Western Union Expansion Continues with WU.com Online Money Transfer Capabilities Launched in Four European Countries

The Western Union Company (NYSE:WU), a leader in global payment services, today announced the launch of new transactional websites in Bulgaria, Croatia, Romania and Slovenia. With these new introductions, Western Union now has online transactional services in 33 countries, enabling consumers to send money to more than 200 countries and territories. “Western Union continues to expand its online transactional network worldwide,” said Khalid Fellahi, senior vice president and general manager, Western Union. “From this foundation, we believe we are very competitive, offering a strong value proposition and a global scale.”

Olenex to Become a Full-Function Joint Venture

Archer Daniels Midland Company (NYSE: ADM) and Wilmar International Limited (SGX: F34) announced today that they have entered into an agreement whereby Olenex, their partnership to market oils and fats in Europe, will become a full-function joint venture with its own assets. As part of the agreement, ADM will transfer two sites—a specialty oils and fats facility and a palm refining plant in Hamburg, Germany—to the new joint venture. Wilmar will transfer its tropical oils processing plants in Brake, Germany and Rotterdam, the Netherlands. In addition to processing, the joint venture will also integrate raw materials sourcing, trading, and sales and marketing operations. The agreement also stipulates that refined oils and fats from ADM’s other plants in the Czech Republic, Germany, the Netherlands, Poland and the U.K. will be marketed by Olenex.

GPCI 2015 Report Unveils World’s Most Powerful Cities

The Mori Memorial Foundation’s Institute for Urban Strategies, a research institute established by Mori Building, unveiled today the results of its Global Power City Index (GPCI) 2015 report, which ranks 40 global metropolises according to their “magnetism,” or power to attract creative individuals and enterprises from around the world and mobilize their assets for economic and social development. Like last year, London, New York, Paris and Tokyo took the top four spots, in that order, while Los Angeles, San Francisco and Hong Kong showed significant improvement.