Author Archives
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U.S. tariffs on aluminum imports take their toll on Sweden’s Granges JV plans
Granges had aimed to manufacture advanced aluminum materials for brazed automotive heat exchangers through a JV with Mitsubishi Aluminum for the North American and Mexican markets. On Friday, Sweden’s Granges disclosed that it will no longer go ahead with its… Read More ›
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China flexes it financial muscles in the South Pacific
China’s lending program to the island nations of the South Pacific has gone from zero to more than $1.3 billion over a decade. The relatively high cost of debt-servicing in these tiny economies have stoked fears that the entire region… Read More ›
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Coca-Cola purchases undisclosed stake in Body Armor
Coca-Cola did not disclose any financial details of the purchase, which is to be seen in the context of its fizzy colas losing steadily marketshare to popular alternatives to its PepciCo-owned rival. On Tuesday, Coca-Cola Co disclosed, it is in… Read More ›
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Brazilian farmers switch to soy midst increased demand from China
The rising trade war between ther United States and China is reshaping Brazil’s agricultural business. China’s investment in Brazil has also jumped to its 7-year high. To a large extent, the outcome of China’s gamble in Brazil will be weighed… Read More ›
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Venezuela takes step to block multi-billion oil smuggling business
Oil prices in Venezuela are set to rise to international levels. However, Venezuelans who register their vehicles in the vehicle census that is being carried out by his government will continue to receive subsidized fuel prices. Through a televised address,… Read More ›
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Beijing appoints Zhu Hexin as the vice governor of the PBOC
The appointment comes at a time when the Chinese economy is cooling with record low retail sales, and is showing signs of stress from U.S. sanctions. On Tuesday, in a strategic move China has appointed Zhu Hexin as the vice… Read More ›
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Lori Ryerkerk steps down as Royal Dutch Shell’s refining head
Lori Ryerkerk played an instrumental role in consolidating Royal Dutch Shell’s refining operations. She will now be succeeded by Robin Mooldijk. As per an internal memo from Royal Dutch Shell, Lori Ryerkerk, who was instrumental for a significant overhaul of… Read More ›
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Superyacht industry propelling Netherlands’ economy forward despite global woes
With demand exceeding supply, the Dutch yacht building industry is seeing a new high. Continuing its maritime tradition and on the back of technical superiority stemming right from the 17th century, which is also known as the Golden Age, the… Read More ›
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China eyeing JVs with Brazil for soybeans-related trade
The development sees China looking to diversify its dependence of soybeans from the U.S. to Brazil. On Monday, as per a senior Chinese diplomat, Brazilian and Chinese companies could potentially form joint ventures for the processing of soy. The development… Read More ›
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California court rules Nufarm’s glyphosate-based herbicide caused cancer
Given the widespread usage of glyphosate in agriculture, no wonder investors are jittery. Although Bayer-owned Monsanto has stood by its stance that its herbicide is safe for human use, in practice taken steps to reduce concentration levels of the chemical… Read More ›
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