Companies in China, whose tainted milk powder scandal in 2008 left six dead and more than 300,000 sick, are vaunting tie-ups with French dairies to shore up their image but some fear this could backfire for Paris. Chinese firm Biostime ...
Tags: Dairy Firms, milk powder
HP CEO Meg Whitman has revealed that the company is still in the market for technology industry acquisitions - but "only" up to $1.5bn in value. Speaking in a US television interview after unveiling lacklustre financial results, Whitman ...
Tags: HP, Computer Products, software
Prime Minister Kevin Rudd has pledged half a billion dollars for Australia's automotive manufacturing industry in an attempt to give investment certainty to local car makers and shore up their future beyond 2020. Under the 'New Car Plan ...
Tags: Auto, Transportation
Lloyds Banking Group, a 40% government-owned UK lender, is mulling to divest its German insurance business Heidelberger Leben to Frankfurt-listed insurer Hannover Re, in a transaction valued at approximately €400m ($533m). As part of ...
Tags: Lloyds Banking, Insurance
Australia’s peak national motoring organisation says the Federal Government’s $200 million assistance package for the local car industry is an admission that its changes to the fringe benefits tax (FBT) rules were a mistake. ...
Tags: Package Announcement
The Federal Government has announced a further $200 million funding boost for the Australian automotive industry and mandated a 100 per cent Australian-made target for the purchase of Commonwealth fleet passenger cars. Industry minister ...
Tags: Automotive Industry
Bank of Communications (BOCOM), China's leading commercial bank, released its projections on Monday for China's economy in the second half of 2013, predicting gross domestic product growth of around 7.5 percent by the end of the year. ...
Tags: Economy
South Australian Premier Jay Weatherill has hinted Holden could receive additional government funding to help shore up its local manufacturing future. Weatherill told News Limited he was prepared to go to great lengths to save Holden, ...
Tags: Transportation, auto, car
The Chinese government has been busy probing Western firms this week. On Monday, the country announced it would investigate EU wine dumping into the Chinese market, an action that could see prices hiked on imported wine this year. On ...
Tags: Agriculture, Food
Japan's Sharp said Thursday it will team with a large Chinese manufacturer to build a factory in Nanjing and mass-produce LCD screens for TVs, computers and tablets. Sharp said it will form a joint venture with China Electronics Corp. ...
Tags: Sharp, LCD Panel, Chinese Firm
3-D printer company Stratasys is acquiring desktop 3-D printer maker MakerBot for over $400 million in an all-stock deal, to shore up its consumer presence. Privately-held MakerBot has sold more than 22,000 3-D printers since it was ...
Tags: 3-D Printer, Stratasys, MakerBot
Microsoft today announced it's struck a deal with Best Buy to create 600 stores-within-stores in the U.S. and Canada to sell customers on Windows 8, the Surface tablet line, and new PCs and devices from other OEMs. The move, which ...
Lenovo is in preliminary negotiations to start a joint venture with an unspecified party, the company said on Tuesday, setting off speculation that the company could be looking to bolster its expanding smartphone business. The Chinese PC ...
Tags: Lenovo, Joint Venture, Smartphone
China could be ready to deploy its proposed embargo on imports of thermal coal with a calorific value of less than 4,540 kcal/kg on a net-as-received basis, and on thermal coal with a sulfur and ash content of more than 1% and 25% ...
Tags: Low CV Coal Imports, Chemicals
THE sharemarket drifted in patchy trade to close marginally lower yesterday, rounding out an otherwise positive week that was characterised by improving sentiment towards the resources sector. BHP Billiton rose 2.8 per cent and Rio Tinto ...
Tags: Bourse, Resources Recover