Barclays Upgrades PBF Energy (NYSE:PBF) To Equal Weight

Petroleum refiner PBF Energy Inc (NYSE:PBF) was upgraded by Barclays to Equal Weight from Underweight and raised the price target from $32.00 to $38.00...

Co-CEOs of Deutsche Bank Offered To Resign

Two weeks after Deutsche Bank gave one of its co-chief executives more power, the two Co-CEO have reportedly offered to resign, Reuters has reported....

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...

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...

Student Housing Specialist Xior Lists on Euronext Brussels

BRUSSELS – Student housing specialist Xior Student Housing (XIOR) has officially listed on Euronext Brussels, a report published on Euronext’s website said. With an issue...

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...

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,...

US Unemployment Hits Seven-Year Low in April

WASHINGTON - Unemployment rate in the United States dropped to 5.4 percent in April, the lowest rate since May 2008, after 223,000 jobs were...

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...

A.M. Best Affirms Ratings of First Insurance Company

LONDON - A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of "bbb" of First Insurance Company...

Commercial International Bank (Egypt) Concludes Sale of Insurance Stakes to AXA

CAIRO, Egypt – The Commercial International Bank (Egypt) has informed the Egyptian Exchange that it has finalized the procedures of selling the bank stake...

US Economy Contracts As India Surges In First Quarter

The US government has reported that the country's economy contracted by 0.7 percent annually in the first quarter of this year, lower than the...

Michael Jordan Joins Forbes Rich List; Bill Gates Still Richest Man

Former National Basketball Association (NBA) superstar Michael Jordan has joined Forbes magazine's annual list of the world's richest people for the first time with...

Trek Bicycle To Recall About One Million Bikes in US, Canada

CALIFORNIA - Trek Bicycle Corporation, a major bicycle product manufacturer and distributor, has ordered a recall of about one million bicycles following the injuries...

Botswana Life Insurance Takes ‘Pride’ in New Corporate Identity

Botswana Life Insurance Limited (BLIL), the country's oldest and only home-grown life insurer, has unveiled a new corporate identity during its 40th anniversary celebration. BLIL,...

Avon Reports 18 Percent Revenue Fall in First Quarter

USA - Avon Products, the 129-year-old cosmetics empire that directly sells beauty products, seemed to have lost its appeal a little bit in the...

Mandarin Oriental Confirms Credit Card Breach in Some US, Europe Hotels

Mandarin Oriental confirms that the credit card systems in a limited number of its hotels in the US and Europe have been accessed without...

Teleperformance Wins Contact Center Service Provider of the Year Award

Teleperformance, one of the world’s top providers of outsourced customer experience management services, received its fourth consecutive Frost & Sullivan Asia Pacific Contact Center...

Analyst Upgrade Fails to Lift Pfizer (NYSE:PFE)’s Stock

Pharmaceutical blue chip Pfizer Inc (NYSE:PFE)'s stock receive analyst upgrades on Tuesday but the news was not well-received by investors as PFE's shares were...