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Latest Industry News

Food Trucks to Include Spam in Their Offerings
During the economic slowdown, Spam had been off the stores; however, when the economy has improved, canned and pre-cooked pork of Hormel Foods’ is hoping for some new and higher brow market. From 2009, the product has been playing a small part in the haute cuisine, since the LA eatery Animal;
Published Date: April 23
A Listed Australian Company Makes Effort to Penetrate the Chinese Candy Crush Market
One of the Australian listed resources company is planning to acquire a huge stake in one of the food groups in China which will bear exclusive rights for manufacturing and distributing the widely-known Candy Crush brand products across China. Resource Star (RSL) which is a mineral and a rare ear
Published Date: April 23
Americans Has a Huge Issue with Food Wasting Tendency
For an average American throwing away an amount of US$2,000 in a year is not a big issue and apparently one may not even be much aware of it. As per a research study conducted by the Natural Resources Defense Council (NRDC), in every year Americans throw away an amount of US$165 billion approximatel
Published Date: April 23
China to Open Up for Foreign Card Companies
China has formally announced its plans for opening up its market for clearing the transactions of domestic bank card. The move has been taken to allow foreign entities such as MasterCard Inc and Visa Inc get direct access to the lucrative market of China, worth US$6.84 trillion as per the estimates
Published Date: April 23
Europe is Expecting Deutsche Bank to Emerge as the Champion
Deutsche Bank has come across as the last most promising contender. At a time when all other investment banks in Europe, such as UBS, Barclays, and Credit Suisse are retreating to retail and private banking amid the discontent of investors and stringent regulatory norms, Deutsche Bank is doing the o
Published Date: April 23
Financial Service Council Took to Clean-up its Tainted Image in the Insurance Industry
As revealed by Sally Laone, the new boss of the Financial Services Council, the industry of life insurance is all set to meet the six week deadline laid down by the federal government to respond concerns pertaining to the troubled insurance sector in Australia, and will provide answers expected from
Published Date: April 23
Aramark President Addressed Issues Related to Food Served at Kauffman Stadium
Officials working with Aramark, which is one of the leading firms operating concessions at Arrowhead and Kauffman stadiums and other prominent sports venue across the United States met at the Kauffman Stadium on Tuesday. The officials came together to address concerns related to food safety and qual
Published Date: April 22
More than 1 million People in the UK Relied on Food Bank Last Year
In the last 12 months, more than one million people living in the United Kingdom, which had a significant number of low paid workers, were forced to resort to food banks. This has challenged the claims that dividends of Britain’s recovery are definitely not distributed equally. As per the l
Published Date: April 22
Regulatory Bodies in China Proposed Ban on Ads Promoting Infant Milk Formula
Regulatory bodies in China are slating plans to ban on advertisement for infant milk in a bid to counter the low incidence of breast feeding. The information was revealed by officials of Xinhua news agency. The news came as a nightmare turned true for firms who are keen to capitalize on the US$18 bi
Published Date: April 22
Volvo to Explore the US Automobiles Market
Volvo has plans of exporting vehicles to the U.S. soon. These vehicles will be manufactured in the southwest region of China. For the very first time, Chinese made passenger vehicles will be introduced into the American market. In 2010, Volvo was acquired by Geely Automobile. The principle rationale
Published Date: April 21
Volkswagen to Manufacture Minivans and Budget SUVs in China to Meet the Shifts in Demand Patterns
In order to keep pace with the demand shifts in the China market, Volkswagen is trying to weigh the chances of manufacturing budget minivans and SUVs. Volkswagen wants to ensure that its business in China in the current year does not prove to be sluggish and slow paced. China happens to be a major m
Published Date: April 21
Samsung SDI to Expand the Manufacturing Business of EV Batteries in China
On Monday, Samsung SDI stated that the company had showcased some of the high capacity and high end batteries meant for ecologically friendly cars in an auto/motor show that was held in China. The primary rationale of the company for taking such a step was that it is seeking a greater market presenc
Published Date: April 21
Healthcare Sector in China to Take to Widespread Cyber Consultations
A new project has been started in Shanghai, China, wherein patients will be receiving medical advice via the internet. This will be extended by regional medical specialists and experts, who are considered to be those who have the capacity to mitigating imbalances within the central healthcare system
Published Date: April 20
Phenytoin: An Effective Treatment for Multiple Sclerosis Patients Suffering From Acute Optic Neuritis
The National Hospital for Neurology and Neurosurgery, U.K. recently conducted a meeting wherein the main topic of discussion was a neurological drug that has the capacity to even treat multiple sclerosis which stems from associated eye related conditions and anomalies. Acute optic neuritis refers to
Published Date: April 20
Contego Medical Completes the US$5.6 Million Worth Financing Round of Series B
Contego Medical, which happens to the sole and the very first provider of Integrated Embolic Protection based filter technology for stent delivery catheters and angioplasty balloons has recently declared the end of the financing round worth US$5.6 million from the Hatteras Venture Partners. Hatteras
Published Date: April 20
Indian Consumer Goods Companies Showing Promising Progress
The Indian consumer goods sector has traditionally suffered from being located in a prime market for global giants. However, according to recent statistics, India’s consumer goods manufacturers may be on the threshold of shedding the pressures of multinational conglomerates and acquiring a maj
Published Date: April 20
Capri-Sun to Expand Operations Beyond Beijing
Capri-Sun one of the most prominent beverage companies in Beijing are looking forward to expand their operations in China. Recently, at an event they announced the partnership with Reignwood Group, to strengthen its sales and distribution networks.  Capri-Sun has been in China for quite a fe
Published Date: April 17
Escalating Demand for Health Drinks to Boost the Functional Beverages Market
When it comes to the most popular take-away or grab and go food, beverages always top the popularity chart. Among the different types of beverages available in the market, the demand for functional beverages is growing at a rapid pace owing to its overall nutritional benefits. In addition, functiona
Published Date: April 17
Sugar Sweetened Beverages Can Lower Stress
A recently conducted research revealed sugary beverages are likely to cut down your stress. Most often we feel guilty of having sweet drinks or snacks in between a stressful day at work. However, recently conducted researches claim that it is not such a big deal after all to treat ourselves with del
Published Date: April 17
Ratification for China's Foremost Hualong One Units
In year 2012, central coordinators from Beijing supervised CNNC and other huge nuclear operators and manufacturers. China General Nuclear (CGN) had to concenter their reactor programs. So, this was the reason that CGN's ACPR1000 and CNNC's ACP1000 were incorporated into one patterned design called a
Published Date: April 17
Metro Ceased Crenshaw Rail Line Building after Safety Infringement
The Metro ceased Crenshaw Rail Line Building after safety infringement and it was discontinued for a period of four days right after transportation leaders came across a series of safety infringement that inflated in severity as told by executives to The Times. The shutdown began Thursday and wor
Published Date: April 17
Economy of Singapore Takes to Cost Cutting Measures
Economic slowdown is making the economy of Singapore to come up with measures that will tackle any sort of industry slowdown. Most retailers have taken to cost cutting steps coupled with shorter operating hours. This has been done in order to reorganize manpower wherein the main focus would be on th
Published Date: April 17
Etsy’s Share Prices Increase While the Company Shows High Profitability
On Thursday, Etsy, an online retail portal for vintage and handmade goods made a public debut by floating shares at US$31 a share. The price of this share then increased to US$34 a share. This proved to be twice the share price that was declared on Wednesday wherein the price of one share was US$16.
Published Date: April 17
Surging Economic Activity of China in the U.S. Economy
The popularity of the Apple Watch in China and the U.S. shows that the importance of China is increasing in the global retail industry. In fact, the performance of the China retail economy is at par with several leading American retailers. This was declared by Tompkins International, which is a cons
Published Date: April 17
Manufacturing Sales Tax Omittance Directed at Economic Growth
In Chipley, the United States Governor Rick Scott asked the legislature to announce an exemption on the manufacturing sales tax, suggested in his 2015-16 account which is a perpetual measure to provide Florida businesses a legitimate convenience for growth. The vice president of business developm
Published Date: April 16
Networked recreation to Boost Manufacturing by U.S.
As economists discuss on the prospects for the future momentum of innovation, a research by the famous pioneers John Walsh, Ashish Arora and Wes Cohen got published by the renowned National Bureau of Economic Research which helped in buttressing the case of the positive people in a direct or indirec
Published Date: April 16
Chinese Auto Manufacturers Benefit from the Nuclear Sanctions in Iran
Chinese auto manufacturers seem to benefit from the gap created by the absence of European car manufactures in Iran. Iran dominates the Middle-East’s car market with the highest demand. Chinese auto manufacturers such as Chery Automobiles Co., Jianghuai, and Lifan Industry Group Co. have capit
Published Date: April 16
Reliance Industries Speculating 5% Rise for Refining Margins
Reliance Industries Limited (RIL), the oil and gas company conglomerate is anticipating a 5% surge in profit margins for the gross refining margins (GRM) in the fourth quarter of the last financial year. This is speculated for the company to post its highest ever profits for the refinery division.
Published Date: April 16
Novel Bio-based Plastics to be developed by Researchers
Researchers at Washington State University have developed ways to use olive oil and linseed oil both plant based to develop polyurethane. The plastic material is used for tires, hoses, foam insulation panels, and sealants. Polyurethane is known to be extremely tough, and resistant to corrosion an
Published Date: April 16
China Demand to Draw Copper Prices
There is widespread speculation for copper prices. As per analysts at the World Copper Conference recently, the majority had the view copper prices to drop its five-year low whereas the remaining opine worst for copper prices is over.  Societe Generale and Goldman Sachs Group opined copper p
Published Date: April 16
Johnson and Johnson’s Growing Pharmacy Business a Concern for the Group
The first quarter of the Johnson and Johnson company earnings was unexpectedly good in spite of the rising dollar value. From a reliable company source, the first quarter is reported to be EPS US$ 1.56 which was US$ 1.54 in the same quarter last year. And for the same period the revenue has dropped
Published Date: April 15
Parisian Cosmetic Giant L’Oreal Introduces Grape Seeds Night Mask
The Parisian cosmetic giant L’Oreal has introduced an innovative jelly that has the texture to wrap the skin like a sleeping mask for all night replenishment while in sleep. The product has been launched keeping in mind the water loss that happens four times while sleeping than during the day.
Published Date: April 15
LVMH to Restrict Unethical Selling in China Market
The luxury goods maker from Europe, LVMH is experiencing repeated blow from the China market. The maker of the luxury brand Louis Vuitton confirmed after its first quarter conference call to crackdown on people that do bulk buying in European markets to sell at lesser prices in China, in the grey ma
Published Date: April 15
Dubai Tops Hotel Room Construction in MEA Region: STR Global
Even despite room rates coming under severe pressure, Dubai reportedly has the highest number of rooms under construction in the region of Middle East and Africa. According to STR Global, a consultancy firm for the hotel industry, Dubai presented the highest number of under construction rooms wit
Published Date: April 15
Pipeline Report shows 13.7% Rise in US Hotel Construction for March 2015
There are an astonishing 3,566 projects in the United States, which totals to 433,589 rooms Under Contract, states the March 2015 STR Pipeline Report. This translates into a 13.7 per cent rise in the number of Under Contract rooms when compared with figures during the same month last year. This also
Published Date: April 15
Half of Asian Hotel Development is in China
There are a total of 2,384 hotels Under Contract in the region of Asia Pacific, totalling to 545,056 rooms Under Contract, states the Global Construction Pipeline Report by STR for the month of March 2015. This means that there has been a 6.2 per cent year over year rise in rooms Under Contract last
Published Date: April 15
Electronics Industry Citizenship Coalition takes Strong Stance against Forced Labor
The electronics industry is currently in the midst of a global boom, with sales projected to hold an upward trajectory, particularly in the rising economies of Asia Pacific. This is creating job opportunities all over the world, but it is also giving rise to a black mark on the supply chain ethics o
Published Date: April 14
China Based Car Manufacturer to Become a Top Ranking Investor in U.S. Real Estate
The Wanxiang Group, which happens to be one of the largest manufacturers of auto parts in China has recently declared that it plans on investing heavily in the real estate sector of the U.S. the company has taken this step in the face of economic recovery and expects that it will generate favorable
Published Date: April 14
Qoros Automotive Co. to Compete with Leading Car Brands
Phil Murtaugh, a former senior official of General Motors has vowed to improve the market performance of Qoros Automotive Co., a startup car manufacturer. Murtaugh was appointed in February as the Chief executive officer at Qoros. His main aim is to increase the total number of dealers by almost 50%
Published Date: April 14
European Automakers Protest Against the Recently Implemented Legislations Discouraging the use of Diesel
Several European automakers are seeking clarity on the rules and legislations that have had an impact on diesel usage. These legislations and standards were imposed by a few governments that discourage the purchase of cars that run on diesel in order to manage the problem of pollution. A senior offi
Published Date: April 14
China to Surpass the U.S. as the Leading Cause of Global Warming
China is surpassing the United States in terms of economy and has already surpassed the U.S. in many sectors. However, soon China will surpass the U.S. also in terms of global warming. In the coming two years, China will become the leading cause contributing to the modern global warming. This can be
Published Date: April 14
RE Investment in Australia Comes to a Halt
Australia’s new large scale industry of renewable energy has recently reached an investment freeze, and only one project was able to secure any finance in duration of the past six months in between political uncertainty, according to the New Energy Finance, Bloomberg. This lone project was
Published Date: April 14
Vancouver to run on 100% Renewables
Last week, officials in Vancouver announced that they are planning to make Vancouver a 100% dependent city on renewable energy. They will be putting the city one step closer to becoming a world leader in the field of green technology. This announcement was done at the ICLEI World Congress for the
Published Date: April 14
China’s Crude Oil Imports Rose by 14% in March
China's imports has raise by 14 % in the month of March from the previous year, as per the customs data that was put forward on Monday. This rise was due to the domestic oil production that has remained flat and the demand for refined fuel products stood at near-record levels in couple of months.
Published Date: April 13
A New Technique Developed for Prostate Cancer Treatment
A team of researchers and scientists at the York University have recently discovered newer options for treating patients who have been diagnosed with the initial stages of prostate cancer. In view of this the team has discovered plasmas that are of low temperature. For a rather long time now, scient
Published Date: April 13
Alteplase can Prove to be Effective in Treating Patients with Ischemic Strokes, say Researchers
Scientists at the University of Edinburgh, the UK have discovered a certain drug called Alteplase that can be used in patients suffering from ischemic strokes. This drug is a clot busting one that is at present only being administered to those patients within time duration of three hours of having s
Published Date: April 13
Researchers Examine what Makes Breast Cancer Immune to Drugs
Researchers and scientists are trying to evaluate the ways in which the HER2 positive cancer of the breast becomes resistant and immune to treatment. They have understood how this type of resistance develops. But on the positive side, they have also come with a way to prevent this sort of a resistan
Published Date: April 13
Baby Care Consumers Still Waiting for Price Benefits due to Petroleum Price Cuts
Consumer goods such as diapers and baby care products became a bit more dear in the middle of the 2008-09 global economic recession, due to the increase in energy costs, particularly crude oil and it several petroleum derivates. Petroleum products are extensively used in numerous baby care products,
Published Date: April 13
China Pushes Government to Improve Rule of Law
The government on Thursday said that China’s decision to improve the rule of law and other legal reforms which will be exhaustive and lengthy; however, the ruling Communist Party at the other end of the day should remain in charge of the whole legal system. The ruling party held an important f
Published Date: April 10
China and India Plans to Study Legal Structure of Each Other Before Making Investments
China has been making plans for huge investments in India; however, they want to study the Indian legal system first.  They have also expressed willingness to sign around five MoUs with the government of India. On Wednesday, Wu Aiying, the Chinese justice minister had a meeting with the Indian
Published Date: April 10
Guardian Requests to Share Public Sector Volunteering Experiences
According to sources, United Kingdom has almost three million volunteers in sectors such as disability, health, and welfare organizations. The figures tally with those who are employed in NHS and social care together. Few years back the pressure on all these volunteers had immensely grown because
Published Date: April 10
China Says Building of Contested Waters is for Seafaring Purposes
In Beijing, the representative, Hua Chunying, told everybody at a usually timed news conference that the building work in contested waters is for seafaring purposes and its purpose is in no way to make claims at the cost of other nations. A Chinese Foreign Ministry representative defended China&rsqu
Published Date: April 10
Data Displays Further Slump in February for UK Construction
The Conservatives’ attempt of acquiring a pre-election jump from tenacious economic growth numbers has come to a halt with data displaying further slum in February for UK construction’s sector. Industrial manufacturing output elevated only 0.1 per cent in the month of February, compar
Published Date: April 10
Apple Abrogates Policy against Admitting Criminals to Construction Work
Doors have been opened by Apple for the construction laborers to aid in building its new campus. Apple representative, Josh Rosenstock told the newspaper Financial Times on Thursday that the giant in technical sphere has revoked a requirement of people who had been found guilty of crimes within the
Published Date: April 10
Alibaba and Tencent Gearing up to Lead the New Banking Wave in China
The battle between two of the biggest Chinese Internet companies, Tencent Holding Ltd, and Alibaba Group Holding Ltd grew intense as the duo entered into a fresh batch of competition. Both the companies are vying to win lion’s share of the banking sector in the economy as they gear up to foray
Published Date: April 09
IFDS in Ireland Creates 74 New Jobs
IFDS, also known as the International Financial Data Services is famous for providing outsourced administration. Apart from this, the technological solutions and support provided by the company is also one of the most popular to be available in Ireland. With the intent of expanding their operations
Published Date: April 09
Insurance Companies Around the Globe Seeking Digital Transformation
In the seventeenth century, industrial revolution transformed how manufacturing was practiced around the world. Following the footsteps of industrial revolution, the online revolution is also gearing up to reshape the insurance industry.   There was a time when consumers had to go through pi
Published Date: April 09
RootMetrics to be Acquired by IHS
IHS, an analytics firm based in Colorado has recently declared that it would be acquiring RootMetrics, which is a company situated in Bellevue, in the state of Washington. This company specializes in testing of mobile networks. The financial terms included in this business contract were not revealed
Published Date: April 09
Samsungs Profit Figures Show Improvements
Latest reports state that the quarterly earnings of Samsung have declined by almost 31% that what it was in the previous year. However, the decline is not as much as was expected. In fact, this in a way indicates that most probably the computer chip and smartphone giant is perhaps coming out of the
Published Date: April 09
Apple Releases the New App for Photo Storage
On Wednesday, Apple Inc. will be releasing a new free update in addition to its operating system of Mac. This new free update is expected to enable a latest app for photos in Mac computers and also the launching of an online service dealing with photo-storage which is known as the iCloud Photo Libra
Published Date: April 09
Workers in the Public sector to collect Report Back on Wage Talks
On Wednesday, public sector unions will gather across four regions to collect a report back on wage talks with the government and establish a way ahead after the due date for negotiations passed on 1st of April. There have been rancorous talks between the unions and the government so far. Dismay
Published Date: April 08
Modi Aims to Build New Business Relations with Europe
In his maiden visit to Europe, Prime Minister of India, Narendra Modi is trying to present India as a major manufacturing and investment hub. In his three-nation trip, he is going to visit France and Germany, two of the major economies of the Eurozone followed by Canada, where a significant populati
Published Date: April 08
Morrisons and Marks & Spencer shortlisted for Business Charity Awards 2015
The retail giants in the UK, Morrisons and Marks & Spencer have been shortlisted for Third Sector Business Charity Awards for 2015. The award that is in its sixth year is given as recognition and celebration that businesses in the UK make towards social enterprises and organizations in the vo
Published Date: April 08
Gifting Practice Crackdown in China Hurts Luxury Brands
The luxury brands Prada, Louis Vuitton, Gucci, and others are facing a tough time in China due to crackdown of revenues. One reason for business falloff in the region is changing practice of gifting to company executives and officials for favors. On top of this, buying choices are changing. What
Published Date: April 08
Retail Shows Recovery in London
The retail space in London has gathered pace which is supported by optimism from the sector. The main market at London returned after a four-day Easter break. Supermarket numbers were encouraging after hopes from UK recovery. The market research also finds family spending to be GBP16 per week in
Published Date: April 08
Quintessential Brands Will Soon Be Investing Robustly in Business Expansion Activities
Quintessential Brands, an international drinks company has recently declared that it would be investing in one of its facilities in a place called Abbeyleix situated in County Laois. Its subsidiary company by the name of First Ireland Spirits is located in this region. First Ireland Spirits is one o
Published Date: April 08
Coca-Cola to Invest in Great Britain’s Sustainable Manufacturing
Third largest global Coca-Cola bottler, Coca-Cola Enterprises (CCE) has plans of investing about 66 million pounds worth of funds in its current course of operations. This will take place in Great Britain in the current year, and is anticipated to surpass a million pounds within a week’s time
Published Date: April 08
Frozen Fruit Cider: A One-of-its-kind Launch by Kopparberg
The beverage industry for the very first time will witness the launch of frozen cider. This product will be launched by Kopparberg soon. It will be available in a variety of flavors and it will be packaged in specially designed beverage pouches. This product will be available in the market from the
Published Date: April 08
Funding to Implement Food Safety Law in US is Far below Expected Requirement
After many people got sickened by contaminated peanut butter, eggs, and spinach, the U.S. Congress passed a comprehensive food safety law in the year 2010 that gave the Food and Drug Administration fresh authority to avert additional outbreaks. But the policymakers have not given enough funds to com
Published Date: April 07
Online Food Enterprises Liquidating in Europe
The takeaway food and delivery industry in Europe is preparing for a fight as the German startup factory, Rocket Internet AG and the United Kingdom’s Just Eat Plc hit it out for a larger piece of the pie. Just Eat is the U.K.’s dominating online food delivery website and one of the natio
Published Date: April 07
Colleges Roll Out Food Pantries to Assist Low-Income Students
For several months last year, between classes at the University of California campus here, student Sierra Henderson stopped in at a tiny basement room to pick up free canned vegetables, pasta and cereal. “If the pantry wasn’t here, I might have had to consider taking time off school to w
Published Date: April 07
Samsung Electronics to Build Apple Inc.’s A9 Chips
It was being said some time back that South Korean technology giant Samsung had lost a major part of Apple Inc.’s next A9 chips’ manufacturing orders and that Taiwan Semiconductor Mfg. Co. was the one to manufacture the future lot of A9 chips for Apple. However, it was speculated in 2014
Published Date: April 07
Eureka Forbes' Aquaguard to also be Available in Online Stores
Eureka Forbes has pioneered and remained with its door-to-door selling concept in India the past thirty three years. The market leader of electronic water purifiers has now decided to distribute its products via the e-commerce medium as well. This decision shows a significant shift in the company&rs
Published Date: April 07
Chinese Banks Struggle with Single Digit Profit Rate
Due to a slowdown in China’s economy, the state-owned Chinese banks are witnessing the slowest growth rate in their profits in the recent years. Some of these banks, backed by the Chinese government, had attained top positions in the global banking network in the past. According to the Mone
Published Date: April 07
IMF Backs Islamic Banking Industry with Caution
Islamic Banking was endorsed by the International Monetary Fund (IMF) in one of its latest weekly reports. The global lender’s interest in Islamic finance principles was reflected in its independent discussions with an advisory group of Islamic finance experts, last year. The IMF’s repor
Published Date: April 07
Free International Roaming Could Accompany Google’s Wireless Service
Yes, we all heard it right. Google is striving to become a wireless carrier. Google isn’t trying to make a vivid impression or something by doing so, but it is just trying to push the limits of what wireless carriers do and the contemporary possible bonus to it is the service outside the US at
Published Date: April 07
Pioneer of Embryonic Stem Cell Passes Away
Leroy Stevens who was former researcher at Jackson Laboratory died of congestive respiratory failure on March 28 at the age of 94. His work with the mouse tumors led to the embryonic stem cells (ESCs).  Leroy Stevens who belonged to Kenmore, New York graduated from Cornell University and did
Published Date: April 03
New Research Findings May Lead to Treatment of Diabetes
In a new research finding at San Diego School of Medicine, University of California researchers have found the difficulty to use stem cells for liver and pancreatic problems. The research, however, can lead to new treatments for diseases such as Type 1 Diabetes. The researchers found out, the chr
Published Date: April 03
Drug for Cancer Developed in China
Xian-Ping Lu quit his job as research director at a multinational drug company in the United States to be the co-founder of a biotech company in his native land China. The bet that lasted more than 14 years is finally giving results. Shenzhen Chipscreen Bioscreens’ maiden therapy carried for a
Published Date: April 03
Public Sector Banks Seek Change to Deal with Greater Challenges
State Bank of India is planning to offer employee share options, encourage changes, and recruit specialists to remedy the humungous amounts of debts. The state banks in India have an agenda of increasing the profitability. The banks are also under the pressure of recovering the bad loans to make the
Published Date: April 02
Japanese Firm Itochu Suffer Losses in Buyout of U.S.-based Samson
Japanese company Itochu Corp. has said that it has incurred a loss of nearly US$317 million (38 billion yen) from to a recent investment in a U.S. based shale oil and gas company, owing to the record downturn observed in global energy prices in the start of this year. The loss has been incurred f
Published Date: April 02
Public Equity Deals Registered a 20% Rise on Fourth Quarter of 2014-2015
Private Equity Investments in India registered a rise by whopping 20% as direct consequence to ascending blockbuster deals in the e-commerce. The news on magnified investments was reported as the fourth quarter ended in March 2015.  The overall worth of the deal stood at around US$2,646 mill
Published Date: April 02
Guardian Media Group to Shun Shares Linked with Fossil Fuels
The publisher of the Guardian newspaper said it will sell all its investments which are linked with fossils fuels due to environmental concerns. The media group has become one of the biggest funds to sell shares related with gas and oil companies. The Guardian Media Group which has investments mo
Published Date: April 02
Oil Demand in China to be Highest Around 2017
The demand for oil in China is likely to peak in the next ten years or may be as close as 2017. The chairman of Sinopec, Fu Chengyu predicted in a recent conference call. Sinopec is the country’s largest oil processing company. The company said, it is getting geared for the future when reta
Published Date: April 02
Obama Gives Green Signal for Arctic Oil Drilling
The American President, Barack Obama who is known as a leader to fight climate change, has approved Royal Dutch Shell to return for oil and gas exploration off Alaska. The approval is viewed as contradictory by many environmentalists. The Obama administration on Tuesday upheld a lease sale Arctic
Published Date: April 02
L’Oréal Finalizes Taking Over of Brazilian Cosmetics Company
L’Oréal, the cosmetic group based in Paris and a global name in cosmetics and beauty products has announced its acquisition of Brazilian Niely Cosmeticos. L’Oréal, the leading name in hair and beauty in the world made the announcement on March 31.  The Brazilian cosmet
Published Date: April 01
L’Oréal Sales Rise by 7.7% in Mainland China
L’Oréal, the cosmetic company based in Paris has posted sales worth 14.3billion yuan (US$2.31billion) for the year 2014. The sales for the year 2014 are up by 7.7% from the previous year’s sales figures.  The result has come out as 18th consecutive year of sales growth in
Published Date: April 01
Fashion Brand Prada Shows Declined Growth
The global economy may be soaring, but Gucci, Prada, and LVMH seem to be in crisis with revenues not very encouraging. The revenues for the entire three fashion brand are either declining or flat. The stagnation in the business outcome of the luxury brands is surprise, as both Europe and US are grow
Published Date: April 01
Renewable Energy Sector Growing Rapidly, Not Slowed by Falling Oil Prices
The global trend shift towards renewable energy is currently reported to be picking up speed. The United Nations Environment Programme has released with a new report that states that the worldwide investment in renewable has summed up to US$270.2 billion in 2014. This is a 17 per cent growth over
Published Date: April 01
ServiceGems.com Introduces New Technology to Real Estate Industry
The ServiceGems.com instilled new innovation and technology into the North America’s commercial real estate. Several realtors and property managers have new challenges to find their vet vendors. The company brings brand new technology to the table that permits the users to benefit from the adv
Published Date: April 01
Flying Saucer at NASA Tested for Mars Landing Technology
The Low-Density Supersonic Decelerator (LDSD) project at NASA is planning to launch a disc-shaped test vehicle into the near-space. The mission of the project is a crosscutting demonstration that will analyze the breakthrough technologies on the surface of Mars. LDSD will enable heavy payloads th
Published Date: April 01
Ghana to Soon Adopt New Food Safety Policy
In an effort to safeguard consumer interest and ensure that exported foodstuffs are safe, stakeholders of the food industry of Africa have adopted a new food safety policy on a national level. The stakeholders who are going to implement the policy, who hold positions in a number of fields includi
Published Date: April 01
Ocean Theme Park Coming Up Near Shanghai Disneyland
A theme park which is ocean themed is coming up near Shanghai. The theme park is planned for Pudong New Area. The upcoming theme park is a convenient drive of 25 minutes from Shanghai’s Disney Resort. The construction on the Haichang Polar Ocean Theme Park commenced last Sunday. The Haichang
Published Date: March 31
South East Asia - America Submarine Cable System Construction Begins
The landmark submarine cable system project direct between Indonesia and United States was flagged off. The telecommunication companies which have come together to form a global consortium to construct and operate the project South-East-Asia-United States (SEA-US)  Submarine cable system proje
Published Date: March 31
Loy Lake Bridge Pushed for June Completion
The opening of the Loy Lake Bridge is pushed to June due to recent weather conditions in Sherman, Texas in the U.S. region. The Loy Lake Bridge has been closed since the last eight months as work is in progress to widen the bridge to four lanes from the existing two lanes.  The Transportatio
Published Date: March 31
Clinton Gearing Up for the Launch of New Community Healthcare Facility
Clinton is gearing up for the launch of a brand new healthcare clinic. Local residents are looking forward to the ceremony, because as per reports, the community has only a few options to get quality healthcare. A majority of people living in Clinton has to visit hospitals to get treated even in cas
Published Date: March 31
China to Enter the Online Medical Services Market Soon
Guangzhou's 21st Century Business Herald informed that many Chinese pharmaceutical companies and the internet providers are coming together to set their foot into health and drugs distribution line of work online. The Shanghai Pharmaceuticals holding Co. and the Alibaba Group are representing the tw
Published Date: March 31
Wipro goes up 2% After Reshuffle of Top Management in BFSI Unit
The share price of Wipro rose over 2% in intraday on Monday after the third biggest IT exporter in India reorganized its key management team at BFSI unit. This unit will be divided among two leaders. Mr. Angan Arun Guha, who, at present, is the head of the Citigroup business unit at Wipro, will l
Published Date: March 30
The financial Employment in UK Fell in Quarter Two
The financial services employment in the United Kingdom declined for the second successive quarter as the banks cut costs amidst limitations on capital and strict regulation, according to a survey carried out by an association of British Industry. 39% of the enterprises that were questioned state
Published Date: March 30
New Bank of China Conquered the U.S. Associates
Almost 2 weeks ago, the United Kingdom applied for the membership of the Asian Infrastructure Investment Bank, commonly called AIIB, a financial institution that is proposed by China and is designed to finance the large-scale infrastructure and construction projects in Asia region. The decision prop
Published Date: March 30