Profitloss Centerstage Events

The discovery of a reef system in the Amazon River took centerstage on Sunday, 24 April 2016 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 3

Argentina returns to the international bond market with a historic...

Argentina returns to the international bond market with a historic $16.5 billion debt offering, attracting significant investor interest. The offering, the largest in emerging-market history, surpasses previous records. Strong demand enables Argentina to increase the size of the offering while reducing yields. The successful bond sale signifies a turning point for Argentina, which previously defaulted on a substantial amount of sovereign debt in 2001, and demonstrates renewed confidence in the country's financial prospects.

Monday, 18 April, 2016

Volkswagen reaches a preliminary agreement with U.S. officials regarding the...

Volkswagen reaches a preliminary agreement with U.S. officials regarding the buyback of up to 500,000 diesel vehicles affected by the emissions scandal. This potential resolution aims to address the consequences of the company's non-compliant emissions practices and mitigate the environmental impact. The agreement represents a step toward resolving the legal and financial challenges faced by Volkswagen in the United States.

Tuesday, 19 April, 2016

Idriss Deby secures re-election as the President of Chad for...

Idriss Deby secures re-election as the President of Chad for a fifth term amid allegations of electoral fraud. Deby's victory extends his long-standing tenure as the country's leader, but the electoral process and outcome face scrutiny and criticism. The allegations of fraud highlight ongoing concerns about democratic governance and transparency in Chad's political landscape.

Wednesday, 20 April, 2016

José Ulisses de Pina Correia e Silva assumes the position...

José Ulisses de Pina Correia e Silva assumes the position of Prime Minister of Cape Verde following his party's victory in the parliamentary elections held on 20 March 2016. A businessman and politician, Silva previously served in the Cape Verdean government in various capacities, including as Secretary of State for Finance and Minister of Finance. His appointment signifies a new chapter in Cape Verde's political leadership.

Thursday, 21 April, 2016

Fiat Chrysler announces a global recall of 1.1 million vehicles...

Fiat Chrysler announces a global recall of 1.1 million vehicles due to issues with the gearshift, which has caused confusion among drivers. The recall aims to address potential safety concerns and improve the functionality of affected vehicles. This proactive measure underscores the company's commitment to ensuring the reliability and safety of its products.

Friday, 22 April, 2016

Oceanographers make a remarkable discovery of an extensive reef system...

Oceanographers make a remarkable discovery of an extensive reef system near the mouth of the Amazon River, covering an estimated area of 3,600 square miles (9,300 km2). This vast and ecologically significant reef system challenges the assumption that large rivers are incompatible with vibrant coral ecosystems. The finding highlights the richness and complexity of the Amazon River and emphasizes the need for further exploration and conservation efforts in the region.

Saturday, 23 April, 2016

British Home Stores (BHS), a prominent UK department store chain,...

British Home Stores (BHS), a prominent UK department store chain, collapses into administration after a failed last-minute rescue deal. With 11,000 employees, this is the largest failure on the UK's high street since Woolworths in 2008. The collapse highlights the challenges faced by traditional brick-and-mortar retailers in an evolving retail landscape impacted by changing consumer behavior and increased competition.

Sunday, 24 April, 2016