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...
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...
Pakistan To Ink USD50-Billion Deals With China
ISLAMABAD, PAKISTAN - China, the world's second-largest economy, is set to sign deals worth USD50 billion with Pakistan under the China-Pakistan Economic Corridor (CPEC),...
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...
Coulson’s Ardagh Group Nears USD3.2-Billion Acquisition of Saint Gobain Unit
DUBLIN, IRELAND - Luxembourg-based Ardagh Group, a glass and metal packaging solutions giant, is reportedly finalizing a deal to acquire Saint Gobain's Verallia glass...
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...
