The People's Bank of China, the central bank, will change rules on how it calculates the loan-to-deposit ratios of banks from next year, a move that is expected to make available more funds for lending. The central bank will expand the ...
Tags: Deposit Calculation Rules, POB
Emmi, a dairy firm in Switzerland, has acquired 34% stake in Emmi Fondue (EFON) owned by French milk processor Bongrain since late 2004. EFON, a joint venture between Emmi and Bongrain, has been dissolved because it became steadily ...
Tags: dairy product, Emmi
DFS reports "continued strong momentum" in its latest financial report, covering the 13 weeks ending 1st November 2014. The quarter saw continued momentum in sales and EBITDA for DFS, with group gross sales up 15.3% to £197m (2013 ...
Tags: selling space, Furniture
The increase in the availability of electric vehicles has the potential to disrupt the fuel retail operations of supermarket giants Woolworths and Coles, according to market research organisation IBISWorld. Fuel retailers such as ...
Tags: electric vehicles, Agriculture
BASF and Gazprom have agreed that they will not complete an asset swap, which was planned for the end of the year. “We regret that the asset swap will not be concluded. We will continue our cooperation of over 20 years with Gazprom ...
Tags: targeted oil, gas-rich regions, Construction
The U.S. Environmental Protection Agency (EPA) filed a complaint against Dynamic Construction and Roofing, LLC of Florida as part of an announcement that included 62 enforcement actions requiring renovation contractors and training ...
Tags: dust, debris, Construction
The U.S. Environmental Protection Agency (EPA) today announced 62 enforcement actions that require renovation contractors and training providers to protect people from harmful exposure to lead dust and debris, as required by EPA’s ...
Tags: dust, debris, Construction
The annual rate of inflation, based on monthly wholesale price index (WPI), declined to 0.0 per cent for November 2014 (over November 2013), according to the provisional data released by the Office of the Economic Adviser, Ministry of ...
Tags: cord fabric, manmade fibre, Textile
Gerald White, CEO Berforts Group, plans to carry on the good work that has gone before in his new role as BPIF President. Tony Garnish, Chief Executive, ASG Europe, and previous President recently stepped down. He commented that, ...
Tags: printing sector, Office Supplies
In the past two weeks, China's stock market, long the subject of neglect, became a public focus, indicating the likely arrival of a bull market period. From Nov. 24 to Dec.5, 2014, the Shanghai and Shenzhen composite indexes rose by 18.13 ...
Tags: Stock Market, bull market
Emcore Corp, which makes compound semiconductor-based components and subsystems for the fiber-optics market, has named Jeffrey Rittichier as CEO. He succeeds Dr Hong Hou, who has served as president & CEO since March 2008. Rittichier has ...
Tags: fiber-optics, market, Electrical
UK’s Thomas Ridley Foodservice has acquired the Elveden Food Hub, which was part of the Earl of Iveagh’s Elveden Farms business. The financial details of the acquisition have not been declared. With this acquisition, the ...
Tags: Foodservice, Agriculture
Profits at corrugated specialist DS Smith have risen in the first half of the financial year. Pre-tax profit is up 45% to £123m while operating profit has risen 10% to £176m However, there was a 5% dip in revenue to ...
Tags: Profit, financial targets, Packaging
Coffee and tea producer Keurig Green Mountain has entered into a multi-year licensing, manufacturing, and distribution agreement with Community Coffee Company. Under the agreed terms, the partners will bring Community Coffee in Keurig ...
Tags: Coffee, hot brewing systems, Agriculture
Cooper Tire & Rubber Co. will sell its 65% ownership in Cooper Chengshan (Shandong) Tire Co. Ltd (CCT) to Chengshan Group Co. Ltd. for approximately $262 million. “Resolving the ownership of CCT has been a key goal for us, and we ...
Tags: Cooper Tire, Cooper-branded products, Auto