The South African Revenue Service (SARS) recognises the significant role the clothing, textile, leather and footwear sectors play in the South African economy. SARS considers these as strategic economic sectors that require significant ...
Tags: Textile Sector, Textile
Major Chinese industrial firms saw their combined profits rise 11.6 percent year on year in July, quickening from the 6.3-percent rate seen in June that points to further evidence of a firming economy, official data showed on Tuesday. The ...
Furi Electronics will be holding a shareholders’ meeting on Sept. 2 to decide on the company’s private investments to acquire 92.8% of MR LED Photoelectricity Co. stock shares. “If all goes well, the MR ...
Iridium and ruthenium prices drifted lower this week on lack of industrial interest and excess supply among traders and consumers. The Platts New York Dealer price range for iridium fell to $725-800/oz this week from $775-850/oz last ...
Biotechnology company Amgen has reached a deal to buy all outstanding shares of California-based Onyx Pharmaceuticals for $125 per share in cash. The purchase price of the transaction that is expected to be closed by the beginning of ...
Tags: Amgen, Onyx Pharmaceuticals
Netherlands-based financial conglomerate ING has inked an agreement with Seoul-based private equity firm MBK Partners, to divest its South Korean insurance business, in a transaction valued at nearly KRW1.84trn (€1.24bn). Following ...
Tags: Insurance, MBK Partners
India-based private cReliance Life is looking to ink a bancassurance pact to distribute its array of insurance products and services in the country as well as offer a minority 5%stake in the company. The underwriter is seeking a suitable ...
Tags: Reliance Life
President Xi Jinping's visit to a recycling company Monday drew renewed attention to environmentally friendly industries. Xi said recycling is a sunrise industry and that garbage is a misplaced resource, during his visit Monday to a ...
Walmart will convene approximately 1,500 people, including representatives from more than 500 supplier companies, 32 states, major retail industry leaders and other retailers, at its U.S. Manufacturing Summit. According to a press release, ...
Tags: Walmart, Manufacturing, Processing Machinery
For centuries, trading with raw material has been an integral part of economic life. Stock exchanges started everywhere and eventually developed into the stock exchanges that exist today, dealing with shares, too. The first stock exchange ...
Tags: Raw Material, Textile
Lloyds Banking Group is looking for 30 IT apprentices to take up specialist roles that it says cannot be filled by graduates. The group, which is the parent company of high street bank Lloyds TSB, is looking for school leavers with a ...
Tags: Transportation, truck
Canada-based Sun Life Financial has forayed into the Malaysian insurance market with the launch of a new joint venture between Khazanah Nasional and CIMB Group Holdings to offer services in the country. Sun Life Malaysia Assurance and Sun ...
Tags: Sun Life, Insurance Market
According to the annual BMO Back to School Survey released, retailers should expect to see a boost from back-to-school shopping this year as Canadians plan to spend more on school materials compared to last year. According to the survey, ...
Tags: School Shopping, economy, Apparel
Financial software expert Lev Lesokhin, who works for analysis and measurement software provider CAST Software, believes that stock exchanges are playing Russian roulette with their trading systems. "We're loading up a bunch of bullets or ...
Tags: Computer Products, software
Production of BlackBerry smartphone devices has been cut in half after the company's CEO, Thorsten Heins, effectively put the company up for sale. Heins, who under his contract of employment stands to earn more than $50m if the company is ...