Major Chinese State-owned enterprises have launched the nation's largest private equity fund, worth 350 billion yuan ($52.5 billion), to finance SOE restructuring as part of China's efforts to advance supply-side reform. The money will be ...
Tags: Giant SOEs, nation fund
The People's Bank of China, the central bank, will change rules on how it calculates the loan-to-deposit ratios of banks from next year, a move that is expected to make available more funds for lending. The central bank will expand the ...
Tags: Deposit Calculation Rules, POB
Akzo Nobel N.V. reported a positive volume and price/mix development in all three Business Areas. First quarter revenues of €3,383 million were 2 percent lower compared with the same period last year. The decrease was mainly a ...
Tags: Construction, Decoration
Akzo Nobel recently reported a positive volume and price/mix development in all three Business Areas. First quarter revenues of €3,383 million were 2 percent lower compared with the same period last year. The decrease was mainly a ...
Tags: Construction, Decoration
The Australian dollar gained after China's central bank said it would lift controls on lending interest rates, allowing financial institutions to set them. At 6.30am AEST the local unit was trading at 91.83 US cents, up from 91.71 cents ...
Dutch dairy cooperative Royal FrieslandCampina has reported a 26.9% increase in its full year net earnings to €274m, compared to €216m in 2011, driven by a higher operating profit and lower financing costs. The cooperative ...
Tags: dairy cooperative, dairy, FrieslandCampina
Britain’s biggest food manufacturer Premier Foods could be forced to compromise its recovery plan by selling key power brands to boost its troubled balanced sheet, according to a leading City analyst. Not for sale: Premier’s ...
Michael Foods has booked an increase in first-half net profit as lower financing costs, improved margins and higher sales boosted the bottom line. The US egg packer said today (14 August) its net earnings for the six months to 30 June ...
Tags: Michael Foods, first-half net profit, lower financing costs
Marfrig has reported higher quarterly profits as the Brazilian meat processor increased its focus on value-added products and disposals and lower financing costs boosted its bottom line. Net income in the first quarter of 2012 rose ...
Tags: Marfrig, higher quarterly profits, lower financing costs
French vegetable processor Bonduelle has booked an increase in full-year earnings, with sales growth outside of Europe offsetting weakness on the continent while cost cutting initiatives and lower financing costs boosted the bottom line. ...
Tags: vegetable processor, net income, Bonduelle
Nova Scotia has passed a law that requires it convert all of its 120,000 roadway lights to LED lighting, which is expected to save $5 million a year upon completion. The Province of Nova Scotia, Canada has announced it is converting to all ...
Tags: LED Street Light
Sooner or later,Nova Scotia will become the first jurisdiction in North America to exclusively use LED roadway lighting. Energy Minister Charlie Parker finalized amendments to the Energy-Efficient Appliances Regulations,Sept.12,that ...
Tags: LED, Roadway Lighting, Nova Scotia, Energy-Efficient