It was usually quiet Friday morning at the Baoshan Cement Co., Ltd. factory in east China's Jiangxi Province. The factory's production lines were shut down after it was put on a list of companies designated by the Ministry of Industry and ...
Telco and IT service provider, Amcom Telecommunications, has purchased data centre provider, aCure Technology for $14.3 million. aCure operates three data centres in the Perth metropolitan area, predominantly servicing corporate and ...
Tags: Computer Products, Telco, IT service
Suncorp Group has reported a net profit after tax of $491m for the full year 2013, a decrease of 32% compared to $724m last fiscal. The drop in profits is mainly due to $632m loss after tax from resolution of the Non-core Bank. Profit ...
Tags: Suncorp Group, Net Profit
Rare Consulting, a division of infrastructure consultancy pitt&sherry, is working with the NSW government's Roads and Maritime Services (RMS) agency to build an evidence bank demonstrating the performance of environmental technologies. ...
Tags: Green Truck, Service, logistics
Cabela’s Incorporated announced that Cabela’s Credit Card Master Note Trust successfully completed the sale of $350 million of Asset-Backed Notes, Series 2013-II. The securitization transaction included the issuance of $100 ...
While Germans can pay each other with Bitcoins, companies need permission from the authorities to use the virtual currency. The German Federal Ministry of Finance said on Monday that Bitcoin is not a full-fledged currency but that it is ...
Tags: Computer Products
Domestic gold futures still have room to grow following the recent commodities rally, which sent gold, copper and crude oil to multi-month highs last week. The most traded gold contract on the Shanghai Futures Exchange (SHFE) rose 1.45 ...
Rhodium prices continued to rise this week on buying by investment banks on behalf of industrial consumers and improved market sentiment. The Platts New York Dealer rhodium price range on Friday rose to $975-1,015/oz from $950-995/oz last ...
Tags: Rhodium, Metallurgy, Mineral, Energy
Oil prices went up Thursday as unrest in Egypt bolstered concerns that oil supplies from Middle East may be disrupted. The Middle East accounted for 35 percent of global oil output, according to the International Energy Agency. Egypt ...
Tags: Oil, Metallurgy, Mineral, Energy
Lloyds Banking Group, a 40% government-owned UK lender, is mulling to divest its German insurance business Heidelberger Leben to Frankfurt-listed insurer Hannover Re, in a transaction valued at approximately €400m ($533m). As part of ...
Tags: Lloyds Banking, Insurance
Bank of Beijing (SHSE: 601169), a city-level commercial lender in the Chinese mainland, is brought under the limelight owning to a president personnel change. It said in a statement recently that Yan Xiaoyan, the former president of ...
Tags: Beijing Bank, economy
The weighted average interest rate of the inter-bank lending market was 3.54% this July, down 3.04 percentage points over a month earlier and up .76 percentage points over the same period of the previous year. The weighted average ...
Tags: bank, economy, inter-bank lending
As the BlackBerry brand slowly dies, considerations are being made about what do do with its assets, including more than 5,000 US patents built up over a decade of innovation in the mobile marketplace, and more than 3,700 wireless ...
Tags: Blackberry, smartphone, Computer Products
The Federal Reserve Bank of St. Louis and McCarthy Building Cos. might soon reach a negotiated settlement in their dispute over the allegedly defective windows the building contractor had installed five years ago. The Federal Reserve Bank ...
Tags: McCarthy Building
Prudential Insurance Company of America (PICA) and Bank Simpanan Nasional (BSN) have agreed to acquire 100% of Uni.Asia Life Assurance’s (UAL) issued and paid-up ordinary share capital, to boost their insurance operation in Malaysia. ...
Tags: Life Assurance