Global

Agreement on Basel III reform package gets underway
Global

Agreement on Basel III reform package gets underway

The oversight body of the Basel Committee on Banking Supervision is close to wrapping up agreement on Basel III reform package. Basel III is an international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision and risk management within the banking sector. Germany’s top financial […]

Petrobras recovers USD197 million from car wash operation
Energy

Petrobras recovers USD197 million from car wash operation

Brazil’s national oil company, Petrobras said it has received the return of about R$ 654 million through cooperation agreements concluded with individuals and legal entities within the scope of the Car Wash Operation. With this return, the total amount of resources transferred to Petrobras since the beginning of the Operation […]

PepsiCo names Mike Spanos Chief Executive Officer
Global

PepsiCo names Mike Spanos Chief Executive Officer

PepsiCo has appointed Mike Spanos who is currently President, PepsiCo Greater China Region as Chief Executive Officer, Asia, Middle East and North Africa (AMENA), while Sanjeev Chadha, currently Chief Executive Officer of AMENA, will become Chairman of AMENA through the end of Q1 2018. Both Spanos and Chadha will report […]