Issa Transport consolidates - Merging 8 companies into 3
The Issa Transport Group (ITG), owned by the House of Issa, is spending up to US$4 million ($260 million) to refine its operations in a strip-down from eight companies to three by January 2008.
GraceKennedy restructures
GraceKennedy Limited (GK) yesterday unveiled its new corporate structure which its chairman and CEO, Douglas Orane, says will create a more streamlined and efficient operation that will send an estimated $300 million a year to the bottom line.
Capital Solutions offering equipment financing - To lend at 8-11%
Capital Solutions Limited, an asset management and financial advisory firm, has partnered with United States-based M&T Bank to offer loan financing of US$1 million or more for equipment purchases.
Mainland to import 200,000 tonnes of cement annually
Hardware merchants Mainland International hopes to capture 20 per cent of the local cement market with plans to import an annual 200,000 tonnes of the commodity, alongside output from its planned grinding and bagging facility.
Dollar rises higher ahead of Fed meeting, stocks mixed
LONDON (Reuters): The dollar ticked higher yesterday, buoyed by expectations that the United States Federal Reserve will reiterate inflation concerns after this week's policy meeting, while stocks were mixed after patchy earnings.
Torrijos wins public support for US$5 billion Panama Canal expansion
PANAMA CITY, Panama (Reuters): President Martin Torrijos, son of a populist dictator who wrestled control of the Panama Canal from the United States (U.S.), is following in his father's footsteps at the helm of a huge expansion for the waterway.
Royal Dutch Shell offers US$6.8b for minority stake in Shell Canada
AMSTERDAM, Netherlands (AP): Royal Dutch Shell PLC offered C$7.7 billion (US$6.8 billion) Monday to buy the 22 per cent it doesn't own of its Shell Canada Limited subsidiary, aiming to simplify its corporate structure and increase ownership of Canadian...
CVRD completes US$17b takeover of Canada's Inco
PAULO, Brazil (AP): Brazil's CVRD yesterday completed its US$17 billion takeover of Canadian nickel miner Inco Limited, acquiring control of the company in a move cheered by investors amid strong demand for its products.
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