The Presidents’ Meeting that took place in Tel Aviv this week highlighted five challenges facing the diamond industry, but the issue of profitability was the most pressing. Constituents of the World Federation of Diamond Bourses ...
Tags: diamond industry, mining
Italian chocolate producer Ferrero has agreed to acquire Thorntons, in a cross-border deal that values the British chocolate maker at around $177.7m. Ferrero will make the transaction through its subsidiary Ferholding, which has been ...
Chinese shares dived on Tuesday, with the benchmark Shanghai Composite Index down more than 3 percent at the end of trading, driven by an exodus of capital from the stock market. The benchmark Shanghai Composite Index dived 3.47 percent, ...
Tags: ChiNext Index, Chinese shares
Johnson Controls, announced today that it is exploring strategic options for the separation of its automotive business. Alex Molinaroli, chairman and chief executive officer, Johnson Controls said: "Today's announcement continues our ...
Tags: Automotive Business, Johnson
Net profit at Spain based Inditex Group, the biggest global apparel marketer soared 28 per cent year on year in the first fiscal quarter ended April 30, 2015. In the three months to April 30, 2015, an Inditex Group press release, said its ...
Tags: apparel marketer, apparel
NXP Semiconductors N.V. of Eindhoven, The Netherlands has agreed to sell its RF Power business for $1.8bn to Jianguang Asset Management Co Ltd (JAC Capital, a subsidiary of China state-owned investment company JIC Capital). NXP's RF Power ...
Tags: RF Power Business, JAC
Looking to the future, Audi is envisioning a smart factory, influence by science fiction. In the Encounter magazine under that heading, the automobile manufacturer is now providing a wide-ranging insight on how intelligent Audi's ...
Tags: Audi, Smart Factory
Clariant will participate in Chinaplas 2015, the largest plastics and rubber trade fair in Asia, with its special feature on sustainability-driven products and solutions dedicated to growing needs in the plastic industry for sustainable ...
Tags: Chinaplas 2015, Clariant, plastics, rubber
Cree Inc of Durham, NC, USA, which makes silicon carbide (SiC) and gallium nitride (GaN) wafers and devices as well as LEDs, has submitted a draft registration statement on a confidential basis to the US Securities and Exchange Commission ...
Tags: silicon carbide, gallium nitride, LEDs
Glass container manufacturer Owens-Illinois (O-I) is buying Mexican company Vitro's food and beverage glass container business for around $2.15bn, to gain a competitive position in the Mexican glass packaging market. O-I will acquire ...
Tags: Owens-Illinois, Glass Container, Packaging
Packaging, serving sizes and health consciousness will be the key to profit growth for Coca-Cola Amatil according to its CEO Alison Watkins. Speaking at the company’s Annual General Meeting yesterday Ms Watkins said she was ...
Swiss agribusiness Syngenta has rejected $45bn acquisition offer from global seed technology major Monsanto for the second time citing unfavorable terms for shareholders. If the proposed deal advances, an industry leader with combined ...
Tags: Syngenta, agribusiness
Crocs Inc reported sales slumped 16.1 percent in the first quarter, to $262.2 million, in line with expectations. On a currency-neutral basis, revenue decreased 8 percent. The company showed a loss of $6.0 million, or 8 cents a share, ...
Tags: Crocs, Sporting Wear
Volkswagen has launched a new integrated commercial vehicles group, Truck & Bus GmbH, bringing together a structured framework for business with mid-sized and heavy trucks and buses. Led by Volkswagen Aktiengesellschaft management ...
Tags: Volkswagen, Commercial Vehicles
The group has issued its trading up date for the period from January and added that overall beverage can volumes were up 5%. Growth was strong in the UK, Russia, Germany and Italy. Rexam said that the boost in volumes was driven by energy ...