Category Archive: News
Delegation commences Greece aid assessment
A team of International and European officials from the EU, ECB and the IMF, commonly referred to as troika, is meeting with Greek government officials to measure its eligibility to receive another tranche of financial aid. The meeting due to commence on Tuesday will be firstly with a technical team to be joined by the heads […]
Shell reports Q1 profit rise on high crude oil prices
Anglo-Dutch energy giant Royal Dutch Shell announced a 41 percent rise in first quarter profits due to an increase in world oil prices and improved refining margins, the company said on Thursday. Profits for Q1 were $6.9bn compared with $4.9bn in the first quarter of 2010, an increase of 30 percent. Shell’s cash flow from operating activities […]
J&J to buy Synthes for $21.3bn
Healthcare conglomerate Johnson & Johnson said Wednesday it has agreed to buy the Swiss medical device maker Synthes for $21.3bn in stock and cash. Buying Synthes would be the biggest acquisition for Johnson & Johnson, giving it a leading position in equipment to treat traumatic injuries and fractures. The companies entered into a definitive agreement which sees […]
Consistent growth for JIB
Islamic banking continues to maintain its growing force in the financial world, and as a pioneer of Islamic banking services in Jordan and beyond, Jordan Islamic Bank (JIB) is thriving despite enormous uncertainty. While many banks have seen their balance sheets propped up by huge central bank cash injections, Jordan Islamic Bank continues to go […]
Intel Q1 profits up 29%
US computer chip group Intel beat Wall Street’s expectations with a 29 percent year-on-year net profit increase when it published Q1 earnings late on Tuesday. The reported net income was $3.16bn or 56 percent per share compared to $2.44bn or 43 percent the previous year. Intel saw a 25 percent rise in revenue to £12.8bn from […]
“Corporate governance has to assure integrity”
In February 2011, Nestlé, the Switzerland based nutrition, health and wellness giant, announced yet another year of strong top and bottom line performance, increasing investment in its brands, operations and people. Highlights included group sales of CHF 109.7bn, organic growth of 6.2 percent, real internal growth of 4.6 percent and a rise in underlying earnings […]
Brazilian CEO in leadership award
When it comes to consigned credit, Banco BMG is a pioneer in the Brazilian market. The bank began its activities in this segment in 1998. Today, 11 years later, the bank is the undisputed leader in the sector and responsible to stimulate and develop this form of credit in the entire country, thanks to the […]
BESA launches sustainability drive
Since its foundation, the activities of Banco Espirito Santo Angola (BESA) have been underlined by a serious commitment to sustainable development in Angola. The bank believes that economic growth should go hand in hand with the promotion of sustainability, and that only these factors in conjunction can assure the country and planet of a better […]
Wealth manager targets innovation
The investment management area of Banif, the Portuguese financial group, has been establishing a successful track record in terms of Growth and Innovation. Banif Investment Managers (BIM) recorded strong growth in 2010, with assets under management (in mutual funds, real estate funds, alternative asset funds, pension funds and other managed portfolios) reaching €4bn in December […]
Apple files patent suit against Samsung
Apple has filed a lawsuit against South Korean electronics group Samsung alleging its mobile phones and tablet computer are a copy of its iPhone and iPad. The case against Samsung was filed by Apple on Friday at the US District Court for the Northern District in California but details were not released until Tuesday when the […]
