Pritzker Group Private Capital has agreed to acquire flexible packaging company ProAmpac from private equity firm Wellspring Capital Management for undisclosed amount. ProAmpac, which operates under Prolamina, Ampac and Tulsack brands, ...
Though the Chinese currency renminbi, or the yuan, weakened to a six-year low against the U.S. dollar Friday, analysts said a sharp drop is unlikely despite persistent depreciation pressure. The central parity rate of the yuan retreated ...
Tags: Chinese currency, renminbi
China's top economic planner announced Tuesday it has approved feasibility reports for two railway projects with total investment of 79.47 billion yuan (11.84 billion U.S. dollars). The two projects would be located in the country's ...
Tags: Railway, Transportation
Deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has announced additional cost-reduction initiatives after deciding to significantly reduce future investments in its atomic layer deposition (ALD) technology ...
Tags: Veeco, ALD, cost-reduction
Chinese yuan or renminbi (RMB) has been included into the basket of special drawing right (SDR) of the International Monetary Fund (IMF) since Oct 1, marking a milestone in the internationalization of the RMB. Here are seven things you need ...
Tags: SDR Inclusion, RMB
Cargill reported financial results for the fiscal 2017 first quarter ended 31 August, 2016. Key measures include: Adjusted operating earnings rose 35 percent to $827 million in the first quarter, compared with $611 million in the ...
Tags: Cargill, fiscal results
"The inclusion of the renminbi in the SDR is the biggest structural event in currency markets since the creation of the euro66." This was the title of a recent article published on the Euromoney website. This neatly sums up the view of ...
Copper indium gallium diselenide (CIGS) thin-film solar module developer Siva Power of San Clara, CA, USA has hired solar executive Bruce Sohn as vice-chairman of its board. Sohn was previously the key executive in the growth of cadmium ...
Tags: Siva Power, Bruce Sohn, vice-chairman
Seeley International founder and executive chairman Frank Seeley AM (left) with TMHA South Australia area sales manager Ben Lucas. Australia’s largest air conditioning manufacturer has extended its 20-year partnership with Toyota ...
Tags: Seeley International, partnership, TMHA
On November 10, the third 10 billion yuan of corporate bonds in 2015 issued successfully in the inter-bank market, and on next day, the money was fully funded. These bonds were in bookkeeping way and unsecured with fixed-rate, including 8 ...
Tags: corporate bonds, inter-bank market
Cash flow reflects durability of the integrated portfolio amid continued industry volatility Strong Chemical results highlight sustainable competitive advantages Advancing attractive new investment opportunities across the value ...
Tags: second quarter 2016, results
ExxonMobil to pay $45 per share plus additional cash payment based on Elk-Antelope resource size Boards of directors of both companies unanimously approve terms of agreement Acquisition adds to ExxonMobil resources in successful ...
Tags: ExxonMobil, InterOil, transaction
IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today that its shareholders elected Angela Braly to its board of directors. Braly is the former chairman, president and chief executive officer of health insurance ...
Responding to the changing landscape by re-shaping Shell Setting out an agenda for 2020 and beyond: grow free cash flow per share and returns Taking action to manage the down-cycle: delivering on lower costs, lower and more ...
Saudi Arabian Oil Company ("Saudi Aramco") through its wholly owned Saudi Refining Inc. ("SRI") subsidiary and Royal Dutch Shell plc ("Shell"), through its U.S. downstream affiliate, announce today they have signed a non-binding Letter of ...
Tags: Saudi Aramco, SRI, Motiva