Following the success of the Energy City Qatar project, Gulf Finance House (GFH) today officially announced the launch of its USD395 million private placement to raise the equity required to fund the development of the infrastructure of Energy City India.
The investment is expected to yield a total return of at least 75 per cent over […]

Xinhua Finance Ltd. and Xinhua Finance Media announced today that Mr Shelly Singhal has resigned from the Boards of both companies, as well as from all executive and managerial positions. His departure is immediate.
“Mr Singhal provided important assistance throughout the development of Xinhua Finance Ltd. and Xinhua Finance Media,” commented Chairman and CEO Fredy Bush, […]

PayPal today announced it has been granted a banking license for the European Union by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, effective July 2, 2007. Under this new charter, PayPal will be able to continue its European expansion by offering its services to more online merchants across Europe. In addition, PayPal […]

Accelrys, Inc. (NASDAQ:ACCL) today reported financial results for the quarter and full year ended March 31, 2007.
“We are pleased with our financial performance in fiscal 2007,” said Mark J. Emkjer, Accelrys President and Chief Executive Officer. “We showed an approximately $6 million improvement in our bottom line and continued to generate positive cash flow, despite […]

Footmaxx Holdings Inc., (”Footmaxx”)(TSX VENTURE:FMX), a leading orthorpaedic and diagnostic company announces that:
Footmaxx achieves Q1 EBITDA of $414,000
During the first quarter of 2007 the Company experienced soft demand for both orthotic products and its orthotic ordering system. As a result, revenue decreased marginally from $3,344,183 in the first quarter of 2006 to $3,340,585 in […]