Lagos receives an upgraded AA+ rating from Fitch
Fitch Ratings has increased its Nigerian Lagos State’s National Long-term from AA(nga)’ to ‘AA+(nga)’. It also upgraded Lagos State’s Long-term foreign and local currency...
GSK fined for $490 million in China for bribing doctors
GlaxoSmithKline is being fined for $490 million by a Chinese court for allegations of bribing hospitals and doctors.
The record penalty reveals how GSK bribed...
Russian company Oasis Beverages acquiring Pabst Brewing Co.
Pabst Brewing Co. will be acquired by the Russian company Oasis Beverages, in a deal estimated to be worth between $700 and $750 million.
Pabst...
Alibaba Group on track to become largest IPO in history
Alibaba Group Holding Ltd's (BABA.N) shares soared by 38 percent in its first day of trading as investors flock to buy a piece of...
Exxon an American sanctions casualty
The world’s third largest company by revenue, Exxon, says it is complying with US sanctions against Russia and is winding down operations at its...
Who is Jack Ma?
Jack Ma (in Chinese Ma Yun 马云), born September 10th, 1964, is today a Chinese mogul. He is Executive Chairman of a company –...
SAP Concur acquisition deal worth $8.3 billion agreed
An SAP Concur acquisition deal has been agreed. The German software multinational giant will purchase the American provider of travel and expense management services...
Larry Ellison replaced as Oracle CEO
After thirty-seven years at the helm, the fifth richest person on the planet Larry Ellison steps down as Oracle CEO. Mr. Ellison will become...
Scottish No vote lifts British pound
With the Scottish No vote posting 55% and the Yes camp 45% in the Independence/Union Referendum, the future of the United Kingdom is secure...
UK export orders fall significantly, says CBI
While manufacturing is doing well and expanding, UK export orders have fallen significantly, says the CBI’s latest Industrial Trends Survey involving 488 manufacturers across...