The Chinese government has been authorized to ease investment rules in three new free trade zones (FTZs) after top legislature gave the go ahead during a bi-monthly meeting on Sunday. The new zones will be located in South China's ...
Tags: Investment Rules, Free Trade Zones
Foreign automakers in China may struggle to dictate sales goals in the future after dealers complained to the government that inflexible targets set during a market boom obliged them to buy too much stock and bear the brunt of a drop in ...
Tags: auto market, carmakers
Thailand headquartered and producer of petrochemicals and fibres, Indorama Ventures has signed two joint venture deals in Mexico, both in which it will have a 51 per cent holding. The first is Indorama Ventures EcoMex, S. de R. L de C.V ...
Tags: petrochemicals, fibres, Textile
BASF and Gazprom have agreed that they will not complete an asset swap, which was planned for the end of the year. “We regret that the asset swap will not be concluded. We will continue our cooperation of over 20 years with Gazprom ...
Tags: targeted oil, gas-rich regions, Construction
American Apparel, Inc., a retailer of branded fashion apparel, has appointed Chelsea A. Grayson as executive vice president, general counsel, and secretary of the company, effective as on December 15, 2014. Chelsea Grayson has more than ...
Tags: General Counsel, apparel
Burger King opens beef-free restaurant in India Global fast food giant Burger King Worldwide, Inc. (Burger King) has opened its first Burger King restaurant in New Delhi in India. The opening marks not only its debut in India, but also ...
Tags: beef-free restaurant, Agriculture
bto increase its capital spending by about €1.1bn, which is triggered by the increase in development cost and investment in technologies required to reduce CO2 emission from production. More than half of its capital spending is ...
Tags: CO2 emission, Global Presence, Auto
The European Union (EU) is planning to talk to Japan on opening the latter's beer market to the European countries prior to the signing of a free trade deal in 2015. The EU countries including France and Germany will ask Japan to alter ...
Tags: Beer Market, free trade deal, Agriculture
Dow Chemical, which wants to hive off its various stakes in Kuwait’s chemical and petrochemical sectors, will offer its shares to Kuwaiti citizens as an initial public offering (IPO). Kuwait's state news agency KUNA quoted Public ...
Tags: petrochemical sectors, Dow Chemical, Textile
Producer of speciality chemicals and NYSE listed, Eastman Chemical said it expects to deliver greater than 12 percent EPS growth, from strong organic growth due to acquisition of Taminco. Alongside, Eastman also expects to generate more ...
Dow Chemical said it will reconfigure and reduce its equity base in the MEGlobal and Greater Equate joint ventures, including Kuwait Olefins Company (TKOC) and Kuwait Styrene Company (TKSC). This reduction, Dow said, will be done through ...
Tags: petrochemical products, Qurain Petrochemical Industries, Textile
The analyst presentation that De Beers published this week on behalf of Anglo American was as revealing as the company’s much publicized Diamond Insight Report. Whether this was a once-off publication or not, the presentation was ...
The LED packaging industry’s value is anticipated to only rise an estimated 3.2% on-year in 2015, from this year's US$14.6 billion to US$15 billion, according to the latest “Global LED package Industry Report” released by ...
Tags: LED Packaging, LED Lighting
“China heavy truck markets will change in ten years, and the change is not fundamental. China commercial vehicle makers will still take majority of the markets, and domestic commercial vehicle markets will not be dominated by joint ...
Tags: Heavy Truck, commercial vehicle
Volkswagen is extending its partnership with its Chinese joint venture partner First Automotive Works for further 25 years. Apart from the partnership extension, the companies are planning to invest in the Shanghai Volkswagen (SVW) ...
Tags: Volkswagen, Partnership, Accessories