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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

Industrial profits expand slowly in May

CHINA’S manufacturers posted a slower growth in profits in May but inventory pressure continued to ease, the National Bureau of Statistics said yesterday. Their combined net profit for the month rose ...

June 28, 2016, Tuesday

Steel shares halted pending merger

SHARES of China’s two state-owned steel companies, Baoshan Iron & Steel Co and Wuhan Iron & Steel Co, were suspended from trading on the Shanghai Stock Exchange yesterday after saying their parents are ...

June 28, 2016, Tuesday

Kuka nears takeover deal with Midea

GERMAN robotics maker Kuka is on the brink of agreeing to an investor agreement with Chinese bidder Midea that includes a long-term commitment to existing headquarters, factories and jobs, a source close ...

June 27, 2016, Monday

Asian carmakers warn of less investment in UK after Brexit

EXECUTIVES at Asian automakers with factories in Britain, largely set up to export to the European Union, say they could slow investments in Britain or even put them on ice for now, after the country ...

June 25, 2016, Saturday

Emerson eyes big on China

The US-based manufacturing technology company Emerson is extending millions of dollars of investment in China, hoping to benefit from green economy, industrial process control and household appliances. ...

June 24, 2016, Friday

China blasts stiff US duties on steel

THE Ministry of Commerce criticized a decision by the United States to impose punitive duties on Chinese steel products yesterday, saying the US steel industry was overprotected. “China is deeply worried ...

June 24, 2016, Friday

Kuka’s chief sure Chinese ownership beneficial

CHINESE ownership should benefit Germany’s Kuka, the German firm’s robotics chief said, as the company and its shareholders mull a 4.5 billion-euro (US$5.1 billion) offer from home appliances maker Midea. Kuka ...

June 23, 2016, Thursday

Robot sales slow in 2015

GLOBAL industrial robot sales growth slowed to 12 percent in 2015, less than half the 29 percent rise seen in 2014, data from the International Federation of Robotics showed yesterday. Growth in robot ...

June 23, 2016, Thursday


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