million Archive

  • BANCOLOMBIA: Company Issues US$ 400 Million In 5-year Bonds In Panama Banistmo, the financial institution held by the Grupo Bancolombia in Panama, placed US$ 400 million in bonds maturing in five years with a 3.65% annual coupon. Demand was equivalent to 4.5 times the amount sold, reaching US$ 1.8 billion. The proceeds raised from this placement, which aimed at international investors, should support the bank's growth and business plan in Panama. That was the first time that Bancolombia placed bonds in the Panamanian market.

    BANCOLOMBIA: Company Issues US$ 400 Million In 5-year Bonds In Panama

    BANCOLOMBIA: Company Issues US$ 400 Million In 5-year Bonds In Panama Banistmo, the financial institution held by the Grupo Bancolombia in Panama, placed US$ 400 million in bonds maturing in five years with a 3.65% annual coupon. Demand was equivalent to 4.5 times the amount sold, reaching US$ 1.8 billion. The proceeds raised from this placement, which aimed at international investors, should support the bank's growth and business plan in Panama. That was the first time that Bancolombia placed bonds in the Panamanian market.
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  • Xiaomi Mi MIX 2 has clocked over 600,000 registrations just a day after it was launched with much fanfare at Xiaomi's event held in Beijing, where it also took time to introduce Mi Note 3 and Mi Notebook Pro laptop. While this is good news for Xiaomi, it should be kept in mind that these are just registration numbers and not pre-bookings. The Xiaomi Mi MIX 2 is scheduled to be made available in its first flash sale in China on Friday, September 15.Separately, a report that the Xiaomi Mi MIX 2 received over 250,000 registrations in less than day since its launch. The smartphone comes in three variants - Xiaomi Mi MIX 2 is priced at CNY 3,299 (roughly Rs. 32,300) for its 6GB RAM/ 64GB storage variant, CNY 3,599 (roughly Rs. 35,300) for the 6GB RAM/ 128GB storage variant, and CNY 3,999 (roughly Rs. 39,200) for the 6GB RAM/ 256GB storage variant.While its predecessor Mi MIX was welcomed with open hands in China last year, it was launched in its second country Russia earlier this yea..

    Xiaomi Mi MIX 2 Gets Over Half a Million Registrations in a Day, Ahead of Friday Flash Sale

    Xiaomi Mi MIX 2 has clocked over 600,000 registrations just a day after it was launched with much fanfare at Xiaomi's event held in Beijing, where it also took time to introduce Mi Note 3 and Mi Notebook Pro laptop. While this is good news for Xiaomi, it should be kept in mind that these are just registration numbers and not pre-bookings. The Xiaomi Mi MIX 2 is scheduled to be made available in its first flash sale in China on Friday, September 15.Separately, a report that the Xiaomi Mi MIX 2 received over 250,000 registrations in less than day since its launch. The smartphone comes in three variants - Xiaomi Mi MIX 2 is priced at CNY 3,299 (roughly Rs. 32,300) for its 6GB RAM/ 64GB storage variant, CNY 3,599 (roughly Rs. 35,300) for the 6GB RAM/ 128GB storage variant, and CNY 3,999 (roughly Rs. 39,200) for the 6GB RAM/ 256GB storage variant.While its predecessor Mi MIX was welcomed with open hands in China last year, it was launched in its second country Russia earlier this yea..
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  • JBS: Company Sells Moy Park To Pilgrim's Pride For 790 Million Pounds Brazilian meat packer JBS reached an agreement to sell its stake in Moy Park to Pilgrim's Pride Corporation for about 790 million pounds. Moy Park was valued at 1 billion pounds (US$ 1.3 billion). The transaction was unanimously approved by a special committee of Pilgrim's board of directors and JBS board. According to the Brazilian company, the proceeds from the operation will be used to amortize short-term debt in Brazil, improving its debt profile and liquidity. JBS, which is Pilgrim's largest shareholder, said the divestment would allow it to maintain sound financial performance with diversified assets in line with its intent to open the capital of one of its subsidiaries in the United States. The Brazilian company further stated that the transaction would create a more efficient corporate structure and that "Pilgrim's leadership is poised to extract even more value from Moy Par..

    JBS: Company Sells Moy Park To Pilgrim's Pride For 790 Million Pounds

    JBS: Company Sells Moy Park To Pilgrim's Pride For 790 Million Pounds Brazilian meat packer JBS reached an agreement to sell its stake in Moy Park to Pilgrim's Pride Corporation for about 790 million pounds. Moy Park was valued at 1 billion pounds (US$ 1.3 billion). The transaction was unanimously approved by a special committee of Pilgrim's board of directors and JBS board. According to the Brazilian company, the proceeds from the operation will be used to amortize short-term debt in Brazil, improving its debt profile and liquidity. JBS, which is Pilgrim's largest shareholder, said the divestment would allow it to maintain sound financial performance with diversified assets in line with its intent to open the capital of one of its subsidiaries in the United States. The Brazilian company further stated that the transaction would create a more efficient corporate structure and that "Pilgrim's leadership is poised to extract even more value from Moy Par..
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  • Waymo self-driving cars are racking up significant miles in the real world, but they're getting even more of a workout in simulations. Each day, 25,000 cars drive 8 million simulated miles, the former Google self-driving car project claims.The simulator allows self-driving cars to practice situations they may not regularly encounter in the real world, Waymo explained in a Medium post. A major challenge for self-driving cars is ensuring that they know what to do in any given situation, but engineers can't guarantee the vehicles will be exposed to everything on real-world drives. That's where the simulator comes in.Using sensors, Waymo constructs a detailed virtual world to test self-driving cars, and fine tune it to specific problems or scenarios based on real-world conditions. The software that controls Waymo's self-driving cars can then be tested in those scenarios thousands of times. Every software tweak can be tested right away, before being applied to a real-w..

    Waymo Simulations Let Self-Driving Cars Rack Up 8 Million Virtual Miles Every Day

    Waymo self-driving cars are racking up significant miles in the real world, but they're getting even more of a workout in simulations. Each day, 25,000 cars drive 8 million simulated miles, the former Google self-driving car project claims.The simulator allows self-driving cars to practice situations they may not regularly encounter in the real world, Waymo explained in a Medium post. A major challenge for self-driving cars is ensuring that they know what to do in any given situation, but engineers can't guarantee the vehicles will be exposed to everything on real-world drives. That's where the simulator comes in.Using sensors, Waymo constructs a detailed virtual world to test self-driving cars, and fine tune it to specific problems or scenarios based on real-world conditions. The software that controls Waymo's self-driving cars can then be tested in those scenarios thousands of times. Every software tweak can be tested right away, before being applied to a real-w..
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  • Last week, we reported on the very last Ferrari LaFerrari Aperta being auctioned for charity and to celebrate Ferrari’s 70th anniversary. This hypercar that hasn’t even been built yet sold over the weekend for a whopping €8.3 million which is $9.96 million USD. It was only expected to sell for a measly $3.5-4.75 million. Someone either really wanted this car, cares deeply about charitable causes, or most likely, both. According to auction house RM Sotheby’s, 12 different bidders were duking it out to spend millions on this car.To recap, this Ferrari LaFerrari Aperta is the 210th example built out of the original 209-unit production run. It’s the topless version of the LaFerrari hypercar and packs the same incredible hybrid drivetrain with a 6.2-liter V-12 assisted by an electric motor to create a grand total of 950 horsepower rocketing the car from 0-60 mph in under 3 seconds with a top speed of 217 mph.It has a special livery for the final edition with a red Rosso Fuoco body with wh..

    The Final Ferrari LaFerrari Aperta Sold at Auction for $10 Million

    Last week, we reported on the very last Ferrari LaFerrari Aperta being auctioned for charity and to celebrate Ferrari’s 70th anniversary. This hypercar that hasn’t even been built yet sold over the weekend for a whopping €8.3 million which is $9.96 million USD. It was only expected to sell for a measly $3.5-4.75 million. Someone either really wanted this car, cares deeply about charitable causes, or most likely, both. According to auction house RM Sotheby’s, 12 different bidders were duking it out to spend millions on this car.To recap, this Ferrari LaFerrari Aperta is the 210th example built out of the original 209-unit production run. It’s the topless version of the LaFerrari hypercar and packs the same incredible hybrid drivetrain with a 6.2-liter V-12 assisted by an electric motor to create a grand total of 950 horsepower rocketing the car from 0-60 mph in under 3 seconds with a top speed of 217 mph.It has a special livery for the final edition with a red Rosso Fuoco body with wh..
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  • Home-grown handsets maker Micromax has sold two million Bharat 2 smartphones by August-end, five months since launch.The company is working on expanding its Bharat Series with three new smartphones - Bharat 2 Plus, Bharat 3, and Bharat 4 - Micromax said in a statement.These new phones will be available in offline retail stores in the next fortnight, it added.The company claims that the Bharat Series is the only Google-certified smartphones in the budget category and aimed at acquisition of first generation smartphone users in the country. It was launched in April this year.Micromax Informatics co-founder Rahul Sharma said: "There is a lot of scope for innovation for getting the next set of Indian telecom consumers on the data and VoLTE adoption and Micromax as always is looking at expanding the category by bringing the best of the technology to the masses. Some of the Indian carriers have also shown the vision to get the feature to smartphone migration kicked off and we welcome all..

    Micromax Says It Has Sold 2 Million Bharat 2 Smartphones Since Launch

    Home-grown handsets maker Micromax has sold two million Bharat 2 smartphones by August-end, five months since launch.The company is working on expanding its Bharat Series with three new smartphones - Bharat 2 Plus, Bharat 3, and Bharat 4 - Micromax said in a statement.These new phones will be available in offline retail stores in the next fortnight, it added.The company claims that the Bharat Series is the only Google-certified smartphones in the budget category and aimed at acquisition of first generation smartphone users in the country. It was launched in April this year.Micromax Informatics co-founder Rahul Sharma said: "There is a lot of scope for innovation for getting the next set of Indian telecom consumers on the data and VoLTE adoption and Micromax as always is looking at expanding the category by bringing the best of the technology to the masses. Some of the Indian carriers have also shown the vision to get the feature to smartphone migration kicked off and we welcome all..
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  • Australia Has A$460 Million Trade Surplus Australia posted a seasonally adjusted merchandise trade surplus of A$460 million in July, the Australian Bureau of Statistics said on Thursday - down 48 percent on month. That missed forecasts for a surplus of A$1.000 billion following the upwardly revised A$888 million surplus in June (originally A$856 million). Exports were down A$709 million or 2.0 percent on month to A$321.071 billion Non-rural goods lost A$631 million (3 percent), non-monetary gold fell A$330 million (17 percent) and net exports of goods under merchanting fell A$4 million (15 percent). Rural goods climbed A$97 million (2 percent), while services credits jumped A$159 million (3 percent). Imports sank A$281 million or 1.0 percent to A$30.611 billion. Consumption goods fell A$139 million (2 percent), while non-monetary gold tumbled A$92 million (17 percent) and intermediate and other merchandise goods eased A$77 million (1 percent). Capital goods fell A$27 mill..

    Australia Has A$460 Million Trade Surplus

    Australia Has A$460 Million Trade Surplus Australia posted a seasonally adjusted merchandise trade surplus of A$460 million in July, the Australian Bureau of Statistics said on Thursday - down 48 percent on month. That missed forecasts for a surplus of A$1.000 billion following the upwardly revised A$888 million surplus in June (originally A$856 million). Exports were down A$709 million or 2.0 percent on month to A$321.071 billion Non-rural goods lost A$631 million (3 percent), non-monetary gold fell A$330 million (17 percent) and net exports of goods under merchanting fell A$4 million (15 percent). Rural goods climbed A$97 million (2 percent), while services credits jumped A$159 million (3 percent). Imports sank A$281 million or 1.0 percent to A$30.611 billion. Consumption goods fell A$139 million (2 percent), while non-monetary gold tumbled A$92 million (17 percent) and intermediate and other merchandise goods eased A$77 million (1 percent). Capital goods fell A$27 mill..
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  • Australia Trade Surplus Falls To A$460 Million Australia had a seasonally adjusted merchandise trade surplus of A$460 million in July, the Australian Bureau of Statistics said on Thursday. That missed forecasts for a surplus of A$1.000 billion following the upwardly revised A$888 million surplus in June (originally A$856 million). Exports were down 2.0 percent on month to A$321.071 billion, while imports sank 1.0 percent to A$30.611 billion.

    Australia Trade Surplus Falls To A$460 Million

    Australia Trade Surplus Falls To A$460 Million Australia had a seasonally adjusted merchandise trade surplus of A$460 million in July, the Australian Bureau of Statistics said on Thursday. That missed forecasts for a surplus of A$1.000 billion following the upwardly revised A$888 million surplus in June (originally A$856 million). Exports were down 2.0 percent on month to A$321.071 billion, while imports sank 1.0 percent to A$30.611 billion.
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  • *Australia Trade Surplus A$460 Million In July Australia Trade Surplus A$460 Million In July

    *Australia Trade Surplus A$460 Million In July

    *Australia Trade Surplus A$460 Million In July Australia Trade Surplus A$460 Million In July
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  • BRAZIL: Police Links US$ 16 Million Secret Stash To Former Minister Geddel Vieira Lima, a former minister from Brazilian President Michel Temer's administration, allegedly stored R$ 51 million (US$ 16.38 million) in cash in an apartment, according to the police. The money was inside paper boxes and bags. Located in an upscale neighborhood in Salvador, Bahia state capital, the apartment was opened under judicial order by the federal police after collecting information related to Operation Cui Bono, which investigates a fraud scheme within a public bank, Caixa Econ?mica. Geddel, who was a vice-president at Caixa Econ?mica from 2011 to 2013, and former House of Representatives speaker Eduardo Cunha, are singled out as the primary articulators of the scheme. Geddel was a minister under Michel Temer and Luiz Inacio Lula da Silva. Before that, he was a federal representative for the PMDB, Temer's party. The former minister is also investigated for participating in a corr..

    BRAZIL: Police Links US$ 16 Million Secret Stash To Former Minister

    BRAZIL: Police Links US$ 16 Million Secret Stash To Former Minister Geddel Vieira Lima, a former minister from Brazilian President Michel Temer's administration, allegedly stored R$ 51 million (US$ 16.38 million) in cash in an apartment, according to the police. The money was inside paper boxes and bags. Located in an upscale neighborhood in Salvador, Bahia state capital, the apartment was opened under judicial order by the federal police after collecting information related to Operation Cui Bono, which investigates a fraud scheme within a public bank, Caixa Econ?mica. Geddel, who was a vice-president at Caixa Econ?mica from 2011 to 2013, and former House of Representatives speaker Eduardo Cunha, are singled out as the primary articulators of the scheme. Geddel was a minister under Michel Temer and Luiz Inacio Lula da Silva. Before that, he was a federal representative for the PMDB, Temer's party. The former minister is also investigated for participating in a corr..
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