Japan-based Mitsui has announced an agreement to acquire 15% stake in Turkey’s integrated packaging manufacturer Sarten Ambalaj Sanayi ve Ticaret. In a statement, Mitsui said that it will acquire the stake after accepting a ...
A senior Chinese central bank official said Thursday that the country is "actively communicating" with the International Monetary Fund (IMF) on the possibility of including Chinese currency yuan, or RMB, in the basket of the Special Drawing ...
Tags: SDR Basket, Chinese currency
With Chinese currency the yuan, also known as the renminbi, enjoying rising acceptance, banks and enterprises in the Gulf Arab region are seeking ways to catalyze the growing demand for conducting trade with the currency. "By the end of ...
Flavors producer McCormick has agreed to acquire 100% of Italy-based spice producer Drogheria & Alimentari (D&A) for around €85m (($97m). The company has signed an agreement to this effect which is expected to be closed in May ...
China will have more robots operating in its production plants by 2017 than any other country as it cranks up automation of its car and electronics factories, the International Federation of Robotics (IFR) said on Thursday. Already the ...
Suzuki Motor has teased two concept cars dubbed iK-2 and iM-4 to be premiered at the 2015 Geneva Motor Show in March. According to Suzuki, iK-2 will be a compact sized car with 'Harmonised Force' theme. According to reports, the iK-2 ...
Tags: Geneva Show, Suzuki Motor, Concept Cars
In response to a Hong Kong based NGO alleging inappropriate working conditions at factories from where it outsources garments, Japanese apparel retailer, Fast Retailing said it has initiated its own independent investigations, which ...
Tags: air quality, temperature, Apparel
In a letter sent to the leaders of the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA), the Sports & Fitness Industry Association (SFIA) along with other allied organizations are encouraging the ...
Tags: Sporting Goods, U.S.economy
As we move into 2015, Apple has cast a quick glance back at the performance of its App Store in 2014 - and it likes what it sees. Apple has announced that 2014 was by far the biggest year for the App Store, with sales rising a massive 50 ...
Tags: Apple, Store, Consumer Electronics
Juanita Duggan, CEO at the American Apparel & Footwear Association (AAFA) has welcomed appointment of a federal mediator to the contentious contract negotiations between West Coast union dockworkers and their employers. “The labour ...
Apple has forced Mac computers to update in an effort to patch security issues. This is in contrast to the normal update process that requires users to give the software a thumbs-up on their end. The Cupertino, California-based firm ...
Tags: Apple, Consumer Electronics
The Toll Group (Toll) has announced a range of transactions to “drive improved returns for shareholders and rationalise its portfolio of businesses”. The actions announced today by Toll include: Earning more money off its ...
Tags: marine freight business, Service
Brazil’s JBS buys Primo Smallgoods Australia’s largest meat processor, marketer and export JBS Australia has signed a $1.45 billion deal to acquire ham, bacon and smallgoods producer Primo Smallgoods. The brands of the Primo ...
Tags: ham, bacon, smallgoods, Agriculture
Maruti Suzuki unveiled a revamped version of Swift with improved fuel efficiency when compared to its predecessor. The car is powered by 1248cc DDiS 190 diesel engine capable of producing 75 horsepower and pump 190Nm of torque. Maruti ...
Tags: Maruti Suzuki, Swift, Accessories
The American Apparel & Footwear Association (AAFA) hailed the introduction this week of the US Optimal Use of Trade to Develop Outerwear and Outdoor Recreation Act of 2014 or also called the US Outdoor Act. The Act which seeks to ...
Tags: AAFA, US Outdoor Act, Accessories