As the Chinese food commodities trader COFCO restructures its Nidera Sementes Ltda business following accounting irregularities reported last year, it is overhauling its operations in Brazil, including a management reshuffle, reported Reuters quoting company documents and sources. Including a $200 million in unauthorized trading losses on its biofuels desk and a $150 million financial hole…
After a long week at work, the perfect way to unwind is a nice, cold beer – perhaps with a bag of nuts or some potato chips, for many. But with people becoming more health conscious and starting to drink less, tut tastes are changing. For example, roughly 10.6 million people or 20.9 percent of…
Kik aims to be the first social media app with its own crypto currency. Kik Interactive, the creator of the chat platform Kik, has disclosed it will be launching a crypto-currency, Kin, that would enable customers to use a range of digital services. Founded in 2009, Kik is a free chat and messaging app built…
China’s Lenovo Group Ltd said that the rising component prices could pressure its bottom line this year as supply shortages extend to batteries even as the company, the world’s largest personal computer (PC) maker, reported a return to profit on Thursday. By just missing analyst estimates, profit reached $535 million in the year to March…
More success at enticing global investors the second time around is being experienced by tech entrepreneurs in central and southeastern European, many of whom already have experience of launching their own businesses. Failing to rank among Europe’s top dozen countries for investment and lagging western and northern European countries, as well as decades-old tech hub…
An analysis of their expenses show, despite similar spending patterns, GM’s resource management and financial planning strategy has resulted in the company releasing far more new and redesigned vehicles than Ford. Although James Hackett spent the whole of last year strategizing on Ford Motor Co’s long-term self-driving car strategy, in his first week as the…
The project will compete with SpaceX and Blue Origin to launch small satellites into orbit. The market for reusable launch vehicles just got hotter. The U.S. Defense Advanced Research Projects Agency (DARPA) has stated it will be investing up to $146 million in an alliance with Boeing in order to build an experimental spaceplane that…
Andy Maguire has discovered that customers are twice as likely to trust a robot for heart surgery than for picking a savings account as he faces a challenge while he is tasked with upgrading HSBC Holdings Plc’s digital-banking systems. “I do find it slightly odd,” said the chief operating officer of Europe’s largest bank, referring to…
There is a boom in China in so-called pet wearables, like smart collars, leashes and feeders and electronic device makers such as Hong Kong-listed SUGA and other start-ups are looking to cash-in on this boom. Gaining popularity again among the country’s growing middle class is pet ownership which was once denounced as a decadent and…
Tech companies who were seen doing the victory round will have to better study the judgement to see its legal implications. Although many companies are buoyed by a ruling from the U.S. Supreme Court which set a limit on where they can be sued for patent infringement, a few intellectual property lawyers opine that due…
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