The recent drop in the exchange rate between the Chinese yuan (RMB) and U.S. dollar, the so-called "black Monday" on China's stock market and successive steep fall of the primary commodity market allowed much of the world to accuse China of ...
Tags: stock market, RMB depreciation
Premier Li Keqiang has encouraged State-owned enterprises to play a key role in the drive by the nation's industries to "go global", and make the most of their financial and technological advantages as they step up their international ...
Tags: nation's industries, economy
World-industry leader Bosch is debuting a new battery technology for electric vehicles that might be available in five years as it acquired the U.S. start-up Seeo Inc. founded in Hayward, California. Bosch will combine Seeo’s ...
Only 27 percent of U.S. merchants will be EMV-ready by the October 1st liability shift, down from 34 percent estimated in March, according to a survey by the Strawhecker Group (TSG) released Thursday. By December 2015, 44 percent of ...
For first-half 2015, epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK has reported unaudited results in line with expectations and its July trading update. Revenue was £53.2m, down 11% on £60m in second-half ...
Anheuser-Busch InBev is exploring the acquisition of competitor SABMiller, a deal that would lead to a $275bn merged entity which would produce one out of every three beers globally. If the deal goes through, it would be one of the six ...
Tags: Anheuser-Busch InBev, SABMiller, beer
It’s a long way from New York’s Madison Avenue advertising agencies to Gaborone, but for Botswana a lot is riding on the success of the ad campaign De Beers will launch in the coming weeks. Like oil-exporting countries now ...
Bosch is planning to introduce a new battery technology based on solid state cells for electric cars with the help of its recently acquired company Seeo. The company said that it has knowledge and exclusive patents for solid-state ...
Tags: Bosch, Seeo, electric cars, lithium-ion battery
The European Bank for Reconstruction and Development (EBRD) has given a €10m loan to Turkey’s dairy producer Mar Tuketim Maddeleri Ihracat Ithalat San. Ve Tic. A.S., which is known under the brand name Kay. The loan amount ...
Pinnacle Foods reported its financial results for the second quarter ended June 28, 2015 and raised its guidance for full-year adjusted diluted earnings per share to $1.89 to $1.91, representing the high end of its previous $1.86 to $1.91 ...
Tags: Pinnacle Foods, Grocery, Foods
Infineon Technologies AG of Munich, Germany says that is the market leader in power semiconductors for the twelfth consecutive time. Following the firm's acquisition of International Rectifier at the beginning of 2015, Infineon has a market ...
Tags: power semiconductors, Electronics
Peak Performance, Scandinavia's largest technical sports and fashion wear brand, generated revenue of DKK 953m ($154 mm) in the fiscal year ended June 30, up 2.5 percent from the prior fiscal year, or 4.1 percent in currency-neutral terms, ...
Thule Group divested its Snow Chain business Wednesday in order to tighten its focus on driving growth in its core Outdoor & Bags segment, which makes everything from car racks to backpacks, and cases for consumer electronics. Thule Group ...
Tags: Thule Group, Outdoor, Bags
Precor has reached an exclusive worldwide distribution agreement with Mad Dogg Athletics Inc. under which Precor will assume all commercial Spinner bike production for an entirely new line of commercial Spinner indoor cycling equipment. ...
Tags: Precor, indoor cycling products, Fitness
Polyethylene films manufacturer BP Plastics is increasing production capacity at its plant in Batu Pahat, Malaysia, in a bid to increase exports. The company invested MYR13.5m ($3.12m) in a new cast stretch film machine from Austria amid ...
Tags: BP Plastics, Film Production