Profitloss Centerstage Events

The death of one of the two white rhinoceros in Kenya took center stage on Saturday, 18 October 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

Bank of China Ltd. is set to sign a memorandum...

Bank of China Ltd. is set to sign a memorandum of understanding with Enel, Italy's largest utility, to provide up to €1 billion in financing. This marks Enel's first direct funding from a Chinese lender and opens avenues for potential project financing in China and other locations. The agreement is part of Chinese Premier Li Keqiang's visit to Rome, signifying growing economic ties between China and Italy.

Monday, 13 October, 2014

Brazilian companies Cutrale-Safra raise their takeover offer for Chiquita Brands...

Brazilian companies Cutrale-Safra raise their takeover offer for Chiquita Brands International Inc. in an attempt to disrupt Chiquita's planned merger with Fyffes PLC. The increased offer, valued at $717 million, reflects Cutrale-Safra's determination to acquire Chiquita and underscores the competitive dynamics in the global fruit industry.

Tuesday, 14 October, 2014

New Zealand, Malaysia, Angola, Spain, and Venezuela are elected to...

New Zealand, Malaysia, Angola, Spain, and Venezuela are elected to serve on the United Nations Security Council for a two-year term starting in 2015. These countries will join the influential international body responsible for maintaining global peace and security, contributing to decision-making and addressing pressing global challenges.

Wednesday, 15 October, 2014

Old Mutual PLC announces its acquisition of U.K. wealth-management firm...

Old Mutual PLC announces its acquisition of U.K. wealth-management firm Quilter Cheviot for up to £585 million. This strategic move strengthens Old Mutual's wealth management business and is expected to generate synergies, further consolidating its position in the competitive financial services sector.

Thursday, 16 October, 2014

A critically endangered male northern white rhinoceros, one of only...

A critically endangered male northern white rhinoceros, one of only two known males capable of natural mating, dies in Kenya. This unfortunate event highlights the dire situation faced by the northern subspecies of white rhinoceros, bringing the conservation efforts for these majestic creatures into sharp focus.

Friday, 17 October, 2014

Qatar's sovereign-wealth fund purchases a 19.9% stake in Lifestyle International...

Qatar's sovereign-wealth fund purchases a 19.9% stake in Lifestyle International Holdings, the owner of Hong Kong's Sogo department store, for HK$4.78 billion. This strategic investment strengthens Qatar's presence in the retail sector, particularly targeting Chinese shoppers who frequent Lifestyle's department stores. Qatar Investment Authority will nominate a nonexecutive director to Lifestyle's board, further cementing its influence in the company's decision-making processes.

Saturday, 18 October, 2014

Joko Widodo is inaugurated as the President of Indonesia, bringing...

Joko Widodo is inaugurated as the President of Indonesia, bringing a fresh leadership approach to the country. Known as Jokowi, he is a non-elite politician and businessman, emphasizing a people-centric approach. Widodo's previous experience as the governor of Jakarta and mayor of Surakarta has shaped his commitment to social and economic development, promising a new era for Indonesia under his leadership.

Sunday, 19 October, 2014