The Nordic Investment Bank (NIB) and the Volvo Car have signed a five-year loan agreement of SEK1bn (EUR102m) to finance the next phase of the company's R&D program. The loan will support financing for the development of new modular ...
Tags: Volvo Cars, R&D programme
Nissan Motor has agreed to divest its 41% stake in Japanese auto parts firm Calsonic Kansei to private equity firm KKR for JPY498.3bn ($4.5bn). This deal is being regarded as one of the largest deals in Japan, particularly in the ...
Tags: Nissan Motor, KKR
The UK Government has unveiled £390m of funding to support the development of low emission vehicles and autonomous vehicles. The announcement was part of UK finance minister Philip Hammond's first budget speech in the Parliament. ...
Tags: Autonomous Vehicles, EV
China has "basically" achieved this year's steel and coal capacity reduction goals, according to a State Council statement. A statement released after a State Council executive meeting presided over by Premier Li Keqiang spoke highly of ...
Tags: steel, coal capacity
NatureSweet Tomatoes announced seasoned financial executive Bo Meissner as its new chief financial officer. "Bo brings a depth of experience to his role as leader of our financial team," said NatureSweet CEO and President Bryant Ambelang. ...
UK food producer Cranswick has acquired Northern Irish pork processing business Dunbia Ballymena for an undisclosed amount. Cranswick purchased the entire issued capital of Dunbia Ballymena’s pork business for cash. Dunbia ...
Tags: Cranswick, food producer
No longer the mainstay of hand-humping early adopters, virtual reality is truly about to enter the big league. IMAX is raising $50 million to finance the next generation of visual entertainment, à la virtual reality. The media ...
Tags: VR Content, IMAX
Supremex, a North American manufacturer and marketer of a broad range of stock and custom envelopes and growing provider of packaging and specialty products, announced its results for the third quarter and nine-month period ended 30 ...
"Please do not stand too close or my pretty face will be too big in your photos," Jia Jia told her "fans" at the 2016 World Robot Conference in Beijing. Jia Jia is a typical oriental beauty with shiny hair, bright skin, a slender figure ...
Tags: Robot, Robotics Industry
Sale of 40% stake in Glencore Agricultural Products and creation of long-term partnership with CPPIB Glencore plc (“Glencore”) is pleased to announce that it has entered into a definitive agreement with Canada Pension Plan ...
Tags: Agricultural Products, Glencore
Singapore based global agri-business company Olam International has acquired 100% stake in coffee specialist Schluter for $7.5m. A combination of internal accruals and existing debt facilities will be used by Olam to finance the ...
Tags: Olam International, Coffee
The property sector saw a year-on-year growth of 8.8 percent in the third quarter of this year, according to official data released on Thursday. The National Bureau of Statistics (NBS) released the GDP figures of different industries on ...
Tags: Property Sector
China and the Philippines on Thursday pledged to improve economic ties through cooperation. During a meeting with Philippine President Rodrigo Duterte at the Great Hall of the People, Chinese Premier Li Keqiang said China and the ...
Tags: Economic Ties
Chinese Internet giant decided to set up a new fund to invest in start-ups in their mid-and-late development stages, a company announced Wednesday. The private-equity-style fund, Baidu Capital, will allocate about 20 billion yuan (US$2.98 ...
Australian business attitudes are upbeat as we head into the year-end holiday trading period. According to Dun & Bradstreet’s September Business Expectations Survey, companies are anticipating increased sales, profits, employee ...
Tags: business, Dun&Bradstreet, merry Christmas