Category: News

Walgreens Pharmacy
March 28, 2024 BY Simon Mugo

Walgreens Incurs $5.8Bn Charge on VillageMD Amid Cost-Cutting

Under the leadership of CEO Rosalind Brewer, the company sought to enhance its healthcare offerings by investing heavily in VillageMD, a network of doctors' clinics known for consuming substantial cash flows. Over recent years, Walgreens has poured more than $6 billion into acquiring a majority stake in VillageMD, further bolstering its healthcare footprint with a…

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Hong Kong
March 28, 2024 BY Elizabeth Anderson

Bondholders Opposed to Shimao Group’s Restructuring of Offshore Debt

In a Chinese property landscape full of obstacles, this casts an ever-growing shadow over the property developer’s future. Based on a Reuters report, the offshore creditors’ financial advisor, Houlihan Lokey, said:  The ad hoc creditor group firmly opposes Shimao’s restructuring proposal, (and) will unequivocally vote against it and other scheme creditors ought to do the…

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Texas
March 28, 2024 BY Elizabeth Anderson

Kimberly-Clark Announces Next Phase in its Strategic Transformation

They include a new operating model and core commercial initiatives to accelerate the company’s growth. With brands such as Kleenex and Huggies, this company is a global leader in consumer goods. Going forward, the business will operate through three segments – North America, International Personal Care, and International Family Care and Professional – to streamline…

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Deutsche Bank building
March 28, 2024 BY PureContent

Deutsche Bank Releases Singapore Dollar Bonds

The offering has drawn significant attention from investors not only in the Asia Pacific region but also globally. Fiona Ip, Deutsche Bank’s APAC treasurer, commented: Importantly, this issuance also represents the attractiveness of the Singapore dollar bond market, following strong recent deal flow and investor interest. Deutsche Bank returns to the SGD market for the…

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Trump tower with US flag
March 28, 2024 BY Elizabeth Anderson

Trump Media & Technology Group Makes Mark With IPO

According to Yahoo Finance, Donald Trump’s share in the company could reach more than $4bn. Trump Media & Technology merged with a blank check company, Digital World Acquisition Corp., (DWAC), before going public. Based on S&P Capital IQ information, this special purpose acquisition company (SPAC) has been trading since 2021 and lost approximately $41m in…

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March 27, 2024 BY Simon Mugo

JPMorgan Seeks To Attract Investments Via New Wealth-Planning Tool

This user engagement has created around a million financial plans, doubling those previously established in direct consultations with financial advisors. Kristin Lemkau, CEO of JPMorgan Wealth Management, emphasised the importance of planning in achieving personal financial goals, stating, "Planning helps people think about what they truly want in life. It's not just about wanting to…

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Media Tower
March 27, 2024 BY Elizabeth Anderson

Rai Way Planning to Invest €240m by 2027

According to information from Reuters, the company foresees core profit growth (EBITDA) of roughly €207m (3.5%) and revenue increases of about €316m (3.8%). The organisation indicated that these increases include its traditional activities and diversified enterprises. Reuters cited Rai Way’s CEO, Roberto Cecatto, who said: We are striving for a Rai Way that … is…

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March 27, 2024 BY Robert Bell

Unilever’s Ice Cream Shares Might Be Set for Amsterdam Launch

The spinoff from the main ULVR stock will cover the division, based in the Netherlands, that controls worldwide brands such as Ben & Jerry’s, Wall’s, and Magnum. They’ve recently hired major banks like JP Morgan and Morgan Stanley to gauge the level of interest in the market for this brand as they get set for…

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CBDC
March 27, 2024 BY Elizabeth Anderson

SWIFT Plans New Central Bank Digital Currency Platform for Cross-Border Transfers

This solution, known as the connector, reportedly enables the seamless incorporation of the use of CBDCs into business practices. Thirty-eight institutions participated in the experiment, including central commercial banks and markets. These included global leaders such as Deutsche Bank, Société Générale, ANZ and Citibank. The outcomes showed the innovation simplifies and expedites trade flows, promotes…

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March 27, 2024 BY PureContent

FP Markets Named Best in Class for Commissions & Fees, Algo Trading and MetaTrader

The Best-In-Class status for excellence was awarded to FP Markets in multiple prestigious categories at the Forexbrokers.com 2024 Awards on 23 January, marking an impressive series of consecutive accolades: Commissions and Fees (4th consecutive year) MetaTrader (4th consecutive year) Algo Trading (3rd consecutive year) The Best-In-Class awards highlight and further cement FP Markets' position as…

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