Business

SAN FRANCISCO, February 27, (THEWILL) - The NNPC has decried what it termed as an orchestrated campaign of calumny to tarnish its reputation by some unscrupulous elements. This is contained in a statement issued in Abuja on Thursday by Dr...

Italy's Versace said on Thursday it had signed an agreement with Blackstone that will see the U.S. private equity firm take a 20 percent stake in the fashion house in a deal valuing the group at one billion euros...

Royal Bank of Scotland (RBS.L) launched a campaign to transform itself from pariah to trusted British lender by slashing costs and repositioning itself as a UK-focused retail and commercial bank. New chief executive Ross McEwan is under pressure to restore...

German unemployment dropped in February to its lowest level in nearly 1-1/2 years, boding well for domestic demand, which the government hopes will help drive growth this year. The number of people out of work in Europe's largest economy decreased...

Greece's international lenders have accepted a lower capital ratio target of 8 percent used to stress-test the country's four big banks under a baseline scenario, a banker close to the negotiations told Reuters on Thursday. Athens had pushed for the...

BEVERLY HILLS, February 26, (THEWILL) - The Nigeria Extractive Industries Transparency Initiative (NEITI) Wednesday alleged that Nigeria National Petroleum Corpooration (NNPC) did not disclose about $22.8 billion dollars in its audited financial statement. Executive Secretary of NEITI, Mrs. Zainab Ahmed,...

Mt. Gox, once the world's biggest bitcoin exchange, abruptly stopped trading on Tuesday and its chief executive said the business was at "a turning point," sparking concerns about the future of the unregulated virtual currency. Several other digital currency exchanges...

British engineering company Rolls-Royce (RR.L) unveiled plans on Wednesday for a new aircraft engine which it said would be up to 6 percent more efficient than its latest model and could be ready by the end of the decade. Rolls,...

Encana Corp (ECA.N) and Chesapeake Energy Corp (CHK.N) are negotiating civil settlements with the state of Michigan to try to end its criminal investigation into whether the energy companies colluded to keep oil and gas lease prices artificially low...

… Says All She Wants Is The Truth SAN FRANCISCO, February 25, (THEWILL) - Nigeria’s Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, has asked President Goodluck Jonathan for an urgent independent forensic audit to determine...