Cargill expands its global poultry business in Colombia with acquisition of CAMPOLLO
Acquisition will grow Cargill's Colombian poultry operations to better serve its Latin American customers, welcoming more than 2,500 new employeesCargill has acquired Colombian-based CAMPOLLO, one of the country's leading producers of chicken and protein...
SAP plays down margin fears, prioritises growth: CFO
Faster than expected growth in its cloud business has pressured margins at German business software company SAP, but for Chief Financial Officer Luka Mucic that's a good problem to have.Operating margins expanded by only...
Alibaba looks to take this year’s $25 billion mega sales event international
Alibaba on Friday kicked off the festival for its annual massive shopping event.
The sale day, widely known as "Singles Day," takes place on Nov. 11 and Alibaba is hoping its "New Retail"...
Nike is in the midst of a technological revolution
Nike (NKE) will continue to race ahead in the sneaker space as it aggressively expands its digital presence, according to Oppenheimer.“In our view, Nike represents an already dominant, legacy global brand that is now...
Saudi Aramco Pulls The Trigger On $25 Billion Megaproject
Saudi Aramco signed on Thursday an agreement to invest in a 400,000-bpd refinery and associated petrochemical plants in eastern China as part of Saudi Arabia’s push to expand its downstream business and secure additional markets for...
Facebook can potentially be fined up to $1.63 billion in Europe
New Wall Street Journal report states that regulators are considering imposing a billion dollar-plus fine on the social media giant over its latest data breachThe latest data breach was reported to have exposed the...
British Airways allegedly deplaned Indian family for crying child
The father has written to Aviation Minister Suresh Prabhu, and British Airways too has assured the family it will launch a probe into the matter.An Indian couple on board the British Airways flight from...
CapitaLand to step up asset sales despite $3.1b in divestments in H1
The move is expected to boost ROE.CapitaLand is expected to continue capital recycling opportunities in the second half of the year despite already posting a whopping $3.1b in divestments in H1, according to OCBC...
Samsung Steps Up Investment for Future Growth, Takes Initiative to Build Innovation Ecosystem
Total investments to reach KRW 180 trillion, direct employment of 40,000 over next 3 yearsSamsung announced plans to boost investments in businesses that will drive its future growth, committing to a KRW 25 trillion...
Aramco, Petronas tap banks for jumbo financing
Saudi Aramco and Petronas have approached banks to replace a short-term US$8bil loan raised earlier this year for a joint venture with long-term financing of approximately the same size, banking sources familiar with the...
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