ZTE Corporation (ZTE), a publicly listed global provider of telecommunications equipment and network solutions, announced a 21.52% increase in operating revenue to RMB37.337 billion for the six months ended June 30, 2011. Based on HKFRS, interim net profit fell 12.33% to RMB769 million. Basic earnings per share amounted to RMB0.27. Applying PRC ASBEs, operating revenue [...]
Bank of America Corporation has agreed to sell approximately 13.1 billion common shares of China Construction Bank Corporation (CCB) in a private transaction with a group of investors. The sale is expected to generate approximately $8.3 billion in cash proceeds and an after-tax gain on sale of approximately $3.3 billion. The transaction is expected to [...]
Bahrain’s Minister of Education (MoE), Dr. Majid Al Nuami, who met with senior ministry officials to discuss plans for implementing relevant reforms from the country’s National Dialogue, said that the reforms aimed at empowering youth of Bahrain Bahrain’s commitment to the education and wellbeing of their youth played a significant role during National Dialogue discussions. [...]
Fitch Ratings has affirmed the International Petroleum Investment Company PJSC (IPIC) of Abu Dhabi’s long-term local and foreign currency issuer default ratings (IDR) at ‘AA’ and short-term IDR at ‘F1+’. IPIC GMTN limited’s foreign currency senior unsecured rating has also been affirmed at ‘AA’. The Outlook for the long-term IDRs is stable, in line with [...]
iForex has expanded its international currency exchange rates trading platform with the launch of two new foreign market currency pairs. For the first time, iForex current clients and future investors will have access to the Danish Krone (DKK). By expanding the current foreign exchange trading options, iForex is targeting all traders seeking to take advantage [...]
Rosneft and ExxonMobil have executed a strategic cooperation agreement under which the companies plan to undertake joint exploration and development of hydrocarbon resources in Russia, the United States and other countries throughout the world, and commence technology and expertise sharing activities. The agreement, signed by Rosneft President Eduard Khudainatov and ExxonMobil Development Company President Neil [...]
Global disease awareness award Last night at an award ceremony in Paris, the 32 winning projects of the global disease awareness initiative 1 Mission 1 Million – Getting to the Heart of Stroke were announced. The projects were chosen by the public and a panel of experts. They will be awarded a share of the [...]
The Avaloq group, the reference for integrated and comprehensive banking solutions, has acquired a majority stake in B-Source AG, a leading banking business process outsourcer (BPO) in Switzerland. BSI, part of the Generali Group and original founders of B-Source, will remain a minority shareholder and an important customer of B-Source. BSI thereby ensures a forward-looking, [...]
