China Steel Corp. (CSC) announced to joint-venture with South Africa's Assmang Ltd. and Japan's Sumitomo Corp. to build up a new alloy plant in Malaysia. The total investment costs about $320 million, which Assmang owns a 54.36 percent ...
Tags: Steel, Construction, Metallurgy, Mineral, Energy
The UK government is to allow Chinese nuclear companies to take stakes in new reactors to be built in the UK, finance minister George Osborne said Thursday on a visit to the Taishan nuclear power site in southern China. Reporting on ...
Tags: Nuclear, Metallurgy, Mineral, Energy
In the three months ended 30 September 2013 Diageo delivered 3.1% organic net sales growth with volume up 0.6%. Reported net sales were flat for the quarter mainly reflecting the termination of the distribution agreement for Jose Cuervo. ...
Tags: Management Statement, Food
Idemitsu Kosan would soon restart its olefins conversion unit (OCU) at its Chiba refinery, which was shutdown due to a fire incident earlier this week. “The fire occurred at the refinery on the morning of October 16, 2013,” ...
Nokia Solutions and Networks (NSN) has nailed down its Chinese name as Nokia Networks Investment (China). In June 2006, Nokia and Siemens jointly declared a merger of their telecom equipment service to form Nokia Siemens Networks. On July ...
Tags: Nokia, Consumer Electronics
The name of "Jinling Bank Co., Ltd.", co-sponsored by Sanpower Group and Yurun gained pre-approval from the State Administration for Industry and Commerce, marking private capital takes a step forward to enter the banking. This July 5, ...
Tags: Bank, Jinling Bank
Spain-based insurance firm Mapfre has purchased a 20% percent stake in Indonesia’s Asuransi Bina Dana Arta ( ABDA), for an undisclosed sum. Besides acquiring the minority stake in ABDA, Mapfre has formed a partnership to provide the ...
Russia-based MMK Group has acquired an additional 12.77 percent of shares in Belon in an off-market transaction. Following the deal, MMK Group now holds a stake of over 95 percent in the coal company. This transaction enables MMK Group to ...
Tags: Metallurgy, Mineral, coal
China-based concentrating photovoltaic (CPV) module maker Suncore Photovoltaic Technology Co Ltd, which is owned by Xiamen-based San'an Optoelectronics Co Ltd (the largest LED maker in China), has acquired the assets of Israel-based ...
Tags: CPV, Electrical, Electronics
As the market for LEDs used in backlighting is approaching saturation, lighting applications are expected to rise to 50% of the global LED production value in 2014, according to chairman Frank Chien for LED epitaxial wafer and chip maker ...
Tags: LED Production, backlighting
PSA Peugeot Citroen is preparing a three billion euro ($4.3 billion) capital increase that would give Chinese firm Dongfeng Motor Corp and the French government matching stakes in the ailing car maker. French Government officials are in ...
Virtualisation giant VMware's push into the networking space may have strained its relationship with partner Cisco - which specialises in the area - but VMware believes that it will patch things up with the San Jose, California-based firm. ...
Tags: Computer Products, software
Work on construction of a US$ 4.5 billion petrochemical complex in Vietnam, a joint venture of Qatar Petroleum International (QPI) and Thailand-based Siam Cement Group (SCG) and its Vietnamese partners - PetroVietnam (PVN) and Vinachem, is ...
Tags: Petrochem, Siam Cement Group
The United Kingdom has reiterated its openness to Chinese investment in the country's nuclear power industry, a senior British official has said. "Britain is the most open economy in the world, and that goes for our energy markets as ...
Tags: Nuclear Investment, Energy
South Africa's financial services group Sanlam Emerging Markets (SEM) in engaged in negotiations with Nico Holdings, to acquire 49% stake in the general insurance operations in Malawi, Tanzania, Uganda and Zambia. Financial terms of the ...
Tags: General Insurance