Alibaba has agreed to buy some 30 percent stake into China's food delivery service Ele.me, valued at 1.3 billion U.S. dollars. The deal is expected to be completed after the Spring Festival in Feburary of next year. After completion, it ...
The United Arab Emirates (UAE) has signed an agreement with China to set up a clearing hub for the Chinese currency Yuan or Renminbi, local UAE media reported on Sunday. The UAE clearing hub for the Chinese currency, which will satisfy ...
Tags: RMB Clearing Hub
Myanmar authorities will appeal against death sentences on two Myanmar citizens for murder of two British backpackers in Southern Thailand last year, said U Ye Htut, Presidential Spokesperson on Thursday. The appeal will be made to the ...
Tags: Death Sentences
Hong Kong has replaced New York this year as the world's biggest IPO market by the amount of funds raised. According to data from Reuters, companies have raised 25 billion U.S. dollars from initial public offerings in Hong Kong so far ...
Tags: IPO Capital
Cooke Seafood Group has initiated an offer to acquire Uruguayan seafood company Fripur S.A. Cooke's exclusive investment banking advisor for the deal is Antarctica Advisors. The acquisition offer was in line with the Court's ...
Tags: Cooke Seafood Group, Fripur S.A., Food
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
Belgium brewer Anheuser-Busch will acquire Arizona-based craft brewer Four Peaks Brewing Company, in an effort to expand its portfolio of craft breweries. Following the acquisition, Four Peaks brewery will continue to brew all of its ...
Tags: Anheuser-Busch, beers, Food
UK-based dairy processing company Dairy Crest has acquired the remaining 50% shares in Promovita Ingredients Limited held by Fayrefield Foods Limited for £6m cash. Promovita was established as 50:50 joint venture between Dairy Crest ...
Tags: Dairy Crest, Promovita, Agriculture
Traditional Chinese medicine makers are expanding their presence in the global markets in a big way, as the government reiterated its support to further strengthen the sector. Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd, the ...
Tags: Traditional Chinese medicine, Overseas Markets, medicine
The Chinese government is calling on the Philippines to give up any illusions of sovereignty over islands claimed by China in the South China Sea. Foreign Ministry spoksperson Hong Lei commented following the release of a court transcript ...
Tags: South China Sea, Arbitration
China Southern Airlines is buying more than 100 Boeing-737 jets in a deal worth about 10 billion US dollars. The airline and its Xiamen Airlines unit will buy 30 737-Next Generation jets and 80 737-Max aircraft. The order comes after ...
Tags: Chinese Airline, Jets, Boeing
China's largest oil refiner Sinopec has completed a deal to acquire a 10 percent share of Russia's largest gas processing company Sibur. Under the deal, Sinopec will have the right to nominate a representative to Sibur's board of ...
Tags: Sinopec, Russia's Sibur
China's Silk Road Fund, a medium- to long-term investment fund, will buy 9.9 percent of a Russian liquefied natural gas (LNG) project. The Silk Road Fund said Friday that it entered into a set of binding agreements with Russia-based ...
The free trade agreement (FTA) between China and South Korea will officially come into force from Sunday, providing an opportunity for the two countries to push forward their already-close cooperation partnership further. Seoul's trade ...
Tags: FTA, China and ROK
The Japanese government is set to announce a record-high budget of some 96.7 trillion yen (798 billion U.S. dollars) for the next fiscal year to cope with the nation's dire demographic circumstances and related welfare costs, government ...
Tags: Japanese Gov, Budget