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Archives by Year:
Kuwaiti FX broker wins key to Europe
Founded in 2005, Arab Financial Brokers (AFB) provides online brokerage and trading services, alongside micro trading services through its AFB and AFB Multi Terminal online trading platforms. Its clients can be found in 52 countries – they vary from individual speculators to asset managers, white labels and introductory brokers. And as a mark of the […]
Enel Group targets carbon neutrality
To protect the planet, as well as to ensure its competitiveness and develop its business, the Enel Group is investing in the best technologies available for reducing emissions of GHG and pollutants, as well as in innovative research. Enel’s strategy is based on five specific approaches, which cover all of the main elements of carbon […]
T&T targets new investor strategy
Along with its business opportunities, Trinidad and Tobago has committed to an open, market-driven economy, fuelled by trade liberalisation and both local and foreign investment. Its strategic location makes it a gateway to the Americas; and natural resources, a highly-educated labour force, excellent infrastructure developments and a pro-investment climate continue to attract business. The country […]
Emerging market tonic for pharmas
Pfizer, GlaxoSmithKline, Procter & Gamble, Astra Zeneca and Johnson & Johnson are among the immediately recognisable global brand names in the pharmaceuticals industry. Due to the non-cyclical nature of the industry, pharmaceuticals companies were some of the most likely to have prospered during the economic crisis, and the industry is expected to grow by five […]
Wind power becomes mainstream
Vestas, as the market leader, is taking wind power to new, unprecedented heights. Solid financial results for Vestas, in a testing year, have helped confirm wind as the leading source of renewable energy. Vestas’ order intake in 2010 increased by 182 percent, rising from 3,072 to 8,673 MW, the highest in the company’s, and the […]
Synthes reports merger talks with Johnson & Johnson
Swiss medical device manufacturer Synthes said on Monday it is in preliminary takeover talks with health conglomerate Johnson & Johnson. The deal could be worth up to $20bn and if completed would be one of the largest healthcare takeover deals in recent years, according to sources familiar with the process. The company said in a statement: […]
Nestlé sales fall 9% but growth up 6.4%
Nestlé, the world’s biggest food group by sales, saw a 9 percent drop in Q1 sales to CHF22.26bn compared to CHF22.34bn the previous year, the company announced on Friday. The decrease in sales were due to the sale of its Alcon eye care business and foreign exchange rates by the Swiss franc which has been trading […]
Glencore to float stock worth up to $11bn
Glencore, the world’s largest commodities trading group by revenue intends to sell between $9bn-11bn in shares in its IPO on the Hong Kong and London stock exchanges, the Swiss company announced on Thursday. The group will use in the next three years around $5bn of the profits from the IPO for capital expenditure and around […]
BP Rosneft deal grows uncertain
The Russian half of the Russian-British TNK-BP joint venture is threatening to file a law suit for up to $10m against its parent company BP, saying BP breached its shareholder agreement for going straight to state oil company OAO Rosneft rather than through TNK-BP, sources said. Rosneft and BP signed a share swap deal in […]
JPMorgan Q1 profits up 67%
JPMorgan Chase, the second largest bank by assets in the US, beat forecasts from Wall Street analysts by reporting a 67 percent rise in Q1 profits, bringing figures to $5.56bn compared with $3.33bn in the same period last year. The jump in results was attributed to an increased performance from the credit card group and […]
