US agricultural commodities trader Cargill has sold its wheat flour division in Argentina to Molino Canuelas Sacifia for undisclosed sum. Following the acquisition, Canuelas is expected to control 24% share in the flour in the country. ...
A Dubai-based investment group led by businessman Mohamed Alabbar has agreed to acquire a majority stake in the Kuwait Food Company, which is known as Americana, for nearly $2.4bn. The consortium Adeptio headed by Emaar Properties PJSC ...
A May 25 Bloomberg report said that Chinese officials plan to ask their American counterparts during the upcoming eighth round of the China-U.S. Strategic and Economic Dialogue about the chance of a Federal Reserve (Fed) interest rate ...
China's manufacturing activity expanded for the second month in a row in April but at a slower pace, official data showed on Sunday. The purchasing managers' index (PMI) came in at 50.1 in April, slightly down from March's 50.2 and below ...
Tags: manufacturing activity, sub-index measuring production
Fanatics has signed a long-term extension of its deal to operate the e-commerce site for the National Football League while also expanding its online and manufacturing rights with the league. Beyond continuing to operate nflshop.com and ...
Tags: Fanatics, NFL, National Football League
LeapFrog declined MGA's first offer last month, choosing instead to be acquired by VTech Holdings. MGA Entertainment founder and CEO Isaac Larian is readying a fresh bid for LeapFrog, after his initial bid was rejected last month. ...
The Square Mile Relay is being brought to New York's Financial District for the first time, set to take place April 21. The relay race will feature more than 100 teams from leading financial institutions who compete to win a $10,000 ...
China saw plunging new loans in February, largely due to the Lunar New Year holiday and a record credit surge in January. New yuan-denominated lending in February dropped to 726.6 billion yuan ($111.96 billion), 297 billion yuan less than ...
Tags: China's New Yuan, new loans
Dutch dairy company Royal FrieslandCampina is planning to acquire 51% stake in Pakistani-based Engro Foods for $460m. The European dairy company has approached the Pakistan company to buy around 391 million shares from its parent company ...
We've received the strongest indication yet as to the identification of the chips bound for the forthcoming iPhone 5SE and iPad Air 3. Apple is said to be holding an event in mid-March to launch a new 4-inch smartphone in the iPhone 5SE, ...
Tags: iPhone 5SE, iPad Air 3
General Motors has bought the assets and technology of ride-sharing provider Sidecar as the company gears up to address competition from companies like Uber. The company had recently invested $500m in Lyft, a ride-sharing provider. For ...
Tags: General Motors, Sidecar
The European Union (EU) has ended an investigation without changing the minimum import pricing previously agreed on for China-produced PV modules, according to China's Ministry of Commerce. The EU in 2013 imposed antitrust tariffs on ...
Tags: PV Modules, PV
Two days after unveiling the first new vehicle from Detroit's Big 3 imported from China, General Motors Co said it also will import the plug-in hybrid version of the Cadillac CT6 luxury sedan to the US from the Chinese mainland. The ...
The priorities set out by Chinese leaders at a key economic meeting have prompted strong interest among foreign media organizations. The Central Economic Work Conference, which was held here from Friday to Monday, reviewed China's ...
China's central bank has reportedly surveyed banks on the possibility and potential impact of removing its benchmark deposit and lending rates. It's being reported that China's central bank recently surveyed banks on the possibility ...