Friday, March 27, 2015
Facebook is trying to mold its Messenger app into a more versatile communications channel as smartphones create new ways for people to connect with friends and businesses beyond the walls of the company's ubiquitous social network.
Wells Fargo will close its home lending servicing office in Milwaukee and eliminate 1,000 jobs, saying fewer homeowners are falling behind on payments and seeking help keeping their homes.
Indian-owned luxury car manufacturer Jaguar Land Rover announced a 600-million-pound (US$894 million) investment in advanced car manufacturing in the UK on Thursday.
The world's largest oil services company, Schlumberger Ltd., has agreed to a penalty of more than US$232 million and one of its subsidiaries will plead guilty to trade sanctions violations, the U.S. Justice Department announced Wednesday.
Loans to the private sector in the euro area, a gauge of economic health, slipped year-on-year in February, but by less than in January, the European Central Bank said Thursday.
A senior Indonesian envoy has called on Indonesian businesspeople to be more aggressive in exploring markets in South Africa in order to compete with its fellow ASEAN member states in attracting tourists and trade from the second-largest economy in Africa.
Payday lenders are facing new federal regulations aimed at preventing low-income borrowers from being buried by high fees and rising debt loads.
The U.S. dollar fell against the yen and euro Thursday after poor U.S. data dented confidence in the world's top economy and threw into question the timeline for a long-awaited Federal Reserve interest rate hike.
Oil prices jumped more than five percent in Asia Thursday after Saudi Arabian jets struck rebel targets in Yemen, with fears growing that a spiralling crisis in the country could threaten key crude producers in the Middle East.
Borse Dubai has sold its significant stake in the London Stock Exchange, sending the UK group's share price plunging on Thursday.