Category «News»

Private business sector in Myanmar taking the leading role in the country’s development of urban development, banking and finance, as well as logistics and supply chain sectors

Yangon, 11 January 2013¡V Sphere Conferences and the Republic of Union of Myanmar Federation of Chambers of Commerce & Industry (UMFCCI) today announced that they will jointly organise a series of industry-specific investment conferences showcasing investment opportunities in the urban development, banking and finance as well as logistics and supply chain sectors starting from May …

Rio Tinto impairments and management changes

Rio Tinto expects to recognise a non-cash impairment charge of approximately US$14 billion (post tax) in its 2012 full year results. These impairments include an amount of approximately US$3 billion relating to Rio Tinto Coal Mozambique (RTCM), as well as reductions in the carrying values of Rio Tinto’s aluminium assets (mostly Rio Tinto Alcan (RTA) …

IMF Executive Board Completes First and Second Reviews Under Extended Fund Facility Arrangement for Greece and Approves €3.24 Billion Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the first and second reviews of Greece’s economic performance under a program supported by a four-year Extended Fund Facility (EFF) arrangement for Greece. The completion of the review enables the disbursement of an amount equivalent to SDR 2.798 billion (about €3.24 billion or US$4.3 …

Mobile Wearable Devices & Smart Glasses to reach Sales of almost 70 million by 2017, finds Juniper Research

App-enabled fitness and health devices along with smart glasses to drive consumer demand Hampshire, UK – 16th January 2013: A new report from Juniper Research finds that there will be a total of almost 70 million smart wearable devices sold in 2017, including smart glasses, health and fitness devices along with enterprise wearables, compared to …