June, 2016

• 12 June

  Anti-trust regulators approve Bradesco to buy HSBC Brazil unit

  

    Bloomberg Brazil antitrust regulators approved Banco Bradesco SA’s acquisition of the local unit of HSBC Holdings Plc, adding a restriction that the buyer refrain from additional purchases for 30 months. Bradesco will also have to improve quality control, invest in worker training and disclose to its clients the local law that allows customers to switch banks, Cade, the antitrust ...

  Read More »
• 12 June

  Poland appoints economist as new central bank head

  

    AP Poland’s lawmakers have approved economist Adam Glapinski to be the nation’s new top banker. Glapinski succeeds Marek Belka, whose six-year term as head of the National Bank of Poland expired. The 66-year-old Glapinski is a member of the bank’s Monetary Policy Council and its board of managers, and is considered to be a moderate. He has vowed to ...

  Read More »
• 12 June

  Guy Hands shows why private equity shouldn’t sue bankers

  

    Bloomberg Here’s a tip to buyout funds that rely on bank debt to buy promising companies. Don’t take those same banks to court unless you’re sure you have a very, very good case. Terra Firma’s Guy Hands clearly thought he had his reasons to haul Citigroup before a London court this week over his 4 billion-pound (US$5.7 billion) 2007 ...

  Read More »
• 12 June

  ‘Sharing’ the way from road to riches

  

    Paris / AFP Auto giants are racing to invest in car- and ride-sharing services, lured by the prospect of fat profits yet to be tapped from a billion cars on the world’s roads. A typical car spends 95 percent of its life at a standstill, industry analysts say, making it a vastly under-utilised, depreciating asset. There may be big ...

  Read More »
• 12 June

  Intuition: The superpower that drives success

  

    Marcel Schwantes Tribune News Service Let me ask you: What personal attributes would you say give you a competitive edge? Is it your persuasiveness? Emotional intelligence? Drive to achieve? Is it the ability to understand how Millennials think and how best to lead them? So many of us have untapped, X-men-like skills and abilities that we have yet to ...

  Read More »
• 12 June

  Designed to make a difference

  

    Sunaina Rana/ Emirates Business Braun, the leading provider for international beauty and grooming products for women and men, has stepped into the Middle East market under the flagship of The New Store LLC (TNS) of Mustafa bin Abdullatif Holding LLC company(MBAL Holding). Braun’s Lifestyle range has been catering to the beauty industry for over 60 years. The latest store ...

  Read More »
• 12 June

  Sustainable maintenance solutions and smart home products

  

    Our Correspondent EMIRATES BUSINESS Hitches & Glitches is a successful UAE-based home maintenance company that has been built on reliability, quality workmanship and value-for-money. The company started operations in 2010 with just one vehicle and five technicians. Now a part of the Farnek Group, Hitches &Glitches has over 200 vehicles, employs more than 3000 highly trained technicians and serves ...

  Read More »
• 12 June

  American jobs slowdown to keep Fed’s hand off rate-hike button

  

    Washington / AFP The unexpected downturn in the US jobs market has once again removed an interest rate hike from the table as the Federal Reserve meets on monetary policy this week. Analysts say the dismal May jobs report released on June 3, the worst in almost six years, and still-weak inflation will stay the hand of the Federal ...

  Read More »
• 12 June

  Dr. Reddy’s to buy Generics from Allergan, Teva for $350mn

    Bloomberg Dr. Reddy’s Laboratories Ltd. agreed to buy a handful of generic products, most of them awaiting U.S. regulatory approval, from Teva Pharmaceutical Industries Ltd. and a unit of Allergan Plc, a transaction required for Teva to be allowed to proceed with the takeover of Allergan’s generics business. Dr. Reddy’s will pay $350 million in cash, the Hyderabad, India-based ...

  Read More »
• 12 June

  Chile CPI above target at 4.2% as Central Bank keeps bias

    Bloomberg Chile’s inflation rate was unchanged in May, above the target range, as central bank President Rodrigo Vergara used price-growth to explain the bank’s continued tightening bias in monetary policy as unemployment rises. Prices increased 4.2 percent from the year earlier, the National Institute of Statistics reported. In the month, prices gained 0.2 percent, the agency said. Policy makers ...

  Read More »