Tue Nov 11, 2014/Reuters Alibaba Group Holding Ltd (BABA.N) said more than $6 billion of goods have been sold so far during its annual Singles’ Day online shopping frenzy, as customers jumped on heavily discounted goods to send sales surging past 2013’s record high. More than 39 billion yuan ($6.4 […]
Capital Market
Saudi Arabia to introduce credit rating agency rules in Sept 2015
Nov 11, 2014/Reuters Middle East Saudi Arabia’s capital market regulator will introduce rules for credit rating agencies next September, part of reforms aimed at modernising the financial sector of the world’s top oil exporter. The rules, which outline the conduct, activities and supervision of credit rating agencies, will help to […]
Lafarge Africa Approves Purchase of 30% Stake in United Cement
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Lafarge Africa Plc said on Monday it had entered into an agreement with Flour Mills of Nigeria to purchase a 30 percent stake in United Cement Company of Nigeria. Lafarge said in a statement in pursuant to the agreement, a first 15 percent tranche would […]
