Swiss food company Nestle is planning to acquire the remaining stake of 36.3% in Israel-based food manufacturer Osem for $840m. Nestle had originally invested in Osem around two decades ago, when it had taken 63.7% stake in the company, ...
The nation's biggest breakfast cereal brand Weetabix is kicking off the New Year with a flying start, after taking first place in the cereal category at this year's Product of the Year awards; for new product Weetabix Protein Crunch. ...
China will create more schemes offering Renminbi (RMB) convertibility in free trade zones in 2016, an official with the State Administration of Foreign Exchange (SAFE) has said. Guo Song said authorities will make the moves, designed to ...
Tags: Capital Market, SDR basket
Indian food regulatory authority, Food Safety and Standards Authority of India, is likely to do away with approvals for food products if the ingredients used in them have received clearance before itself and are declared safe. This ...
Archer Daniels Midland Company (ADM) has entered into an agreement to acquire a controlling interest in gluten-free ingredients provider Harvest Innovations. ADM's WILD Flavors and Specialty Ingredients business unit president Vince ...
Tags: ADM, ingredient needs
Design and packaging firm Graphic Packaging International has agreed to acquire 100% of Australian folding carton supplier Colorpak. Under the agreed terms, Graphic Packaging would pay $0.68 per share inclusive of a fully franked dividend ...
Tags: Graphic Packaging, Folding Carton
China will set up more cross-border e-commerce pilot zones, the State Council announced Wednesday. The zones will attract businesses, help create jobs and nurture new business models to boost foreign trade and stimulate the economy, ...
A company was sued and will give two million yuan (308,000 U.S. dollars) in compensation for dumping contaminated water, announced by Dalian People's Procuratorate in northeast China's Liaoning Province on Tuesday. China-Japan joint ...
Philippine President Benigno S. Aquino III has approved the country's participation in the China-initiated Asian Infrastructure Investment Bank (AIIB), senior government officials said Wednesday. Presidential Communications Operations ...
Tags: AIIB
Germany's biggest lender, Deutsche Bank, has agreed to sell its nearly 20-percent stake in Chinese bank Hua Xia for around 3.3 billion U.S. dollars to PICC Property and Casualty Company. The sale still has to be given the ...
Tags: Deutsche Bank, Hua Xia Stake
Myanmar authorities announced Wednesday that a consortium of six foreign group companies, led by China's CITIC, has won the bid for implementing two projects of the country's newly planned special economic zone (SEZ) in Kyaukphyu, western ...
Tags: Six-Company, Implementing SEZ
China's new counter-terrorism law has made it legal for the People's Liberation Army (PLA) to participate in counterterror missions overseas. The PLA and the country's armed police forces may carry out such operations with the approval ...
The China-proposed Asian Infrastructure Investment Bank (AIIB) was formally established Friday. Expectations are high for the new global multilateral financial institution, which will operate in an open, fair and efficient manner, AIIB's ...
The China-initiated Asian Infrastructure Investment Bank (AIIB), a complement to existing international financial system, was formally established Friday in Beijing and expected to start operation early next year. "The AIIB is legally ...
Tags: AIIB
Chinese lawmakers on Sunday approved a State Council proposal for stock listing reform at the end of a bimonthly legislative session which began Monday in Beijing. The decision by the National People's Congress Standing Committee will ...
Tags: Stock Listing, Registration-based