World Business

World Business

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....

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...

Despite Challenges, Uber to Further Expand in Canada

CANADA - Despite facing a long list of challenges in Cabada, taxi-hailing corporation Uber is not giving up on Canada, despite its current row...

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...

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...

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,...

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...

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...

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...

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...

Bank of Tanzania Gets Award for Governance Risk and Compliance Project in Africa

TANZANIA - The Bank of Tanzania, the central bank of the United Republic of Tanzania, was awarded the title of "Best Governance Risk and...

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...

Bolsas Y Mercado Españoles Joins the Sustainable Stock Exchanges Initiative

MADRID, Spain - Bolsas Y Mercado Españoles (BME), the stock exchange of Spain, announced that it has partnered with the United Nations Sustainable Stock...

US: Goldman Upgrades Aegon NV to ‘Buy’ But Will Investors Do In Today’s Trading?

Aegon NV (NYSE:AEG), which provides life insurance, pensions and asset management products and services in the US, Europe and Asia, is upgraded by Goldman...

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...

New York Life Names Edward Shirley to Board of Directors

Former Bacardi Ltd President and CEO Edward Shirley has been elected to the Board of Directors of New York Life Insurance Company effective 01...

Dow Chemical to Sell Chlorine Business to Olin Corp for USD5bn

Dow Chemical Co, an American multinational chemical corporation headquartered in Midland, Michigan, has agreed to sell a significant part of its chlorine business to...

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...

Abbott Laboratories (NYSE:ABT) Upgraded to Buy from Hold

Abbott Laboratories (NYSE:ABT) received an upgrade by equity research analysts at Jefferies & Co Monday morning from Hold to Buy. Jefferies & Co also set...