Chinese yuan or renminbi (RMB) has been included into the basket of special drawing right (SDR) of the International Monetary Fund (IMF) since Oct 1, marking a milestone in the internationalization of the RMB. Here are seven things you need ...
Tags: SDR Inclusion, RMB
The biggest weekly slump in the global gold price led Beijing's gold stores to cut their prices for the first time this year. The price in Beijing declined by 10 yuan ($1.5) per gram on Sunday. This was the first cut, following six earlier ...
Tags: Gold, Gold Prices
Cargill reported financial results for the fiscal 2017 first quarter ended 31 August, 2016. Key measures include: Adjusted operating earnings rose 35 percent to $827 million in the first quarter, compared with $611 million in the ...
Tags: Cargill, fiscal results
Stone Canyon Industries has sold SCI Ingredients and its wholly owned operating subsidiary, Fleischmann's Vinegar Company to Green Plains for $250m. Fleishmann’s Vinegar is being regarded as one of the largest producer of food-grade ...
Southern California based SM Ingredients has developed a new proprietary soluble fiber named as Logifiber, aiming to diversify its ingredient portfolio. The company claimed that Logifiber can potentially change the landscape of the ...
Tags: SM Ingredients, Logifiber, new proprietary soluble fiber
Global food processing company Archer Daniels Midland Company (ADM) has acquired the assets of Illinois based Caterina Foods for an undisclosed sum. Based in Lake Bluff in the US state of Illinois, Caterina Foods is a toll manufacturer of ...
Tags: ADM, Caterina Foods, acquisition
SM Ingredients (SMI), a distributor and marketer to the food, nutrition, animal, and beverage industries, has announced its new global mission and robust corporate identity. The company plans to unveil its new mantra and branding elements ...
Tags: SMI, SSW, corporate identity
Ausnutria Dairy has formed a joint venture with New Zealand based Westland to produce and sell dairy based powder products, including infant milk powder. Through the joint venture named Pure Nutrition, the companies will set up a new ...
Tags: Ausnutria Dairy, Westland, dairy based powder products
Hormel Foods has announced several new leadership appointments across business segments. James M. Splinter has been appointed to the position of group vice president, corporate strategy. In this new role, Splinter will have responsibility ...
Tags: Hormel Foods, appointment, new leader
Global food commodities trader Bunge’s subsidiary Agribusiness Singapore has entered into an agreements with Oleo-Fats to distribute its products for the foodservice, retail and food processor industries in the Asia-Pacific region. ...
Tags: Bunge, Agribusiness Singapore, Oleo-Fats
The firm has reshuffled its top execs as it welcomes Jonathan Baker to the role of vice president of consumer products. NBC Universal Brand Development has named Jonathan Baker as its new vice president, EMEA NBC Universla consumer ...
Tags: NBC Universal, Hannah Mungo, eOne
China General Nuclear Power Corp has said it is confident that the Chinese-made Hualong One reactor will pass Britain's strict approval process in five years. The technology, also known as HPR1000, will be submitted to the UK Office for ...
Tags: Nuclear
In at number 39, it marks the first time the show has been ranked within the top 40. US Toy Fair has come in at number 39 in Trade Show Executive magazine’s Gold 100 List of North America's largest and most-accomplished trade shows ...
Tags: US Toy Fair
‘We are enthusiastic to join the KidKraft team because they understand our business, and we share the same passion for traditional and imaginative play,’ says Solowave’s Robert Bartucci. KidKraft is expanding into the ...
Tags: KidKraft, acquisition, Solowave Design
The ceremony, developed to honour the top female leaders, executives, entrepreneurs and other changemakers, will be held at the Women in Toys 2017 Gala on Sunday, February 19th next year. Nominations are now open for Women in Toys, ...