Global Finance launched the awards in recognition of the growing significance of the supply chain and the various financing solutions that are now available to enhance working capital and optimize DSO and DPO for buyers and suppliers. Global Finance selected winners across sixteen global and eight regional categories.
99wuxian is to raise $20 million at 40c per CHESS Depositary Interest (CDI), the security used by the ASX to allow international companies to trade on the local market. It is equivalent to 40c a share and, if fully subscribed, will value the company at about $410 million. The CDI holders will account for under 5 per cent of the company.
Further to the completion of a Pre-Feasibility Study that outlined a compelling commercial case for investment), Baobab Resources Plc (LON:BAO) is pleased to announce that it has retained Standard Chartered Bank as its strategic corporate advisor. The Company is wholly focused in Mozambique where it is developing a pig iron and ferro-vanadium project in the Tete province, one of Africa’s fastest growing mining centres
International banks, such as UK-based Standard Chartered Plc (LON:STAN), HSBC (LON:HSBA) and Australia & New Zealand Banking Group (ASX:ANZ), devoted more efforts to strengthen their exposure in Asia market amid global economy downturn.
Yesterday the Australian market posted a marginal rise as investors were cautious ahead of US jobs data in June. The benchmark S&P/ASX200 index was 3.3 points, or 0.09 per cent higher, at 3877.3 points, while the broader All Ordinaries index gained 2.9 points, or 0.07 per cent, to 3875.2 points.
Yesterday the Australian shares closed slightly lower as falls in financial stocks overshadowed the gains in big miners. The benchmark S&P/ASX200 index was down 0.1%, or 5.4 points, at 3747.5, while the broad-market All Ordinaries index fell 0.1%, or 4 points, at 3693.9.
Asian markets ended mixed Tuesday as and financial stocks gained but property developers lost ground on a weak outlook for prices.
The China Int'l Steel & Minerals Conference 2008, with the theme of mining development, will be held by UMETAL website in Nanjing, China on March 30. More than 400 delegates have been confirmed at home and abroad.
Standard Chartered's Greatest Race on Earth (GROE) athletes John Kelai and Yang Ziao Shu today both came home first in the men's and women's Mumbai Marathon. Their victories will give hope to their teams in this unique marathon relay series, as Kelai's team Team Gowar and Yang's Team China were only 16th and 4th in their respective competitions going into this third leg.
Another strong men's and women's line-up has been announced for the second leg of The Standard Chartered Greatest Race on Earth (GROE) 2006/07, the Singapore Marathon, which will take place on 3 December. With teams separated by the tightest of margins after the first leg of the series in Nairobi last month, the marathon will be crucial in determining how the largest prize pool in world athletics, US$1.5 million, is ultimately shared.
