Profitloss Centerstage Events

Puerto Rico failing to make a $58 million bond repayment took center stage on Saturday, 1 August 2015 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

Global Logistic Properties, partially owned by Singapore's sovereign-wealth fund, acquires...

Global Logistic Properties, partially owned by Singapore's sovereign-wealth fund, acquires approximately 200 U.S. warehouses for $4.6 billion, further expanding its presence in the American industrial property market. This deal follows Global Logistic's previous acquisition of IndCor Properties, a large warehouse portfolio, solidifying its position as a major player in U.S. industrial real estate.

Monday, 27 July, 2015

Belgium-based chemicals company Solvay SA announces its acquisition of U.S....

Belgium-based chemicals company Solvay SA announces its acquisition of U.S. counterpart Cytec Industries Inc. for $5.5 billion, aiming to become a key player in the production of lightweight materials for airplanes and high-end cars. Solvay's strategic move involves a significant financial investment, raising capital and issuing debt to finance the acquisition and expand its market presence.

Tuesday, 28 July, 2015

Envision Healthcare Holdings Inc. finalizes its acquisition of Rural/Metro Corp.,...

Envision Healthcare Holdings Inc. finalizes its acquisition of Rural/Metro Corp., a privately held ambulance and fire-protection services company, for $620 million in cash. Rural/Metro faced financial challenges and bankruptcy in 2013 but emerged with a capital infusion. This deal allows Envision Healthcare to expand its portfolio and strengthen its position in the ambulance and emergency services sector.

Wednesday, 29 July, 2015

The Swiss National Bank reports a first-half loss of 50...

The Swiss National Bank reports a first-half loss of 50 billion Swiss francs ($52 billion) due to the soaring value of the Swiss franc against the euro. This loss may impact the bank's ability to pay dividends, affecting public services funded by those dividends. Switzerland's decision to abandon its currency peg earlier in the year resulted in a significant increase in the franc's value, causing financial challenges for the central bank.

Thursday, 30 July, 2015

Puerto Rico fails to make a $58 million bond repayment,...

Puerto Rico fails to make a $58 million bond repayment, signaling a potential default on its $72 billion debt. The government expresses hopes of reaching a debt renegotiation agreement with creditors. Moody's considers Puerto Rico to be in default. The inability to make the scheduled payment raises concerns about the commonwealth's financial stability and its ability to manage its extensive debt burden.

Friday, 31 July, 2015

A property developer backed by Hong Kong billionaire Li Ka-shing...

A property developer backed by Hong Kong billionaire Li Ka-shing plans to sell an office and retail property project in Shanghai. This move reflects Li Ka-shing's strategic divestment in the Chinese property market, attracting attention as an indicator of shifting market dynamics. The property, known as Century Link and Century Link Tower, is part of Li's ongoing efforts to adjust his investment portfolio.

Saturday, 1 August, 2015

HSBC Holdings PLC announces the sale of its Brazilian business...

HSBC Holdings PLC announces the sale of its Brazilian business to Banco Bradesco SA for $5.2 billion, as part of HSBC's strategy to focus on its Asian operations. This move represents HSBC's retreat from its ambition to be the "world's local bank" and signals a shift towards catering to companies involved in trade between the U.S. and Canada through its small Mexican operation.

Sunday, 2 August, 2015