The EU's long-term lending arm,the European Investment Bank(EIB),has granted€50 million($65 million)to support a new 120 MW hydropower plant and long-distance transmission line in Zambia,with the aim of supplying power to southern ...
Tags: supplying power to southern Africa, EU's long-term lending arm, Zambia
THE Australian sharemarket hit a fresh 17-month high today as US lawmakers inched closer to a deal on the fiscal cliff problem. Utilities, energy, industrials, telecommunications, materials and financial stocks mostly rose despite some ...
Tags: Investor Sentiment, fiscal, cliff problem
Mobile payments with Google Wallet are growing fast, but the road to wide acceptance of NFC in the U.S. will be slow, the head of Google’s payments unit said Friday. The number of NFC (near-field communication) transactions with ...
Tags: Google, Google Wallet, mobile, mobile payments, osama bedier
With Intel unveiling a tablet processor this week, analysts say the chip maker may be on track to becoming less dependent on the struggling PC market. Intel on Thursday took the wraps off a new processor code-named Clover Trail. The Atom ...
Tags: PC market, tablet chip, Intel
Middle Eastern petrochemical producers will continue to enjoy considerable cost advantage compared with their counterparts in Southeast Asia even as a scarcity of gas forces them to shift to other feedstocks, Jaap Kalkman, a partner at ...
Tags: ME petchem, petrochemical, gas prices
The US conglomerate Illinois Tool Works is set to sell a 51% stake in its Decorative Surfaces division to the private equity firm Clayton, Dubilier & Rice (CD&R). ITW and CD&R announced that an agreement to this effect had been signed on 16 ...
Handsome in South Manchester, UK, has received £250,000 from The North West Fund for Biomedical, managed by SPARK Impact. Handsome will use the capital to complete product development and clinical trial studies as well as achieve ...
Tags: spinal pain, Biomedical, clinical trial studies, healthcare
An increase in the share price of software firm Sage this week has led to further speculation that the company is an imminent takeover target. Rumours about the likes of IBM and Microsoft circling the firm were rife all summer. ...
Investment bank Investec sees social media as part of the insider threat to information security, but has implemented policies and technologies to make it work. “Staff members are probably one of the biggest threats,” David ...
A US 'activist' investor who has stamped his authority on Heinz, Cadbury and Kraft has taken a euro242M (€300M) stake in Danone, vowing to improve its profitability. Nelson Peltz, the head of Trian Partners, said the maker of ...
The facility, initially planned for an amount of Euro 1 billion, was significantly oversubscribed with bank commitments reaching in excess of Euro 2.2 billion. This enabled Saint-Gobain to increase the size of the facility to Euro 1.5 ...
Tags: credit facility, construction markets, building materials
Premier Foods plc has refused to be drawn on reports it has hired Goldman Sachs to talk to potential suitors for its bread business. Sky News and The Times reported the UK food maker had asked the investment bank to sound out whether ...
Tags: Premier Foods plc, Goldman Sachs, bread business, food industry
The Renault-Nissan partnership is expected to sign $750m deal with Russia based OAO AVTOVAZ by next week, which would give 67.13% ownership of the company which manufactures Lada. Under the deal, Renault-Nissan would buy the stake held by ...
Tags: partnership, growing Russian car market, optimistic growth
The Chinese government's latest move to combat tax evasion by imposing a consumption tax on MTBE and aromatics is likely to raise gasoline blending costs and make imports of finished gasoline relatively more cost-effective, industry sources ...
Tags: Tax on MTBE, Gasoline, aromatics
US based diversified conglomerate Berkshire Hathaway has agreed to acquire Spain based Caixabank's life insurance operation, VidaCaixa, in a deal valued at EUR600m. The seller will get EUR524m pretax gain following the completion of ...
Tags: Berkshire Hathaway, acquire, life insurance, Spain, insurance operations