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Business & Economy

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BUSINESS & ECONOMY : FEBRUARY 2016

Appointments

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Christine Lagarde is appointed as MD of IMF for a second term.

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Resignations

Karl Koehler, CEO of Tata Steel Europe, formerly Corus Group, steps down.
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Mergers, acquisitions and deals

Boeing says it has won a commitment from China's Okay Airways to buy 12 aircraft from the 737 family in a deal worth
$1.3 billion.

All 12 Pacic Rim countries - Singapore, Malaysia, Vietnam, Brunei Darussalam, Japan, Canada, United States, Mexico,
Peru, Chile, Australia and New Zealand, sign the Trans-Pacic Partnership (TPP) agreement in Auckland, New Zealand
making it one of the biggest trade deals in history.

Other important news

Alphabet Inc., the parent company of Google overtakes Apple as the "Most Valuable Company in the World" after
reporting higher prot and sales fuelled by a booming advertising business that supports ambitious new projects.

Honda recalls an additional 2.2 million Honda and Acura vehicles for repairing problems relating to Takata inators.

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