Category Archive: News
Antofagasta H1 EPS up 92%, cuts year output target
Chilean miner Antofagasta has posted a near doubling in first-half earnings per share on higher production and a rebound in prices, but trimmed its annual production target “Group copper production from the three operating mines is expected to be approximately 530,000 tonnes, slightly below the forecast of 543,000 tonnes announced in March, reflecting updated forecasts […]
What could emerge from Pakistan/IMF talks?
The International Monetary Fund is to review Pakistan’s budget and macroeconomic prospects following catastrophic flooding during talks with senior Pakistani officials in Washington. The meetings are set to focus on the future of Pakistan’s $10.66bn IMF programme agreed upon in 2008, which faced hiccups over meeting the fiscal deficit target even before the floods hit. […]
HSBC to buy up to 70 pct of S.Africa’s Nedbank
HSBC will buy up to 70 percent of South Africa’s Nedbank, in a potential $6.8bn deal that would give Europe’s largest lender a bigger presence in Africa’s top economy and a gateway to the fast-growing continent. HSBC and Anglo-South African insurer Old Mutual, which owns a controlling stake in Nedbank, said in separate statements that […]
Bank targets future generation
After more than a century of relentlessly meeting and satisfying customers’ needs, FirstBank of Nigeria Plc (FirstBank) has continued to adapt and innovate to meet the different challenges and opportunities presented by different generations of customers, competitors and other stakeholders, thus assuring not only its longevity but also sustaining its market leadership. With over 5 […]
Shift to Shankong
The heart of the main retail district in Seoul could hardly be more different than that of western cities. Instead of competing businesses being dispersed among outlets selling non-competing products as you’d find elsewhere, in South Korea’s capital city they are all congregated together. Standing side by side on the main retail strip – the […]
Transforming business
Some companies like to think big and move fast. Aabar Investments PSJC, based in Abu Dhabi in the UAE, shows how it is done. Incorporated in 2005 with a mandate to develop an oil and gas business focusing on exploration and production, Aabar has since transformed itself into a global investment fund with holdings in […]
Businesses turn to balkans platform
Montenegro is certainly one of the most interesting spots in the world. Even though it only covers around 14,000 km2 and it only has about 650,000 citizens, its contribution to the World cultural heritage is impressive compared to its size. Montenegro is a Southern European and a Mediterranean country. Its landscape combination of mountains, deep […]
Brazil reforms corporate governance
During a period of recession that has hit most of the world’s influential economies, Brazil has still managed to develop a strong corporate governance programme that builds on legislation changes and promises to protect the country should future global financial problems occur. Deloitte has worked hard in building Brazil’s corporate governance, a process which is […]
Jamaican bank targets market share
For a company originally founded in 1837, the National Commercial Bank Jamaica still has the nimbleness to outpace its rivals: not just Best Banking Group, Jamaica and Most Innovative Bank, Jamaica in the 2010 World Finance awards, but the current recipient from the Jamaica Employer’s Federation of the titles Employer of Choice and company with […]
Corporates warm to Chile
Chile’s Global Services industry has grown over 86 percent in the last 3 years putting Chile as the regional leader in this industry. More than 60 world-class companies have chosen the country because of the outstanding pro business environment, talent pool and government support. Given the growing dynamism of this industry and the success stories […]
