European bottler of soft drinks and fruit juices, Refresco Gerber has signed an agreement to acquire the bottling facility in Hamburg, Germany from food and beverage company PepsiCo in a bid to strengthen its co-bottling activities. The ...
Tags: Refresco Gerber, soft drinks, fruit juices
Chinese central authorities on Sunday issued a document to set the basic principles, key tasks and targets for future urban development and management, aiming to make China's sprawling cities more livable, efficient and green. The ...
Tags: Guidelines, urban development
MTU Friedrichshafen, a subsidiary of Rolls-Royce and Chinese company Guangxi Yuchai Machinery have started a joint venture. Each company will invest an amount of 75m RMB (around 10.5m Euro). Under the licence from MTU, of MTU diesel ...
Tags: Rolls-Royce, MTU Engines
Global food commodities trader Bunge still intends to complete the delivery of a rejected French wheat cargo to Egypt even as it has begun legal proceedings against the latter's grain importing authority. Bunge has initiated the legal ...
China will create more schemes offering Renminbi (RMB) convertibility in free trade zones in 2016, an official with the State Administration of Foreign Exchange (SAFE) has said. Guo Song said authorities will make the moves, designed to ...
Tags: Capital Market, SDR basket
A Chinese court has penalised two units of US-based food processing company OSI Group with up to $364,875 and sentenced imprisonment to 10 of its employees claiming that it sold outdated products to fast-food chains such as KFC and ...
Tags: Food Safety, McDonald's
The diesel emissions issue has been the subject of attention for the past several months in Europe, where diesel is quite common. In response to these events, FCA has conducted a thorough internal review of the application of this ...
Tags: diesel emissions, diesel vehicles
The US Department of Transportation Secretary Anthony Foxx has announced that the US government will invest nearly $4bn to support development of automated vehicles technology. US government will include the outlay in its budget ...
Tags: Autonomous Vehicle, pilot programs
China is the world's largest producer and exporter of rare-earths. These are elements which are critical to the manufacturing of high-tech products, including smartphones, wind turbines and car batteries, among other things. However, ...
Tags: Rare Earth, smartphones
The fuel consumption standard of light commercial vehicles will be lowered from 2018 to improve energy efficiency of new vehicles, authorities announced on Wednesday. The revised standard specifies 64 fuel consumption limits for light ...
Tags: New Energy Vehicles, EV
The world's stock markets are spiralling downwards. The U.S. equity market fell 10 percent last month. Investor terminology calls this a "correction" not a crash. But prospects don't look good. Big investors, banks and financial ...
Tags: Economic Crisis, investment banks
With oil product stocks at moderate levels, Shandong's teapot refineries have kept refinery run rates relatively high, which is supporting demand for feedstock crudes, sources said this week. Regular importer Beifang Asphalt Fuel in ...
Tags: oil product, bitumen
China saw a record number of firms established in 2015 despite the slowing economy, official data showed. Chinese set up a total of 4.44 million companies last year, up 21.6 percent from a year ago, which means 12,000 new companies every ...
Tags: Chinese economy, economic slowdown
Tourism authorities in Hong Kong and Guangzhou have signed agreements in Hong Kong on Wednesday to crack down on low-cost tours and forced shopping. Authorities will publish a list of some 40 travel agencies in Guangzhou who operate tours ...
Tags: Low-cost Tours
The International Monetary Fund (IMF) on Tuesday raised alarm of Djibouti's continuing public debt and budgetary deficit. "Expenses relating to public investments have exerted considerable pressure on the budget and external debt," IMF ...
Tags: IMF, Public Debt, Budgetary Deficit