Global pharma companies Sanofi, Novartis and GSK are competing to acquire the domestic formulations business of debt-burdening Elder Pharmaceuticals. People familiar with the matter were quoted by media sources as saying that Sanofi and ...
Tags: Domestic Formulations, Medicine
China sold US$2.1 billion in government bonds in the Hong Kong market on Wednesday despite the recent cash crunch in the mainland money market that spooked investors this week, Reuters reported. Demand for the yuan-denominated bonds was ...
Tags: HK Bond Market, cash crunch
The Aussie slumped to a fresh 33-month low today as the US central bank signalled plans to rein in its stimulus program before the end of the year and China's economy showed more signs of a slowdown. At 5pm AEST, the Aussie was trading at ...
HSBC has provided a £2.4m funding package to Gilbert's Foods, a food supplier based in Lancashire, UK, in order to help the company expand its export business. The funding package, which includes £2m invoice finance line and a ...
China Mengniu Dairy has agreed to acquire 75.3% stake in infant formula manufacturer Yashili, from chairman Zhang Lidian's family and Carlyle Group, for HK$12.5bn ($1.6bn). As part of this transaction, Yashili's controlling shareholders, ...
Tags: Agriculture, Food
Meat products firm Gilbert's Foods plans to invest millions in its supply chain after securing £2.4M worth of finance from HSBC. Gilbert's Foods supplies products designed for re-heating via microwave, oven, boil-in-the-bag, grill ...
Tags: Agriculture, Food
First Solar Inc of Tempe, AZ, USA – which manufactures thin-film photovoltaic modules based on cadmium telluride (CdTe) as well as providing engineering, procurement & construction (EPC) services – has priced its underwritten ...
Tags: Solar Prices, Energy
First Solar Inc of Tempe, AZ, USA – which manufactures thin-film photovoltaic modules based on cadmium telluride (CdTe) as well as providing engineering, procurement & construction (EPC) services – has announced an underwritten ...
Tags: Solar, Electrical, Electronics
Further falls have been forecast for the Australian dollar, which yesterday dived below the US95c mark to levels not seen since October 2011. Speculation that the US Federal Reserve will begin to slow its monetary stimulus sooner than ...
Tags: Aussie Dollar, US95c
Microsoft and the FBI have combined forces to strike a major blow against one of the world's biggest cyber crime networks, responsible for stealing more than $500m (£323m) from bank accounts. Aided by authorities in more than 80 ...
Tags: Microsoft, FBI, Cyber Crime Ring
NYMEX July crude settled $1.48 higher at $93.45/barrel Monday, largely holding to overnight gains following better-than-expected eurozone manufacturing data. Weak US manufacturing data put downward pressure on the US dollar, which ...
Tags: Oil Complex, Us Dollar
The Australian dollar is slightly higher as investors shrugged off weak economic data and sat on the sidelines waiting for bigger events. At 5pm AEST, the local unit was at 96.56 US cents, up from 96.41 cents on Friday, and at its high ...
Tags: Dollar, Investor, Economic Data
Australian stocks have closed flat, with a strong day from the major miners offset by weakness among the banks. The local market took its cues from a positive finish on Wall Street, opening up about 0.3 per cent, but slid into the close ...
Tags: Bank, Sharemarket
The founder of Liberty Reserve, an online digital currency and payments system based in Costa Rica, has been arrested and charged with money laundering. Further reading Retailers looking to cut Visa and other 'middlemen' out of the ...
Tags: Payments System, Computer Products, software
The sharemarket was flat in mixed trading today, with resources companies down on the back of concern about China's economy, and banks and telecommunications mostly up on account of their high dividend yields. Citi upgraded its year-end ...