Finances

 PJSC ALROSA, the global leader in rough diamond production, has improved its loans and borrowings position to reduce financial costs. 

The awards ceremony took place during the 5th ‘Made in Russia’ International Export Forum, held by the Russian Export Centre (REC Group).

The main reasons for the upgraded rating are that Sandvik’s performance has been strengthened supported by a market recovery, cost-saving measures and a reduced debt as a result of divestments.

 

Nordea has joined the we.trade consortium as founding partner. 

The International Tennis Federation (ITF) announced today that it has renewed its sponsorship agreement with NEC Corporation (NEC) as title sponsor of the NEC Wheelchair Tennis Masters for an additional three year period for 2018 through 2020.

Talks between Russian bank VTB and China’s CEFC on a loan to the Chinese company seeking to buy a stake in Russian oil company Rosneft are ongoing, VTB Chief Executive Andrey Kostin told reporters.

This transaction is the first tranche of an overall EIB envelope of up to EUR 100m, which will provide RVS – a member of the Austrian cooperative Raiffeisen Bank Group – with long-term funding resources for SMEs and midcaps.

On August 25, 2017 AXA announced the launch of its 2017 employee share offering (“SharePlan 2017”), a capital increase reserved to its employees worldwide.

Accenture (NYSE: ACN) has hired financial services executive Wei Zhu as chairman of Accenture Greater China, effective Jan. 1, 2018. He succeeds Chuan Neo Chong, who continues to work with Wei Zhu on a successful transition.

Fresenius Kabi opened the extension of its production plant in Mihla, Germany, today with a festive dedication ceremony attended by Mayor Rainer Laemmerhirt. The healthcare company invested about €10 million in the project.