A new rivalry at the top of the Organization of the Petroleum Exporting Countries oil group has emerged, pitting up and coming Iraq against undisputed cartel heavyweight Saudi Arabia. Having overtaken Iran as OPEC's second biggest producer, ...
Tags: oil, Petroleum Exporting, Petroleum, oil prices
Phillips-Van Heusen Corporation (PVH Corp.) and The Warnaco Group Inc. announced that they have entered into a definitive merger agreement pursuant to which PVH will acquire Warnaco and holders of Warnaco common stock will receive $51.75 in ...
Tags: Phillips-Van Heusen Corporation, Warnaco Group Inc, Calvin Klein
HP has appointed Mike Nefkens as Executive Vice President of HP Enterprise Services, it announced today. Nefkens, who has held the title of EMEA GM for HP Enterprise Services for the last three years, will now be responsible for driving ...
Tags: EMEA, enterprise services, executive vp, gm, highlightedpost, HP
Schneider Electric today announced it has seen 4% growth in the last quarter, as well as 9% in the first nine months of 2012, with infrastructure, buildings, power and IT business units showing the most momentum, during the first day of its ...
Tags: cloud, Cloud growth, energy, Schneider Electric
Q-Re, a wholly-owned subsidiary of Qatar Insurance Company (QIC), has awarded a contract to Xuber for delivery of its International Reinsurance and Insurance System (Iris) to help streamline its operational efficiency. Selected after a ...
Tags: Q-Re, Qatar Insurance Company, Xuber
Chocolate manufacturer Barry Callebaut is to become the globe’s largest cocoa processor with the acquisition of the Cocoa Ingredients Division of Petra Foods, based in Singapore for $950M. Barry Callebaut is to become the ...
Tags: Barry, cocoa processing, acquisition, Petra Foods
Despite a backdrop of a slower global economy and continued uncertainty – notably surrounding the euro zone – global prime retail markets have proved generally resilient over the year to June, with rental growth driven in ...
Tags: luxury retailing, global prime retail markets, international brands
Market research institute Ceresana forecasts global revenues of the biocides market to be almost US$7.3 billion in 2019.The prices of biocides vary considerably depending on the type of product,thus constituting a crucial influence on ...
US food giant General Mills has outlined a number of its global growth plans for its current fiscal year. Company executives yesterday (10 July) discussed plans that the company hopes will fuel growth in the US and beyond at a meeting ...
Tags: Growth Plans, fiscal year, fiscal 2013
Burberry celebrates the launch of its new flagship store on Michigan Avenue on November 29. Burberry expands from a two-story building to a 25,000-square-foot flagship showcasing Burberry's love for the digital age and luxury brand's ...
Tags: Angela Ahrendts, Burberry, capsule collection, flagship
US agribusiness giant Cargill has launched its stevia sweetener Truvia in Venezuela. Cargill announced the launch of the natural sweetener into the South American market yesterday (18 July), following what it claims is "a year of ...
Tags: Truvia, sweetener Truvia, natural sweetener, sweetener, food
Berry Palmer & Lyle Ltd (BPL Global), a UK-based political risk broker has opened a new branch in Singapore, its second Asian subsidiary after the launch of a Hong Kong branch in early 2011. Located in Raffles Place, BPL Global will ...
Tags: BPL, new branch, Singapore
Building on the successful debut of the inaugural 2012 Global Summit in Bangkok,Cotton International will once again unite the global cotton and textile industries to address the challenges and opportunities facing the full cotton value ...
Tags: cotton value chain, textile, ITMF
Reuters reported that Norwegian aluminium group Norsk Hydro hopes to pay an unchanged dividend on 2012 earnings as the global market continues to recover from a slump. The market outside China could grow 2% to 4% next year after this ...
Tags: Norsk Hydro, metal, aluminium
Copper supply shortages will extend into the first half of next year as an accelerating Chinese economy more than doubles the pace of growth in global consumption even as mines extract a record amount of metal. According to the ...
Tags: copper, supply shortage, metal, mines extract, slowing growth