Bradesco Reportedly In Exclusive Talks To Buy HSBC’s Brazilian Arm for USD4bn
Bradesco, Brazil's second-largest private sector bank, is reportedly in exclusive talks with HSBC for a USD4bn sale of its Brazilian unit.
The Financial Times report...
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,...
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...
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...
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....
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...
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...
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...
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...
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...
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...
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...
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...
American Airlines Names Operations Officers to Leadership Team
TEXAS, USA – American Airlines Group Inc. announced the appointment of two Air Operations officers to its leadership team.
Kimball Stone has been named Vice...
Zynga To Cut 364 Jobs in Cost Cutting Move
San Francisco-based video-game maker Zynga announced that it will cut about 18 percent of its workforce by the fourth quarter of this year, a...
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...
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...
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...
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...
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...
