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Latest Industry News

SunOpta Adds to its Packaging Capabilities in the US based Manufacturing Facilities
Recently, SunOpta, a Canada based mineral and food company established a stand-up pouch packaging equipment in California’s Buena Park, which is the company’s frozen fruit segment. It also set up a similar equipment in North Dakota’s Wahpeton which is its facility for roasted snack
Published Date: August 28
Indian Medical Device Sector could be Fueled by Soft Loans for Factories: Report
Government incentives such as rationalization of inverted duty structure and soft loans in order to establish manufacturing plants can help propel the medical devices industry in India, according to a report.  India is a growing market for medical technologies in the global space. But expert
Published Date: August 28
China to Join Hands with Iran to Sign a Nuclear Plants Construction Project
Authorities from the Chinese and Iranian construction industry have planned to sign a nuclear plants construction project. The Chinese and Iranian nuclear chiefs will be stressing on cooperation and peace while building the nuclear energy plant. According to a press TV, a nuclear energy plant will b
Published Date: August 27
Fast Growing Construction Industry Affected by Shortage of Labor in the U.S.
There has been a constant growth in the construction of commercial buildings and residential properties in the United States over the past few years. On the other hand, the construction industry in the United States faced lot of problems due to shortage of workers. Currently, labor shortage is delay
Published Date: August 27
Economic Slowdown in China Affects the Demand for Smartphones
IDC, a research company recently stated that in the current year, the sale of smartphones is projected to be quite low and sluggish, as against expectations. This has come about at a time when the China market is quite sluggish and will soon be becoming saturated. And will in a way resemble the mark
Published Date: August 27
Shanghai Pharmaceuticals Announced Results for H1 2015
Shanghai Pharmaceuticals Holding Co. Ltd. possessing the leading positions in both the markets of pharmaceutical products and distribution, announced its pro tem results for the H1, 2015 on Aug 27th, 2015. Various factors such as the slowdown in the macro-economic condition, rise in drug prices a
Published Date: August 27
China Consumer Goods Market to Show Smooth Development in Future
The local consumer goods companies have found ways to sustain their businesses by selling more rice crackers and washing machine in this period of economic slowdown in China. However, the luxury goods items such as Prada handbags and Rolls-Royce cars are showing steep decline in their sales. The
Published Date: August 27
Australia-based Ramsay Health Care Looks to Expand in China
Chris Rex, head of Ramsay Health Care – largest hospital operator in Australia – said on Wednesday that opportunities for growth in China were an attractive option for the company, which has reported a spike in annual profit.  Managing director of the private health care firm Rex
Published Date: August 27
Healthcare in Middle East and Africa Deploying Mobile Technologies
The health care market in the Middle East and Africa region has been witnessing the large scale adoption of mobile technologies. In addition, the short term outlook for the deployment of mobile technologies in this region is also seemingly strong, according to market analysts based in the United Sta
Published Date: August 27
UN Report Says 4.5 Million Ethiopians Now Struggling with Scarcity of Food
The number of Ethiopians requiring food aid this year has surged by over 1.5 million from previous estimates, as reported by the United Nations agencies. After the failed monsoon, almost 4.5 million people are now left on the mercy of foreign aid, the UN Office for the World Food Program, Coordinati
Published Date: August 26
China Focuses to Capitalize on Booming Halal Food Market
A recently released report projects that Muslim consumers will account for over a quarter of the global population by 2030, and China wants to be an active player in their food market.  The report observed that the Chinese companies are progressively penetrating into the burgeoning market fo
Published Date: August 26
Hidrate gets Geared up to Launch HidrateMe, a Smart Water Bottle
In December, Hidrate Inc., a Minneapolis based firm would be launching a smart water bottle. This comes at a time when the company has successfully raised US$627644 million from more than 8000 supporters. This bottle is a 24 ounces one, containing a specialized sensor stick which has the ability to
Published Date: August 26
DNP Selects IAI’s Cyber Range Training Center in Japan
Israel Aerospace Industries (IAI) signed a mutual agreement with DNP a leader in publication of documentation security, printing, and software security products in Japan.  The contract deals into supply of TAME Range which is Japan’s cyber range training platform and certification for
Published Date: August 26
Japanese Whiskey Arrives at ISS
Early Tuesday, officials reported that a remote-controlled cargo ship docked successfully at the ISS (International Space Station). The cargo was loaded with all the emergency supplies including Japanese whisky. Although the dock was successful, there were 30 astronauts that were requested to kee
Published Date: August 26
Daimler has Positive Expectations from the Sales Scenario in China soon after the Sluggish Market Performance
Daimler AG, the owner of Mercedes Benz has hopes from China when it comes supplying huge quantities of fuel in order to keep pace with the surging demand for cars in this year. Daimler has planned on ensuring that the investment remains high enough since the major stock market shock that the country
Published Date: August 25
Consumer Stocks fall 8%, not Considered as safe Haven Anymore
The consumer stocks in Canada have for quite some time, been taken for granted as a refuge for a falling markets. The case was anything but on Monday. There was an 8.14% drop in shares on the S&P/TSX consumer staples on Monday. This includes consumer goods industry’s finest, including M
Published Date: August 25
Comcast Intends to Start Worldwide 1-Gigabit Cable Service By 2018
Comcast proposes to start 1-gigabit administration rollouts in the not so distant future, with an eye toward pushing the administration across the country in a few years, as indicated by a report.  The key is the arrangement of DOCSIS 3.1, a link modem standard that Comcast will start triali
Published Date: August 25
Turmoil in China Hits Global Economy
Economic turmoil, initially originating from China, seems to affect the globe. This week started on a worried note regarding the strength of the global economy as the stock market in China crashed, creating ripples across the markets in other countries. As the value of shares in Shanghai plunged, so
Published Date: August 25
China Commences Construction of Coastal Steel Plant
China has commenced construction of a large steel plant which is estimated to have production capacity of 9.4 million tonne each year. The plant coming up in the Hebei province is in line with the country’s plans to build new, efficient plants on the coast, despite shrinking demand. Caofeid
Published Date: August 25
Foundation Laid for Skyscraper in Houston, Construction not to Commence until Tenants are Signed
At the site of the new capital tower in downtown Houston, loaded cement trucks were lined along Capitol and Rusk. The contractor for Capitol Tower, Skanska USA, and the subcontractor for concrete, Baker Concrete Construction, lined the block-long site with concrete of volume 9,300 cubic yards and 2.
Published Date: August 25
Oil Firms Expected to Face Deeper Crisis than Seen in 1980s
The oil companies are still bleeding cash and falling into more debts in order to maintain the dividends to shareholders in this industry.  The downfall spending by US$180bn led to the worst case scenarios of the decade long downturns in this industry. The crude prices of Brent crude is depr
Published Date: August 24
China Continues to Fuel Global Sell Off; U.S. Stocks Poised for another Decline
As worries continue to eat about China’s fuel, the U.S. stock futures are declining sharply on Monday morning. According to Nasdaq, the futures are sharply declining 5%, with S&P futures and Dow both around 3% lower. Given below are the five things the user needs to learn before the openin
Published Date: August 24
Foreign Car Factories Cut down Output in China
The foreign car factories in Shanghai, which were at one time the busiest in the world are beginning to slack off. Owing to weakness in the largest car market in the world, companies such as Volkswagen AG and General Motors Co. are forced to operation at less than full capacity the first time, as pe
Published Date: August 24
Toyota Plunges as China Plants Remain Shut for Two Weeks
Due to the Tianjin blasts in China that happened two weeks ago, Toyota Motor Corp. recorded highest drop in Tokyo trading first time since the 2011 tsunami. Sources close to the company commented that the production in China are going to be shut for at least two weeks due to the deadly explosions.
Published Date: August 24
People’s Bank of China to Increase Liquidity in Chinese Banking System
The People's Bank of China, the Chinese central bank, is in the process to increase liquidity in the banking system of China to trigger lending, as the latest movements in the Chinese currency market are pushing the Yuan funds out of the industry and fueling concerns over capital, states an official
Published Date: August 24
Dr Pepper Snapple makes Equity Investment in BA Sports Nutrition
Continuing its collaboration with BodyArmor SuperDrink, American soft drink company Dr Pepper Snapple has gone ahead with an equity investment in New York based owner of the sports drink BA Sports Nutrition LLC. The investment worth US$ 20 million lends Dr Pepper Snapple an ownership position of 11.
Published Date: August 24
Coca Cola Plans to Invest US$4 Bn in China over Next 3 Years
The Coca Cola Company has decided to invest US$ 4 billion into operations in China over the next three years. The announcement was made by chief executive officer and chair Muhtar Kent at the new plant sire in north China’s Hebei province.  The latest round of investments by the bevera
Published Date: August 24
Falling Oil Prices Threated to Break Producing Countries
While the constantly dropping oil prices have affected most of the global oil-producing nations, the problem is yet to see a worsening impact, say industry experts. Crude prices are now lingering around a six-year low and could be the cause of major political turmoil in a few oil-producing nations.
Published Date: August 21
Untapped Electricity Efficiency is 17.9% in the Indian Manufacturing Sector
According to a research report published by Siemens Financial Services, India’s untapped electricity efficiency potential is close to 17.9%. The report further states that optimization of industrial motor-driven systems can also help in 60% reduction of electricity consumption at an industri
Published Date: August 21
Huawei Max out LTE with Data Compression
The leading handset manufacturer in China named, Huawei and Qualcomm Technologies have come to mutual terms and completed the commercial verification.  UDC is open for claims to enable operators to uplink resources and maximize the LTE-TDD resources.  Both the companies verified the
Published Date: August 21
Good Deal for iPhone Users to try out any Samsung Phone for $1
If you love your iPhone, then wait for a month and a dollar to spend more to come to a new smartphone that Samsung will introduce to the market for you all to get hooked on.  Samsung is facilitating the iPhone users with the ability to test drive its new lineup of Samsung Galaxy phones. This
Published Date: August 21
IMI Ranks as 7th Global Provider of Auto Electronics
Integrated Micro-Electronics Inc. (IMI) ranks on number seven on the list of leading automotive EMS providers. The company is AYALA led organization that is gaining high traction in the global market with increasing shares. It is a provider of EMS to the automotive industry.  IMI holds top r
Published Date: August 21
Growing Demand for Educational Facilities in GCC Boost Refurbishment Sector
The rising demand for new private schools in the GCC is driving the growth of onsite refurbishments. Several companies are trying to win multi-million dollar projects in this sector to generate big revenues. The key growth drivers for education facilities is the rising population, increasing number
Published Date: August 20
Samsung Hopes to Release 16 Terabytes SSD in 2016
An industry report released on Samsung Electronics in August revealed that the South Korean giant will be releasing and SSD with the largest capacity in the world. It will be the first 16 terabytes solid state drive (SSD) and will be launched next year. The storage capacities if SSDs are quickly
Published Date: August 20
North Sea’s Largest Petroleum Exploration and Production Company Suffers Losses amid Declining Oil Prices
EnQuest plc the largest independent UK-based petroleum exploration and production company in the North Sea has announced that it suffered massive losses in the first half of the year. This is the latest sign of heavy decline in crude oil prices is having on the global energy industry.  The c
Published Date: August 20
Smartphone Manufacturing Started in India by Lenovo
Lenovo, one of the world's biggest maker of electronics and the proprietor of the Motorola brand, is growing immensely. The organization reported that it would start fabricating both Motorola and Lenovo smartphones in another processing plant in Chennai, India, beginning with the low-cost Moto E and
Published Date: August 20
Toyota Stalls its Tianjin Operations Due to Safety Concerns
The recent twin blasts at the Chinese port city Tianjin has largely affected the automotive companies. Toyota Motor Corp. has stalled its operations in Tianjin until Sunday owing to safety concerns. The auto manufacturer has mentioned that the manufacturing plant of its Chinese partner Sichuan FAS T
Published Date: August 20
STR Holdings Pushes Consumer Goods Sector at NYSE
As the Dow Jones Industrial Average traded down -0.9% (164.34 points) at 17,347 on Aug. 19, 2015, all 3 major indices showed decline in today trading session. The advances/declines ratio of NYSE sits at 562 advancing issues compared to 2,422 declining issues and 143 issues remains unchanged. The
Published Date: August 20
iKang Announces Joint venture With Three Ciming Medical Centers in Shandong Province
China’s largest private preventive healthcare provider, iKang Healthcare Group, Inc. has declared that it has entered in a joint collaboration with the past shareholders of the healthcare companies Weifang Kuiwen Ciming Clinic, Weihai Ciming Clinic, and Yantai Ciming Laishan Clinic, in the thr
Published Date: August 19
‘Low Yat 2’ to Broaden the Scope of Telecommunication Equipment Business in Tokyo, Japan
The proposed set up of ‘Low Yat 2’ is expected to build a new image for the telecommunication equipment business. As per Datuk Hamzah Zainuddin, the Domestic Trade, Cooperatives and Consumerism Minister, ‘Low Yat 2’ will allow to sell only genuine products. The current &lsquo
Published Date: August 19
China Telecom Co. Limited Receives ‘Outperform’ Ratings: Credit Suisse CHA Reaffirmed
Recently, Market Beat released a report saying, Credit Suisse confirmed their rating as ‘outperform’ for the shares of China Telecom Co. Limited. Many other analysts shared their comments on CHA. Zacks holds some shares of China Telecom Co. Limited. Recently Zacks dropped the shares from
Published Date: August 19
China’s Leading Elastic Companies to Showcase at Galleria Intima
The largest trade fair for intimate apparel in the country, Galleria Intima, in its fourth year will bring in tow major elastic companies in China–Shanghai Elastics and Legend Elastics- to display their products. Every year, the event is organized by Indian Intimate Apparel Association of I
Published Date: August 19
American Apparel Indicates to Go Out of Business
America Apparel, the retailer that is facing mounting debt, diminishing sales and cash problems, stated that it may discontinue operation in a year. This was announced by the company at the release of the second quarter financial results, as the company is aggressively working towards a turnaround p
Published Date: August 19
Chinese Government Devalues Currency to Revive Manufacturing and Exports
In the past few months, the Chinese government has faced a single and major worry – saving the troubled economy. Last month, when the stock market stumbled and money flew out of the system, the country’s exports took the hit. The Cabinet understood that it was imperative to fix the expor
Published Date: August 19
Public Spaces are Value-Addition to Dundee Waterfront Success
The people living at Dundee’s Waterfront are offered a visualization of how the buildings at the Waterfront are likely to look in the near future. According to the council chiefs, the public spaces are set to play an important role in the site’s future. They’re a common feature
Published Date: August 18
U.S. Manufacturers have Caught China’s Cold
The U.S. manufacturing has unexpectedly made its entry into the limelight. The report states that the U.S. markets have performed higher than their European counterparts following another downbeat European session today. The notion is to not doubt the positivity of the Americans. As the Empire state
Published Date: August 18
Starbucks all Set to Reinvent its Popular Pumpkin Spice Latte With the Addition of Real Pumpkin Puree
The iconic Pumpkin Spice Latte from Starbucks is undergoing a serious shift. The highly popular fall-time drink from the world-famous coffee joint is getting rid of the caramel coloring and adding actual pumpkin squash. When the drink hit tables this fall, it will be the first coffee beverage that u
Published Date: August 18
21st Century Cures Act Concerns Highlighted by JAMA Medical Device Study
Recently, JAMA study highlighted a crucial point of argument to the 21st Century Cures Act. According to the study, the high-risk medical applications and devices are still in debate, as they might not undergo suitable regulatory screening procedures, before and after they are approved.  The
Published Date: August 18
CBCT Outdoes Growth in all Major Dental X-Ray Segments
As per the report from HIS Medical Technology, The Cone-beam CT (CBCT) segment has grown fast to overtake the sales in many other dental X-ray segments. The Cone-beam CT segment has also overtaken the medical imaging modalities with respect to global unit growth. Increasing demand for maxillofacial
Published Date: August 18
Car Production Loses Momentum in China because of Blasts in the City of Tianjin
Toyota Motor Corp may soon be losing its largest car production source in China for a minimum of approximately three days, since auto manufacturers are struggling hard to evaluate the damage that was caused by the explosion in Tianjin city in the week earlier. The evacuation being carried out in thi
Published Date: August 18
India to WTO: Legal Services Sector will be Accessible to Foreign Lawyers only after Consultation with Authorities
Recently, India informed the members of World Trade Organization WTO that the country’s legal services sector will be open for foreign law firms and lawyers only after consultation from the stakeholders like Bar Council of India BCI. Countries, which are ready to offer similar services to Indi
Published Date: August 17
China-Arab States Health Cooperation Forum in September to Boost the Medical Sector
The 2015 China-Arab States Health Cooperation Forum is likely to be held from September 10th 2015 to September 13th 2015, in Yinchuan, Ningxia. The participation for this forum has been already confirmed by the health ministers and the Secretariat of the League of Arab.  As per the organizin
Published Date: August 17
China to Start Construction of Generation IV Nuclear Reactor
China is planning to start the construction of a Generation IV nuclear reactor with nearly 600 MWe capacity. The reactor is being touted as a Terrapower travelling wave neutron reactor. The construction of the of the power demonstrative project, named Xipu fast neutron reactor, is set to start by
Published Date: August 17
App will Help Chinese Consumers Identify Food Made in Australia
The demand for imported food in China is growing at a healthy rate. Dairy products from South Korea, Scotch from Scotland, Wine from Australia, and organic fruits and vegetables from Europe are increasingly finding their way in the Chinese food market. The demand for healthy food items and other qua
Published Date: August 17
Average Ratio of NPLs in China Hit 1.5% by June 2015
According to the China Banking Regulatory Commission (CBRC), the average ratio of non-performing loans for commercial banks in China has hit 1.5% at the end of June, 2015, up from 1% since December 2013. The figure was within the estimated range and was far below of the consolidated assessment of
Published Date: August 17
Fung Retailing and Macy’s in a Joint Business Venture to test the Market for E-commerce
Today Macy’s Inc. declared that it has entered a join business venture with Fung Retailing Ltd. which is a Hong Kong based private enterprise. This has been a major step in the Chinese retail market, which is a rapidly growing one and also is also fast paced. In this joint business venture, Fu
Published Date: August 14
Big Pharmaceutical Companies Sell Aquinox Pharmaceuticals’ Shares
Johnson & Johnson and Pfizer have both cut off their affiliation with Aquinox Pharmaceuticals by pruning their holdings following the recent run-up in Aquinox’s shares. Shares of Aquinox jumped to US$55.75 on August 10 from US$1.79 per share on the 6th of August. The hike in its shares
Published Date: August 14
China Initiatives Drive for more Mum to Breastfeed
With the increasing number of scandals pertaining to toxic infant milk, a native of Beijing Ms. Zhang was determined that she would breastfeed her son who was born nine months ago. As told to the news agency, the housewife from Beijing stated, the way formula milk is sourced and processed is not
Published Date: August 14
China and Japan Competing to be Forerunners in First Indonesian Highs-Speed Construction of Railway
Indonesia's arrangement to build its special fast railroad framework has pulled in discrete offers from Asia's biggest foundation goliaths, China and Japan. Chinese National Development and Reform administrator named Xu Shaoshi landed in Jakarta on Monday to persuade Indonesian President Joko Widodo
Published Date: August 14
Taiwan Makes Bengaluru Electronic Goods Hub
Major electronics companies located in Taiwan have planned to establish a manufacturing base in the Indian city of Bengaluru. The Karnataka government has set up space for the plants near Devanahalli international airport, according to official reports. Ratna Prabha, the Industry Secretary for Ka
Published Date: August 13
China Needs to Increase its Energy Capacity by 2020
China has been urged to increase its solar power capacity by industry groups to plug the projected hydropower and nuclear shortfalls. Furthermore, this is the need of the hour as the nation experienced recently currency devaluation that could actually provide a boon for exports of solar products but
Published Date: August 13
Energy Storage Emerges as an Important Sector with Expansion of Renewable
In the past few decades the demand for renewable energy has grown by leaps and bounds. Due to this several other related sectors have also benefitted. One of the sector that has over the time grown is the energy storage market that has become critical for renewable energy sectors such as wind and so
Published Date: August 13
Westlake Chemical Corporation to Witness $1.23 for Q2 in 2015
The analysts at Wall Street expect Westlake Chemical Corporation to state their earnings per share of $1.23 for the fiscal quarter of this year. This figure depends on the average approximation of various research firms that cover the overall stock.     The corporation most recently has
Published Date: August 13
Arkema’s Nylon Piping Systems have the Ability to Accumulate Methane Landfill Gas
Arkema Inc.’s nylon 6/11 resin aids Nebraska community in depicting energy from the inhibited landfill. Rilsan-brand nylon 6/11 is a piping system used by Arkema. It was installed in the start of this year; however it has started its operations throughout the system including fitting, joini
Published Date: August 13
Chile to get new 133MW Solar Power Plant
Chile is set to get another major solar power plant project. The new project will be initiated by Pattern Energy from the U.S. The renewable energy project development company from California announced that it has begun construction of a 122MW solar photovoltaic power plant in Chile. The work beg
Published Date: August 12
General Electronic to Sell health Care Finance Unit to Capital One
General Electronic Co. has announced that it is selling its healthcare finance unit based in U.S. to the credit card lender company Capital One Financial Corp., in a deal that is worth nearly US$9 billion. The deal comes as General Electronics winds up its presence in the finance sector and makes it
Published Date: August 12
Demand for Housing Shifting Toward City Centers in US
With home prices reaching a sustainable pace, there has been a demographic shift in terms of housing demand toward city centers, states the US Residential Mortgage Back Securities Sustainable Home Price Report by Fitch Ratings for the second quarter of this year. Fitch reports that after decades
Published Date: August 12
Is China’s Property Market Headed for a Fall?
As the equity markets in China cool down and the government devaluates its currency, the question everyone is asking once again is whether the property market in the country is headed for a decline. Some analysts believe that the days of boom are in the past. However, as buyers are being asked to pu
Published Date: August 12
Chinese Mega-Manufacturers Set-Up Large-Scale Factories in India
Foxconn decides to open a $5 bn facility in Maharashtra, India. The two countries India and China are facing enormous political, economic, and military resentments. Xiaomi has already its phone assembly plant established in Andhra Pradesh, India where it will be announcing its new products, today. H
Published Date: August 11
Warren Buffet Buys Precision Castparts
After years of doing business with small and midsize acquisitions in the effort to expand the product offerings for customers like Airbus and Boeing, Precision Castparts will now be acquired by Berkshire Hathaway.  The chairman and chief executive officer of Precision Castparts, Mark Donegan h
Published Date: August 11
Much-Hyped Healthcare Reform Drive in China Stuck in First Stage
It was not much time ago that China trumpeted drafting the most ambitious healthcare reform drive for the country. Li Tiantian, the Chinese doctor turned tech entrepreneur, left no stones unturned to chalk out a way for judiciously implementing the healthcare reforms across the country. DXY.com, a m
Published Date: August 11
Canadian Study Associates Food Insecurity with High Healthcare Costs
A new Canadian study revealed that people with severe food insecurity incurs more healthcare costs than people who are food secure.  People with food insecurity has inadequate access to food owing to low income, hence these people also suffer from poor physical and mental health condition, w
Published Date: August 11
At Six-year Low, US Oil Settles at US$43.08 a Barrel
US crude oil on Tuesday settled at a six year low after China, the second largest consumer, devaluated its currency. The move raised numerous questions on the country’s demand for more oil. However, a new projection revealed that producers in non OPEC regions were more determined than ever to
Published Date: August 11
China may become Largest Oil Importer in the World by end of 2015
Oil companies in China have increased their purchases as global prices continue to drop, with the nation topping oil imports in the world in the month of April as well as June. Director of Xiamen University’s Chinese Energy Economy Research Center Lin Boqiang believes that China may well be
Published Date: August 11
Shire in Talks for US$30 Billion Baxalta Bid
The London listed pharmaceutical giant Shire is about to begin their formal takeover negotiations with their U.S. rival Baxalta. The deal could possibly go beyond US$30 billion. The pharma industry has seen large amounts of activity in terms of takeovers. The Anglo-Irish drug company Shire had al
Published Date: August 10
Australia Pharma Shows 30% Decline
The Australian medicines exports segment has shown a 30% decline over the past year. Medicines Australia says the decline is a market of the massive challenges that the local industries are facing while trying to compete on the global front. According to Medicine Australia, the country’s la
Published Date: August 10
Google Glass could be the Future of Medical Device in Distant Disease Management
A new study presented by University of Massachusetts Medical School in U.S. suggests, Google Glass can be used for diagnosing and managing patients in far off rural areas or hospitals. According to researchers Google Glass could be the gadget that revolutionizes distant healthcare. As the head-mount
Published Date: August 10
Mechanical Failures of Pacemakers is a Growing Concern for Deaths in UK
The research published by Professor Zian Tseng in the Journal of the American Medical Association, he states, about a third of every unexpected death amongst patients with cardiac issues with pacemakers or such devices is related to malfunctions. According to scientists, there is evidence suggesting
Published Date: August 10
NAB Reported US$1.75 billion Profit in 3rd Quarter
National Australia Bank (NAB) has reported a profit of a US$1.75 billion in the 3rd quarter of this fiscal year. The profit has calmed down the fears of the bank to be hit by bad loans and boosted the shares of this bank. The biggest lender of Australia to small and medium businesses, NAB, stated
Published Date: August 10
Chinese Banks’ Bad Debt Ratio Reported 1.5% Rise
The bad loans ration among Chinese banks has reported a rise by 1.5% in the quarter ended on 30th June, 2014. It is 0.11% higher than the quarter ended in March, 2015. The value of outstanding non- performing loans rose by US$17.6 billion, stated the banking regulator of the Republic of China. 
Published Date: August 10
Construction Industry Slows Down in July, but Overall on a Good Growth Path
The global construction industry had seen good growth over the past few months but it again lost some momentum in the month of July, nevertheless it continued to grow strongly, according to recent analyst figures. The Construction Purchasing Managers’ Index (PMI) of Ulster Bank, an index th
Published Date: August 10
Economics of Nicaragua Canal Hard to Determine
China’s highly talked about construction of the Nicaragua canal is facing some difficulties. The current status of the canal makes it hard for an economic case for the much talked about construction. The construction of the 172-mile canal was expected to cost nearly US$40 billion as per ear
Published Date: August 10
Coca Cola in a Three Way Business Venture worth 28 Billion Euros
One of the largest beverages giants, Coca Cola recently announced a merger which for the first time, will be a merger involving three parties. Coca Cola will be entering into a business venture with its two major counterparts in by far the biggest and best European consumer agreement of this century
Published Date: August 07
International Finance Corporation Announces Major Plans to Invest in India’s Renewable Energy Sector
According to a top official at World Bank, International Finance Corporation (IFC) has announced its plans to make heavy investments in India’s renewable energy sector. This move comes as the renewable sector is growing at a competitive commercial bids flowing in as compared to subsidy-driven
Published Date: August 07
SSTL Satellites will Aid City Planning in China
The UK-built Survey Satellite Technology (SSTL) designed on the concept of Three Earth observation has been placed in a low earth orbit. The satellites are designed to provide Earth observation. The launch of these satellites is a sheer example of the global nature of the space technology in 2015.
Published Date: August 07
Reclamation Work in South China Sea called to a Halt by China
China’s Foreign Minister, named Wang Yi stated on Wednesday that Beijing had ended area recovery in the South China Sea, and approached nations in the district to accelerate talks on how inquirer states ought to act in the disputed waters. In June, China said it would soon finish some of its r
Published Date: August 07
Trading Houses in Japan hit by Commodity Price Plunge
Prices for oil and other resources have nosedived in Japan in the recent past. In Tokyo, these lower prices are affecting Japan’s leading companies hard. They are partially undercutting the benefits of cheaper import trades for this resource-poor country.  Mitsui & Co. said on Thur
Published Date: August 06
Connecticut Company Settles Claims About Chemical Reporting Lapses with EPA at Man U N.H. Facility
East Hartford, Conn stores the petroleum products and many other flammable liquids at various facilities in New England. This is an EPA settlement with BWE, Inc. to help ensure that various community and emergency responders possess the right information. This information will help them plan better
Published Date: August 06
Coca-Cola Bottling Plants to Merge
Coca-Cola Co. stated that the new bottling giant plans to slash US$350 million to US$375 million cost every year within three years. Three bottling companies that serve Coca-Cola Co. are planning to merge in a deal which is designed to slash costs for the beverage giant in the middle of softening
Published Date: August 06
Distillers in China Added Viagra to Favored Alcoholic Beverage
In China, more than 50 liquor companies have been accused for adding Viagra in their products. This was confirmed by the food and drug watchdog agency of China recently.  As a consequence of the move, investigators seized above 5300 bottles of booze following the investigation carried at Liu
Published Date: August 06
Crude Oil Prices Reach a Multi Month Low
Prices of crude oil have fallen to their lowest in the past many months as oversupply continues to cause troubles to the global oil market. Adding more turbulence to the already futile condition of the global oil market, the new multi-month low has led market to an even worse state. Resilient out
Published Date: August 06
China Selling Advanced Fighter Jets to Iran
China is reportedly selling some of its J-10 multi role fighter planes to Iran in return to sizeable concession on oil from the latter. Over the last week, many sources have reported that China and Iran are about to finalize a deal regarding the sale of Chengdu J-10, the planes exported by China und
Published Date: August 06
China Market Immensely Tough for Western Pharma Cos
The Chinese market is getting rather difficult for pharmaceutical companies in the West since Beijing has been pushing for a rising healthcare bill and prices have been brought under pressure. China has surpassed Japan as the second largest prescription medicines market in the world after the Uni
Published Date: August 06
IBM Announces US$1 Bn Acquisition of Merge Healthcare
In an attempt to expand its global presence in the health care industry, IBM has been getting rather aggressive. The company on Thursday morning announced the US$ 1 billion acquisition of medical imaging leader Merge Healthcare. This is the third such acquisition since the setting up of Watson He
Published Date: August 06
3D-Printed Pills Opens up Possibilities to Customized Medicine
3D printing technology is finding its application in several sectors. One of the most common application of the 3D printing technology is in the jewelry designing field. 3D printing technology allows to manufacture objects that are of a complicated design and with precision. Precision is especially
Published Date: August 05
CSIC Announces a Breakthrough in 3D Printing
3D printing technology is expected to improve the manufacturing process in several industries. This technology is especially projected to drive the manufacturing process in the component manufacturing sectors. The use of 3D printing technology is relatively a new concept in the maritime field. Howev
Published Date: August 05
Hungary Attempts in Boosting its Standing in Higher Education
A Hungarian pastor has conceded that huge changes are obliged to make the nation's universities supportable. Talking on national TV toward the end of a month ago, László Palkovics, the minister for advanced education, noticed that the Ministry of Human Capacities had distinguished syst
Published Date: August 05
The Concerns of the Youth in China Highlighted in the Student Protest at Taiwan
The most recent student dissent against alterations to the high school educational module has highlighted the developing concern among Taiwanese youths towards the terrain. In spite of closer ties with Beijing under President, named Ma Ying-jeou, more Taiwanese appear to feel disengaged with China.
Published Date: August 05
J.Crew to be in Peril to Become the Next Gap
It is not long that J.Crew was regarded as the most fancied specialty retailer. From Michelle Obama to Kate Middleton everyone was spotted sporting the brand. Of late, J. Crew is struggling with plummeting sales. The company is said to have laid off 105 of corporate staff recently. The brand i
Published Date: August 05
China’s Leading Online Fashion Retailer Mombasa Announces the Launch of US Brand Mall
Moonbasa, the leading online fashion retailer in China announced that it will officially launch the brand Mall, which is a portal that will enable Chinese consumers to have access to US fashion brands. Moonbasa CEO, who is based in Shanghai and Los Angeles has been a successful entrepreneur who s
Published Date: August 05