Malaysia-based diversified financial conglomerate CIMB Group is seriously exploring options to divest certain stake in Indonesian life-insurance joint venture (JV), PT CIMB Sun Life, to leverage growth opportunities in Southeast Asia. ...
Tags: Life-Insurance, CIMB Mulls
Bector’s Food, an Indian-based biscuits, bakery products and condiments manufacturer, is evaluating plans to sell majority stake in its biscuit business and is currently in preliminary talks with private equity investors. The ...
Tags: Bector's Food, Biscuits
Trigon Snacks, the maker of pub favourite peanut brands such as Big D and Planters, has entered administration as a result of cash flow problems, putting more than 130 jobs at risk. Trigon Snacks makes a range of branded and own-label ...
Tags: Agriculture, Food, Snacks
Richter-Helm, a full-service biopharmaceutical contract development and manufacturing organization, has announced that the US Food and Drug Administration has approved two Richter-Helm facilities in Hamburg and at Bovenau (to the north of ...
Will 2013 be the year the economy finally gets over the blues and gets in gear? At the moment, I'm watching business experts debate that point in my hotel room at CNBC. Many of the commentators believe the economy continues to just stumble ...
Facebook and Yahoo have asked the Foreign Intelligence Surveillance Court (FISC) for permission to publish details of national security requests they receive from the US government for user data. In a policy statement on Tumblr, Yahoo's ...
Elders Limited has agreed terms with its existing financiers to renew and extend its syndicated finance facilities to 31 December 2014, as part of a comprehensive plan to secure the repositioning and sustainability of the company as a pure ...
The US government made 12,444 requests for data about 40,322 Yahoo users, the web firm has revealed in its first annual transparency report. The report marks a more detailed account of what world governments have requested from Yahoo, ...
Tags: Computer Products, software
The National Security Agency (NSA) has tapped into the networks of Google, Brazilian oil firm Petroleo Brasileiro SA, and systems operated by France's foreign ministry, according to leaked US documents. The documents were aired by ...
Tags: Metallurgy, Mineral, Energy
Harvest Fine Foods, a England-based wholesale food distribution supplier, is set to expand its operations and relocate to a larger facility. Established in 1995, Harvest Fine Foods is a family-owned business offering a wide range of ...
Tags: Harvest Fine Foods, Food
As Chinese economy shows signs of picking up, analysts say shadow banking and local government debt, two major financial worries during the past few months, are less likely now to bring down the world' s second-largest economy. While ...
Tags: Local Debts, Financial Crisis
The Co-operative Bank has written down £148.4m after deciding not to go ahead with the implementation of a new core banking platform. The bank revealed the write down as part of its financial results for the six months to 30 June ...
Tags: Computer Products
IC design house Weltrend Semiconductor is expected to see its third-quarter revenues climb to the highest quarterly level for 2013, thanks to growing shipments of its NFC phone chips and LED driver ICs, according to market sources. ...
Tags: NFC Phone Chips, LED Driver ICs
However, Co-op Food posted a fall in operating profits – from £119m to £117.4m. The division also reported a 0.4% in total sales to £3.6bn in the first half to 6 July. Like-for-like sales fell 1.1%. In the first ...
Chinese car maker Geely is planning to sell vehicles co-developed with Volvo outside of its home market and into Europe and the US. Industry journal Automotive News Europe reports Zhejiang Geely Holding Group Co. Ltd, which purchased ...
Tags: Geely, Volvo-Developed Models