The world's oldest bank Banca Monte dei Paschi di Siena SpA has announced encouraging levels of capital. The Italian banking major's common equity Tier-I ratio is up at 11.7 percent by the end of September from 10.7 percent in June.
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GE and Alstom get $5.6 billion deals to build India railways
General Electric Co. and Alstom have won contracts from India's state owned rail company worth a combined of $5.6 billion to supply and service diesel locomotives as the country works to modernise its infrastructure. The contracts are also the biggest deal to be awarded by India to foreign firms.
Nestlé's Maggi Noodle Makes A Happy Return To Indian Shelves This Diwali After Successful Testing
Maggi Noodles - the instant Chinese fare created by Nestle and loved the world over especially in India, Singapore and Malaysia and other parts of the globe was beset by a scandalous allegation that their Maggi Noodles in India contained MSG with lead levels going beyond permitted limits.
Retailers bracing up for big holiday season; hiring in full swing
US retailers have started flexing their muscles to meet the buying demand during the forthcoming holiday season. Retailers such as Amazon have started hiring in number running over thousands.
China’s Anbang insurance to acquire US insurer Fidelity & Guaranty Life in a $1.6 B deal
Anbang Insurance Group Co. Ltd., a China-based leading global insurance group, has agreed to buy U.S. annuities and life insurance provider Fidelity & Guaranty Life (FGL) for about $1.57 billion in cash.
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As part of the labor agreement, the US automobile major Ford has decided to invest $9 billion in plants located in North America. Similarly, General Motors (GM) has also assured the labor union on investment of $1.9 billion and Fiat Chrysler to invest $5.3 billion as part of the contracts signed with the labor union.
Bahrain-based Investcorp Bank BSC has acquired hedge fund business from SSARIS Advisors LLC. The acquisition of hedge fund from the fund business of the US company will enhance product range of Bahrain's bank as the business is expected to add $800 million in discretionary and advisory assets to Investcorp Bank.
New World Wealth (NWW), a South Africa-based market research consultancy, released the lists of wealthiest countries, ranked by using its own new method.
Boeing Co and Tata Advanced Systems (TASL) will float a joint venture (JV) for manufacturing fuselages for the AH-64 Apache attack helicopter in India. The JV will set up a center of excellence (CoE) and it'll also be in competition for getting contracts to make additional Boeing platforms including commercial and defense.
Messaging app Snapchat announced it is generating 6 billion video views every day. The number is three times the number of daily views in May.
PayPal received complaints from UK parents for taking away the magic of Christmas and the mystery that surrounds Santa Claus. Most kids still probably hold on to the magical belief that Santa delivers Christmas presents in the middle of the night when the children were asleep.
As it has been going through all the year, the Euro group meeting will entirely be focused and dedicated to Greece only. Indeed, the Greek government expects to adopt all the remaining measures needed to get hold of €2 billion second sub-tranche of the bailout programme.
It is a well-known fact that interest continuously accumulate on your credit card amount with time, raising the loan you owe to the credit card company. Consumers have a solution to this problem in order to maintain a good credit score and to avoid the burden of debt entirely. What they only have to do is use their credit card wisely and follow some simple rules.
Opera's new data-management app will be pre-installed into phones from 14 OEMs, the company announced November 8. According to Tech Crunch, the new Opera Max will be integrated to 100 million Android phones by 2017, including Samsung, Xiaomi, Acer, TWZ, and Hisense.
