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General News

Tata Steel and thyssenkrupp sign definitive Joint Venture agreements to create new steel champion in Europe

Tata Steel and thyssenkrupp AG today signed definitive agreements to combine their European steel businesses in a 50/50 joint venture in a new company. This follows the signing of a Memorandum of Understanding in September 2017. The proposed new company, to be named thyssenkrupp Tata Steel BV, will be positioned as a leading pan European […]

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European distillate oversupply means some shippers take the long route around Africa

In Europe, the combination of low winter heating demand, high refinery runs, and increased imports have kept distillate fuel oil inventories in the Amsterdam, Rotterdam, and Antwerp (ARA) area far above normal. Higher inventories have lowered distillate futures prices in the ARA area to a point where inventories are being held in floating storage and […]

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MasterCard Study of Social Conversations Reveals Consumers are Embracing the Next Generation of Payments

In 2015, consumers embraced the increasing choice of digital payments options available to them, moving beyond the simple question of “what’s next?” Across the globe, cardholders are asking banks and retailers to provide real-life, ready-to-use mobile payments options, proven by social media comments more than doubling in just one year. These insights lead the findings […]

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Zurich to expand operations in North America by acquiring RCIS

Zurich, December 18, 2015 / Zurich to acquire RCIS, a leading provider of agricultural insurance in the United States and a leader in the U.S. crop insurance market. This will expand Zurich’s existing portfolio of products and services, strengthening a top five position in U.S. commercial insurance. Zurich Insurance Group (Zurich) announced today that its subsidiary […]

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UPS Triples The Size Of Louisville Package Facility

$300 million ground sorting facility expansion addresses package growth, to add 300 jobs UPS (NYSE:UPS) announced it will triple the size of its “Centennial” ground package sorting facility in Louisville and will nearly double package processing rates.  Separate from UPS Worldport® international air hub, this project will cost an estimated $300 million and should be […]

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Venezuela’s Central Bank Files Lawsuit to Shut Down Black Market Currency Website DolarToday for Falsifying Exchange Rates

WILMINGTON, Del., Oct. 23, 2015 The Central Bank of Venezuela, represented by law firm Squire Patton Boggs, today filed suit in U.S. District Court to halt the operation of DolarToday LLC, an offshore website that allegedly misrepresents and falsifies Venezuela’s national currency rates in an attempt to further destabilize the country’s economy. According to the suit, […]

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The European Bank for Reconstruction and Development (EBRD) launches Women in Business programme in Egypt

The European Bank for Reconstruction and Development (EBRD) has teamed up with Egypt’s largest commercial bank to launch a Women in Business (WIB) programme aimed at strengthening the role of female entrepreneurs in the Egyptian economy. This programme is being launched in collaboration with the National Bank of Egypt (NBE), providing a comprehensive package of […]

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