To Avoid Trial On Tech Worker Lawsuit

A U.S. judge on Friday rejected a request from Apple, Google and two other tech companies to avoid a trial in a class action lawsuit alleging a scheme to drive down wages. Tech workers sued the companies alleging they conspired...

Citigroup Hurt By Negligent Auditing On Failed Stress Test: Financial Times

Weaknesses in auditing led to Citigroup Inc failing the U.S. Federal Reserve capital assessments, fueling fears that there is negligence in controls at the U.S. bank, the Financial Times reported on Friday citing executives and others sources familiar with...

PwC Is Sued For $1 Billion Over MF Global Collapse

The administrator of MF Global Holdings Ltd's bankruptcy plan on Friday sued the auditor PricewaterhouseCoopers for at least $1 billion over its advice on a $6.3 billion European sovereign debt investment that helped fuel the brokerage's rapid demise. According to...

As NEITI Clarifies Report On Crude Swap Arrangement, Nigeria’s TALEVERAS Cautions Media Against Sensationalism And Inaccurate Reporting

BEVERLY HILLS, CA, March 28, (THEWILL) – The management of TALEVERAS has reacted to an erroneous news report in a Nigerian news daily of March 25, 2014, which wrongly published that the Nigerian Extractive Industries Transparency Initiative (NEITI) credited...

Nigeria’s Taleveras, Aiteo Bid $2.85b For Shell Block – Sources

...Shell wants to force a partnership with producer Seplat ...Glencore has dropped out of the race ...Aliko Dangote, Sahara finalising deal on other blocks ...Oil major divestments fraught with pitfalls Nigerian firms Taleveras and Aiteo have made the highest bid of $2.85 billion...
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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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