Ukraine’s biggest transport companies are selling debt to revamp transport routes and win back cargoes from Russia, which has swiped a chunk of business from its neighbor by investing more in ports and inland links.
As India’s car market took off in recent years, global luxury brands focused on selling sumptuous sedans and big sport utility vehicles in Mumbai, Delhi, and Kolkata, home to the bulk of the country’s wealthy. Germany’s Audi shows that’s changing.
An effort to establish a new global ratings firm to challenge Standard & Poor’s Ratings Services, Moody’s Investors Service and Fitch Ratings has foundered after the initiators failed to obtain the 300 million euros ($393 million) needed to get the project off the ground.
Royal Philips Electronics NV Chief Executive Officer Frans van Houten said the consumer unit’s first double-digit sales gain in seven quarters shows that his strategy of adapting products to local needs is working.
Deloitte Touche Tohmatsu still hopes eventually to form an alliance with Roland Berger Strategy Consultants Ltd. even after the German firm’s partners rejected the deal in a vote held last week, the Financial Times reported, citing John Connolly , the accountancy network’s global chairman.