Asia


Access to Finance Stalls UK’s Business Competitiveness Score

Problems with getting access to finance has been cited as one of the main reasons that Britain’s position in the list of ‘best countries to do business in’ has fallen this year.
The World Economic Forum’s annual global competitive index was released recently and it documents how various countries around the world fare in terms of [...]

GSK reaches agreement to divest Lucozade and Ribena for £1.35 billion

Issued: Monday 9 September 2013, London UK – LSE Announcement
GlaxoSmithKline (LSE:GSK) today announced it has reached agreement to sell its nutritional drinks brands Lucozade and Ribena to Suntory Beverage & Food Ltd (SBF), the Japanese consumer goods company, for £1.35 billion in cash.  It is expected that the transaction will be completed by the end [...]

Inventor seeks investors to help usher in new ice age that cuts carbon emissions

An Irish inventor has developed a product which can help large supermarket retailers cut carbon emmissions and save money.
Tom Glynn, 55,  from Galway Ireland, first spotted the opportunity when he noticed that the retail of ice, the type used to cool drinks at parties and celebrations, was a major problem for the €30m turnover [...]

Tencent sets up a fund to invest up to RMB 5 billion in innovative companies in China

Tencent announced the establishment of Tencent Collaboration Fund (the “Fund”) which aims to invest up to RMB 5 billion in innovative and top-notch Internet and related companies in China. The Fund will operate as an internal fund of Tencent and will be invested when appropriate opportunities arise.
The Fund is intended to provide capital support for [...]

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