Category: INTERNATIONAL
-
Europe:Unilever buys razor-maker Dollar Shave Club
Unilever Plc (ULVR.L) said it has agreed to buy razor-maker Dollar Shave Club in a deal that would expand the consumer goods group’s catalog of men’s grooming products. Financial terms of the deal were not disclosed in a statement released Tuesday evening. Unilever approached Dollar Shave Club for the deal and is paying $1 billion…
-
U.S:PIMCO names Man Group CEO Manny Roman as its new chief
Pacific Investment Management Co (PIMCO) has hired Emmanuel ‘Manny’ Roman, the chief executive of the world’s biggest listed hedge fund Man Group plc (EMG.L), as it tries to reverse a slump in fortunes since co-founder Bill Gross left in 2014. Roman will take over asset manager PIMCO on Nov. 1, Man Group said on Wednesday,…
-
Asia:Nintendo stock loses ground on report of Pokemon GO delay for Japan
Nintendo Co’s (7974.T) shares on Wednesday gave up some of their meteoric gains made on the record-breaking success of its Pokemon GO mobile game, hurt in part by a reported delay for the game’s introduction in Japan. Technology news site TechCrunch said that game developer Niantic Inc had planned to launch Pokemon GO in Japan…
-
UK faces slowest growth since 2012 after Brexit vote
The International Monetary Fund (IMF) slashed its UK outlook after the country voted to leave the European Union and forecast the economy will grow at its weakest pace since 2012 next year. The IMF said in its World Economic Outlook on Tuesday that Britain’s gross domestic product will rise 1.7% this year before expansion cools…
-
Nigeria: Oil Wells;Niger Delta Lawmakers Insist On 65 Percent Ownership
To facilitate development in the Niger Delta region, South-East and South South lawmakers have called on the Federal Government to review the ownership structure of oil wells in the country to allow for 65 per cent ownership by the people of the region. The lawmakers also condemned the criminal and nefarious activities of herdsmen and…
-
Algeria: Over 1,140 Mines Dating From Colonial Era Destroyed in June 2016
A total of 1,147 mines, dating from the colonial period, were discovered and destroyed during the mine-clearing operation carried out by units of the People’s National Army along the country’s eastern and western borders in June 2016, said Monday an official source. Army units discovered and destroyed 14 antipersonnel mines and 4 anti-group mines in…
-
Kenya:Internet outage to hit businesses for next two weeks
Businesses that connect to the Internet through the TEAMS undersea cable are set to experience downtimes between today and July 28 as the operator embarks on maintenance works. The East African Marine System-TEAMS- that is jointly owned by the government and the private sector yesterday said the shutdown is to allow for expansion of the…
-
Nigeria:IMF predicts economy will contract by 1.8 pct in 2016
Nigeria’s economy, the biggest in Africa, is likely to contract by 1.8 percent this year, the International Monetary Fund (IMF) said on Tuesday, as the country grapples with the impact of low oil prices. The sharp fall in global prices since 2014 has led to a prolonged economic crisis since the crude sales make up…
-
South Africa’s Implats revises debt facilities up $278 mln
South Africa’s Impala Platinum (Implats) has extended the tenure and amount of its existing debt facilities from certain local banking institutions in order to further strengthen its balance sheet, it said on Tuesday. Implats amended 3.25 billion rand ($225 million) of its existing debt facilities, which was previously available until December 2017, to a revised…
-
S.A:Rand at strongest level against pound in over a year
The rand was trading at its highest level in over a year against the pound on Tuesday, as Turkey’s failed coup saw global markets bounce back from their risk-induced levels. The rand was 1% stronger at R14.25 against the dollar on Tuesday at 08:30. It was 1.1% stronger at R18.85 to the pound and 0.85%…