BUSINESS >> Companies

Kraft Heinz withdraws bid to acquire Unilever

United States foods giant Kraft Heinz has stopped its attempt to acquire Anglo-Dutch consumer goods company Unilever, both companies stated in a joint statement on Sunday.
Source: Xinhua | 2017/2/20 8:48:38

Dozens of Chinese companies use ‘Ivanka’ in corporate names

Thirty-six domestic companies have registered under names that include the word Ivanka, the first name of US President Donald Trump's daughter, since Trump was elected in November 2016.
Source: Global Times | 2017/2/19 22:13:39

Dongfeng, FAW agree to build joint innovation center for technology

Dongfeng Motor Corp and China FAW Group Corp said on Friday that they will build a joint innovation center, a move that brings China’s two oldest automakers together after they swapped top executives in 2015.
Source: Reuters | 2017/2/19 21:53:40

HNA takes stake in Deutsche Bank

China’s HNA Group has taken a stake of just over 3 percent in Deutsche Bank, and it said on Friday that it could buy further shares in the German lender.
Source: Reuters-Global Times | 2017/2/19 21:53:40

Tencent in talks with Go-Jek

Internet giant Tencent Holdings is reportedly in talks with Indonesian unicorn app Go-Jek about a potential investment, according to technology news website
Source: Global Times | 2017/2/19 21:53:40

Kraft Heinz bids $143b for Unilever in global brand grab; target rebuffs offer

US food company Kraft Heinz Co made a surprise $143 billion offer for Unilever Plc in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap.
Source: Reuters | 2017/2/19 21:53:40

After night in cell, Samsung official taken by authorities for questioning

Samsung Group chief Jay Y. Lee was taken on Saturday for questioning by South Korean authorities after spending a night in a small detention cell.
Source: Reuters | 2017/2/19 21:53:39

Figuratively Speaking

202 percent Annual growth in total profits of China’s steel companies in 2016, according to information from the Ministry of Industry and Information Technology. Of the 35 companies listed in the Chinese mainland, 28 have already released profit estimates for 2016.
Source: Global Times | 2017/2/19 21:53:39

Eurozone PMI due for February

Eurozone’s flash composite Purchasing Managers’ Index (PMI) for February is expected to be released on Tuesday.
Source: Global Times | 2017/2/19 21:53:39

Federal Reserve minutes for policy meeting

The US Federal Reserve is expected to release the minutes of its January policy meeting on Wednesday.
Source: Global Times-Agencies | 2017/2/19 21:48:40

Eurogroup to review bailout reforms

Finance ministers of the 19 countries of the eurozone are scheduled to meet in Brussels on Monday for a review of Greece’s bailout reforms.
Source: Global Times-Agencies | 2017/2/19 21:48:39

Japan’s trade data due for release

Japan’s Ministry of Finance is set to release the country’s trade data for January on Monday.
Source: Global Times | 2017/2/19 21:48:39

Meitu to launch new smartphone

Chinese photo app and smartphone maker Meitu Inc is expected to launch its new smartphone T8 in Beijing on Tuesday.
Source: Global Times | 2017/2/19 21:48:39

One year on, Apple Pay faces uphill climb

While Apple Pay enjoys increasing popularity in the US, it has made only a small dent in the vast Chinese market amid many challenges including low consumer take-up, analysts said Sunday.
Source: Global Times | 2017/2/19 19:03:39

China's automakers FAW, Dongfeng to co-build innovation center

Two major Chinese automakers, FAW Group Corp. and Dongfeng Motor, announced Friday plans for a joint innovation center.
Source: Xinhua | 2017/2/18 8:08:31

China home to most Decathlon stores outside France

French sporting goods retailer Decathlon has 214 stores in China, more than any country except France, the company said.
Source: Xinhua | 2017/2/18 7:59:14

Japan’s tech giant on the decline

Toshiba Corp may delay the sale of its prized flash-memory chip unit after the conglomerate said it would consider selling most, even all, of the marquee business, a person with direct knowledge of the matter said.
Source: Reuters | 2017/2/16 23:52:00

Verizon close to Yahoo deal, price cut of $250m to $350m: sources

Verizon Communications Inc is close to a revised deal to buy Yahoo Inc’s core Internet business for $250 million to $350 million less than the original agreed price of $4.83 billion, according to a source briefed on the matter.
Source: Reuters | 2017/2/16 23:52:00