Marc Castro

Warburg Pincus exits from its waste management investments in Australia

Warburg Pincus sells off its shares in Transapacific Industries Group.

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Embraer under investigation by US and Brazilian authorities

Embraer under fire for corruption charges in the Dominican Republic.

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US Fed Reserve require stress tests on banks

Several banks required to undergo Fed Reserve stress tests to determine capacity of capital cushions on hypothetical adverse conditions.

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LightSquared sues GPS manufacturers for broken promises

A lawsuit was filed by LightSquared against manufacturers of its GPS equipment for broken promises as to the capacity of the machines.

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Dell Inc pays out executive shares above conversion value

Dell Inc had paid out executives for its shares not rolled over into the newly privatized Dell.

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PwC to review 'gogreen' policy for Indian telecoms industry

PricewaterhouseCoopers is set to assess the 'gogreen' policy and its implementation in the Indian telecommunications industry.

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Ranbaxy sues Actavis over the production of a generic version of Absorica

A suit was filed in New Jersey District Court against Actavis by Ranbaxy Laboratories for its attempt to produce a generic version of Absorica.

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The Abraaj Group exits from Opalia Pharmaceuticals

The Abraaj Group sells its shares in Opalia Pharmaceuticals to Recordati.

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IDB invests in Saudi Arabian cheese industry

The IDB investment in Saudi Arabia's cheese industry includes the acquisition of shareholdings and the construction of a cheese factory.

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MMG to chase outstanding amounts due the company

Recovery measures such as arbitration, negotiation and litigation are the means that MMG would recover due amounts receivable.

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UAE hoteliers at odds over price ceiling mechanism for business

Hoteliers in UAE are in conflict as to the recommendation to impose a price ceiling on hotel rates.

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National Bank of Abu Dhabi set to expand internationally

NBAD Group CEO Alex Thursby identified seven highly urbanized cities where the bank would set up its operations.

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Despite inflation, Diwali is a time to spend and celebrate

Diwali, the Indian festival of lights, have caused Indians to loosen purse strings despite high inflation.

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Retailers gearing for all important Christmas shopping season

WalMart, Sears, Macy's and other retailers are now doing their best to increase sales for the coming Christmas season.

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DST costs more than saves more

Daylight Savings Time was meant to conserve energy, but it creates more losses in the US economy.

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