Sonoco Consumer Products Europe is planning to close two of its tobacco production plants in Germany, resulting in the removal of 100 employees. The Bunde plant in Northwest Germany will be closed by May 2016 and Hockenheim 3 plant in ...
Tags: Sonoco Consumer Products, tobacco, Packaging
Toyota has announced that it is developing a high-precision map generation system to generate road maps that cover a wide area. The system will use data from on-board cameras and GPS devices installed in production vehicles that will ...
The central bank on Tuesday announced plans to introduce green bonds to allow financial institutions to raise funds for green projects. The People's Bank of China (PBOC) said the green bond will widen financing channels for projects in ...
Tags: Green Bond, Interbank Market
The priorities set out by Chinese leaders at a key economic meeting have prompted strong interest among foreign media organizations. The Central Economic Work Conference, which was held here from Friday to Monday, reviewed China's ...
Saudi King Salman bin Abdulaziz Al Saud on Wednesday stressed that the kingdom has not been affected by the current drop in oil prices due to years of money reserve, Saudi Press Agency (SPA) reported. During the past years, money kept ...
Tags: Saudi King, current drop in oil
The Chinese government is taking absolutely adequate measures to handle slowing economic growth and an increase of certain imbalances, a leading Russian expert has said, commenting on China's key economic meeting held last weekend. "What ...
UK-based drinks company Diageo has completed the sale of Jamaican lager Red Stripe to Heineken for $780.5m. The deal, which was announced in October, entails Diageo offloading its brewing companies in Jamaica, Malaysia and Singapore, to ...
Tags: Diageo, Jamaican lager Red Stripe, Food
Nestle India is planning to launch more variants of Maggi Noodles such as oat noodles and cup noodles in the next three-four months time. Nestle India CMD Suresh Narayanan was quoted by the Economic Times as saying: "We will launch other ...
Tags: Nestle India, Maggi Noodles, Food
Finland-based consumer and specialty packaging manufacturer Huhtamaki is expanding manufacturing capacity at its molded fiber packaging plant in Lurgan, Northern Ireland to better serve the growing egg market in the UK and Ireland. Work ...
Tags: Huhtamaki, molded fiber, Packaging
he Bank of Japan (BOJ) announced on Friday it would expand the size of its asset purchasing program while maintaining the same size of the monetary base, in a bid to drive wages higher and boost business spending, two mainstays of the ...
Tags: Bank of Japan Unveils, Increase Wages, Business Spending
China's securities supervisor said on Friday that it plans to stress test its securities and futures institutions to assess how they perform under extreme conditions. During the tests, conditions of a wide swing in the capital market or ...
Tags: Securities, Futures Institutions
The Chinese government will make fiscal policy more forceful and monetary policy more flexible to keep growth in a proper range in 2016, an official statement showed Monday. "China's current proactive fiscal policy needs to be more ...
Tags: fiscal policy, monetary policy
Scandal-plagued Toshiba Corp. on Monday unveiled wholesale restructuring plans in an aggressive move to return the ailing electronics firm to profitability which will include some 7,800 jobs being slashed from its workforce. The firm ...
Lectra, a world leader in integrated technology solutions dedicated to industries using soft materials, has announced the appointment of Burak Susoy as director for Lectra Turkey and the Middle East. Turkey and the Middle East are regions ...
Tags: Lectra, Burak Susoy, Furniture
Acura today announced additional launch details for the next-generation 2017 Acura NSX supercar, coming to market next spring, including pricing and the order taking process. Acura also revealed plans to auction off the very first serial ...
Tags: Acura, NSX supercar, Auto