Profitloss Centerstage Events

The meeting between Barack Obama and Raul Castro of Cuba took center stage on Saturday, 11 April 201 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 1

The World Health Organization reports that the intensification of fighting...

The World Health Organization reports that the intensification of fighting in Yemen over the past three weeks has resulted in the death of 560 people, injuries to over 1,700 people, and displacement of more than 100,000 people. Saudi Arabia, leading a coalition of nine countries, intervened in the Yemeni Civil War in response to calls from ousted President Abdrabbuh Mansur Hadi for military support.

Monday, 6 April, 2015

Royal Dutch Shell acquires rival BG Group in a deal...

Royal Dutch Shell acquires rival BG Group in a deal valued at around $70 billion. This strategic move positions Shell as a dominant player in the liquefied natural gas (LNG) market, enabling them to capitalize on the growing global demand for LNG. The acquisition propels Shell ahead of competitors like Exxon Mobil and Chevron in the race for LNG market share.

Tuesday, 7 April, 2015

Pakistan announces plans to sell its entire stake in Habib...

Pakistan announces plans to sell its entire stake in Habib Bank, the country's largest private-sector bank, with an expected revenue of $1 billion. This divestiture aligns with the government's economic revival plan and marks a significant step toward reducing its holdings. The sale of 41.5% of Habib Bank shares will be carried out through a book-building process and a green-shoe option.

Wednesday, 8 April, 2015

The U.S. Environmental Protection Agency (EPA) reaches an agreement with...

The U.S. Environmental Protection Agency (EPA) reaches an agreement with two petroleum industry groups regarding biofuel blending targets. After delays in issuing rules on blending renewable fuels, the EPA agrees to propose draft biofuel use targets for 2015 by June 1. Additionally, the agency plans to re-propose biofuel targets for 2014 using actual volumes consumed and issue targets for 2016, complying with legislation aimed at reducing reliance on foreign oil.

Thursday, 9 April, 2015

Presidents Barack Obama of the United States and Raul Castro...

Presidents Barack Obama of the United States and Raul Castro of Cuba hold a historic meeting on the sidelines of the Summit of the Americas in Panama. This marks the first encounter between the leaders of both countries since the Cuban Revolution. The meeting signifies a significant step towards normalizing relations and fostering dialogue between the United States and Cuba.

Friday, 10 April, 2015

Blackstone Group, in partnership with Wells Fargo & Co., announces...

Blackstone Group, in partnership with Wells Fargo & Co., announces a $23 billion deal to acquire General Electric's real estate business. This move solidifies Blackstone's position as a leading player in the real estate industry, known for managing large-scale property transactions. The deal demonstrates Blackstone's ability to handle substantial investments in the sector, bolstered by its significant cash reserves of over $28 billion prior to the GE deal.

Saturday, 11 April, 2015

The micronation of Liberland is declared by Czech politician Vít...

The micronation of Liberland is declared by Czech politician Vít Jedlička on a disputed land between Croatia and Serbia. Liberland claims an uninhabited parcel of land on the western bank of the Danube. It emerged as a result of the ongoing border dispute between Croatia and Serbia, with both sides not claiming this specific area.

Sunday, 12 April, 2015