RIA Novosti reported that US Russian joint venture Ford Sollers will halt production at its plant in near St Petersburg from December 17 until the end of 2012 and will resume its operations on January 9 after holidays. A company spokesman ...
Tags: US Russian joint venture, Ford Sollers, halt production, Ford, automobile
Iron ore stocks on the ASX have been buoyed by the recent increase in the price of the commodity,which reached its highest level since July.The broader Australian market made small gains across the day as investor sentiment rose on ongoing ...
London based underwriter Aviva has entered into a settlement agreement to transfer its entire holding in Spanish joint venture (JV) Aseval to lender Bankia for 608m (£494m) in cash, which will be held in trust. Pending receipt of ...
Tags: insurer, insurance, cash earnings, Aviva
UPM-Kymmene has started exclusive negotiations with the joint venture formed by a company from the VPK Packaging Group and Klingele Papierwerke on the sale of assets of the French paper mill Stracel. The takeover offer is subject to the ...
Tags: UPM-Kymmene, VPK Packaging Group, Klingele Papierwerke, Stracel
NEXUS Energy has exercised an option to sell a $75 million stake in the Crux gas and liquids field in Western Australia's offshore Browse Basin to the field's operator, Royal Dutch/Shell. The move will drop Nexus's stake in Crux from 17 ...
Swedish telecommunications equipment maker,Ericsson,will take an 8bn Swedish kronor(SEK)($1.2bn)charge in the fourth quarter(Q4)on its stake in the ST-Ericsson joint venture. STMicroelectronics announced earlier this month that it was ...
Tags: Ericsson, ST-Ericsson joint venture, mobile phone chips, acquire
Grocers undoubtedly felt the economic pressures in 2012 with discounters enjoying buoyant growth as a result of an increase in value-seeking consumers. Shoppers' focus on value led to rising online sales and further investment in the ...
Tags: economic pressures, buoyant growth, value-seeking consumers
Marks & Spencer, one of the UK’s leading retailers offering high-quality, great value clothing, will quicken up its India expansion plan, according to a company official. M&S, as it is popularly known, currently has 25 stores in ...
Tags: Marks&Spencer, clothing, stores
Perng Fai-nan, governor of the Central Bank of China (CBC), announced yesterday (Dec. 19) that the CBC has embarked on the establishment of “foreign-currency settlement platform,” which will start operation in the middle of next ...
Tags: Central Bank of China, CBC, foreign-currency settlement platform
Storage vendor Hitachi Data Systems announced today that it is selling a prebuilt infrastructure and a pretested reference architecture that combine servers, networks, storage and management components that can be deployed in days. HDS's ...
Tags: HDS, storage vendor, prebuilt infrastructure, UCP
German automotive manufacturer Daimler has integrated sales units of its locally-produced and imported Mercedes-Benz cars into a single organization known as Beijing Mercedes-Benz Sales Service. The new organization, which is a 50-50 ...
Tags: automotive manufacturer, sales and marketing, aftersales
Packaging supplier Ball has announced that its joint venture metal beverage can plant in Alagoinhas, Brazil will commence a second beverage can production line in the second half of 2013. The Alagoinhas plant, which began production ...
Tags: Packaging supplier, Ball, joint venture metal beverage
Japan's trading company Hanwa Co Ltd is contemplating setting up its metal scrap recycling joint venture in suburban Surabaya,Indonesia as PT Hanwa Royal Metals under the agreement reached between Hanwa's two subsidiaries and PT Indonesia ...
According to Ball, the San Luis Potosi plant produces extruded aluminum aerosol cans for personal care and household products serving North, Central and South American customers. The plant, which is part of Ball's metal food and ...
Essex County Council is to upgrade ICT services for 200,000 users in an 81m euros next generation network(NGN)contract that also aims to cut costs. The council awarded the NGN contract to Daisy Updata Communications Limited(DUCL),a joint ...
Tags: Essex County Council, PSN, ICT services, NGN contract, DUCL