Guinness Nigeria, the country's second-biggest brewer is seeing a prolonged decline in sales and shares. The failing of the beer industry is part of a bigger national economic slowdown, whereas Nigeria, Africa's largest economy, seek out for loan to cover budget deficits.
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Hershey prioritizes meat brand over its core chocolate brands
Hershey, the leading chocolate maker, has shifted gear in 2016 and plans to focus more on its newly acquired meat brand, Krave Pure Foods Inc. With changing food habits, the market is now ready to accept snacks that are more rich in protein and less in sugars, and with this move, the sweet maker is all set to tap this niche market.
MSCI to delist few Hong Kong shares over high shareholding concentration
MSCI to delist Hong Kong firms over high shareholding concentration. The companies eliminated will not be eligible for enclosure in MSCI Global Investable Market Indexes until adequate public disclosure on their stockholdings is produced.
Japanese SBI Investment Lead Multi-Million Dollars Funding for Kraken
Kraken bitcoin exchange received a multi-million dollar Series B funding led by SBI Investment. As the funding was announced yesterday, the exact amount is still undisclosed.
Singapore's authority seizes account related with 1MDB
The Singapore's authority announced that it has seized a large number of bank accounts in a probe into alleged misappropriations related to 1MDB. Details regarding the bank accounts will be shared with investigators from Switzerland, United States and Malaysia.
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Abbott said that it has signed a definitive deal to acquire Alere for a net value of $5.8 billion in cash. Abbott expects the acquisition to be immediately accretive to its earnings per share upon completion.
21 people were arrested by the Chinese police on account of a huge online financial scam. The P2P online lender Ezubao had almost pulled off the biggest scam in wealth management product industry, with almost 900,000 investors losing around $7.6 billion (50 billion yuan).
Accomplice and two other investors provide seed funding to Lexumo. The company provides a unique platform to continuously check the security of every open source code available in the world.
China's benchmark Purchasing Managers' Index (PMI) fell to lowest in the three-and-a-half years. PMI was at 49.4 for January as against average forecast of 49.6. The PMI was 49.7 in December 2015. The disappointed China factory output data pulled oil prices lower.
Google has set a milestone in the field of artificial technology, with its latest innovation AlphaGo. The program has been designed to tackle the 10 to the power of 700 variations that the ancient Chinese game of Go offers. Additionally, they beat FaceBook in this race, as Zuckerberg had announced the launch of a similar program called Darkforest around the same time.
Yes, that is true. Sesame Street is now working with Collaborative Fund and investing $10 million in the new venture fund. The fund will focus on companies working on childhood development.
E.coli outbreak which contaminated nationwide Chipotle restaurants last year will be declared over. However, CDC has not been able to find the source of the outbreak.
Huge hedge funder Paul Singer donated 2.5 million US dollar, while his friend Cliff Asness, an investment magnate, sponsored 1 million US dollar to super PAC.
Michigan's legislature approved to give $28 million on Thursday in funding to aid the residents of Flint with recovery efforts. This approval came just over a week after the funding proposed by Michigan governor.
