Principal Financial Group (PFG) has completed acquisition of Chile’s AFP Cuprum, following Empresas Penta and Inversiones Banpenta Limitada sold their 63% ownership in Cuprum. Initially, PFG acquired 90.4% ownership stake in Cuprum ...
Tags: PFG, acquisition, AFP Cuprum
US-based life insurer MetLife has inked a definitive agreement to purchase BBVA’s private pension fund administrator in Chile, AFP Provida (Provida), in a deal valued at almost $2bn. Based on the terms of the deal, the acquirer will ...
Tags: life insurer, underwriter, pension industry
US law enforcement has announced charges against three alleged East European cyber thieves accused of stealing banking information from computers across Europe and the US, including at the space agency NASA. The "alleged international ...
Tags: computers, global cyber theft, cyber thieves
Prime Minister Nouri al-Maliki held talks with ExxonMobil chief Rex Tillerson (pictured) on Monday. AFP reports that the meeting was the first between the two since the firm signed an oil exploration agreement with Kurdistan in October ...
Tags: Maliki, Exxon Boss, Rex Tillerson, oil exploration agreement
Kuwait MPs have overwhelmingly ratified the $500-million settlement deal to end the 22-year-old dispute between Kuwaiti Airways Corporation (KAC) and Iraqi Airways. Iraqi Airways agreed in July to pay the compensation to KAC for damages ...
CHINA'S currency will continue to rise this year with its internationalisation developing at a rapid pace, HSBC's currency analysts say in a report released yesterday. In its latest worldwide currency outlook, HSBC says it expects to see ...
Tags: Yuan, currency, currency research, exchange rate
Lenovo has unveiled a home tabletop touch-screen computer aimed at turning typically solitary online activities into family affairs. The Chinese computer colossus proclaimed the arrival of the"interpersonal PC"with the debut of the ...
Tags: Lenovo, Family Affair, interpersonal PC, table computer, Windows 8
A power station in the south of Iran has been hit by a cyberattack, an Iranian news agency reported Tuesday, citing a local civil defense official. But now agency and official are in dispute over whether he really made the remarks. The ...
Tags: Iran, cyberattack, ISNA, virus
Russia's crude oil production hit a record high of 518 million mt (10.4 million b/d) in 2012, preliminary data released Wednesday by the energy ministry's Central Dispatching Unit showed, as the country cemented its position as the world's ...
Tags: Russia, crude oil production, oil, oil industry
Same and next-day gas prices on the UK's NBP trading hub were valued below 61.00 pence/therm on the last trading day of the year, around 7 pence down on the start of the month. The within-day contract was valued at 60.50 p/th at 1200 ...
Tags: gas prices, gas market, UK, gasd indusrty
AFP reported that Russian President Vladimir Putin unveiled the final extension of a new USD 25 billion oil pipeline to the Pacific that marks the energy power's gradual shift away from weak European markets. The East Siberia-Pacific ...
Tags: AFP, Vladimir Putin, energy power, oil industry
Since its inception in 2002, the Nabucco natural gas pipeline has undergone a number of transformations, most recently into a much shorter link designed to carry Azeri gas from the Turkish border into southern and central Europe. But ...
Tags: Nabucco, natural gas pipeline, gas, company news
China on Saturday showed off the final link of the world's longest high speed rail route set to begin whisking passengers from Beijing to Guangzhou next week in a third of the time currently required. The much anticipated opening of high ...
Tags: high speed, rail, service, track
AFP quoted British oil giant BP saying that it had agreed to sell its stake in China's Yacheng gas field to the state owned Kuwait Foreign Petroleum Exploration Company as part of a divestment program. BP said that it has agreed the sale ...
Tags: BP, China gas, South China Sea, Yacheng gas
China is responsible for more than 90% of the global supply of rare earths and a few years ago embarked on a crackdown on illegal rare earth mines and consolidation of the industry under a few large producers. Controversially the country ...
Tags: China, Rare Earth, Metallurgy