Global

Carl-Henric Svanberg, chairman of BP to retire
Energy

Carl-Henric Svanberg, chairman of BP to retire

Carl-Henric Svanberg, the current chairman of British oil giant, BP has informed the company’s board of directors of his intention to retire as chairman. Mr Svanberg will chair the annual general meeting to be held in May 2018 and will remain in position until a successor is in post. Ian […]

Nippon Chemi-Con Corporation indicted for price fixing
Global

Nippon Chemi-Con Corporation indicted for price fixing

A federal grand jury returned an indictment against Nippon Chemi-Con Corporation, an electrolytic capacitor manufacturer for participating in a conspiracy to fix prices. Nippon Chemi-Con Corporation was accused of fixing prices for electrolytic capacitors sold to customers in the United States and elsewhere, the Department of Justice announced today. The […]

Nestle posts weaker turnover for nine months
Global

Nestle posts weaker turnover for nine months

Swiss foods company, Nestle said its turnover for the first nine months fell to CHF65,272 million compared to CHF65,514 million disclosed last year. Mark Schneider, Nestlé CEO said “Our sales results for the nine-month period are in line with our expectations communicated in July. Organic sales growth continued to benefit […]

CME Group, JPX launch TOPIX futures contract
Global

CME Group, JPX launch TOPIX futures contract

America’s CME Group and the Japan Exchange Group have launched Japanese Yen-denominated TOPIX- Tokyo Stock Price Index futures contracts to begin trading on CME Globex by Q1 2018, pending all relevant regulatory review periods. This new financially-settled TOPIX futures contract will be listed with and subject to the rules and […]

America’s Petrofac wins PMC contracts from PetroChina
Energy

America’s Petrofac wins PMC contracts from PetroChina

London-based Petrofac said it was awarded contracts valued at around USD30 million from PetroChina to undertake Project Management Consultancy (PMC) services for the Halfaya Contract Area (Halfaya) in southern Iraq. Petrofac said it will be Working in support of PetroChina International Iraq FZE (PetroChina), as the lead operator of Halfaya, […]