Profitloss Centerstage Events

The Brazil economy entering into a recession took center stage on Friday, 29 August 2014 among all major events across the globe, and remains the highlight of this week's list of center stage events.
Picture Courtesy: Profit loss

Centerstage events of week 4

President François Hollande of France appoints a new Cabinet led...

President François Hollande of France appoints a new Cabinet led by Prime Minister Manuel Valls. The new Cabinet includes ministers who opposed spending cuts, reflecting Hollande's efforts to address internal disagreements and maintain political stability.

Monday, 25 August, 2014

Tyson Foods agrees to sell its hog-purchasing division, Heinold Hog...

Tyson Foods agrees to sell its hog-purchasing division, Heinold Hog Markets, to resolve antitrust concerns raised by the U.S. Department of Justice regarding its acquisition of Hillshire Brands. This divestiture allows Tyson to proceed with its $7.7 billion acquisition and positions the company as a major player in the meat industry.

Tuesday, 26 August, 2014

YPF SA and Petroliam Nasional Bhd. (Petronas) sign an agreement...

YPF SA and Petroliam Nasional Bhd. (Petronas) sign an agreement to develop shale oil in Argentina's Vaca Muerta formation. This partnership involves an initial investment of over $500 million, with the potential for further investment of up to $9 billion over the next decade. The project aims to tap into the significant oil reserves in the remote Patagonian region.

Wednesday, 27 August, 2014

Brazil's economy enters a recession as GDP falls by 0.6%...

Brazil's economy enters a recession as GDP falls by 0.6% in the second quarter of the year, following a revised 0.2% contraction in the first quarter. The consecutive quarters of decline indicate a challenging economic situation for President Dilma Rousseff's government.

Thursday, 28 August, 2014

Donald Tusk, the Prime Minister of Poland, is chosen as...

Donald Tusk, the Prime Minister of Poland, is chosen as the President of the European Council, while Federica Mogherini is appointed as the High Representative of the Union for Foreign Affairs and Security Policy. These appointments reflect important leadership roles within the European Union and aim to address various political and diplomatic challenges.

Friday, 29 August, 2014

Prime Minister Tom Thabane of Lesotho flees to South Africa...

Prime Minister Tom Thabane of Lesotho flees to South Africa amidst allegations of a military coup. The situation in Lesotho remains tense as political instability unfolds, prompting concerns about the country's democratic process and stability.

Saturday, 30 August, 2014

Japan's Prime Minister Shinzo Abe aims to double Japanese investment...

Japan's Prime Minister Shinzo Abe aims to double Japanese investment and the number of Japanese companies in India within five years. The two countries plan to strengthen economic and security ties, with Japan committing to ¥3.5 trillion ($33.6 billion) of investment and loans to India over the next five years.

Sunday, 31 August, 2014