DFS has secured a new £230m funding package from a banking syndicate led by Lloyds Bank Commercial Banking following its recent stock market listing. The funding includes a £200m term loan that will be used to repay existing ...
Columbia Sportswear Company's board of directors voted to expand the board to 11 members from 10 previously and elected banker Malia H. Wasson to serve in the newly-created position, effective March 19, 2015. The board also nominated ...
Tags: Columbia, shareholders, Sporting Goods
With Chinese currency the yuan, also known as the renminbi, enjoying rising acceptance, banks and enterprises in the Gulf Arab region are seeking ways to catalyze the growing demand for conducting trade with the currency. "By the end of ...
As China's financial environment has deteriorated, the performance of its financial leasing industry has been mixed. Financial leasing companies associated with banks have continued to receive adequate liquidity, especially because banks ...
Tags: Bank, Financial Leasing Industry
Peer-to-peer lending, websites that allow individuals to borrow money from other individuals without going through banking middlemen, is facing its first serious government regulation as defaults undermine confidence in the online systems. ...
Tencent Holdings Ltd, one of China's largest Internet firms based on market value, is working on a barrier-free technology standard that will allow its Internet-related products on mobile devices to benefit disabled people and the elderly, ...
Tags: Tencent, Lower Barriers
Chinese mainland stocks declined as the country's leader hints at an economic 11-year-low growth target. The benchmark Shanghai Composite Index fell by 0.95 percent or 31.06 points to 3,248.48 points on Thursday. The Shenzhen Component ...
Tags: Chinese stocks, Hang Seng Index
Egyptian private equity firm Qalaa Holdings is contemplating the sale of its fresh packaged milk producing firm Dina Farms. The potential sale is in line with Qalaa's plans to generate around $300m from exits in the medium term. The ...
Tags: Packaged Milk, Qalaa
Favourable government policies, low wages, shorter sea route and growing garment exports make Myanmar an attractive option for Indian textile entrepreneurs, says Rajesh Kumar Shah The garment sector in Myanmar has grown enormously since ...
Tags: garment exports, Textile
The Chinese currency has seen sharp volatility against the US dollar this week as a strengthening dollar stokes worries of the yuan's depreciation. The yuan continued to decline against the dollar on Wednesday with its spot exchange rate ...
Tags: China's New Yuan, Chinese currency
Pakistan’s ministry of textile industry has announced the long-awaited Textile Policy 2014-19, which sets annual exports target of US$ 26 billion by 2019. “The annual exports target of $26 billion by 2019 is ambitious but ...
Tags: Textile Policy, Textile
Although six years have passed since the global financial crisis broke out, many countries have not yet overcome its impact with the global economy is still facing uncertainties. And given the economic slowdown, albeit slight, in China, it ...
China is unlikely to "purposely weaken" its currency, the yuan, or renminbi (RMB), as it would go against the authorities' commitment to economic rebalancing and structural reforms, HSBC said on Monday. Even dismissing the economic ...
Tags: weaken currency, RMB
China's top smartphone companies challenged Samsung and Apple with surging sales and revenue in 2014, vowing to scramble for a larger share in a global turf war with the top two makers. As one of the major competitors, telecom behemoth ...
Tags: Smartphone, Samsung, Apple
Japanese barcode printing, labelling, and RFID solution major SATO took a majority stake in Russia-based label manufacturer Okil-Holding, JSC, a move which will strengthen its position in the BRIC region. Acquiring approximately 75% of ...