Chinese banks fuel expansion overseas in succession due to a profit slowdown rooted from the domestic economic downturn. For an example, Bank of Communications (BoCom, SEHK: 3328 and SHSE: 601328), the fifth-biggest commercial lender ...
Tags: economy, China Banks, Fueling Expansion
Japan's Toshiba says its quarterly net profit has tumbled 62 per cent from a year earlier, with demand for its televisions, computers and other digital products stumbling. The technology and engineering conglomerate said it had earned ...
Tags: Toshiba, net profit
Around the world, companies are redefining the role of their headquarters, which includes turning corporate centers into key drivers of operations. Furthermore, they are increasingly assuming functions that go beyond representation, ...
An end to a two week-old strike at Chile's largest coal mine appears close at hand after one of two unions involved agreed to return to work Thursday. In a statement Friday, Mina Invierno said the union representing maintenance workers at ...
Tags: Coal Mine Strike, Coal Mine
Fewer exhibitors and more attendees was the contradiction of Baselworld 2013, which ended its eight-day run on May 2. The watch and jewellery trade fair attracted a record 122,000 attendees, a 17 per cent increase over 2012. In addition, ...
The recent hike in minimum wages may lead to layoffs in Bolivian textile and apparel sector, El Conglomerado Textil Boliviano (COTEXBO or Bolivian Textile Conglomerate), has said. The textile sector in Bolivia, a land-locked country ...
Tags: Wage Hike, Textile Sector
Beger Company, a Thai maker and distributor of wood coatings and industrial paint products, plans to set up its first foreign plant in Indonesia in the next five years to tap demand there. Vice-president Worawat Chaiyosburana said the ...
Tags: Paint Maker, Paint
Legal & General (L&G), the UK based diversified financial conglomerate, is planning to purchase New Ireland Assurance's existing annuity business as well as a fraction of its future business, in a deal valued at nearly 136m (£114m). ...
Mavic parent Amer Sports reported a 2 percent increase in sales for the first quarter on Thursday, and said it expected full-year sales to rise by at least 5 percent. For Amer's Mavic cycling brand, sales rose slightly to $47.6 million ...
Tags: Transportation, bike
Welwyn started making resistors in Bedlington Northumberland in 1946, and it is still making resistors there, in a growing facility, with technology that is in demand worldwide. When Mercedes needed power resistors for its SLS sports car, ...
Tags: Consumer Electronics, Electronics
Mavic parent Amer Sports reported a 2 percent increase in sales for the first quarter on Thursday, and said it expected full-year sales to rise by at least 5 percent. For Amer's Mavic cycling brand, sales rose slightly to $47.6 million ...
Tags: Transportation, bike
Hong Kong-based conglomerate CITIC Pacific has announced that it is delaying completion of its $8 billion Sino Iron project in Western Australia until late May because of engineering problems, the latest in a series of setbacks to plague ...
Tags: CITIC Pacific, Sino Iron Project
The Norwegian Competition authority has approved Orkla's purchase of 90.11% of the shares in food firm Rieber & Son. The acquisition is expected to be completed within a week. The approval of the Norwegian competition authorities ...
Tags: Norway Competition
Bolivia’s fifth international textile fair Fitex 2013, which serves as a meeting ground for the medium, micro and small entrepreneurs of the textile and garment industry value chain, is going to take place from May 16, 2013, in La ...
Tags: Textile, Textile Industry
Sales of new cars in Europe slumped almost 10 per cent in the first quarter of 2013 as the economically depressed market spirals towards a 20-year low. Registrations across the 27-member European Union fell from 3.31 million to 2.99 ...
Tags: New Car Sales, Peugeot Citroen