Singapore-based drinks and property group Fraser & Neave (F&N) has announced that all of its board members, including chairman Lee Hsien Yang, will resign next week, which will allow its largest shareholder Charoen Sirivadhanabhakdi to ...
Tags: drinks, board members, Fraser&Neave
Energy management, a critical aspect of home monitoring and control, will be huge for the connected home technology market and a great opportunity for involved individuals and organizations to learn more is by attending the Smart Energy ...
Tags: Energy management, home monitoring, connected home technology
The U.S. Department of Justice and the Department of Homeland Security have asked for more time to consider Softbank's proposed takeover of Sprint Nextel, a move that may signal a rough road ahead for the US$20 billion deal. In a letter ...
Tags: Softbank, Sprint Nextel, Federal Communications Commission
Canadian retailer Metro Inc has reported an increase in first-quarter profits as higher sales boosted margins. Metro booked a 17.1% rise in net earnings to C$121.4m (US$121.1m) for the quarter to 22 December. Excluding profits from a ...
Tags: food inflation, food industry, profits
UK-based Diageo will purchase 50% stake in a joint venture (JV), which owns United National Breweries' (UNB) traditional sorghum beer business in South Africa, for $36m. The remaining 50% will be owned by a company affiliated to Vijay ...
Tags: Diageo, joint venture, UNB, South Africa
Swedish auto manufacturer Volvo Group has signed an agreement with Hubei Province-based state-owned Chinese auto company Dongfeng Motor Corporation (DFG) to acquire a 45 percent stake in DFG’s new subsidiary Dongfeng Commercial ...
Tags: Volvo Group, Dongfeng Motor Corporation, commercial vehicles
The Australian sharemarket has closed higher, with investors encouraged by the recent strength of global markets. At 4.15pm AEDT, the benchmark S&P/ASX 200 index had risen 53.8 points, or 1.11 per cent, to 4889.0 points - its highest ...
PVI Sun Life Insurance has received regulatory approval from both Vietnam and Canada regulators to operate its life insurance business in Vietnam. Set up as a joint venture (JV) between PVI with 51% stake and Sun Life Assurance Company of ...
Australia-listed Indus Coal said Friday that it has purchased stakes in two companies -- Batanghari Energi Prima and Berlian Mahkota Coal -- which own three coal projects in Indonesia's Jambi province. In a filing with the Australian ...
Tags: Indus Coal, coal projects, coal
Gansu Province-based Chinese steelmaker Hongxing Iron and Steel Co., a subsidiary of Gansu-based Jiuquan Iron and Steel Group (JISCO), has announced that it has raised funds worth RMB 8.058 billion ($1.28 billion) by issuing 2.172 billion ...
Tags: Jisco Hongxing Steel, Mineral, steelmaker
The Senate Armed Services Committee plans to investigate what happened with a massive, failed U.S. Air Force ERP (enterprise resource planning) project, amid a rising tide of calls for action on Capitol Hill to reduce wasteful IT spending. ...
Tags: Senate Armed Services Committee, ERP project, IT spending
Coca-Cola FEMSA has finalized the acquisition of 51% of Coca-Cola Bottlers Philippines (CCBPI) from the Coca-Cola Company for $689m. According to Coca-Cola FEMSA, the franchise bottler of Coca-Cola, purchase price represents an aggregate ...
Tags: franchise bottler, Coca Cola, bottler
Global insurance broker Aon is planning to shut down its subsidiary in Zimbabwe, which provides insurance broking and employee benefit services in the country. An undisclosed source from Aon Zimbabwe was quoted by ZimEye as saying, "Aon ...
South African coal exploration and development firm Ikwezi Mining said Wednesday it had signed an off-take agreement with commodities trader Vitol for 3.96 million mt of steam coal over three years. Ikwezi, which is listed on the ...
US agribusiness giant Cargill has formed a joint venture with Saudia Arabian food producer Arasco for the creation of starches and sweeteners in the country. The joint venture company will acquire Arasco's existing corn milling facility ...
Tags: agribusiness giant, Cargill, joint venture