Business

Germany's Volkswagen (VOWG_p.DE) said group vehicle sales increased 3.8 percent in October on demand from North America and China. Global sales of cars, sport-utility vehicles and vans rose to 818,900 last month from 788,800 the same month a year earlier,...

World stocks rose while major government bond yields fell on Thursday after incoming U.S. Federal Reserve chief Janet Yellen signaled the bank's massive stimulus policy would be needed for some time. In remarks prepared for her nomination hearing before a...

Janet Yellen, President Barack Obama's nominee to lead the U.S. Federal Reserve, will offer a stout defense on Thursday of the central bank's aggressive monetary easing before a Senate panel that includes some tough Republican critics. At a Senate Banking...

French President Francois Hollande (L) German Chancellor Angela Merkel (R) and European Commission President Jose Manuel Barroso leave after a news conference at the end of an international summit France's economic recovery fizzled out in the third quarter of the...

Nigeria's banks are facing a profit squeeze this year as a result of new measures to help the country's economy that are also partly designed to get them to lend more to domestic businesses and consumers. The banking sector, which...

Uncertainty about the timing of a cut in Federal Reserve stimulus and the fine print of economic reforms in China kept global markets under pressure on Wednesday. Emerging Asian currencies and the region's shares took fresh beating overnight in the...

Macy's Inc (M.N) on Wednesday reported higher-than-expected -quarterly sales and earnings, helped by more promotions and advertising, and the department store chain said business had improved as the quarter progressed. Shares of Macy's rose 8.1 percent to $50.08 in premarket...

Starbucks Corp said it would restate fourth-quarter results to show an operating loss of $2.12 billion to reflect damages related to its dispute with Kraft Foods. Starbucks shares were down 1.8 percent at $79.15 in trading before the bell. An arbitrator...

BEVERLY HILLS, CA, November 12, (THEWILL) – Oando Energy Resources(OER), an affiliate company of Oando PLC, focused on oil exploration and production in Nigeria, has expressed confidence in concluding the acquisition of the Nigerian oil and gas business of...

BEVERLY HILLS, CA, November 12, (THEWILL) – FirstBank Limited, a subsidiary of FBN Holdings Plc Monday announced the acquisition of a 100% equity interest in the West African operations of the International Commercial Bank (ICB) located in Ghana, Sierra...