Business

Unless the U.S. Congress settles a political showdown to raise the country's debt ceiling in coming weeks, it will be left on the edge of an unprecedented default. But America's main creditors in Asia may be the least of...

The European Central Bank's (ECB) plan to test the health of the euro zone's largest lenders without the means to plug any holes it uncovers risks foiling what some see as the bloc's final chance to put its financial...

Alibaba Group Holding Ltd founder Jack Ma wants to keep a tight grip on the Chinese e-commerce company he founded even after he takes it public, and U.S. law gives him several ways to do so. The company had planned...

BlackBerry Ltd reported a quarterly loss of nearly $1 billion on Friday, in line with last week's warning, days after accepting its largest shareholder's tentative $4.7 billion bid to take it out of the public eye. BlackBerry, which had warned...

SAN FRANCISCO, September 26, (THEWILL) –  The Group Managing Director of the United Bank for Africa (UBA) Plc, Mr. Phillips Oduoza, has been named Socially Responsible Investment (SRI) 30 “CEO of the Year” by African Investor; one of the...

World shares were in limbo and the dollar hovered near a 7-1/2 month low on Thursday, as investors eyed the latest battle over the U.S. budget with uncertainty. Tokyo stocks bucked the trend, however, rallying as talk of a corporate...

Barclays Plc will stop offering wealth management services in about 130 countries by 2016 and cut jobs in the unit as part of an effort to rein in costs and boost profit. "This is part of our new strategy, focusing...

Fairfax Financial Holdings Ltd Chief Executive Prem Watsa said on Wednesday he is confident the consortium he leads can find the money to fund its $4.7 billion bid for smartphone maker BlackBerry Ltd. "We wouldn't put our name to such...

South Korea's decision to reject a bid by Boeing (BA.N) to supply 60 warplanes and to re-issue a tender was made in the interests of stealth technology but may not be justified given North Korea's weak air capabilities, experts...

Nissan Motor Corp (7201.T) will recall around 908,900 vehicles globally including 764,800 in Japan due to a flaw in an accelerator sensor that could cause the engine to stall, the Japanese carmaker said on Thursday. No accidents or injuries have...