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Portuguese Wind Power Company Acquired by Li Ka-shing
Power Assets Holdings, a company under Li Ka-shing, recently filed documents announcing an agreement for a joint venture, which it co-controls, to acquire the Portuguese wind power company Iberwind Group. Less than a month after news of the merger of Power Assets Holdings and the relocation of the registered offices of all companies under Li Ka-shing away from China, the business group he leads has taken another step in its continued expansion into Europe.
The Top 10 Highest-Paid CFOs in the United States
The CFO (Chief Financial Officer) holds the reins of a company's finances, directly impacting its financial security and development prospects. As the right-hand advisors to CEOs, CFOs hold an irreplaceable position of influence within a corporation. Many are curious: how much does this vital yet low-profile role actually earn each year?
Philippine Coal Power Plant Signs Operation and Maintenance Contract with China Energy Construction
Northeast Electric Power First Engineering Company of China Energy Construction Group signed the operation and maintenance project contract for the 135MW Circulating Fluidized Bed Coal-Fired Power Plant in the Philippines with Concepcion Power Corporation in Shenyang. This is the first international project undertaken by the company that integrates power plant operations, maintenance, and repairs, marking a new breakthrough in the company's overseas market development.
Singapore Post Announces Testing of Drone Delivery
Singapore's national postal service has announced the commencement of tests for drone deliveries. Singapore Post Limited (abbreviated as SingPost) announced this Thursday that on September 25th, it successfully dispatched a drone to deliver a letter and T-shirt over a distance of 2.3 kilometers to Pulau Ubin, completing the entire process in just 5 minutes.
UK's "Junk Food Cafe" Specializes in Expired Food
Most people discard expired food, citing reasons such as lack of freshness or spoilage. However, according to foreign media reports, a "junk food cafe" in the UK is doing the opposite, specializing in selling these expired food items to ensure that still-edible food is utilized effectively. It is reported that this concept has been embraced by many businesses and has even influenced other countries. To date, approximately 120 stores worldwide have joined the partnership, spanning the United States, France,...
Philippines' Largest Pension Fund Buys Stocks for Self-Rescue
As the Philippines faces its largest historical capital outflow, the Philippine national pension fund, which previously successfully exited at the market peak, has begun re-entering the market to purchase domestic stocks. In April, the fund chose to sell as the Philippine stock index hit a historical high; subsequently, the index fell for six consecutive months, marking its longest losing streak in 13 years.
Canada's Economy Grows for Two Consecutive Months
Statistics Canada reported that in July, Canada's real GDP achieved a growth of 0.34% following a 0.44% month-on-month increase in June. The greatest growth was seen in the mining, oil, and gas extraction industries, which had an average growth rate of 2.9%, particularly the oil and gas sector, which grew by 9.1%.
Hammerson Acquires Irish Loan Portfolio
On September 29, Hammerson PLC (HMSO.LN) announced that its joint venture with Allianz Real Estate will acquire an Irish loan portfolio for €1.85 billion (approximately $2.08 billion).
Miguel Company in Spain Acquired by Bright Food Group
Bright Food Group announced on the evening of September 29 that the acquisition of Miguel Company in Spain has officially been completed. This is reported to be one of the largest overseas acquisitions by the Chinese food industry in Spain this year, and it marks the first entry of a large Chinese food enterprise into the Spanish food distribution sector.
Hong Kong Ranks First Globally in IPO Fundraising for the First Three Quarters
Following the sharp global stock market correction in August this year and the significant volatility in the A-share market since mid-June, Hong Kong and Shanghai are expected to maintain their positions as the first and second largest global IPO markets respectively in terms of funds raised for the first three quarters of 2015. This comes amidst continued uncertainty regarding the U.S. interest rate hike schedule and a slowdown in China's economic growth.
Greek Finance Minister: "I am very optimistic about the economic outlook"
According to the Financial Times, Greek Finance Minister Euclid Tsakalotos stated that Greece could return to economic growth in 2016, provided that the newly elected government can rapidly implement reform plans that satisfy international creditors, paving the way for banking sector restructuring and debt relief.
Upgrade of Cyprus Sovereign Credit Rating
According to The Wall Street Journal, the credit rating agency Standard & Poor's published a report on Friday, upgrading Cyprus's sovereign credit rating by one notch and revising Finland's sovereign credit rating outlook to 'negative'.