Business
Exclusive: Siemens To Keep Most Underperforming Divisions – Source
German industrial firm Siemens (SIEGn.DE) plans to keep most of its 13 underperforming businesses for now and will try to sell a handful of...
FG Pays 500bn Naira To Oil Marketers In Five Months
The Federal Ministry of Finance says it has paid the sum of N156 billion to oil marketers.
This is according to a statement by the...
Shell Pushes On With Arctic Exploration As It Awaits U.S. Permit
Royal Dutch Shell is pushing ahead with plans to explore for oil in the Arctic Ocean near Alaska this summer despite opposition from environmental...
Nokia’s Network Profits Drop, Raise Concerns Over Alcatel Deal
Finland's Nokia (NOK1V.HE) reported quarterly profits well below market forecasts at its telecom network equipment business, sending its stock tumbling 9 percent and raising...
Microsoft Targets $20 Billion In Annual Cloud Revenue By 2018
Microsoft Corp is targeting $20 billion in annual revenue from its cloud-computing businesses by the end of fiscal 2018, Chief Executive Satya Nadella said...
FG To Pay Outstanding Allowances To Petroleum Marketers In 24 Hours
It appears the long wait at fuel stations may soon be reversed as the Federal Government says it will be paying petroleum marketers the...
Mastercard Profit Rises On Lower Tax Expense
MasterCard Inc (MA.N), the world's No. 2 debit and credit card company, reported a 17 percent rise in quarterly profit as people spent more...
Barclays Takes Extra $1.2 Billion Hit For Potential Forex Settlements
Barclays (BARC.L) set aside another 800 million pounds ($1.2 billion) on Wednesday to cover potential settlements for alleged foreign exchange manipulation, hitting profits and...
China Agrees $2-Billion Infrastructure Deal With Equatorial Guinea
China's biggest lender by assets, Industrial and Commercial Bank of China, said on Wednesday it had signed an infrastructure pact worth $2 billion with...
Alibaba’s Ma Says Freezing Hiring After Growing ‘Too Quickly’: Report
Chinese e-commerce giant Alibaba Group Holding Ltd is freezing hiring for the rest of the year because it has grown "too quickly", Executive Chairman...
