Global

American Airlines revenue drops by 1.2% in Q1
aviation

American Airlines revenue drops by 1.2% in Q1

American Airlines Group said its total revenue passenger miles (RPMs) were 18.8 billion, down 1.2 percent versus March 2016. The disclosure was released in its latest traffic update for March and year-to-date 2017 traffic results. Total capacity was 23.0 billion available seat miles (ASMs), down 0.9 percent versus March 2016. […]

Sharenet Group names JC Louw as CEO
Global

Sharenet Group names JC Louw as CEO

As part of its rebranding process, Sharenet Group, has appointed JC Louw as the new Chief Executive Officer for the group. Sharenet is one of South Africa’s top stock brokerage and investment advisory company. He is taking over from Sharenet’s founder and long-term CEO, Anthony Walker. The company said in […]

S&P downgrades Telkom SA to negative
Global

S&P downgrades Telkom SA to negative

Taking a cue from the downgrade of South Africa long-term foreign currency rating from ‘BBB-‘ to ‘BB+, Telkom SA is yet another South African company to receive its own share. S&P said in its latest ratings opinion on the company that it has changed Telkom SA’ outlook to negative from […]

SONATRACH and Total sign upstream agreements
Energy

SONATRACH and Total sign upstream agreements

SONATRACH, Algeria’s state energy company and Total said they have signed a comprehensive agreement strengthening the existing partnership between the two companies. Total said in statement that the agreement enables SONATRACH and Total to expand their partnership by progressing new upstream projects, notably with a new contractual framework for the […]

Barclays chief executive probed for whistleblower case
Global

Barclays chief executive probed for whistleblower case

Barclays (BARC.L) chief executive Jes Staley is under investigation from financial regulators for attempting to unmask a whistleblower within the bank. The attempt by Staley, which a legal investigation ordered by the bank found involved a U.S. law enforcement agency, was at odds with the company’s own policy. Barclays grants […]