German industrial gas supplier Linde said Monday it abandoned plans to merge with US competitor Praxair, a tie-up that would have created the world's biggest firm in the sector.
The company said in a statement today that the shareholders recommended terminating talks with Praxair Inc. on the merger. Chief executive Wolfgang Buechele and the rest of the supervisory board agreed…Read more
Russia's growing wheat production poses a threat to the future of Australia's 9 billion-U.S. dollar grain industry, a report has said.
The report, released by the Australian Export Grains Innovation Centre (AEGIC) from its Perth headquarters on Monday, said grain exports from Russia would grow a further 60 percent by 2030.
Ross Kingwell, the lead author of the report, said…Read more
Indonesia has entered an agreement with Myanmar to buy 300,000 tons of rice from the latter, more than half the amount of 500,000 tons that Myanmar reserves for export, according to the Myanmar Rice Federation Monday.
During the first four months of the current fiscal year of 2016-17, Myanmar exported 400,000 tons of rice to foreign countries, dropping by 200,000…Read more
Greek Prime Minister Alexis Tsipras on Saturday night urged investors to invest in his country which is recovering and moving to the period of growth.
He made the remarks when presenting his government's roadmap to the post-crisis future during a keynote speech at the opening of the 81st Thessaloniki International Fair (TIF), the country's largest annual trade fair held in…Read more
The 10th China-Latin America Business Summit will take place on Oct. 14-15 in Tangshan, a city in northeast Hebei province, visiting Chinese officials announced this week in Costa Rica's capital San Jose.
At the presentation on Friday, China's Ambassador to Costa Rica Song Yanbin underscored the importance of business leaders from both countries actively participating in the event.
The summit…Read more
Wheat farming has the potential to feed the rising population in Sub-Saharan Africa (SSA), a senior official with the global maize and wheat research institution said on Saturday.
Dr. Martin Kropff, the Director General of the International Maize and Wheat Improvement Center (CIMMYT), said wheat crop has the potential of forming major part of Africa's food transformation to self sufficiency.…Read more
Consumption services is the top industry attracting equity investment in China and is expected to dominate the financing market for many years to come, according to an industrial report.
The investment volume un the consumption services sector reached about 16.9 billion U.S. dollars through 395 deals in the first half of 2016, accounting for 71 percent of total investment during…Read more
Macedonia's gross domestic product (GDP) saw an increase of 2.2 percent in the second quarter of 2016, based on the data published Friday by Macedonia's statistical office.
The growth of GDP in the country was mainly driven by the construction sector, which contributed 31 percent, national statistical office said.
According to official data, construction was followed by the scientific and…Read more
Tsvetan Simeonov, president of the Bulgarian Chamber of Commerce and Industry (BCCI), said here on Friday that he was optimistic about the development of the country's economy.
The situation was not an easy one with the migrant crisis and the turbulence in neighboring countries, but the Bulgarian business had coped with those, Simeonov said at a press conference.
For him,…Read more
Protectionism is not a solution for tackling global steel woes, China's Ministry of Commerce (MOC) said on Friday following a decision by the United States to impose duties on Chinese steel products.
In a preliminary ruling on Sept. 7, the U.S. Commerce Department set an anti-subsidy duty rate of 210.5 percent for imported carbon alloy steel products from China.