Grab secures $200 mn funding from Stic Investments
The capital infusion puts Grab’s valuation at $14.3 billion
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Seven & i takes over Marathon Petroleum’s Speedway gas stations for $21 bn
The acquisition will help Seven & i to increase its store count in Canada and the US
Asian petroleum refiners worry over imbalance in demand and supply
Petrol refining margins slumped to 4 cents per barrel in the last week of July
Siemens Healthineers acquires Varian Medical Systems for $16.4 billion
Healthineers will gain a sizable market share in the rapidly growing field of cancer treatment
Nigeria topped Africa’s crude oil production in 2018: IEA
South Africa produced majority of the coal in Africa in 2018
Samsung plans to capture Indian smartphone market
The company holds second position in the smartphone market with 26 percent market share in the second quarter
HSBC reports unexpected first quarter profit amid Covid-19 pandemic
On a net basis, the bank reported a second-quarter profit of $192 million
Lloyds Bank announces £2.4 billion provision fund to tackle bad loans
The bank has reported a pre-tax loss worth £676 million in the first half of the year
PMI Comercio Internacional to revamp its fuel importing practices
Pemex imported 607,000 barrels of gasoline and other fuel per day in the first half of the year
Indonesia eyes thermal coal exports amid Covid-19 pandemic
Indonesia’s thermal coal exports declined by 8 percent in the first five months of 2020 compared with a year ago