News 1

Some of the best credit card offers

Six Spectacular Credit Cards that are Sure to have You Hooked
Tag: NYCNEWS
WR: RIM
A credit card might be just another payment card issued to users as a system
of payment. However, the line of credit granted to a customer by the card issuer,
according to the formers credit score, give a boost to the owners status.
Today, owning a good-looking credit card is quite an achievement. Banks
and other card issuing institutions are not just competing for the kind of
services they provide, but also the look and feel of the payment cards
they issue to their clients.
Here is a list of six absolutely stunning credit cards that you would drool over. First is
the Chase Sapphire Preferred Card, which has a solid piece of metal embedded
within it. This metal core makes it sturdier than the regular plastic cards. Coming is
a shade of deep blue, this card offers double points on both travel and dining as well
as the ability to transfer points to airlines and hotels.
Next is the Visa Black Card from Barclays. This one has a black stainless steel front,
while the back has a carbon fiber like pattern. This helps owners avail up to two
percent return on spending when purchasing airline tickets. Third in line is the
Marriott Rewards Premier Credit Card from Chase, which is an all-black card made of
metal and helps customers earn points in multiples of five, two and one, on
spending at Marriott properties; airline tickets, car rentals and at airports and all
other purchases, respectively.
Fourth is the Ritz-Carlton Rewards Credit Card from Chase, which too like the
Marriott card, is pure black and made of metal. This card offers benefits specifically
personalized for Ritz-Carlton guests. Next is the Citi Prestige Card that was named
the Best Premium Credit Card in America for 2015. Lastly, the Palladium Card by JP
Morgan Chase, is made of a shiny metal that contains trace amounts of the rare
metal, palladium.

News 2
Philip Morris Plans to Sell Stake totaling $1.5 billion in Indonesian
Cigarette Maker
Indonesian Cigarette Maker, Sampoerna to Lose Major US Stakeholder
amid Concerns over Listing Requirements
Tag: NYCNEWS
WR: RIM
US cigarette giant Philip Morris International Inc has plans to sell off about $1.5
billion of stock in Indonesian cigarette maker, PT Hanjaya Mandala Sampoerna later
in the year. The announcement was made by the company on Monday, after
Sampoerna was taken to task for not complying with the Indonesian listing
requirements.
All is not well for PT Hanjaya Mandala Sampoerna. The Indonesian
cigarette maker has been asked to adhere to the Indonesian listing
requirements by January next year. This has prompted Philip Morris
International Inc, the US cigarette giant to sell off around $1.5 billion of
stock in owns in the Indonesian firm. This decision came out on Monday.
Sampoerna sells some of the most popular cigarette brands in Indonesia and had a
market share of almost 35 percent last year. Philip Morris, which owns about 98.2
percent of Sampoerna, has announced that it plans to offer for sale some of its
existing shares in the Indonesian firm. Philip Morris bought a controlling stake in the
Surabaya-based company that makes clove cigarettes, in 2005.
As per Indonesian listing requirements, Sampoerna needs to have at least a 7.5
percent free float by January next year. This caused Sampoernas net income to
plummet by 5.9 percent last year to 10.2 trillion rupiah ($763 million).
Presently, Sampoerna has a free float of 1.82 percent and a market capitalization of
$23.3 billion. Philip Morris has employed banks including Goldman Sachs, Credit
Suisse AG, JPMorgan, Citigroup and Mandiri Sekuritas to sell down Sampoernas
holdings by at least 5.68 percent. This would make the publicly available shares in
Sampoerna equivalent to at least 7.5 percent of its total share base, sufficient to
comply with free-float rules.
In a statement released on June 29, Sampoerna reported that it was also working
with investment banks to explore various options for fulfilling the listing
requirements.