In a move which represents the first defense technology transfer since they relaxed their military export rules last April, Japan has given the go ahead for the export to the US of a locally manufactured part for a missile defense system. Japan also will pursue a joint research project with Britain on technology for air-to-air… Continue Reading
According to a Localytics report, Americans are not necessarily overly devoted to their home country when it comes to following the World Cup. While 92% of OnefootballBrasil users from Brazil follow their home country; only 22% of Americans are using that app to keep tabs on the US soccer team. Even more pathetic for American… Continue Reading
Thomas Donahue, President of the US Chamber of Congress, is calling for an easing of the US embargo against Cuba after visiting the island country for three days at the end of May. The embargo is enforced by a series of legislative acts beginning with the signing of The Trading with the Enemy Act… Continue Reading
As part of a wider, international recall the giant Japanese automobile manufacturer, Toyota, is recalling 1.8 million vehicles for a variety of safety reasons. By the time the global recall is over at least6.39 million vehicles will have been sent back to the factory for repairs. In the United States the recall involves 1.3 million… Continue Reading
Alibaba Group Holding Ltd. recently announced an impending investment of $692 million in a Chinese department store operator. The Chinese e-commerce empire is hoping to expand its reach to customers who prefer to shop in-store. The investment in Intime Retail Co. Ltd. will come in two parts. Alibaba will purchase $214 million in shares as… Continue Reading
According to recent reports, high demand and tight supplies of cocoa butter may increase the price of chocolate this holiday season. The Huffington Post explains that “Increased demand from Asia’s expanding middle class and a turnaround in sales in big consuming countries have seen butter prices nearly double to more than $7,000 a tonne from… Continue Reading
This Thursday marks the debut of the Annual Marine Money Geneva Forum. Scheduled for the 27th of June, the event will be held at the President Wilson Hotel in Geneva. The 2013 Marine Money Geneva Forum gathers leading international ship finance professionals from across the globe. Eagle Bulk Shipping Chairman and CEO Sophocles N. Zoullas… Continue Reading
Yesterday, the Hong Kong Venture Capital and Private Equity Association hosted the Asia Private Equity Forum 2013 in cooperation with the Asian Financial Forum. Hundreds of guests attended the event, including major financial firms and investment companies like Oasis Investments Limited and LGT Capital Partners, a company that develops strategies for private equity and hedge funds.… Continue Reading
Paul Holshouser, Finance Policy Manager at American Wind Energy, was recently added to the list of speakers at the 12th Annual Wind Power Finance & Investment Summit. Launched by Infocast, the event will take place in San Diego this coming June. Mr. Holshouser will speak on the first day of the summit, on June 6th.… Continue Reading
Many experts believe China’s economy is headed for a turnaround. Recent analyses of the country’s manufacturing activity show that this may in fact be true. This month saw an increase in the preliminary HSBC China Manufacturing Purchasing Managers Index, which reached 50.4 compared with a 49.5 reading in October. Fox Business explains that a reading… Continue Reading