It is often assumed that emerging-economy living standards are bound to converge with those in developed countries. But, leaving aside some oil exporters and the city-states of Hong Kong and Singapore, only three countries and regions ...
Tags: emerging economy, financial crisis
There is some good news for garment factory workers. G7 leaders meeting in Bavaria have agreed to establish a new fund to help improve the global supply chain in the wake of the Rana Plaza disaster in Bangladesh in 2013 in which 1,137 ...
Tags: Garment Industry, Insurance Fund
April's Chinese light vehicle results echoed previous concerns as sales of locally made models grew by as little as 2 percent from a year earlier to 1.91 million units. Leaving aside any discrepancies that might have risen from the timing ...
Tags: light vehicle, commercial vehicl
The China Pavilion has quickly become one of the most popular, attracting nearly 18,000 tourists in two days since the opening of Expo Milano 2015 on Friday. Presenting three themes, China Pavilion, China Corporate United Pavilion and ...
Tags: China Pavilion, Expo Milano
Driven by redemption of $0.5 billion of preferred securities in December 2014, net income at NYSE listed Kimberly-Clark (K-C) was knocked down by 35.71 per cent year on year in the first quarter ended March 31, 2015. According to a K-C ...
Tags: Kimberley Clark, Q1 Net Income
As per the latest report of the USDA, global 2014/15 cotton production is projected at 119.2 million bales, 1 per cent below last season. China and India account for half of the world crop, each contributing an estimated 30 million ...
Tags: Cotton Output, Textile
China will set up a pavilion at the World Expo 2015 in Milan that runs from May to October to further promote its business connections in sectors including agriculture, travel, culture and finance. Wang Jinzhen, vice-president of the ...
Tags: World Expo 2015, Milan Expo
Despite concerns over lethargic industrial output and increasing downward pressure in the first quarter (Q1) of 2015, growth in China's key emergent sectors fed positive sentiment. Industrial output in China grew 6.4 percent year on year ...
Berkshire Hathaway has signed a deal to acquire 8.7% stake in Axalta Coating Systems from Carlyle Group for $560m. Under the stock purchase agreement, Berkshire Hathaway will purchase 20 million Axalta's common shares at $28 each. The ...
Axalta Coating Systems Ltd. has announced that an affiliate of Berkshire Hathaway Inc. has entered into a definitive stock purchase agreement with certain affiliates of The Carlyle Group for the purchase of a total of 20 million of ...
Tags: Business Operation, Architectural Coatings, Decoration
Patagonia, through its $20 Million & Change venture fund, announced a strategic investment in Beyond Surface Technologies, a chemical company focused on producing high-performance textile treatments based on natural raw materials. In its ...
Chairman Jimmy Chu of the Fair Friend Ent. Group, Taiwan's biggest machine-tool conglomerate by revenue, announced plans to go public in Taiwan around the end of 2017 by consolidating resources of all of its subsidiaries worldwide. The ...
Tags: machine-tool, horizontal machining
China-based LED packaging service provider MLS has extended production to own-brand LED lighting and began to sell LED light bulbs and tubes in the US market in 2014, and expects LED lighting revenues from the US in 2015 to grow on year by ...
Tags: LED Lighting, US market, LED
AkzoNobel has announced plans to invest more than €20 million in its organic peroxide production facilities in Mons, Belgium, and Houston (Pasadena), Texas, in the US. In Mons, the company is introducing new technologies to increase ...
Tags: Organic Peroxide Operations, AkzoNobel, organic peroxide
China's industrial profits for the first two months of the year declined 4.2 percent year on year, narrowing from the 8-percent decrease seen last December. Profits of Chinese industrial businesses hit 745.24 billion yuan (121.5 billion ...