MBendi - World Business News

The London Stock Exchange may dump its �40 million electronic share trading platform

Fri, 03 Jul 2009 16:00:57 +0200

It has been reported that the London Stock Exchange may dump its �40 million electronic share trading platform TradElect. The platform, only updated a year ago by Accenture, could be switched off, according to ...

AFC, Afreximbank concluded first trade finance deal for the US$100million acquisition of an aircraft for Arik Air

Fri, 03 Jul 2009 15:58:55 +0200

It has been reported that Africa Finance Corporation (AFC), in partnership with African Export-Import Bank (Afreximbank), has concluded its first trade finance deal for the US$100 million acquisition of an aircraft for Arik Air Limited. The ...

Brazilian credit card services provider VisaNet made its debut as Brazil's biggest IPO ever

Fri, 03 Jul 2009 15:52:36 +0200

It has been reported that Brazilian credit card services provider VisaNet made its debut on the Bovespa stock exchange with a 13% gain. VisaNet is the biggest initial public offering worldwide so far this year and Brazil's biggest IPO ever. The ...

Australian Stock Exchange proposal to open the market to government debt

Fri, 03 Jul 2009 15:47:05 +0200

It has been reported that commonwealth and state bonds may be purchased on the Australian stock exchange under a proposal to open the market to government debt. Borrowing by state and commonwealth governments will rise to A$547.6 billion ($440 ...

The Hong Kong stock exchange said three companies had repurchased their ordinary shares in the market

Fri, 03 Jul 2009 15:43:00 +0200

It has been reported that the Hong Kong stock exchange said three companies had repurchased their ordinary shares in the market. The following is a table regarding share buybacks: No. of Highest Lowest ...

Taiwan Stock Exchange could begin cross-listing exchange-traded funds

Fri, 03 Jul 2009 15:40:56 +0200

It has been reported that Taiwan Stock Exchange executives indicated that the countries could begin cross-listing exchange-traded funds as soon as July. About three Hong Kong-listed ETFs will be introduced to Taiwan ...

ChemGenex Pharmaceuticals will remove its stock listing from the Nasdaq Capital Market

Fri, 03 Jul 2009 15:37:08 +0200

It has been reported that ChemGenex Pharmaceuticals will remove its stock listing from the Nasdaq Capital Market. The move will let the Melbourne, Australia, and Menlo Park-based company stop having to report to the U.S. Securities and Exchange ...

World Bank approved US$24.2 million to provide additional grants to Liberia for the Emergency Infrastructure Project

Fri, 03 Jul 2009 13:57:22 +0200

The Board of Directors of the World Bank approved a total of US$24.2 million to provide additional grants to Liberia for the Emergency Infrastructure Project (EIP), and Agriculture and Infrastructure Development Project. The additional grants ...

Guinea-Bissau gets IDA grant of US$8 million for economic governance reform

Fri, 03 Jul 2009 13:36:20 +0200

IDA Grant: US$8 million equivalent Project ID: P114277 Project Description: The main development objective of the First Economic Governance Reform Grant for Guinea-Bissau is to: promote efficiency, transparency and accountability in the use ...

World Bank approved a total of US$535 million to support three credit facilities in Ghana

Fri, 03 Jul 2009 13:13:43 +0200

The Board of Directors of the World Bank approved a total of US$535 million to support three credit facilities aimed at helping improve economic governance and stabilizing Ghana�s economy. They are: Economic Governance and Poverty Reduction ...

Ethiopia gets IDA credit of US$35 million for Sustainable Tourism Development Project

Fri, 03 Jul 2009 13:09:50 +0200

IDA Credit: US$35 million equivalent Terms: Maturity = 40 years; Grace period = 10 years Project ID: P098132 Project Description: The objective of the Sustainable Tourism Development Project in Ethiopia is to contribute to the ...

World Bank grant of US$180.62 million for DRC component of the Southern African Power Market Project

Fri, 03 Jul 2009 12:55:50 +0200

The World Bank�s Board of Executive Directors approved an additional Grant in the amount of US$180.62 million for the Democratic Republic of the Congo (DRC) component of the Southern African Power Market Project (SAPMP) approved in November 2003, ...

The World Bank approved US$5 million for HIV/AIDS and health project for the Republic of Congo

Fri, 03 Jul 2009 12:47:51 +0200

The World Bank�s Board of Directors approved additional financing in the amount of US$5 million for the extension of the HIV/AIDS and Health Project (PLVSS II) for the Republic of Congo. The initial grant of US$19 million (SDR 12.8 million) ...

Interventions of AfDB and World Bank over the next few years in Cameroon

Fri, 03 Jul 2009 12:38:47 +0200

Extensive consultations, jointly organized by the World Bank, the African Development Bank (AfDB), and the government of Cameroon, took place May 11-26, 2009 in Yaounde and Douala, with a view to planning the interventions of the two financial ...

South African electricity consumption after seasonal adjustment increased by 2,9%

Fri, 03 Jul 2009 12:15:05 +0200

Electricity consumption after seasonal adjustment for the three months ended May 2009 increased by 2,9% compared with the previous three months ended February 2009, indicating a turn in the decreasing trend since the beginning of 2008. The ...