*Aimed at helping to boost security of China food supply. BASEL, Switzerland, Feb 3- China made its boldest overseas takeover move yet when state-owned ChemChina agreed a $43 billion bid for Swiss seeds and pesticides group Syngenta on Wednesday. China is looking for ways to secure security of food supply for its population and the Syngenta deal will give it...» Read More
LONDON, Sept 23- One morning in May, the chief executive of Royal Bank of Scotland, one of Britain's biggest banks, called together his senior executives for an urgent briefing. Ross McEwan had just attended a meeting with officials at the financial regulator and had important news. For three years, the bank has vigorously denied the allegations about its Global...
BEIJING, Sept 17- China's outbound direct investment is expected to surpass $1 trillion for the first time in 2015, as slowing economic growth and rising internationalisation of Chinese business see more local companies investing overseas. China's slowing economy and market volatility is driving domestic firms to acquire foreign brands and technology,...
FRANKFURT, Sept 15- German auto parts and tyre maker Continental could do a takeover deal worth 2- 3 billion euros in the next 1-2 years, Chief Executive Elmar Degenhart said. If an appropriate target in the non-automotive sector emerges and the purchase price as well as the timing is right, then a major acquisition is possible, Degenhart said on Tuesday in an...
BERLIN, Aug 14- German economic growth accelerated in the second quarter of 2015 but by less than expected, with foreign trade acting as a support and domestic investment braking growth, the Federal Statistics Office said on Friday. Business confidence improved in July after two monthly drops as an agreement between Greece and its creditors for talks on a third...
Bad news has been a boon for Malaysia's rubber glove makers, with the ringgit's drop and South Korea's MERS outbreak likely to provide a twin boost.
Fears that Russia's economic downturn will ravage European multinationals may have been overstated in some cases, with companies that sell beer and soap defying expectations.
Shares of Malaysia's latex glove makers have had a tough year so far, but some analysts expect panic over Africa's Ebola outbreak may spur gains.
Wolfgang Schaefer, CFO at Continental AG, comments on the company's results and outlook, and discusses the impact the strong euro has had on the group's profitability.
Jean-Dominique Sénard, CEO of Michelin, comments on the group's Russian operations and says Europe needs to be more competitive to deal with moves in the euro currency.
Elmar Degenhart, Continental CEO, says the group is optimistic on North America and Asia but expects currency headwinds to remain strong in 2014.
Marc Henry, CEO of Michelin, comments on the group's results which were boosted by a pick-up in demand in U.S. and Europe but suffered from currency headwinds.
Pete Selleck, chairman and president of Michelin North America, explains why the group has decided to open its ninth plant in South Carolina and its strategy behind new facilities.
Wolfgang Schafer, Continental's CFO, discusses the impact the strong euro had on the group's results and says the European car market is stabilizing, albeit "on low volumes."
The CEO of Pirelli, Marco Tronchetti Provera, said that Europe needed a "common policy" to boost its economy.
Marco Tronchetti Provera, chairman at Pirelli Group, comments on the group's performance and says it has "all the tools to deliver," including new products and efficiency measures.
Christopher Chan, President Director of Southeast Asia's largest tire maker, Gajah Tunggal, speaks about the impact of a potential TPP deal on its business in Indonesia.
Europe remains difficult terrain, according to Pirelli, with the company focussed on the premium sector.
Marco Tronchetti Provera, chairman of Pirelli, tells CNBC that they are seeing small signs of recovery in Europe, especially in the premium sector.
After decades of pursuing trade with western Europe, Finland is becoming dependent on Russia again as that country's burgeoning middle class and wealthy investors provide opportunities for growth lacking in recession-hit Europe.
The world's biggest tire maker Bridgestone reported its earnings today, setting a record profit for the first half. Sachiko Kishida reportd