Fitch upgrades rating to all notes due to management action Fitch Ratings announced today that Generali’s senior notes were upgraded to Afrom BBB+, the €1bn 4.125% subordinated notes to BBB+ from BBB and all subordinated notes to BBB from BBB-. At the same time, IFS (Insurer Financial Strength) rating of… Read More »
Generali signs global deal to target high-growth markets through the mobile channel The Generali Group and Obi Worldphones™ announced a pioneering exclusive deal through which Generali expects to leverage the mobile channel in as many as 20 high-growth markets by 2017. Generali’s apps will be embedded in Obi’s Worldphones with… Read More »
Syngenta comments on Monsanto announcement The Board of Syngenta confirms that it received a verbal proposal from Monsanto to acquire the company at a price of CHF245 in cash and a fixed ratio of 2.229 Monsanto shares per Syngenta share. At market close on August 25 this equated to a… Read More »
Gazprom’s CEO Alexey Miller, meets Eni’s CEO, Claudio Descalzi in Moscow The Chief Executive Officer of Gazprom, Alexey Miller, met in Moscow the Chief Executive Officer of Eni, Claudio Descalzi. During the meeting, which was held in an atmosphere of cordiality, they discussed, among other things, over the global energy… Read More »
London Pensions Fund Authority names acting Chairman The London Pensions Fund Authority today announced that Sir Merrick Cockell will take over as its acting Chairman. The position is a natural progression for Sir Merrick, who joined the LPFA Board in October 2010 and, as its Deputy Chairman since January 2013,… Read More »
Heineken new sponsor Van Gogh Museum Heineken N.V. has entered into a three-year sponsor contract with the Van Gogh Museum in Amsterdam. Axel Rüger, Director of the Van Gogh Museum: ‘We are proud to be associated with a brand that, similarly as in the case of the Van Gogh Museum,… Read More »
Syngenta plans divestment of Flowers seeds business Syngenta announced today its intention to divest its premium Flowers seeds business from its Lawn and Garden operating unit. Divestment would enable the new entity to play a leading role in the consolidation of the home gardening market, which is taking place in… Read More »
REYL Overseas Ltd now has an office in the United States A subsidiary of the REYL & Cie bank, REYL Overseas Ltd has opened its first branch in Santa Barbara (Los Angeles) in the United States. Managed by Simon H. Clark and registered as an Investment Advisor with the Securities… Read More »
Statement of support from the editors As editors of The Economist since 1974, we welcome the announcement today about the sale of the FT’s 50% shareholding in The Economist Group. We do so because the proposed transaction will maintain the editorial independence of The Economist itself, and strengthen the corporate… Read More »
State Street Global Advisors Expands Real Estate Offering with New ETF State Street Global Advisors (SSGA), the asset management arm of State Street Corporation (NYSE: STT), today announced the launch of the SPDR FTSE EPRA Europe ex UK Real Estate UCITS Exchange-Traded Fund (ETF). The fund, which listed on the… Read More »
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