Brazil heralded this week's auction of a huge oil field as a vindication of its state-dominant approach to its oil riches, but some industry experts say the country must modify its rules before new fields are sold for Brazil to achieve its ...
Tags: Oil, Metallurgy, Mineral, Energy
Green Energy Technology (GET), in view of tight supply of solar-grade polycrystalline silicon wafers arising from increasing demand in China, Japan and emerging markets, aims to increase ASPs by 3-5% in the fourth quarter of 2013, according ...
Tags: Silicon Wafer, Solar-Grade
Shares of Corning Inc. jumped Tuesday after it announced a new tie-up with a Samsung Electronics subsidiary that will boost the glass maker's earnings immediately and guarantees that it will supply Samsung with liquid crystal display glass ...
Corning Inc. (GLW) said its will take control of a joint venture with Samsung Electronics Co.'s (SSNHZ) business that makes LCD glass in Korea and receive a $1.9 billion investment in a series of transactions to strengthen collaboration ...
Tags: LCD Glass Venture, Samsung
Russia and China on Tuesday signed an agreement by which Russia will supply an additional 10 million tonnes of crude oil to China each year over the next 10 years, Russian Prime Minister Dmitry Medvedev said in Beijing. "(We) will supply ...
Tags: Medvedev, Additional Oil
International financial services organization Goldman Sachs Group has divested a majority stake in its UK pension insurance business Rothesay Life to a group of companies. Based on the release by the company, Singapore wealth fund GIC and ...
Tags: Goldman Sachs, Rothesay Life
Shriram General Insurance (SGI), the non-life insurance subsidiary of Shriram Capital, and its South African partner Sanlam, are mulling over acquiring non-life insurance operations in Asia, including Malaysia, Indonesia, Vietnam, and ...
Tags: General Insurance, Insurance
Reshuffling in the LED chip manufacturing industries in Taiwan and China through merger may happen faster than originally expected and larger makers will merge with smaller ones, leaving only two Taiwan-based makers and three China-based ...
Tags: LED Chip, LED packaging
Chalco Hong Kong Ltd, has agreed to sell its equity stake in Chalco Iron Ore Holding to Chinalco Overseas Holdings to ease funding pressure from the joint venture Simandou iron ore project in Guinea, Chalco said in a filing to the Hong Kong ...
Tags: Iron Ore Project, Chalco
Maple Leaf Foods, a Canada-based meats and baked goods producer, is looking at selling its Bakery business, which includes 90% stake in Canada Bread. The company has recently completed a comprehensive review of opportunities to accelerate ...
Tags: Maple Leaf Foods, Bread
French car maker PSA Peugeot-Citroen is in talks to divest stake to Chinese partner Dongfeng and the French state, in order to raise as much as EUR3bn in a capital increase. The company plans to conclude a draft agreement with state-owned ...
Tags: Peugeot-Citroen, PSA
Methanex Corporation agreed to sell an approximate 10% equity share in Egyptian Methanex Methanol Company S.A.E. (EMethanex) to Arab Petroleum Investments Corporation (APICORP) for $110 million. The transaction will increase APICORP's ...
Tags: Methanex, Methanol Plant
TAL Dai-ichi Life Australia, a unit directly owned by the Dai-ichi Life Insurance Company, and its subsidiaries, has agreed to purchase 100% ownership of NFS Group (National Financial Solutions and its subsidiaries), for an undisclosed sum. ...
Tags: NFS Group, Life Insurance
Deal or no deal, the US Congress' dance with default impressed policymakers and investors in China and Japan with just how vulnerable their own economic revival plans are to the next political tantrum on Capitol Hill. The 11th-hour ...
Tags: Dollar Drama, Economy
US-based life insurer MetLife has received regulatory approval from Myanmar's Directorate of Investment and Company Administration to set up a representative office in the country. The company will now concentrate on completing the ...