British motor insurer Direct Line Group has reported operating profit of £131.2m for the third quarter of 2013, with an increase of 6.1% compared to £123.7m during the same period earlier year. The company said that the 6.1% ...
Tags: motor insurer, Direct Line
Recession in the Chinese shipbuilding industry still continues. CSSC Jiangnan Heavy Industry Co., Ltd., (SHSE: 600072), a listed arm of China State Shipbuilding Corp. (CSSC), released financial for the third quarter of this year on ...
Tags: Transportation, Shipbuilding
CTBC Financial, the parent company of Chinatrust Commercial Bank, has announced plans to acquire the local insurance firm Taiwan Life in a TWD26.6bn ($904m) deal. As per the terms of the agreement, CTBC will take over the insurance firm ...
Tags: Insurance, CTBC Financial
Cognizant (CTSH) has announced that Max Life Insurance, India's largest non-bank owned private life insurer, has licensed Cognizant's TruMobi suite as its enterprise mobility platform to help transform the way thousands of its agent ...
Jos. A. Bank is willing to consider raising the acquisition price it proposed to Men's Wearhouse on September 18, 2013 of $48 per share, or a 42% premium to the closing price of Men's Wearhouse common stock on the day prior, if Jos. A. Bank ...
Tags: Men's Wearhouse, Jos A Bank
Anvil Semiconductors Ltd of Coventry, UK has secured £1m in funding to help it speed the development and commercialization of its silicon carbide (SiC)-on-silicon technology for power devices. The benefit of SiC-based devices is ...
Tags: SiC power converters SiC-on-silicon driver ICs, Electrical, Electronics
More than 3.4 billion people, nearly half the world's population, own at least one mobile phone in 2013. As of 2010, more than 90 percent of people worldwide were covered by a mobile phone signal, according to a new Vital Signs Online trend ...
Tags: Mobile Phone, Consumer Electronics
Scottish firm Insignia will use the £865,000 investment to press on with trials in the US and Europe for the technology, which is based on what it calls a "smart pigment". The money has been raised from investors including Equity ...
Tags: Smart Labe, Packaging, Printing
It's reported that rebar futures in Shanghai rose for a second day on decrease of money market rates, indicating the cost of funding is dropping. Rebar for delivery in May on the Shanghai Futures Exchange (SHFE) hit RMB3, 601/ton or rose by ...
Tags: rebar, steel, Construction
Deutsche Bank (China) Co., Ltd. (DB China) declared that it has been approved by the People's Bank of China (PBOC) to handle inter-bank bond settlement agency service, offering service to companies and financial institutions participating ...
Judging by the designer shoes this young Chinese entrepreneur is sporting, his business, a cozy Italian restaurant in an upscale Shanghai neighborhood, must be doing rather well. The new car parked outside reinforces that observation. On ...
Tags: Bank Loans, Innovation
People's Bank of China in a closed-door meeting last week sought to reassure money-market traders that a short-term spike in interest rates would not necessarily translate into a tightening of liquidity, Reuters reported. The PBOC also ...
China has made steady progress in improving business regulations for local entrepreneurs in East Asia and the Pacific since 2005, a report released by World Bank Group said on Tuesday. Doing Business 2014, the 11th in a series of annual ...
European non-performing loans (NPLs) held by banks have increased to €1.2 trillion (up by nearly € 100 billion in 12 months) driven mainly by reported increases in Italy, Greece, Spain and Ireland, says PwC in its latest market ...
Tags: Non-Performing Loans, Service
Maple Leaf Foods, a Canada-based meats and baked goods producer, has launched an auction for its bakery business, which includes 90%-owned Canada Bread. Canada Bread is a manufacturer bread, rolls, bagels and sweet goods, specialty pasta ...
Tags: Agriculture, Food, Bread