Business

The European Central Bank cut interest rates to a new record low on Thursday, responding to a slump in inflation, and said it would prime banks with liquidity for longer to prevent the euro zone's recovery from stalling. The euro...

In defying four years of official cooling efforts, China's soaring house prices reveal an uncomfortable truth: government is one of the biggest obstacles to the success of taming the market. State income is so entwined in the need for rising...

The euro tip-toed away from a seven-week low on Wednesday as talk of extending the lifespan of the U.S. Federal Reserve's stimulus helped balance expectations of easing by the ECB in coming months. With uncertainty high about what steps the...

…Customers, distributors, pupils throng subsidiaries’ Stand for free sampling SAN FRANCISCO, November 05, (THEWILL) –  Three days into its commencement, the Pan African conglomerate, the Dangote Group has stamped its presence in a big way at the on-going Lagos International...

Senator Liyel Imoke(Middle) With Speaker And Deputy Speaker SAN FRANCISCO, November 04, (THEWILL) – Cross River State Governor, Senator Liyel Imoke Monday before the House of Assembly presented a budget of N176,310,968,801.07 (One Hundred and Seventy-Six Billion, Three Hundred and...

TORONTO (AP) -- BlackBerry abandoned its sale process on Monday, and announced it will replace its chief executive. Fairfax, BlackBerry's largest shareholder with a 10 percent stake, said it won't buy the struggling smartphone company and take it private but...

Increased prospects of a European Central Bank interest rate cut this year sent the euro to a six-week low on Monday and boosted the region's share markets, which extended gains on robust manufacturing data. A plunge in the currency bloc's...

Chinese police investigating allegations of widespread corrupt practices at GlaxoSmithKline Plc (GSK) are likely to charge some of its Chinese executives but not the British drugmaker itself, legal and industry sources said. A charge against GSK itself would be a...

Europe's rescue fund should only be used in the last instance to help banks shore up their balance sheets, European Central Bank (ECB) Executive Board member Joerg Asmussen said on Monday. A bank's owners and the market should be tapped...

HSBC (HSBA.L) has become the latest major bank to confirm it is helping with a probe into possible manipulation of global currency markets, after reporting a 10 percent rise in quarter profits on Monday, aided by lower costs. HSBC said...