KKR said David Luboff has been appointed as a Member and Head of Asia Pacific Infrastructure. He is based in KKR’s Singapore office and will lead the Pan-Asian operations of KKR’s global Infrastructure business. Mr. Luboff joins KKR from the Macquarie Group, where he spent over 18 years. Most recently, […]
Global credit rating provider, Fitch Ratings has warned of a possible cut to the U.S. triple-A sovereign credit rating later this year. The credit rating provider said if the ongoing government shutdown leads to it hitting its debt ceiling and hampering budget setting. “If this shutdown continues to March 1 […]
Crude oil continues to show signs of recovery as the essential commodity rose by 1%. Analysts and traders attributed the price increase to a hopeful atmosphere surrounding the US-China trade war. President Donald Trump said in a tweet yesterday that trade talks with China was doing well. Data compiled by […]
There are indications that Orange is in the bid to acquire Euskaltel. According to a report by El Economista, citing several sources, its interest could increase in the coming months, adding that relations between the two companies are already “excellent”. Indeed, Orange already provides access to its mobile network to […]
Global credit rating provider, S&P Global Ratings said it has stripped America’s power utility PG&E Corp of its investment-grade credit rating. The rating agency said it has kept it under review for a further downgrade, citing political and regulatory pressure and uncertainty as it faces massive claims stemming from deadly […]
South Africa’s Naspers said that it has executed definitive agreements to lead a USD one billion Series H round in Swiggy, India’s largest food delivery platform with a US$660m investment. The company said in a statement that the round includes participation from several existing investors including DST Global, Meituan Dianping […]
Royal Dutch Shell said it has completed the sale of its shares in Shell entities in New Zealand, to OMV for $578 million. This includes the Māui, Pohokura, and Tank Farm assets, and the sale of Shell’s interest in (and operatorship of) the Great South Basin venture, which was subject […]
South Africa’s MTN Group Limited might have finally resolved the illegal transfer sanction dispute it had with the Nigerian government. According to a Twitter post by MTN Group, the company said it has made a down payment of $53 million which is approximately N19.3 billion using real-time exchange rate. The […]
Forte Oil Plc has announced that its founder and CEO, Femi Otedola will be divesting about 75% stake of his equity in the company. The company said in a statement that: “Forte Oil Plc hereby notifies the Nigerian Stock Exchange, Securities and Exchange Commission, Shareholders and the investing community that […]
Rio Tinto has completed the sale of its entire interest in the Grasberg mine in Indonesia for $3.5 billion. The transaction is part of a series of transactions involving Inalum (PT Indonesia Asahan Aluminium (Persero)), Indonesia’s state mining company, and Freeport McMoRan Inc. Rio Tinto chief executive J-S Jacques said […]