U.S. Wells Fargo employs top leaders to boosts its public policy ,external relations capabilities

January 19, 2018

America’s 25th largest corporation, Wells Fargo on Thursday announced that it has employed three new leaders, Beth Zorc, Eric Hoplin, and Shannon Aimone, as part of the growth of its recently-formed government Relations and Public Policy (GRPP) group under the leadership of David Moskowitz, GRPP Head. These individuals will be at the company’s Washington office […]

Qatar cut to AA- by Fitch with no end in sight to Gulf dispute

Businessam StaffAugust 28, 2017

Qatar’s sovereign rating was cut to AA- by Fitch Ratings, which cited little progress toward ending a Saudi Arabia-led embargo of the emirate. Fitch lowered the Gulf state’s sovereign long-term debt rating by one notch, putting it on par with Belgium and South Korea. The outlook is negative, the New York-based firm said in a […]

Heineken speeds past rivals on strong growth in Asian demand

Businessam StaffJuly 31, 2017

Heineken NV, the world’s second-largest brewer, outshone rival consumer-goods companies in the first six months of the year as emerging economies in Asia and Africa drove growth, Bloomberg report says. Revenue increased 5.7 percent in the first half as the Dutch brewer took the crown as the industry’s best performer from Budweiser-maker Anheuser-Busch InBev NV. […]

Fitch downgrades Nestle issuer-default rating to AA- with stable outlook  

Businessam StaffJune 30, 2017

Fitch Ratings has downgraded Nestle SA’s (Nestle) long-term issuer default ratings (IDR) and senior unsecured ratings to ‘AA-‘ from ‘AA’, and affirmed the company’s short-term IDR at ‘F1+’. However, the company’s outlook on the long-term IDR remains stable. The downgrade follows Nestle’s announcement of a CHF20 billion share buy-back programme commencing from 4 July 2017. […]