UK-based drinks company Diageo has completed the sale of Jamaican lager Red Stripe to Heineken for $780.5m. The deal, which was announced in October, entails Diageo offloading its brewing companies in Jamaica, Malaysia and Singapore, to ...
Tags: Diageo, Jamaican lager Red Stripe, Food
China Vanke Co. Ltd unexpectedly suspended trading on Friday afternoon, saying that it's planning to issue new shares for capital restructuring and assets acquisition, according to a statement on the Shenzhen Stock Exchange. The statement ...
A top Chinese executive involved in a big investment scandal has been reported missing. Shan Jiuliang, the chairman of Hong Kong-listed Imagi International Holdings, was last spotted at a board meeting in mid-October. According to a ...
Tags: Chinese executive, missing, Shan Jiuliang
A Chinese leasing firm has signed a deal worth 78 billion yuan (12 billion U.S. dollars) with a Chinese-owned Swedish vehicle company, according to National Modern Energy Holdings (NMEH) on Monday. NMEH is jointly invested and founded by ...
Tags: Swedish vehicle company, National Modern Energy Holdings
Lectra, a world leader in integrated technology solutions dedicated to industries using soft materials, has announced the appointment of Burak Susoy as director for Lectra Turkey and the Middle East. Turkey and the Middle East are regions ...
Tags: Lectra, Burak Susoy, Furniture
Precoat Metals has acquired the metal coil coating and processing assets of Consolidated Metal Products, a business unit of Consolidated Systems. The assets located in Columbia, South Carolina, will be operated as a toll processing ...
Tags: Precoat Metals, carbon steel, Packaging
PACCAR Leasing Company (PacLease) has rolled out Trimble’s Truck4U telematics system across its new truck rental and leasing fleet in Australia. PacLease launched its Australian Truck Rental and Leasing Services division earlier ...
Tags: PACCAR Leasing Company, Truck4U telematics system, Service
Yesterday's U.S. interest rate adjustment narrows the scope for China to balance currency stability with economic growth. The U.S. Federal Reserve raised the benchmark interest rate by 25 basis points on Wednesday, the first increase ...
Tags: U.S.Rate, China's Policy
South Korea's financial regulator on Wednesday approved the banking operations of China Everbright Bank, a unit of the state-owned Everbright Group. The Financial Services Commission (FSC) said in a statement that it gave a nod to ...
Tags: Everbright Bank, foreign banks
Arbor Investments has acquired majority equity stake in California-based DPI Specialty Foods from Ireland-based Ornua Co-operative Limited. DPI sells gourmet, organic, ethnic foods to national, regional, independent retailers, ...
Tags: Arbor, DPI Specialty Foods, dairy products
Anheuser-Busch has launched Best Damn Brewing Co., a brand platform to introduce Best Damn Root Beer. On shelves now, Best Damn Root Beer is the brand's first mission released nationally and the first hard root beer produced by ...
Tags: Best Damn Root Beer, Beer
China's central bank said Monday the Chinese currency has the fundamentals to remain stable relative to a basket of currencies after a change on Friday in the way the renminbi's value is calculated. The fundamentals include a high ...
Tags: RMB, Central Bank
US-based beer brewer Pabst Brewing Company (PBC) has entered into a long-term distribution partnership with Vermont Hard Cider Company, which is manufacturer of American cider. The agreement entails that Vermont Hard Cider will sell ...
The government of Neuquen, a southwestern province of Argentina, said Monday it has approved ExxonMobil's investment plan for developing shale resources in the Bajo el Choique and La Invernada blocks. The company will work with Gas y ...
Tags: shale, GyP, natural gas
First Solar Inc of Tempe, AZ, USA, which makes thin-film photovoltaic modules based on cadmium telluride (CdTe) as well as providing engineering, procurement & construction (EPC) services, says that for full-year 2016 it expects net sales ...
Tags: First Solar Thin-film photovoltaic CdTe, Tempe AZ, Electrical