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Manufacturing


Asset swap to make drug firms stronger

Sanofi and Germany’s Boehringer Ingelheim yesterday said they have agreed to a 22.8-billion-euro (US$25.1 billion) asset swap that would strengthen Boehringer Ingelheim's animal-health business while ...

June 28, 2016, Tuesday


China committed to manufacturing upgrade: premier

China is committed to transforming its manufacturing sector by leveraging the latest technology to meet diverse demands, Chinese Premier Li Keqiang said on Tuesday. "Manufacturing is the foundation of ...

June 28, 2016, Tuesday


Bohai Steel Group ‘may receive bailout’

BOHAI Steel Group, the indebted state-owned conglomerate, may receive help from a local government bailout fund to restructure its debts, the online financial magazine Caixin said at the weekend. Bohai ...

August 22, 2016, Monday


Germany not to obstruct Midea’s takeover of Kuka

GERMANY said yesterday it would not hinder China’s home appliance maker Midea from acquiring German robot maker Kuka, as the deal would not endanger Germany’s security. “Following an intensive review ...

August 18, 2016, Thursday


Share transfer binds SOEs to collaborate strategically

CHINA’S second largest steel maker Baosteel plans to transfer 800 million shares to China National Petroleum Corp as part of a “strategic collaboration” between the two state-owned enterprises. The share ...

August 17, 2016, Wednesday


BHP posts worst full-year US$6.4b loss

THE world’s biggest miner BHP Billiton yesterday reported a US$6.4 billion loss — the Anglo-Australian company’s worst ever full-year result — resulting from weak commodity prices, a plunge in the value ...

August 17, 2016, Wednesday


US productivity declines for 3rd straight quarter

US nonfarm productivity unexpectedly fell in the second quarter, pointing to sustained weakness that could raise concerns about corporate profits and companies’ ability to maintain their recent robust...

August 10, 2016, Wednesday


Manufacturing PMI slips as heavy flooding dents output

CHINA’S manufacturing sector weakened in July as heavy floods hit output, but private manufacturers did better than market expectations to record their first activity growth in 17 months, data showed ...

August 2, 2016, Tuesday


Steel firm and creditors see no love lost in public battle

TROUBLED Dongbei Special Steel Group Co and its creditors continued with their battle publicly as investors pushed for the firm’s bankruptcy and objected to a potential debt-to-equity swap that could ...

July 27, 2016, Wednesday


Probe urged on cheap iron ore imports

CHINESE mining firms are calling for an anti-dumping probe into iron ore imported from Australia and Brazil, an industry association said yesterday. An application for an investigation will be filed ...

July 27, 2016, Wednesday


 

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