The Australian treasury has given its approval to the sale of the country's largest dairy farm Tasmanian Land Company (TLC) including Van Diemen's Land Company (VDL), to Chinese billionaire Lu Xianfeng's Australian arm Moon Lake Investments ...
Tags: VDL, Dairy Farm
The UK government has scrapped the proposal of levying sugar tax on food and drink products, which are believed to contain high calories and culprits for growing obesity levels in the country. The government is believed to be not in ...
Tags: High-Calorie Products, Sugar
China refuted recent U.S. comments warning Europe against granting China market economy status on Wednesday, saying China has been living up to its World Trade Organization (WTO) obligations. Chinese Foreign Ministry spokesperson Lu Kang ...
Tags: Market Economy Status
No matter what soothes your soul, the classic or beyond the mainstream, come and be spoiled for choice at the Beijing Music Festival, says Chen Jie. For music lovers, Beijing has too many choices, from high-brow classical to underground ...
Tags: Beijing Music Festival, concert
Plessey announced today that it is to carry out a major expansion of the company’s LED manufacturing facility in Plymouth, England, after securing a GBP 30 million ($50 million) loan from Deutsche Bank AG to finance the expansion. ...
Anheuser-Busch InBev is exploring the acquisition of competitor SABMiller, a deal that would lead to a $275bn merged entity which would produce one out of every three beers globally. If the deal goes through, it would be one of the six ...
Tags: Anheuser-Busch InBev, SABMiller, beer
Sony is reportedly planning to venture into the automotive market after Google and Apple. The company is open to collaborate with traditional automakers and said that the advent of electric cars has lowered entry barriers for new ...
Tags: automotive market, Sony, electric cars
The UK's second biggest cigarette company Japan Tobacco International (JTI) has joined the fray, filing a lawsuit against the government's mandate for plain packaging. JTI's suit follows similar actions taken by Philip Morris ...
China's crude oil imports surpassed those of the United States in April, making it the world's largest oil importer, recent data showed. China imported 30.29 million tons of crude oil in April, or about 7.37 million barrels per day, data ...
Tags: Oil Imports, Crude Oil
Instant noodles are an essential part of life for many people in China and other Asian countries, thanks to their convenience, cost and taste. Chinese people consume more than 40 billion packets of instant noodles annually, accounting for ...
Tags: Instant noodles, junk food
Investment flows from China to South Korea surged 374 percent last year to $631 million as Chinese companies moved to expand their presence and options in the global market. The figure was announced on Monday by the Mergermarket Group, a ...
The babycare's third quarter results show an increase of 1.1 per cent in like-for-like sales as the team continues its plans to turn the business around. Mothercare is continuing its plans to turn the business around as the retailer ...
Tags: babycare retailer, online sales, Toys
The president and chief operating officer of Japanese airbag maker Takata has stepped down from his post as a result of recalls of millions of vehicles carrying the company's defective airbags. Takata announced in a statement that Stefan ...
US based Cooper Tire is looking to move its production out of China following the sale of stake in a joint venture with Chengshan Group. Previously the dispute at the joint venture, Cooper Chengshan Tire Company in eastern Shandong, China ...
Tags: joint venture, Cooper Tire, Auto
On Wednesday, after wee-hours bargaining that capped more than a decade of negotiations, Gazprom and China National Petroleum Corporation announced the signing of a 30-year gs-supply contract, estimated by the parties to be worth $400 ...
Tags: Metallurgy, Mineral, Energy