Friedrichshafen / Stockholm – ZF Friedrichshafen AG, through its wholly-owned subsidiary ZF International B.V. (“ZF”), announced today that it has withdrawn its recommended public cash offer (the “Offer”) to ...
Tags: ZF, withdraw, public cash offer, Haldex
German luxury car-maker Audi is expanding its production footprint worldwide by opening a new automobile plant in San José Chiapa, state of Puebla, Mexico. The plant has an annual production capacity of approximately 150,000 ...
Tags: Audi, automobile plant
The European Bank for Reconstruction and Development (EBRD) has granted $ 560,000 loan to Turkmen meat producer Taze Ay, as part of its efforts to support the private small and medium-sized enterprises in the country. EBRD, along with the ...
Swiss transnational food and drink firm Nestle has opened a new $245m child nutrition factory in Jalisco, Mexico. The 600,000 m2 facility will triple the company's existing capacity for manufacturing child nutrition products. It is ...
Tags: Nestle, child nutrition factory
Olymel has announced that it will expand its pork processing facility in Beauce in Canada’s Quebec province with an investment of $3m. The Canadian pork and poultry meat producer will use the investment for installing new equipment ...
Chinese authorities will release the first batch of sugar reserves this year to stabilize supply and prices, the country's top economic planner announced on Friday. China will sell 350,000 tonnes of sugar from state reserve at 6,000 yuan ...
Consolidated Grain and Barge (CGB) is set to expand its soybean processing plant in southwest Indiana with an investment of more than $31m. Through the expansion, the company plans to double the size of its plant located at the Port of ...
Tags: CGB, expansion, soybean processing plant
Chinese yuan or renminbi (RMB) has been included into the basket of special drawing right (SDR) of the International Monetary Fund (IMF) since Oct 1, marking a milestone in the internationalization of the RMB. Here are seven things you need ...
Tags: SDR Inclusion, RMB
China has decided to remove administrative price controls on the salt market to foster competition, the country's top economic planner announced Sunday. The move will put an end to the nation's 2,000-plus-year state monopoly in the salt ...
Tags: Salt, Salt Market
Chinese telecom equipment giant Huawei Saturday launched an Innovation and Experience (I&E) center in Lagos, Nigeria's economic hub with an investment of six million U.S. dollars. The center, being the first in West Africa, is set up to ...
Tags: Huawei, Consumer Electronics
Natural gas imports to China through northwest China's Xinjiang Uygur Autonomous Region have grown this year, local customs said. As of the end of August, more than 16.75 million tons of natural gas had been imported through Xinjiang this ...
Tags: Gas, Central Asia, Natural gas
The Chinese government will further streamline approval procedures for foreign investment across the country to better attract overseas investment and improve China's business environment. A new legislative guideline was approved during ...
Tags: Ease Rules, China, Foreign Investors
"The inclusion of the renminbi in the SDR is the biggest structural event in currency markets since the creation of the euro66." This was the title of a recent article published on the Euromoney website. This neatly sums up the view of ...
The Chinese government has released a plan on scientific and technological (S&T) cooperation between China and countries along the Belt and Road. China plans to set up joint labs, research centers, tech transfer centers and S&T parks with ...
Tags: Belt and Road, Sci-Tech Cooperation, China
Taiwan-made bathroom furniture with high quality and functionality, along with competitive prices, can help buyers to ride on U.S.’s bullish realty market. With U.S.'s realty and job markets continuously on the mend to sustain ...
Tags: bathroom furniture