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Brazil enters new growth cycle
At the beginning of 2011, the Bradesco brand was considered the most valuable among Brazilian banks in a survey conducted by consulting firm Brand Finance, and the sixth most valuable among banks worldwide. This is just one of many international acknowledgments Bradesco has received over the years. Building on a 68-year tradition of excellent results – the bank began operations in 1943 – Bradesco posted record net income of more than $6bn in 2010, 25.1 percent up on 2009. The bank closed the year with total assets of $382.6bn, 26 percent more than in 2009, while total assets under management moved up by 24.3 percent to $523.7bn. Bradesco... -
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Kuwaiti FX broker wins key to Europe
Founded in 2005, Arab Financial Brokers (AFB) provides online brokerage and trading services, alongside micro trading services through its AFB and AFB Multi Terminal online trading platforms. Its clients can be found in 52 countries – they vary from individual speculators to asset managers, white labels and introductory brokers. And as a mark of the company’s progress, were awarded Best Arabic Online Platform and Support (2009, 2010) at the Middle East Forex Trading Awards. A closed shareholding corporation registered under Kuwaiti commercial law, AFB was created to address the increasing number of currency and futures trading demands in ... -
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Enel Group targets carbon neutrality
To protect the planet, as well as to ensure its competitiveness and develop its business, the Enel Group is investing in the best technologies available for reducing emissions of GHG and pollutants, as well as in innovative research. Enel’s strategy is based on five specific approaches, which cover all of the main elements of carbon neutrality:– Use of the best existing technologies: Enel’s thermoelectric generation operations are gradually moving towards a mix which includes the exclusive use of high-efficiency plants, and therefore, reduced emissions;– Developing ‘zero emissions’ sources of energy, such as renewable and nuclear ... -
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T&T targets new investor strategy
Along with its business opportunities, Trinidad and Tobago has committed to an open, market-driven economy, fuelled by trade liberalisation and both local and foreign investment. Its strategic location makes it a gateway to the Americas; and natural resources, a highly-educated labour force, excellent infrastructure developments and a pro-investment climate continue to attract business. The country boasts no foreign exchange controls and 100 percent ownership of locally-registered private companies, with legislation supporting a drive towards an enabling business environment. Trinidad and Tobago is focusing strongly on specific priority areas... -
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Emerging market tonic for pharmas
Pfizer, GlaxoSmithKline, Procter & Gamble, Astra Zeneca and Johnson & Johnson are among the immediately recognisable global brand names in the pharmaceuticals industry. Due to the non-cyclical nature of the industry, pharmaceuticals companies were some of the most likely to have prospered during the economic crisis, and the industry is expected to grow by five percent to seven percent in 2011. Despite facing serious challenges in some markets – as governments rein in spending by their national healthcare systems as part of their fiscal strategy – pharmaceuticals companies are profiting from growing demand from emerging markets... -
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Wind power becomes mainstream
Vestas, as the market leader, is taking wind power to new, unprecedented heights. Solid financial results for Vestas, in a testing year, have helped confirm wind as the leading source of renewable energy. Vestas’ order intake in 2010 increased by 182 percent, rising from 3,072 to 8,673 MW, the highest in the company’s, and the industry’s, history. The highlight was the EDP Renovaveis deal, the biggest order in the industry’s history. Signed between Vestas and the Portuguese company in April last year, the deal provides wind turbines with a total capacity of 1,500 MW to be delivered to North America, South America and Europe in 2011 an... -
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Wealth manager targets innovation
The investment management area of Banif, the Portuguese financial group, has been establishing a successful track record in terms of Growth and Innovation. Banif Investment Managers (BIM) recorded strong growth in 2010, with assets under management (in mutual funds, real estate funds, alternative asset funds, pension funds and other managed portfolios) reaching €4bn in December 2010, largely in Portugal, Brazil and Spain, a growth of 28 percent over the year. This growth in AuM took place in the final stage of a 5-year period between December 2005 and the end of 2010, during which AuM recorded sustained and significant growth of 127 percent... -
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Apple files patent suit against Samsung
Apple has filed a lawsuit against South Korean electronics group Samsung alleging its mobile phones and tablet computer are a copy of its iPhone and iPad. The case against Samsung was filed by Apple on Friday at the US District Court for the Northern District in California but details were not released until Tuesday when the Wall Street Journal obtained a copy of the file. Apple is alleging Samsung has breached several Apple patents and trademarks, saying: “Samsung’s Galaxy Tab computer tablet slavishly copies a combination of several elements of the Apple Product Configuration Trade Dress.” Examples cited in the lawsuit include pate... -
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Synthes reports merger talks with Johnson & Johnson
Swiss medical device manufacturer Synthes said on Monday it is in preliminary takeover talks with health conglomerate Johnson & Johnson. The deal could be worth up to $20bn and if completed would be one of the largest healthcare takeover deals in recent years, according to sources familiar with the process. The company said in a statement: “In response to market speculation Synthes confirms that it is engaged in discussions with Johnson & Johnson about a potential business combination transaction.” “No assurance can be given as to whether, when or on what terms any possible transaction might occur,” it added. Synthes sa... -
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Nestlé sales fall 9% but growth up 6.4%
Nestlé, the world’s biggest food group by sales, saw a 9 percent drop in Q1 sales to CHF22.26bn compared to CHF22.34bn the previous year, the company announced on Friday. The decrease in sales were due to the sale of its Alcon eye care business and foreign exchange rates by the Swiss franc which has been trading close to record levels against the Euro and dollar over the past three months, Nestlé said. Organic growth rose 6.4 percent despite a sharp increase in commodity prices and the currency impact, the Swiss confectioner reported. The company’s development of 6.4 percent reflects strong growth in emerging markets and price incre...
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