Business

China Inflation Hits 7-Month Low, Eases Tightening Fears

China's annual consumer inflation slowed more sharply than expected to a seven-month low of 2.5 percent in December, easing market fears of monetary policy tightening although the central bank is tapping the brakes on bank liquidity. Rising money market rates...

Apple, Samsung CEOs Agree To Mediation In U.S. Patent Fight

Apple Inc and Samsung Electronics have agreed to attend a mediation session to be held on or before February 19, as they prepare to clash in court in March over smartphone patents. Apple CEO Tim Cook and Samsung CEO Oh-Hyun...

Insight: Underfunded U.S. Homeowner Associations Get Heavy

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INGRID BOAK POSES IN FRONT OF HER NOW-RENTED HOME IN LEXINGTON For six years, Ingrid Boak, who travels a lot for work as a racehorse trainer, ignored mail from her homeowner association. Boak, of Lexington, Kentucky, says the letters were requests...

Panama Canal, Consortium Haggle To Keep Expansion Going

The Panama Canal and a Spanish-led building consortium expanding the major world cargo route are haggling over financing to keep work going amid a cost dispute, raising hopes of a deal. Building consortium Grupo Unidos por el Canal (GUPC), led...

Banks Face New Probe Over Mortgage Bond Trades Post 2008: WSJ

Federal regulators are probing whether several big banks deliberately mispriced mortgage bonds in the years following the financial crisis, the Wall Street Journal reported, citing people close to the inquiry. The new investigation is a potential blow to the banks...

Microsoft Close To Naming CEO, Ford’s Mulally Stays Put

FORD MOTOR CO. CEO ALAN MULALLY Microsoft Corp (MSFT.O) is closer to naming a new chief executive, according to a source familiar with the board's thinking, but it lost a front-runner candidate on Tuesday when Ford Motor Co's (F.N) chief,...

Apple Seeks Removal Of Court-Appointed Antitrust Monitor

Apple Inc is seeking the removal of a lawyer appointed by a court to monitor its antitrust compliance following a ruling last year that the company had conspired to fix e-book prices. An attorney for the consumer technology giant on...

Dangote’s Worth Surges $9.2b In 2013, Records Highest Gain In Africa

SAN FRANCISCO, January 07, 2014, (THEWILL) –  Aliko Dangote, Africa’s richest person and the President of Dangote Group, one of the continent’s largest conglomerates is estimated to have added a whopping $9.2 billion during 2013 outgone year. He remains...

Zenith Bank Closes 2013 As Most Capitalised Banking Stock

In the year 2013, Zenith Bank plc was the banking stock with the highest market capitalisation at the Nigerian Stock Exchange (NSE). Market capitalisation is the product of total number of paid-up shares and current market price. An analysis of...

Asian Shares Falter To Near 4-Month Low, Dollar Regains Strength

Asian shares fell to a near four-month low on Tuesday, though the dollar rebounded after overnight weakness on disappointing U.S. services sector data that raised concerns about stuttering growth in the world's largest economy. MSCI's broadest index of Asia-Pacific shares...
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UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
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