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    Energy investors back CESP

    In July 2006, Companhia Energética de São Paulo (CESP) joined BM&FBovespa´s Corporate Governance Level One, which consists of a set of rules governing the relationship between the controlling shareholder, the board of directors, the executive board, the other company shareholders, and especially the capital markets. The adherence to BM&FBovespa’s Corporate Governance Levels better advertises the efforts of the company to improve the relationship with its investors and increases the potential for appreciation in asset value. The rules of Level One largely undertake to improve methods of disclosure to the market and to disperse t...
    On February 22, 2011 / By
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    Pirelli returns to F1

    In 1872, a young Italian engineer called Giovanni Battista Pirelli established Pirelli & C. in Milan and opened a plant manufacturing rubber articles. A century and a half later, Pirelli is now the world’s fifth largest tyre company in terms of sales, and a leader in high-end and high-tech development. Pirelli now has 20 plants on four continents, working in more than 160 countries all over the world, with a research centre in Italy and eight application centres the world over. It has more than 1,000 people working in research and development, and will continue to invest about three percent of its annual revenues in research over the n...
    On February 22, 2011 / By
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    Rethinking sustainability

    It is a pity that the most abundant metal in the earth’s crust, which is also one of the most useful to mankind, is so difficult to render into a useable form. The chemical properties of aluminium make it appear only in combination with other elements, forming compounds such as aluminium sulphate and aluminium oxide. Although scientists first extracted and identified the metal in 1825, it was not until 1888 that commercially viable processes were developed to obtain aluminium oxide from bauxite ore and extract the pure metal from aluminium oxide. The latter process, based on electrolysis, is still in use today, and its environmental impact ...
    On February 22, 2011 / By
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    IPO for US broker

    Achieving this success has been no small feat. The company’s progress over the last few years is a direct result of FXCM’s dedication to offering the most innovative trading platforms combined with a business model that works in the interests of both the broker and the customer. An integral part of FXCM’s success, according to Drew Niv, is its ability to embrace each customer’s individual needs. While many of FXCM’s competitors limit their traders’ experience by offering a one size fits all approach to trading, FXCM has learned that all customers are different and have a variety of needs and demands. An individual serviceFXCM offe...
    On February 22, 2011 / By
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    Banking group optimises on diversification

    When CBZ Holdings Limited became operational in June 2005, a period of intense growth through diversification began. This diversification propelled the establishment of CBZ Holdings (CBZH) as an entity poised to provide all client segments through various subsidiaries whose activities include banking, home loans, asset management, long term insurance, short term insurance, securities and properties. The various activities provided by the different subsidiaries of the group are meant to ensure that a wide range of clients’ needs are met under one roof. The products offered by CBZ Bank, the flagship of CBZ Holdings Limited include retail ban...
    On February 22, 2011 / By
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    IMF: Barbadian economy will grow 2.5% in 2011

    With the collapse of natural gas and oil prices, Trinidad and Tobago operated on a budgetary deficit to the tune of TTD3.8bn in the 2010 fiscal year. Net public sector debt is estimated at 49.4 percent of GDP, and the budget deficit is expected to grow to TTD7.7bn in 2011 while debt levels remain at just under 50 percent of GDP. If the government intends to borrow locally to meet the deficit, now is as good a time as any as interest rates are very low. The respective yields on 90–day and 180-day Treasury bills have fallen from 1.44 percent and 1.51 percent in November 2009 to a mere 0.35 percent and 0.48 percent respectively in November 201...
    On February 22, 2011 / By
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    Energy investors back CESP

    In July 2006, Companhia Energética de São Paulo (CESP) joined BM&FBovespa´s Corporate Governance Level One, which consists of a set of rules governing the relationship between the controlling shareholder, the board of directors, the executive board, the other company shareholders, and especially the capital markets. The adherence to BM&FBovespa’s Corporate Governance Levels better advertises the efforts of the company to improve the relationship with its investors and increases the potential for appreciation in asset value. The rules of Level One largely undertake to improve methods of disclosure to the market and to disperse t...
    On February 22, 2011 / By
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    ‘Ratio between quality and price’

    Mercator started 61 years ago as a Slovenian FMCG retailer. Today Mercator Group operates in seven markets in southeast Europe and has a long tradition in its core business – retail and wholesale of fast-moving consumer goods, as well as apparel, sportswear, hardware and electronics. It operates everything from large hypermarkets of more than 10,000sq m to supermarkets, convenience stores and small shops down to 100sq m, depending on the relative characteristics and needs of each local market, even on micro-location level. Currently Mercator operates more than 1,400 shops, has more than 23,000 employees, and expects revenues of €2.8bn for...
    On February 18, 2011 / By
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    Syria charts new economic terrain

    Tucked away along the eastern Mediterranean coastline, nestled at the crossroads of three continents, Syria has steadily covered ground on its ambitious development journey. Over the last decade or so, economic reforms have begun to pay dividends and the country has demonstrated that it can nurture natural growth, relying less on its dwindling oil revenues and more on the actual substance of an economy that was far behind on its own people’s needs. Economic initiatives were implemented that carved out enclaves of liberalisation and created room for private sector development after decades of central planning and stagnation. In the early sta...
    On February 18, 2011 / By
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    Peru: Capital goods sector looks to CG

    Ferreyros is a Peruvian company founded in 1922 and has been a Caterpillar dealer in Peru since 1942, being today the leading distributor of capital goods in the country. It serves key economic sectors such as mining and construction, and along with the country, has grown significantly in recent years, tripling its size in revenues in the last four years to show revenues of $1bn in 2010. During 2010 Ferreyros acquired the Caterpillar dealerships in Guatemala, El Salvador and Belize after receiving an invitation from Caterpillar to service its brand in new territory. In the last few years the corporation’s activities have been related to the...
    On February 18, 2011 / By