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Timeline: SABMiller would be culmination of years of deals for AB Inbev

Timeline: SABMiller would be culmination of years of deals for AB Inbev

REUTERS: Anheuser-Busch InBev has approached its biggest rival SABMiller with about a takeover that would form a brewing group producing a third of the world’s beer. AB InBev has already grown into the world’s biggest brewer through a string of deals to give it ownership of a wide range of international brands, including Budweiser, Corona, […]

October 7, 2015 | By | Reply More
Banks in Zimbabwe target SMEs

Banks in Zimbabwe target SMEs

Zimbabwe, Oct 7: Simon Hammond, managing director of Central African Building Society (CABS) has revealed that banks are now targeting SMEs in Zimbabwe and are interested in the US$7.4b that is circulating in the informal sector, according to a Finscope Survey.   A recent report revealed the surge in developing strategies to lure SMEs comes […]

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Moody's maintains US credit rating and stable outlook

Moody's maintains US credit rating and stable outlook

NEW YORK: Ratings agency Moody’s Investors Service upheld the United States’ triple-A credit rating and stable outlook on Wednesday, but it noted potential longer-term threats to the rating. Moody’s, which has never changed the United States’ triple-A rating, said the rating was supported by factors including a strong record of gross domestic product growth and […]

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Heineken boosts Caribbean, Malaysian presence

Heineken boosts Caribbean, Malaysian presence

As majority owner, Heineken will be able to drive the investment and strategic direction of the operating companies in Jamaica and Malaysia. THE HAGUE: Dutch beer giant Heineken Wednesday announced a deal worth 696 million euros ($780 million) with the world’s biggest distiller, Diageo, to boost its presence in the Caribbean and Malaysia. Heineken has […]

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Oil up as US production falls, stockpiles draw

Oil up as US production falls, stockpiles draw

LONDON: Oil prices rose on Wednesday after data showed the market was beginning to tighten, with falling supply, higher demand and lower inventories after two years of heavy surplus. The U.S. government’s Energy Information Administration (EIA) said in a monthly report global oil demand should increase by its fastest rate in six years in 2016, […]

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Volkswagen's India unit investigating Polo cars: spokesman

Volkswagen's India unit investigating Polo cars: spokesman

NEW DELHI: German carmaker Volkswagen AG’s India unit is investigating the Polo hatchback cars it sells in the country over “technical issues”, a spokesman of the local unit told Reuters on Wednesday. The spokesman said the investigation is not related to the diesel emissions scandal over which the company is facing a probe in the […]

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And the CES Panelist are …

And the CES Panelist are …

Can’t wait for the 2016 CES? No worries. CES Unveiled Paris will keep you busy and feed your excitement until the next big event that industry professionals have been waiting for all year long. CES makes public today the list of panelists for the third installation of CES Unveiled Paris and it includes top executives […]

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Volkswagen board in crisis talks ahead of emissions scandal deadlines

Volkswagen board in crisis talks ahead of emissions scandal deadlines

WOLFSBURG, Germany: Volkswagen’s supervisory board was holding crisis talks on Wednesday, facing deadlines from German regulators and U.S lawmakers to explain its rigging of diesel emissions tests and what it is doing to tackle the scandal. The 20-person board gathered at the German carmaker’s headquarters in Wolfsburg at around 9 a.m. (0700 GMT). Sources close […]

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Special Parliament sitting to discuss TPP likely: Mustapa

Special Parliament sitting to discuss TPP likely: Mustapa

PUTRAJAYA: There may be a special Parliament sitting to discuss the details of the Trans Pacific Partnership Agreement (TPP), says International Trade and Industry Minister Datuk Seri Mustapa Mohamed. The text is currently being finalised and will be made available to the public in about 30 days. The final document, together with two separate cost-and-benefit […]

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Bursa Malaysia ends higher

Bursa Malaysia ends higher

KUALA LUMPUR: Bursa Malaysia ended higher today, lifted by persistent buying interests in most heavyweights and lower-liners. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 26.74 points, or 1.61%, to 1,689.25, after moving between 1,657.73 and 1,690.79 throughout the day. Inter-Pacific Research Sdn Bhd Head of Research, Pong Teng Siew, said the […]

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