Ahead of today's 5pm deadline, Steinhoff backed out of making a bid for Home Retail Group at the last minute, leaving Sainsbury's the likely purchaser or the Argos business. Sainsbury's share prices rose sharply, while Home Retail Group's ...
Tags: Sainsbury's, Withdraw, CITY AM, Home Retail Group
The plan to launch China's first crude oil futures contract is facing more roadblocks as the Shanghai International Energy Exchange, or INE, comes under government review, a senior official close to the matter said Monday. "The target ...
Tags: Crude Futures, Crude Oil
Australian prime minister Malcolm Turnbull has today announced that the ‘effects test’ will be introduced into the Australian Competition and Consumer Act. Introducing the test will change Section 46 of the Competition and ...
Tags: PM, Effect test, ACCC, Consumer Act
The US Senate has stalled a bill which would have eliminated state by state laws requiring food manufacturers to label products made with genetically modified organisms (GMOs), ahead of Vermont’s law coming into effect from July. ...
Tags: US Senate, GMO, Food manufactures, Label products
Scandal-hit Volkswagen has got another jolt, as nearly 300 of its institutional investors have filed a multi-billion dollar lawsuit against the global automobile major. The law firm representing the investors said that the carmaker has ...
Tags: Volkswagen, Tilp, Investors
Everything you need to know about the OnePlus 3 Can’t wait to get a hold of the OnePlus 3? Here’s everything we know about the OnePlus 3, including the OnePlus 3 release date, specs, features, and price. Since its 2014 ...
Tags: OnePlus 3, Smartphones
UK retail footfall in February was 1.1% down on a year ago – lower than the 1.2% rise seen in January and the three-month average rate of -0.8% – according to the latest BRC/Springboard Footfall and Vacancies Monitor. ...
Tags: BRC, Retail football, Goverment support
The European Union (EU) is to set aside the equivalent of approximately AUD$365 million annually to promote healthy eating to school children. Meanwhile, Australian governments are lagging behind. Approved last Tuesday 8 March 2016, ...
Tags: EU, School children, Milk
The German carmaker announced that its all new A4 allroad quattro can be ordered, starting at €44,750. The new Audi A4 allroad quattro with 34 mm (1.3 in) more ground clearance compared with the A4 Avant, powerful engines and quattro ...
An Asian collector snapped up three seated Buddha statues from China's Ming Dynasty at a French auction on Saturday with more than 6.29 million euros(nearly $7 million), breaking the auction record of its kind. The Buddhas are seated ...
Tags: Buddha Statues, French auction
EnergyTrend, a division of TrendForce, reports that the global PV market is seeing slowing demand after the Chinese New Year holidays. Peak installation seasons in the U.S. and Japan have passed, and the demand related to China’s ...
In February, Brazil recorded corn exports of 5.37 million tons. According to data from the Ministry of Development, Industry and Foreign Trade, this is almost five times higher than exports for February 2015, which stood at 1.10 million ...
Tags: Corn Export, Corn
Energized by demand from hybrid and electric vehicles, power supplies and photovoltaic (PV) inverters, the emerging global market for silicon carbide (SiC) and gallium nitride (GaN) power semiconductors will rise from just $210m in 2015 to ...
Tags: Semiconductor Market, GaN, SiC
Murray Goulburn says it is feeling the impact of a troubled dairy industry, revealing a slump in net profit to shareholders. The dairy company, which owns the Devondale brand, announced a net profit of only AUD$10 million for the six ...
Tags: low milk prices, Murray Goulburn
The latest report from LEDinside, a division of TrendForce, finds that the global average price of 40W-equivalent (equiv.) LED light bulbs arrived at US$10.2 in February, down 0.6% from the prior month. The global average price of ...
Tags: Gradual Upticks, LED Bulb