Standard Chartered has opened a corporate bank in Angola, the London-listed group said on Monday, underscoring growing interest in Africa’s biggest oil producing country after Nigeria. Angola has seen rapid economic growth since the end of a civil war in 2002, helping attract foreign banks such as Africa’s top lender […]
Business News
AB InBev to regain grip on South Korea brewer OB for $5.8 billion
Anheuser-Busch InBev SA, the world’s largest brewer, has agreed to buy South Korea’s Oriental Brewery Co Ltd from KKR & Co and Affinity Equity Partners for $5.8 billion including debt, regaining ownership of a key Asian asset at a time of strong growth in the industry across the region. The […]
Shell warns of “significant” profit miss
Royal Dutch Shell (RDSa.L) warned on Friday that its fourth-quarter figures are expected to be significantly lower than recent levels of profitability because of oil and gas prices and problems with its refining business. The sharp cut in forecasts for earnings on a current cost of supplies basis (CCS), excluding […]
