World Business

World Business

IATA and UNECE Ink Trade Facilitation Agreement

GENEVA - The International Air Transport Association (IATA) and the United Nations Economic Commission for Europe (UNECE) signed a Memorandum of Understanding (MoU) to...

Anthem-Cigna Merger To Create Insurance Firm with USD115 Billion Revenue

American health insurance giant Anthem is acquiring its rival Cigna for USD48.3 billion, creating a combined insurance company that will have an estimated USD115...
MIBI Ireland

Irish Insurers Warn of Premiums Rise

The Motor Insurers' Bureau of Ireland (MIBI) has warned of a possible increase in insurance premiums should the ruling related to the liabilities of...

McDonald’s Shutting Down 700 Stores Globally This Year

The world's largest chain of hamburger fast food restaurants, McDonald's, announced that it will close about 700 stores around the world this year to...

Southwest Airlines Announces New Domestic, International Service

US-based Southwest Airline Co, the world's largest low-cos carrier, is adding new domestic and international service in the next several months. Carrier extends flight schedule...

India’s Tata Steel Limited (NSE:TATASTEEL) Up 5.07 Percent on Hot Metal Production Report

INDIA - Holding company Tata Steel Limited (NSE:TATASTEEL)'s stock gained 5.07 percent on Friday's trading at the National Stock Exchange of India (NSE) to...

Auto Insurance Premiums Forecast to Rise in Most Countries

The value of auto insurance premiums is forecast to grow in most countries up to 2018 after growing at a rate of 2.9 percent...

Nigeria’s Nicon Insurance Selling USD100 Million Worth of Assets

NIGERIA – Nicon Insurance, one of the top insurance firms in Nigeria, is reportedly selling N20 billion (USD100 million) worth of its assets in...
Bitcoin

Goldman’s Investment To Boost Bitcoin’s Credibility

After releasing a report in March that said the amount of bitcoin trading activity in China has risen, Goldman Sachs is co-leading a USD50...

Can Fiat Chrysler (NYSE:FCAU)’s Stock Gain Today from Ferrari’s IPO?

Fiat Chrysler Automobiles NV (NYSE:FCAU)'s stock was up by 1.88 percent in after hours trading after closing flat at US$15.94 a share on Tuesday....

Israel’s Teva Pharmaceutical Offers to Acquire Mylan for USD40 Billion

PENNSYLVANIA, USA - Teva Pharmaceutical Industries, an international pharmaceutical company headquartered in Petah Tikvah, Israel, has reportedly offered to buy Mylan NV, a Pennsylvania-headquartered...

Maldives To Host Investment Forum in Beijing

BEIJING, CHINA - The second Maldives Investment Forum will be held in Beijing in September this year, a local newspaper in Maldives reported. The country's...

Google Posts 11 Percent Revenue Rise in Q2, Beats Forecast

Silicon Valley-based Google proved that it is still a force to reckon with when it comes to mobile search and advertising after posting an...
Air Canada

Air Canada Launches Non-Stop Vancouver-Delhi Flights

Air Canada has announced the introduction of the only non-stop flights from Vancouver to Delhi, India beginning October 20, 2016, in time for Diwali...

Oil Price Forecast To Hit New Lows in 2015

Prices of oil in the world market could hit new lows this year due to increased production and peak seasonal refinery maintenance in October,...

Asia-Pacific To Drive World Insurance Growth By 2020

Despite the region's low insurance penetration, Asia-Pacific is poised to become a dominant player of the world insurance growth by 2020, with insurance premium...

Chevron Selling Stake in Caltex Australia for USD4.62 Billion

Chevron Corporation, an American multinational energy corporation, is selling its 50 percent stake in Caltex Australia Ltd, an Australian oil refiner, for about US$4.62...

Canada’s Stingray Digital Group Seeks To Raise US$99 Million In IPO

MONTREAL, CANADA - Montreal-headquartered Stingray Digital Group Inc, a leading B2B multi-platform music and in-store media solutions provider operating on a global scale, aims...

Daily Business Brief : McDonalds and Walmart Pay Rise, GoDaddys Stock Market Debut, US...

Here are the top business stories around the world for April 2, 2015. McDonalds, Walmart Raise Workers' Pay Fastfood giant McDonald's and US retailer Walmart have...

South Africa Selling USD2.1-Billion Vodacom Stake to PIC

The government of South Africa is reportedly selling its 13.9 percent stake in mobile phone company Vodacom Group for at least USD2.1 billion, sources...