Munich-based insurer Allianz has inked an agreement to acquire Turkish property and casualty underwriter Yap Kredi Sigorta including its life and pension subsidiary Yap Kredi Emeklilik, in a deal valued at TRY1.6bn (€684m). ...
Executives from China-based solar firm Wuxi Suntech have visited Taiwan to hold talks with solar cell OEM firms. Wuxi Suntech hopes to continue cooperation with Taiwan-based solar firms while seeking alliances with South Korea-based firms ...
Tags: solar cell, solar firm, solar
The Australian dollar fell sharply today after China announced a tightening of controls on high-yielding financial products that form a key part of the country's shadow-banking system. Traders said the announcement highlighted risks that ...
Tags: Financial Rules, Australian Dollar, high-yielding financial products
THE Standard & Poor's 500-stock index has rallied to the second-highest close in its history, as investors shrugged off eurozone concerns. The S&P500 closed up 12.08 points, or 0.78 per cent, to 1563.77, just shy of its October 2007 peak ...
US stocks dropped as a last-minute bailout deal for Cyprus kicked up worries that deposits across Europe could become future targets of international creditors. The Dow Jones Industrial Average dropped 64.28 points, or 0.4 per cent, to ...
The 3D computer animated LEGO movie from Warner Bros. has been officially named... The LEGO Movie. The film, which features the voices of Chris Pratt, Will Ferrell, Elizabeth Banks, Liam Neeson, Morgan Freeman and more, hits cinemas on ...
Tags: Toys, LEGO, LEGO movie
THE sharemarket jumped after Cyprus reached an in-principle agreement with the troika of international lenders on key parameters of a financial bailout, according to an EU official. Under the agreement, Cyprus' Laiki Bank would be split ...
Tags: economy
April is the month of furniture in Milan. Euroluce and SaloneUfficio, together at the Salone Internazionale del Mobile, the International Furnishing Accessories Exhibition and SaloneSatellite will showcase some of the latest and most ...
Tags: Furniture Fair, Furniture
Recent fiscal changes in Venezuela could help state oil company PDVSA significantly cut its $16.4 billion debt to service providers this year, according to some economists and analysts. The changes, mainly to Venezuela's complicated ...
Tags: oil activity, PDVSA, Venezuela
THE Australian sharemarket rose yesterday, with the financial sector accounting for much of the strength, after eurozone finance ministers approved a new agreement on Cyprus and the so-called troika of international lenders. The benchmark ...
Tags: economy
Saint-Gobain Glass not only boasts the UK’s leading energy-saving flat glass coatings with its SGG PLANITHERM range; it is also working with a growing group of processors to develop and expand its innovative Cullet Returns Scheme and ...
Tags: glass recycling, glass, flat glass coatings
Britain's biggest food manufacturer Premier Foods will seek refinancing over the next six to 18 months to further improve its balance sheet, predicts City analyst Shore Capital. Brand advantage: revenue growth is likely to come from ...
Tags: Foods, food manufacturer, food
Suntech Power's epic plunge from solar module dominance to bankruptcy comes as the result of misplaced investments, a misguided pricing strategy, anti-dumping action in the US and a potential new willingness by the China government and ...
Tags: solar module, solar, Suntech
THE Australian dollar rose to a two-month high on the back of news of a bailout deal to support banks in Cyprus and its embattled government. The bailout will consist of US$10 billion in financing for the government and require the ...
Tags: ceonomy, Australian dollar
The Council of Fashion Designers of America (CFDA) has signed its first Chinese partnership with Shangpin.com, China's leading online retailer. Shangpin.com is China's first online retailer to sell in-season contemporary and designer ...