IMF approves US$1.75 billion loan package to Tunisia. According to reports, the International Monetary Fund confirmed that it had agreed to a $1. 75 billion standby loan agreement with Tunisia.
Investors
Russia to Expand Role in Cyprus Bailout on a Condition
Russia extends help but conditions that help on "taking their interests into consideration."
EADS Indicates Increase Dividends in the Future According to CFO
EADS shareholders to expect higher dividends because of new policies according to corporate CFO. In a report from Reuters, the European Aeronautic Defence and Space Company N.
Aston Martin Grows in China
The iconic British car Aston Martin is growing in the car markets of China. The CEO of the iconic British sports car Aston Martin has announced a ten percent increase in global sales for 2012.
Nestle - L'Oreal in Excellent Relationship
Nestle, L'Oreal and the Bettencourts chequered history in business. The present situation of L'Oreal and Nestle relationship "isn't on the agenda for the time being," commented Jean-Paul Agon, CEO of L'Oreal in an interview with Investir, a French weekly magazine, which was published today.
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GM and its partners would be building new plants and increase production to five million cars a year.
Aamal and Vivantes agree to form healthcare joint venture. Aamal Company, the Qatari conglomerate has entered into a joint venture agreement with Vivantes International Medicine, the largest hospital consortium from Germany.
AMD has reported a higher revenue compared to the previous year, flush with cash and a top notch development team.
SABIC makes job cuts and closes plants in Europe. Saudi Basic Industries Corp, currently the world's largest petrochemicals group is now reviewing its global expansion outlook.
BP is now undertaking a specific review of Mad Dog 2 as to the economies of scale and profits. British Petroleum is currently taking a new look at its oil project in the Gulf of Mexico.
On paper, the loss of US$1.168 billion resulted from the share price decline of the blue chip stock IBM.
Charter Communications had offered bonds to pay for buyback and redemption activities of the firm. In an announcement last Friday, Charter Communications Inc had priced its shares for a planned initial public offering of notes that fall due on 2024.
Reliance Communications' discussions with Batelco has broken down. India's third largest cellular carrier in terms of customer base, Reliance Communications Ltd had announced that it has withdrawn from discussions with Bahrain Telecommunications for the sale of a stake in its enterprise subsidiary.
Microchip maker Intel acquires API developer Mashery. Intel Corp, the world's largest manufacturer of semiconductor products has announced the acquisition of Mashery Inc, the start up based out of Francisco.
