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Uber Receives Nearly $2 Billion Investment From Chinese Firms

Uber Technologies Inc said on Wednesday it has received almost $2 billion in funding from Chinese investors, some as part of a recent fundraising...

Citibank Cancels Loan Facility To South African Airways

SAN FRANCISCO, January 12, (THEWILL) – Citibank has cancelled a 250 million rand ($15m) loan facility to state-owned South African Airways (SAA). “We are aware...

Nigeria Says Couple Of OPEC Members Have Requested Emergency Meeting

Nigeria's oil minister said on Tuesday that a "couple" of members of the Organization of the Petroleum Exporting Countries (OPEC) had requested an emergency...

Oil Trading Volatile On Oversupply Concerns

Oil prices have been volatile again, hit by continuing oversupply, the strong dollar and weak global demand. Some members of the Opec group of oil...

World Bank Projects 4.6% Economy Growth For Nigeria In 2016

SAN FRANCISCO, January 12, (THEWILL) – The January 2016 Global Economic Prospects released by the World Bank has forecast that Nigeria’s economic growth index...

Naira Closes N282 After CBN Stops FX Sales To BDCs

BEVERLY HILLS, January 11, (THEWILL) – The Naira on Monday depreciated significantly against the Dollar after the Central Bank of Nigeria (CBN) stopped foreign...

After Dreadful Week, Stocks Look For Reason To Bounce

Investors who were bloodied in the year-opening stock rout will be hard pressed to find any salve next week. With prospects dimming for a strong...

Pfizer Hikes U.S. Prices For Over 100 Drugs On January 1

Pfizer Inc (PFE.N), which plans a $160-billion merger with Ireland-based Allergan Plc (AGN.N) to slash its U.S. tax bill, on Jan. 1 raised U.S....

GM Europe Operations Still Loss-Making In 2015: CEO In Magazine

The European division of General Motors (GM.N) was still loss-making in 2015, but hopes to return to profit this year, the division's chief executive...

Exclusive: With Luxury Acura Makeover, Honda Aims For Brand Survival, China Revival

As part of a broader makeover, and even the survival, of its stalled luxury Acura brand, Japan's Honda Motor Co (7267.T) will launch a...