International Archives — Page 42 of 59

April 21, 2017 No Responses

Volumes in global derivatives hits 24.9b contracts

The World Federation of Exchanges (WFE) on Thursday published its annual report into the global derivatives market. According to WFE, Thursday’s report coincides with the WFE’s 34th IOMA Clearing & Derivatives Conference, taking place in Frankfurt, Germany. The event,...

April 19, 2017 No Responses

World Economics: Nigeria out of recession

The Nigerian economy is looking up, signalling an end of the recession, the World Economics declared on Tuesday. However, the London based organisation cautioned that “conditions remain difficult for businesses.” According to the body,“April Sales Manage...

April 17, 2017 No Responses

CMG eyes stake in Brazilian container port

Chinese state-owned corporation China Merchants Group (CMG) is looking to spread its footprint in Brazil as the company is reportedly in negotiations to buy Advent International Corp’s 50 percent stake in TCP Terminal de Contêineres de Paranaguá SA, loc...

April 17, 2017 No Responses

China’s first quarter growth beats expectations at 6.9%

(BBC) China’s economy grew by 6.9% in the first quarter of 2017, according to official figures. The growth rate, which compares expansion with the same three months in the previous year, was slightly higher than many economists had forecast. State-led...

April 17, 2017 No Responses

Turkey referendum grants President Erdogan sweeping new powers

Turkish President Recep Tayyip Erdogan has narrowly won a referendum to expand presidential powers, which could keep him in office until 2029. With 99.45% of ballots counted, the “Yes” campaign had won 51.37% and “No” 48.63%, and the el...

April 16, 2017 No Responses

Egypt, Nigeria, 10 others battle for YOG slots

Africa’s table tennis power houses – Egypt and Nigeria as well as 10 others will vie for the four slots available for Africa in the 2018 Youth Olympic Games (YOG) holding in Argentina. The teams – Egypt, Nigeria, Algeria, Tunisia,...

April 15, 2017 No Responses

North Korea ‘ready for nuclear attack’ amid show of force

(BBC) North Korea has warned the US not to take provocative action in the region, saying it is “ready to hit back with nuclear attacks”. The comments came as North Korea marked the 105th anniversary of the birth of its...

April 13, 2017 No Responses

WFE unveils cyber resilience standards

The World Federation of Exchanges (WFE), on Wednesday in London published a set of cyber resilience standards designed to be used by WFE members, and other market infrastructure providers, to ensure alignment and common minimum standards across the global syst...

April 13, 2017 No Responses

BMW records 254,862 global sales in March

BMW Group sales achieved their best ever in March 2017, with sales in the month totalling 254,862, a 5.9% increase year-on-year. It was also a record first quarter with sales of the BMW Group’s three premium brands, BMW, MINI and...

April 10, 2017 No Responses

Ban heavy fuel oil in Arctic Waters, EU Parliament tells IMO

Members of the European Parliament (MEPs) have called on the International Maritime Organisation (IMO) to ban the highly polluting marine fuel heavy fuel oil (HFO) from use in Arctic waters. Transport & Environment informed that the full European Parliamen...

April 8, 2017 No Responses

Hyundai, Kia to recall 1.5 million vehicles over premature engine wear

Hyundai Motor Company and Kia Motors Corporation plan recalls to inspect and, if necessary, replace four-cylinder engine assemblies in as many as 1.2 million U.S. vehicles, the South Korean companies said Friday. Manufacturing errors in Hyundai’s 2.0- an...

April 7, 2017 No Responses

WFE releases third annual sustainability survey

The World Federation of Exchanges (WFE) has released its annual global Environment, Social and Governance (ESG) survey. Now in its third year, the survey aims to capture the nature and extent of WFE engagement with ESG issues, and how this...

April 7, 2017 No Responses

World’s 1st Ship tunnel step closer to construction

Norway’s Stad Ship Tunnel project, also known as the world’s first full-scale ship tunnel, is moving toward construction process. Already, about $173million has been earmarked for the project in the first half of the planning period (2018 – 2029). Th...

April 6, 2017 No Responses

‘How criminal gangs use UK ports to defraud EU customs’

By Andrew Hosken (BBC) Systematic failures by UK customs officials have allowed criminal gangs to defraud the European Union of at least £2bn in just four years plus billions more in lost VAT, the EU anti-fraud office OLAF has claimed....