Herbert Hainer, Adidas Group CEO, said for the first time that Adidas may explore “alternatives” to its long sponsorship of FIFA if soccer's world governing body does not reform itself. "If FIFA succeeds in reforming itself -- ...
Tags: Adidas, FIFA, Sporting Goods
Fonterra has sold its Australian yoghurt and dairy dessert business to Parmalat Australia for an undisclosed sum. The sale includes Fonterra’s manufacturing facilities in the Tamar Valley (near Launceston) in Tasmania and at Echuca ...
Tags: Fonterra, yoghurt, dairy dessert, Food
Broadband wireless and wireline communications component maker Anadigics Inc of Warren, NJ, USA says that its board of directors, after consultation with its financial and legal advisors, has unanimously determined that an offer from a ...
Ford will begin testing self-driving cars on public roads in California next year. Fully autonomous Ford Fusion Hybrid sedans will take to the streets after the company secured a permit to begin testing the vehicles on public roads in ...
China made 8.92 billion U.S. dollars in non-financial outbound direct investment (ODI) in November this year, up 12.6 percent year on year, the Ministry of Commerce (MOC) said on Thursday. In the first 11 months of 2015, China made 104.13 ...
Throughout 2015, the world has watched with great interest the development of China-U.S. relations, as many believe almost every interaction between the world's top two economies has a bearing on all major global issues. Here are some ...
Tags: China-U.S.Relations
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
China's retail sales of consumer goods will see annual growth of 10.7 percent this year, the Ministry of Commerce (MOC) forecast Thursday. The domestic consumer market was stable this year and it gained momentum in recent months, said MOC ...
China once again urged the United States to ratify the International Monetary Fund (IMF)'s 2010 quota and governance reform plan, which will grant emerging countries greater say in the institution, as soon as possible. According to media ...
Foreign buyers look at motorbikes during the 118th China Import and Export Fair, also known as Canton Fair, in Guangzhou city, south China's Guangdong province, 15 October 2015. [File Photo: ImagineChina] Chinese Minister of Commerce Gao ...
Tags: motorbikes, Foreign Trade, Canton Fair
Cho Seong-jin won the 17th International Frederic Chopin Piano Competition in Warsaw in October.[Photo provided to China Daily] It's a cold Saturday afternoon and the Beijing Concert Hall is packed. Cho Seong-jin has arrived for his ...
Tags: Cho Seong-jin, Piano, Champion
China's iron ore importers need to keep a close eye on the country's steel mills as they mull output cuts and shutdowns amid a year-end credit crunch, the China Iron and Steel Association said Thursday. Prices of iron ore derivatives ...
Investment bank Goldman Sachs late Wednesday lowered its iron ore price forecast for 2017 by $5/dmt to $35/dmt CFR China after a faster-than-expected softening in seaborne prices. "Iron ore prices have reached our $40/dmt forecast one ...
Tags: iron ore price, steel
The European Commission has cleared commodities trading group Trafigura's minority holding in Belgium-based zinc and lead producer Nyrstar. In November, Trafigura told the EC its minority 20.02% stake in Nyrstar -- held through its ...
Tags: Nyrstar, Zinc, lead metal
Brazil's Braskem has been buying bigger volumes of naphtha from Europe in recent days due to low stocks in Brazil as the petrochemicals producer continues to negotiate with Brazilian state-led oil company Petrobras over the terms of a ...