Red Stripe taps $530m for plant improvement
Hoping to tame rising production costs linked to bigger energy and shipping bills, beermaker Red Stripe will be pumping just over half a billion dollars into its factory operations to drive efficiency. "Red Stripe will be investing $530 million in plant and equipment during the coming...
Two Swiss banks accused in Brazil remittance fraud
Brazilian authorities have accused employees of two Swiss banks, UBS and Clariden Leu, of participating in an illegal remittance scheme uncovered by police in Brazil, officials said yesterday. Brazilian police arrested 20 people on Tuesday, including businessmen, bankers...
Western Union deal earns GraceKennedy $2 billion
Western Union's purchase of a stake in GraceKennedy's money transfer and remittance business was a US$29 million deal, Wednesday Business has learned. The two companies closed the agreement on November 1, 2007, giving Western Union a 25 per cent share in GraceKennedy Money Services...
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