two sources told Reuters that Emirates would hire former Standard Chartered Plc's executive Manoj Chawla as its Chief Risk Officer.
Investors
Suntech restructures debt through new programs
Suntech Power, the solar energy corporation, announced a plan to convert debt to equity as well as inclusion of a new strategic partner.
Vestiaire Collective raises USD20 million
Vestiaire Collective had raised USD20 million Series C funding to fuel international growth. Vestiaire Collective received USD20 million Series C funding from Condé Nast, previous investor Balderton and Ventech as well as Indivest.
WPP Plc buys stake in Candyspace
WPP Plc announced its purchase of a stake in the multi-platform agency Candyspace Media Ltd. WPP Plc, the advertising firm, announced it had acquired a minority stake in Candyspace Media Ltd, a multi-platform agency based in the United Kingdom.
KeyLemon receives USD1.5 million Series A funding
Swiss startup KeyLemon had received USD1.5 million in Series A funding from Debiopharm Investment and Swisscom Ventures.
Latest News
South African Airways and Brazil's TAM Airlines signed a codeshare agreement to increase travelers' access to destinations in both countries.
The Dogan Group made a USD 742 million offer to purchase 53% of Digiturk, a digital pay-TV provider.
Mark Carney, Chairman of the Financial Stability Board, said banks had infused fresh capital amount to half a trillion dollars since 2009.
John Malone, the US cable magnate who owns Liberty Global Plc said the company would consider proposals but is content with how the company is at present.
Findim Group said it would be willing to support the sale of Telecom Italia's shares for as long as a plan to return value to its shareholders was put in place.
Fotowatio Renewable Ventures won financing from two Australian banks to finance its Royalla solar project.
Mumbai-based Kingfisher Airlines sued International Aero Engines for engine defects. Mumbai-based Kingfisher Airlines Ltd filed a lawsuit against International Aero Engines (IAE) for defects in the planes' engines.
Malaysian media outlet PopDigital acquired lifestyle platform Tongue in Chic Malaysia-based PopDigital Sdn Bhd said in an announcement that it has acquired lifestyle platform Tongue in Chic.
Global Ports Investments announced that it had agreed to acquire the National Container Company for USD 652 million.
