The Western Union Company (NYSE: WU), a leader in global payment services, today announced that it has opened its 500,000th Agent location and its 100,000th location in India, underscoring the country’s growing importance as a global money transfer market. “Serving international diasporas including overseas Indians is an important reason Western Union’s network has expanded rapidly around the world,” Kiran Shetty, Regional Vice President and Managing Director, India, said: “We are grateful to our 11 million Indian customers and their families for their trust and custom over the past decade.”
By Renee Bonorchis - Standard Bank Group Ltd. (SBK) sold 53 percent of its Turkish broker and investment bank as Africa’s largest lender focuses on markets closer to home. That cut its stake in Standard Unlu to 25 percent, the Johannesburg-based bank said today in a statement translated from Turkish. The shares were bought by Turkish businessman Mahmut Unlu, who raised his shareholding to 75 percent. The statement didn’t say how much he paid.
Ecuador’s Minister of Petroleum, Energy and Communications Jorge Glas Espinel called on Turkish businessmen to invest in Ecuador while speaking at the Turkey-Ecuador Commerce & Investment Forum in Istanbul March 16. 
