US stocks pushed to the highest levels in nearly three weeks as investors await news on whether the Federal Reserve will pull back on its stimulus measures. Small-company stocks were among the best performers in Tuesday's rally, with the ...
Foxconn's Hon Hai Precision Industry Co. has set up a Japanese research center devoted to display and touch technologies that could end up hiring staff away from Sharp. The new center, called Foxconn Japan RD Co., represents a major ...
Tags: Foxconn, Research Center, Sharp
Lassonde Industries has entered into an agreement to increase its stake in Clement Pappas and Company (CPC), a leading private brand supplier of cranberry sauces and beverages, from 70.7% to 84%. The deal is valued at $21.2m. Lassonde has ...
Tags: Lassonde, Clement Pappas
In keeping with the austerity push that has been a hallmark of the broking sector since the global financial crisis erupted, Wilson HTM's staff last month vacated their digs - and harbour views - at Sydney's Governor Phillip Tower. In ...
Tags: Listed Brokers, Market Rebound
Solar wafer maker Sino-American Silicon Products (SAS) on May 7 announced a merger with Sino Solar, its joint venture which makes crystalline silicon solar cells, through the acquisition of a 58.12% stake at NT$7.05 per share for NT$810 ...
Tags: SAS, Sino Solar, Lighting
Bank of Beijing is in talks with ING Group over a possible acquisition of a stake in their joint venture, said Yan Bingzhu, chairman of the Beijing-based bank, at a results release conference today. ING Group intends to sell its stake in ...
Tags: Bank, Service, Bank of Beijing
Dutch consumer goods company Unilever has announced a voluntary open offer to increase its stake in its Indian subsidiary Hindustan Unilever (HUL) from 52.48% to up to 75%. Under the terms of the deal, Unilever agreed to pay INR600 ...
Tags: Unilever, Hindustan Unilever
Indian steelmaker JSW Steel has denied media reports about Japan's JFE Steel increasing its shareholding in JSW. The Indian steelmaker stated that JFE Steel still has a 16.17 percent shareholding in the company. An Indian-based newspaper ...
Tags: Steel Denies Reports, Mineral
The sharemarket notched up its biggest gain for five weeks yesterday as the banks led broad-based gains thanks to lower-than-expected domestic inflation data and stronger offshore markets. The consumer price index rose 0.4 per cent in the ...
Tags: Renewed, Interest Rate
South African-based coal producer Universal Coal has announced that it has increased its ownership in the 1.35 billion mt Berenice coking coal project in the Limpopo region of South Africa to 50 percent. Reaching 50 percent ownership will ...
Tags: Coking Coal, Metallurgy, Mineral, Energy
The sharemarket fell slightly yesterday as traders took profits in financial stocks and other defensives, while continuing to buy miners after China's benign March inflation data sparked an upturn in commodity prices. The benchmark ...
Tags: Stocks Dip, economy
Gujarat NRE Coking Coal (GNCCL), the Australian subsidiary of India-based Gujarat NRE, has announced that India-based Jindal Steel & Power Limited (JSPL) has increased its shareholding in the company to 31.5 percent from 29 percent as of ...
Tags: Coking Coal, coal, Metallurgy, Mineral, Energy
Gujarat NRE Coking Coal (GNCCL), the Australian subsidiary of India-based Gujarat NRE, has announced that India-based Jindal Steel & Power Limited (JSPL) has increased its shareholding in the company to 29 percent as of March 22. JSPL also ...
Tags: Metallurgy, Mineral, Energy, Coking Coal
BP announced Friday an $8 billion share buyback program, following through on a promise to reverse the dilutive effect on earnings from its sale of its stake in TNK-BP. BP, which completed the sale of its 50% stake in TNK-BP to Rosneft on ...
Tags: BP, TNK-BP Proceeds, Chemicals
Reportedly, Tata Steel has injected CAD 30 million to acquire half the interest in Labrador Iron Mines Howse deposit in Canada estimated iron ore reserves of 28 million tonthrough its subsidiary TATA Steel Minerals Canada. This is ...
Tags: Tata Steel, Steel, Mine