Brazil’s Petrobras said it has decreased diesel prices by 10%, equivalent to R$ 0.2335 per liter, the average diesel price sold at its refineries. Petrobras said in a statement that as a result, Petrobras average sale price in refineries and terminals without taxes will be R$ 2.1016 per liter as […]
After several years of its presence in China, the world’s second-largest economy has finally clamped down OneCoin pyramid scheme promoters. China’s Supreme People’s Procuratorate said earlier today that about 98 promoters of OneCoin are under trial for perpetrating a cryptocurrency scam of up to $2 billion. According to Coindesk, the […]
United Technologies said it plans to hire 35,000 people and make investments of more than USD15 billion in research and development (R&D) and capital expenditures (CapEx) in the United States over the next five years (2018-2022). With this announcement, the company also launched a dedicated site to highlight its investments […]
Owners of Jumia, Rocket Internet said it has successfully bought back a total of 10,765,906 of its own shares between August 14, 2017 and May 9, 2018. Rocket said in the disclosure that it acquired 1,041,167 of these shares through a public share buy-back program and another 9,724,739 shares through […]
Adobe said it has agreed to acquire Magento Commerce for $1.68 billion. The deal is subject to customary purchase price adjustments. The addition of the Magento Commerce Cloud will enable commerce to be seamlessly integrated into the Adobe Experience Cloud, delivering a single platform that serves both B2B and B2C […]
Baidu said it has entered into definitive agreements with certain investors relating to the divestiture of its global ad and tools business which provides DU ads and tool apps, including Du Caller, Mobojoy, Photo Wonder and DU Recorder. Pursuant to definitive agreements, Baidu will divest a majority equity stake in […]
Owners of Jumia, Rocket Internet said it has successfully bought back a total of 10,765,906 of its own shares between August 14, 2017 and May 9, 2018. Rocket said in the disclosure that it acquired 1,041,167 of these shares through a public share buy-back program and another 9,724,739 shares through […]
To tap into the retail investment market, Sterling bank and Parthian Partners have launched i-invest, a mobile app that lets customers invest in treasury bills. Treasury bills are borrowing securities issued by the government to the local market. According to its owners, i-invest will allow anyone to buy and sell […]
The world’s largest retail company, Walmart said it has acquired India’s Flipkart, an eCommerce company for $16 billion. The deal is the largest eCommerce acquisition in the world. Flipkart was valued for $20 billion. The acquisition will see the retail giant control about 77% equity of the company. The acquisition […]
Rocket Internet, the parent company of Jumia said it is selling off about EUR 150 million worth of its shares in HelloFresh. HelloFresh is its grocery and green food delivery eCommerce site that was listed last year. Apparently, to begin the further cash out process after the company’s IPO in […]
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Citing people with the knowledge of the matter, Bloomberg said the US Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies. Bloomberg said the investigations are part of the dramatically ratcheting up U.S. scrutiny of red-hot markets that critics […]
AB InBev said it has appointed Lauren Abbott to the position of Global VP, Investor Relations, based in New York. The company said in a statement that Lauren joined our company in 2014 in the Global Marketing team, where she held roles in planning and performance management and in the […]
One of the largest cryptocurrency exchange in the world, Coinbase said it has acquired Paradex. Coinbase said in a statement that the acquisition of Paradex, a relay platform that will allow our customers to trade hundreds of tokens directly from their wallets. “The move not only reinforces Coinbase’s commitment to […]
The Ontario Court of Appeal has upheld a lower Canadian court’s determination that an Ecuadorian judgment against Chevron Corporation cannot be enforced against Chevron Canada Limited, an indirect subsidiary. The Court of Appeal affirmed the judgment dismissing all claims against Chevron Canada Limited holding that it is a separate entity […]
Latest reports from Reuters News says Nigeria’s Trans Forcados pipeline has started pumping crude oil in Nigeria’s Niger Delta region. It would be recalled that Royal Dutch Shell’s subsidiary, SPDC and Heritage Oil Limited, the joint operators of the facility had hinted that it did shut down the pipeline after […]
Brazil’s Petrobras said it has decreased diesel prices by 10%, equivalent to R$ 0.2335 per liter, the average diesel price sold at its refineries. Petrobras said in a statement that as a result, Petrobras average sale price in refineries and terminals without taxes will be R$ 2.1016 per liter as […]
After several years of its presence in China, the world’s second-largest economy has finally clamped down OneCoin pyramid scheme promoters. China’s Supreme People’s Procuratorate said earlier today that about 98 promoters of OneCoin are under trial for perpetrating a cryptocurrency scam of up to $2 billion. According to Coindesk, the […]
United Technologies said it plans to hire 35,000 people and make investments of more than USD15 billion in research and development (R&D) and capital expenditures (CapEx) in the United States over the next five years (2018-2022). With this announcement, the company also launched a dedicated site to highlight its investments […]
Unai Emery has been announce as the new head coach of English Premier League side, Arsenal Football Club. He replaces Arsene Wenger who has been at the club for over a decade. Unai joins the club after completing a two-year spell at Paris Saint-Germain, where he recently landed the treble […]
Owners of Jumia, Rocket Internet said it has successfully bought back a total of 10,765,906 of its own shares between August 14, 2017 and May 9, 2018. Rocket said in the disclosure that it acquired 1,041,167 of these shares through a public share buy-back program and another 9,724,739 shares through […]
