India s Jaiprakash Associates is to sell its cement plant in Gujarat state to UltraTech Cement in a deal worth around $594m (INR:38bn) including debt. The companies told Bahrain's Gulf Daily News that UltraTech, India s largest cement ...
Tags: Cement, Construction
Nissan may be a Japanese automotive brand now in its 80th year, but the Nissan of today is vastly different and far more diverse than it has ever been. At the Nissan 360 event in Los Angeles, the brand’s global head of product ...
Tags: Japanese Car Company, Nissan
As Chinese economy shows signs of picking up, analysts say shadow banking and local government debt, two major financial worries during the past few months, are less likely now to bring down the world' s second-largest economy. While ...
Tags: Local Debts, Financial Crisis
Australia-based meat processing company Thomas Foods International has acquired Mondello Farms, a wholesaler of processed potatoes, for an undisclosed amount. McGrath Nicol, who was appointed as receiver after Heard Phillips was hired as ...
Tags: Thomas Foods, Potato Producer
Nokia's credit rating has been cut even further by ratings agency Moodys, over concerns about the company's cashflow. The company's credit rating now stands at B1, four levels below "investment grade". Further reading Nokia to launch ...
Once a rising star, Chi Mei Lighting is now knee deep in debt with no help on the horizon by its two wealthy shareholders Foxconn Electronics and Chi Mei Corp. Founder and chairman of Foxconn Terry Gou wholeheartedly supports his affiliate ...
Tags: Chi Mei Lighting, Lights
According to the latest financial report released by Hong Kong-based conglomerate CITIC Pacific, a diversified company with a primary focus on special steel manufacturing, iron ore mining, energy and property, in the first half of the ...
Tags: CITIC Pacific, Mineral
LED chip manufacturer Chi Mei Technology Corp went out of business last month after a surprise exodus by the company’s board members. A staggering amount of NT$5.6 billion in unpaid debts has lead to anger from creditor banks. The ...
Tags: LED chip, Chi Mei Technology
A credit crisis in Shenmu, a bustling northwest China county that built its riches on coal, has stoked concerns regarding how quickly the country can complete its economic transition. Hundreds of underground banks that mushroomed in ...
Tags: Economic Transition
Chimei Optoelectronics has gone out of business leaving behind NTD 5.6 billion in debt. The company's creditor bank has been pursuing the company to obtain their financial claim but has yet to hear anything from the company. Chimei used ...
A forthcoming audit of overall government debt in China is expected to reveal the status quo of growing government debt and its potential risks amid the country's economic slowdown. The planned nationwide audit follows a previous one ...
Tags: Gov't Debt
Russia-based Mechel has announced that it is selling its 100 percent stake in UK-based steel plant Invicta Merchant Bar and its debts to Mechel to privately-owned Helium Miracle 127 LLP for £1.1 million. Invicta Merchant Bar was ...
Tags: Steel Plant, Mechel
IDG News Service - The two biggest mobile operators in the U.S. are fiercely competitive and closely matched in size. So will AT&T's proposed multibillion-dollar acquisition of Leap Wireless change the balance? Market figures and ...
Tags: Computer Products, software
US-based Flowers Foods has received regulatory approval to complete the acquisition of certain bread brands and assets of Old HB, formerly known as Hostess Brands. The deal, which is expected to be completed in the coming weeks, includes ...
Tags: Flowers Foods, bread
Dell's special committee has advised company founder, and prospective new owner, Michael Dell, to raise his acquisition offer following an improved counter-offer by rival Carl Icahn and his associate investors. The independent committee, ...