Cryptocurrency has risen to the fore over the course of the last year. Trading and investing have become extremely popular with today’s younger generation, who would rather work from home than slave away for a large corporation. Cryptocurrency has given these young people a way out. There are myriad cryptocurrency platforms operating on the internet…
IMCD Australia & New Zealand agree to acquire RPL Trading
ROTTERDAM: IMCD Australia & New Zealand have signed an agreement to acquire 100% of the shares of RPL Trading Pty Ltd and RPL Trading New Zealand Ltd. (jointly RPL Trading). “RPL Trading brings an excellent and highly complementary portfolio of suppliers, products, and customers to IMCD,” remarked Martin Stoemmer, Managing Director of IMCD Australia &…
Crédit Agricole Consumer Finance invests €100mn in Cosmobilis
PARIS, FRANCE: Crédit Agricole Consumer Finance is investing €100 million in Cosmobilis, the holding company of ByMyCAR, the leading French car distribution group in Europe, which is expanding into new forms of mobility. At the same time, the two partners are entering into exclusive negotiations to create a pan-European joint venture for their automotive financing…
Telenor to range Spacetalk at its Danish retail stores
SYDNEY, AUSTRALIA: Spacetalk Ltd. (ASX:SPA) announceD that Telenor Group will range Spacetalk Adventurer on-line and in all of its Danish retail stores. Telenor is a leading Nordic telecommunications company and Denmark’s second largest mobile network operator with 1.7 million mobile subscribers. Across the Nordics and Asia, Telenor has 188 million customers and annual sales of…
Rio Tinto to acquire Rincon Mining lithium project for $825mn
SYDNEY, AUSTRALIA: Rio Tinto has agreed to acquire Rincon Mining Pty Limited, which owns the Salar del Rincón Project in Argentina; and Lithium Extraction Technologies (Australia) Pty which holds certain intellectual property which may be applied in conjunction with lithium projects. Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project…
Spark New Zealand to take full ownership of Connect 8
SYDNEY, AUSTRALIA: Spark New Zealand has signed a conditional agreement to purchase back 50% of the shares in Connect 8 from electricity distribution company Electra Group. The transaction means that Connect 8, an infrastructure provider to the telecommunications, water, and power sectors, will again be wholly owned by Spark. Spark Technology Director Mark Beder says,…
What are Mobile Video Games
Mobile Video Games refer to all games that are played on any portable device, including from mobile phone (feature phone or smartphone), tablet, PDA to handheld game console, portable media player or graphing calculator, with and without network availability. One can play video games from anywhere these days; a home console, gaming PC, streamed over the internet, or on your smartphone or tablet. For many, loading up new devices…
What is Cost of Doing Business
By its definition, cost of doing business accounts for all the expenses incurred by a firm or individual in producing and selling goods or services for a profit. According to Investopedia, business expenses are costs incurred in the ordinary course of business. They can apply to small entities or large corporations. Business expenses are part…
What is Stock Sales?
Stock sales is a transaction whereby the buyer purchases the selling shareholders’ stock directly obtaining ownership in the seller’s legal entity. The deal structure of any transaction can have a major impact on the future for both the buyer and seller. Many other factors, such as the company’s structure and the industry, can also influence…
What is Purchase Price
Purchase price is the consideration, which acquiring party pays for an investment. The purchase price includes any commission and the transaction costs. Purchase price becomes the investor’s cost basis for calculating gain or loss when selling the investment. The weighted average cost is used for multiple purchases of the same security. Purchase prices is a…
Arribatec Group appoints Geir Johansen as CEO
OSLO, NORWAY: Arribatec Group ASA (Arribatec, OSE: ARR) today announces the appointment of Geir Johansen as Chief Executive Officer (CEO) effective 1 January 2022, while Per Ronny Stav will take up the position as Chief Commercial Officer to drive the international expansion strategy. “We are excited to announce the new roles for Per Ronny and…
Steve Curtis to step down as CEO of Caledonia Mining
ST HELIER: Caledonia Mining Corporation announced that Steve Curtis, aged 65, has notified the board of directors of his intention to retire from his role as CEO with effect from June 30, 2022. He will be succeeded as CEO by Mark Learmonth, Caledonia’s current CFO. Mr Curtis will continue to serve as a director of…