Browsing: Business & Economy News

At the end of every year, lists of the names of the wealthiest individuals are published in the news. Many…

ABUJA, Nigeria, July 14, 2014/African Press Organization (APO)/ — The Nigerian Export-Import Bank [NEXIM] (http://neximbank.com.ng) has executed a Master Line…

Oil prices edged higher on Wednesday as investors awaited the latest US supply report for clues about demand in the world’s biggest crude consumer. The US benchmark, West Texas Intermediate for delivery in July, gained 63 cents to $103.29 a barrel.…

Britain’s biggest retailer Tesco suffered its largest quarterly drop in sales for four decades, it said on Wednesday, hit by supermarket price wars and the rising popularity of German-owned discounters. Tesco, the world’s third biggest supermarket group…

Europe’s main stock markets fell on Wednesday when caution prevailed on the eve of interest rate decisions in Britain and the eurozone, dealers said. Investors were on edge also ahead of this week’s key non-farm payrolls data in the United States, which…

The newly appointed head of Japan’s top business lobby said Tuesday he wants to play a greater role in helping the country improve its badly frayed relations with China. Sadayuki Sakakibara was formally appointed as chairman of Keidanren — the Japan…

Canada’s economic growth slowed in the first quarter to 0.3 percent, as higher household spending was offset by lower government and business outlays, the government statistical agency said Friday. The figure is less than half the previous quarter’s…

Italy led European stock markets on Monday in a robustly positive reaction to European Parliament elections which put conservatives in a leading position, but also gave anti-EU forces a huge boost in France and Britain. The euro and sterling steadied…

Scandal-hit Barclays has been fined more than £26 million pounds after a former trader at the bank was accused of trying to manipulate the price of gold, Britain’s financial regulator said on Friday. The Financial Conduct Authority said in a statement…

Chinese online retailer JD.com rallied Thursday in its Wall Street debut, suggesting an appetite for its larger rival Alibaba. The company, trading under the symbol JD on the Nasdaq exchange, jumped 10.5 percent to $21 from its initial public offering…

Vodafone’s annual net profit rocketed to £59.25 billion, boosted by the enormous sale of its stake in US joint-venture Verizon Wireless, the British mobile phone giant said on Tuesday. Earnings after taxation surged to the equivalent of $100 billion…

The Philippine economy will more than double in the next decade as earnings from overseas workers and business outsourcing surge, a respected US-based think-tank said Monday. Once the region’s perennial economic laggard, the Southeast Asian country…

European equities fell Thursday as investors digested gloomy eurozone data showing anaemic economic growth for the first quarter of the year. London’s benchmark FTSE 100 index gave up 0.55 percent to close at 6,840.089 points as investors considered…

Spanish oil group Repsol has raised $2.0 billion with the sale of Argentinian government bonds received as payment for the nationalisation of its offshoot YPF, the company said. The sale, worth the equivalent of 1.47 billion euros, means that Repsol…

India’s stock market surged to its second consecutive record high and the rupee rallied on expectations exit polls released later Monday will show the Bharatiya Janata Party (BJP) winning national elections. The country’s mammoth election wraps up on…

Though anti-EU outsiders UKIP might top the polls at the European Parliament elections in Britain, a eurosceptic streak runs through all the mainstream parties they stand against. The United Kingdom Independence Party of Nigel Farage, which is fixed…

Struggling Japanese electronics maker Sharp said Monday it had swung back to profit for the full year to March after two years of huge losses, thanks to stronger sales and cost-cutting. The Osaka-based company booked a 11.56 billion yen ($114 million…

The Dow closed at a fresh record high as US stocks rallied Friday, with investors shrugging off mixed earnings reports and uncertainty over the Russia-Ukraine crisis. The Dow Jones Industrial Average advanced 32.37 points (0.20 percent) to 16,583.34…

Alibaba — often described as a Chinese version of Amazon or eBay — filed documents Tuesday for its US stock listing, widely expected to be one of the largest offerings in history. The initial filing with the US Securities and Exchange Commission indicates…

The European Central Bank is not expected to cut interest rates this week, but could start paving the way for a possible move in June if deflationary dangers persist, analysts said. The ECB has held eurozone borrowing costs at their current all-time…