Two food giants, Nestle and Danone faced China's probe on the food sector for unethical practices with price cuts on infant milk formula.
Industry
Bad Reputation Leads to Falling Stock Prices for Manila Water Company
Manila Water Company's (MWC) stock prices plummeted after a week since it was reported that the water regulator was letting its consumers pay for its taxes.
Alberta Canada Oil Reserves To Use TransCanada Pipelines
Provincial Government of Alberta Canada made arrangements to ship oil via TransCanada pipeline (Photo : Reuters)Provincial government of Alberta government agreed to transport oil via TransCanada pipeline Canada's province of Alberta, having the world's third largest crude reserves, made a deal with TransCanada Corp (TRP) to ship oil via pipeline for C$5 billion.
Investors needed - Sindh chief minister
Sindh chief minister urged foreign and local investors to invest in the region's several industries.
Deutsche Bank Needs More Capital under Basel Proposal
To achieve the 3% leverage ratio target proposed by Basel, analysts claimed that Deutsche Bank still has to increase its capital or decrease its assets by 409 billion Euros.
Latest News
Shipbuilder Rongsheng shares were stopped from trading in the Hong Kong Stock Exchange. (Photo : Reuters)The image is the Rongsheng Shipyard now under pressure.
The European Parliament approved a plan that would fix carbon market glut and resolve problems regarding its price plunge.
Analysts said that investments on augmented reality technology will grow within the next few years. (Photo : Reuters)Motion response is a principle in augmented reality technology.
Angel investors in India opposed a new three-year lock in rule by Sebi. (Photo : Reuters)This is an image of the Indian flag. The biggest angel investor group in Asia, India Angel Network, stated its apprehension over Sebi's proposal to do a lock in period for angel investors lasting three years.
The African Finance Corporation handed $250 million worth of power-systems investment as part of Power Africa.
The Chinese smartphone industry boosted the production of chips in Korea, making investors in the industry in charge of the market.
India's CPSE was urged by the finance minister to either invest its surplus funds or give to those who will.
A research analyst said that investment banks are eyeing a launch of hedge funds targeting the retail sector.
BlueCrest Capital Management's BlueTrend hedge fund slumped by 16.9% that was expected to reflect a US$2.7 billion loss in the main fund.
