Profitloss Centerstage Events

A law on compulsory military service for males in UAE took center stage on Sunday, 19 January 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 2

The Norwegian government initiates the privatization of Entra Holding AS,...

The Norwegian government initiates the privatization of Entra Holding AS, a state-owned real estate company with a $4.1 billion property portfolio. This divestiture is part of Norway's broader plan to reduce state ownership in Norwegian companies and may lead to the country's largest public listing since 2010. Norway currently owns a significant share of listed companies on the Oslo stock exchange.

Monday, 13 January, 2014

Petroleos Mexicanos (Pemex) sells $4 billion in bonds to refinance...

Petroleos Mexicanos (Pemex) sells $4 billion in bonds to refinance debt and fund capital expenditures. The issuance includes $500 million in five-year bonds, $500 million in 10-year bonds, and $3 billion in 30-year bonds. Strong demand is attributed to Mexico's recent credit upgrade and energy law reforms allowing greater private involvement. Pemex's issuance benefits from increased investor interest, prompting an increase in the 30-year tranche.

Tuesday, 14 January, 2014

Nigeria passes an anti-LGBT rights law, criminalizing gay marriage and...

Nigeria passes an anti-LGBT rights law, criminalizing gay marriage and membership in gay organizations with penalties of up to 14 years in prison. The law triggers concerns among activists about its impact on the gay community and beyond. The law's popularity among Nigerians may provide political gains for President Goodluck Jonathan, who faces internal challenges ahead of the 2015 elections.

Wednesday, 15 January, 2014

Bohuslav Sobotka, head of the Social Democratic Party, becomes the...

Bohuslav Sobotka, head of the Social Democratic Party, becomes the new prime minister of the Czech Republic, leading a coalition government. Sobotka replaces the caretaker government in power since August, pledging to prioritize economic growth, international competitiveness, citizen welfare, and restoring trust in the government. The appointment marks a step towards a stable government with a solid parliamentary majority.

Thursday, 16 January, 2014

Dropbox concludes a funding round, raising approximately $250 million and...

Dropbox concludes a funding round, raising approximately $250 million and valuing the online-storage provider at nearly $10 billion. The funding is led by BlackRock Inc. and involves previous investors. Dropbox's valuation places it among the most highly valued companies supported by venture capitalists, indicating confidence in its business model and growth potential.

Friday, 17 January, 2014

The UAE announces compulsory military service for males aged 18...

The UAE announces compulsory military service for males aged 18 to 30. Sheikh Mohammed Bin Rashid Al Maktoum, vice president and prime minister of the UAE, confirms the endorsement by the country's cabinet. The implementation timeline for this new policy has yet to be disclosed. The move aims to strengthen national defense capabilities and enhance the UAE's military readiness.

Saturday, 18 January, 2014

Credit card details of 20 million South Koreans are stolen...

Credit card details of 20 million South Koreans are stolen and sold to marketing firms by a computer contractor working for the Korea Credit Bureau. Regulators investigate security measures at the affected firms to prevent future data breaches. The incident highlights the need for robust data protection measures to safeguard personal information.

Sunday, 19 January, 2014