BTG Pactual's reliance on market funding poses challenge for new boss SAO PAULO, Nov 27- The reliance of Brazil's Grupo BTG Pactual SA on market funding may pose an immediate challenge for new boss Persio Arida, who sought to calm clients on Friday after its shares fell for a third straight day. The São Paulo-based investment bank tapped Arida, a former president of Brazil's central bank, as acting chief executive officer following...
| By: Guillermo Parra-Bernal and Tatiana Bautzer
10.500 commitments by non-state actors to reduce climate change would precede COP21 After 20 years of negotiations, it is expected to complete the first agreement on climate change which demands all state-members to undertake long-term activities during the 21st edition of the Conference of Parties of the United Nations Framework Convention on Climate Change that will take place next week in Paris at the COP21. Within this context,...
Source: Globe Newswire
Naspers Limited (JSE:NPN) Today Announced Its Results for the Six Months to 30 September 2015 CAPE TOWN, South Africa---- Naspers today announced financial results for the six months to 30 September 2015. Core headline earnings grew 45% to R8, 8 bn, partly offset by an increase in development spend of R735m.“ These results are in line with our expectations,” said Naspers chair Koos Bekker.“ Naspers continues to build consumer platforms in growth markets.”.
Source: Business Wire
Dianrong.com and Hanwha Sign MOU to Start Global Expansion Journey The MOU was signed by the founder and CEO of Dianrong.com and the CEO of Hanwha, which emphasizes the importance of this cooperation for both companies. The joint venture company will combine Dianrong's advanced technologies and Hanwha's profound knowledge of finance to become a comprehensive fintech solution provider in the long term.
Source: PR Newswire
Highpower International Announces Receipt of Non-binding Investment Proposal SAN FRANCISCO and SHENZHEN, China, Nov. 27, 2015/ PRNewswire/-- Highpower International, Inc., a developer, manufacturer, and marketer of lithium and nickel-metal hydride rechargeable batteries, and a battery management systems and battery recycling provider, today announced that its board of directors has received a non-binding investment proposal letter...
Source: PR Newswire
Private equity goes bargain-hunting in Norwegian oil sector STAVANGER/ OSLO, Norway, Nov 26- Private equity investors are buying up assets in Norway's crisis-hit oil sector, betting on a recovery in crude prices and cutting deals with energy firms whose focus is elsewhere and are happy to generate some cash. Russian billionaire Mikhail Fridman and Sam Laidlaw, former chief executive of British utility Centrica, are among...
| By: Stine Jacobsen and Gwladys Fouche