News Article | April 22, 2017
FILE - In this April 1, 2016, photo, cars line up at at a gas station in Pyongyang, North Korea. Car users in Pyongyang are scrambling to fill up their tanks as gas stations limit services and close their gates amid concerns of a possible shortage. The cause of the restrictions or how long they might last were not immediately known. (AP Photo/Eric Talmadge, File) PYONGYANG, North Korea (AP) — Car users in Pyongyang are scrambling to fill up their tanks as gas stations begin limiting services or even closing amid concerns of a spreading shortage. A sign outside one station in the North Korean capital said Friday that sales were being restricted to diplomats or vehicles used by international organizations, while others were closed or turning away local residents. Lines at other stations were much longer than usual and prices appeared to be rising significantly. The cause of the restrictions or how long they might last were not immediately known. North Korea relies heavily on China for its fuel supply and Beijing has reportedly been tightening its enforcement of international sanctions aimed at getting Pyongyang to abandon its development of nuclear weapons and long-range missiles. The issue was raised at a regular Chinese Foreign Ministry news conference in Beijing on Friday after a Chinese media outlet, Global Times, reported gas stations were restricting service and charging higher prices. But spokesman Lu Kang gave an ambiguous response when asked if China was restricting fuel deliveries. "As for what kind of policy China is taking, I think you should listen to the authoritative remarks or statements of the Chinese government," he said, without elaborating on what those remarks or statements are. "For the remarks made by certain people or circulated online, it is up to you if you want to take them as references." One of China's top North Korea scholars, Kim Dong-jil, director of the Center for Korean Peninsula Studies of Peking University, said he had not heard of new restrictions on fuel to pressure Pyongyang, but said they are considered to be an option. China's Ministry of Commerce had no immediate comment. Gasoline was selling at $1.25 per kilogram at one station, up from the previous 70-80 cents. According to a sign outside a station where ordinary North Korean vehicles were being turned away, the restrictions took effect on Wednesday. Gasoline is sold in North Korea by the kilogram, roughly equivalent to a liter (0.26 gallon). When buying gas in North Korea, customers usually first purchase coupons at a cashier's booth for the amount of fuel they want. After filling up the tank, leftover coupons can be used on later visits until their expiration date. A common amount for the coupons is 15 kilograms (19.65 liters or 5.2 U.S. gallons). Supply is controlled by the state. The military, state ministries and priority projects have the best access. Several chains of gas stations are operated under different state-run enterprises — for example, Air Koryo, the national flagship airline, operates gas stations as well. Prices can vary from one station to another. Traffic in Pyongyang has gotten heavier than in past years, when visitors were often struck by the lack of cars on the capital's broad avenues. The greater number of cars, including swelling fleets of taxis, has been an indication of greater economic activity, as many are used for business purposes, such as transporting people or goods. Associated Press writer Christopher Bodeen in Beijing contributed to this report.
News Article | April 25, 2017
BANGKOK, April 25, 2017 /PRNewswire/ -- The Thailand Convention and Exhibition Bureau (TCEB) is returning the Spice Up Thailand campaign for the fourth consecutive year in 2017, adding new privileges for domestic business event travellers and targeting delegates from Asia, especially CLMV countries. TCEB launches Spice Up Thailand 2017 campaign with special privileges for MICE In collaboration with Visa International (Thailand), Tourism Authority of Thailand, Thai Airways, Thai Smile Airways and the Department of International Trade Promotion, Ministry of Commerce, TCEB is offering privileges such as discounts on hotel accommodation, car rental, airport transfers, restaurant dining and golf course green fees. TCEB will also run 'Plan More, Enjoy More' from May to July, 2017, allowing delegates to design their own trips and share their experiences through social media channels using the hashtags #PlanMoreEnjoyMore and #SpiceUpThailand. The participant who obtains the highest number of likes and shares will receive two international air tickets courtesy of Thai Airways. From April to December, delegates can access Spice Up Thailand privileges by registering and downloading the Spice Up Privilege Coupons via the campaign website www.spiceupthailand.com, or pick up the Spice Up Privilege Coupon Booklet at the registration counter. In the campaign's 2016 run, 46 business events by 16 organisers were registered and more than 43,000 coupons were redeemed. The five most popular products redeemed were restaurants, shopping, attractions, spas, and transportation. The top five nationalities participating were China, India, Singapore, Vietnam and the US. If you need any further information, please feel free to contact the campaign's public relations department: Thachasorn Asadathorn, Mobile: +6698-635-6365, Email: email@example.com For Further information on Spice Up Thailand 2017, please contact: Duangporn Permpoonrattanakul Tel: +662 354 3584 ext. 2015Porntira Chaokijka Tel: +662 354 3584 ext. 2016 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tceb-launches-spice-up-thailand-2017-campaign-with-special-privileges-for-mice-300445060.html
News Article | April 17, 2017
Organized by the Saudi Ministry of Health, the U.S.-Saudi Arabian Business Council (USSABC), and the Ministry of Commerce and Investment, and held in collaboration with GE (NYSE: GE), the conference is designed to provide a platform to senior business executives and government representatives, from both countries, to review specific commercial and investment opportunities and network with potential business partners. Specifically, the event will introduce U.S. healthcare manufacturers and service providers to opportunities in Saudi Arabia for sales, technical tie-ups, joint ventures and investments in Saudi Arabia's expanding healthcare market. The program will feature panel discussions with U.S. and Saudi company executives who are already successfully engaged in the Saudi market alongside Saudi Government experts from a wide variety of fields, and will present ample networking opportunities. H.E. Dr. Tawfig AlRabiah, Saudi Minister of Health, said: "Saudi Vision 2030 has given us a driving force to move forward with solid steps regarding the reforms needed to uplift the level of healthcare in the Kingdom. Key to these reforms are public private partnerships and global best practices. We are reaching out to foreign investors in this vital sector, and want to spearhead this initiative by coming into contact with as many key players as possible from the United States." H.E. Dr. Majid AlKassabi, Saudi Minister of Commerce & Investment added: "As a part of Vision 2030, the Kingdom is seeking to form and encourage partnerships with firms to raise the competitiveness and productivity across the healthcare industry. The Saudi Horizons Healthcare Conference will bring together the American and Saudi public and private sectors to explore Saudi Arabia's rapidly expanding and re-structuring healthcare market. These changes are creating lucrative and exciting opportunities for local and foreign investors alike." Emphasizing the importance of the event, Edward Burton, USSABC President and CEO said, "This is a unique opportunity to inform the American business community in the healthcare industry about the unprecedented market growth opportunities in this critically important sector within the Kingdom of Saudi Arabia. It will also provide unequaled access to the key government and private sector decision makers who are having high developmental impact on the direction of this industry." Confirmed Saudi high-level officials and executives to address the conference include H.E. Dr. Tawfig AlRabiah, Minister of Health; H.E. Dr. Majid AlKassabi, Minister of Commerce and Investment; H.E. Dr. Qasim Al Qasabi, CEO, King Faisal Specialist Hospital and Research Center; Dr. Hisham Al-Jadhey, CEO, Saudi Food and Drug Administration; Dr. Mahmoud Al-Yamany, CEO, King Fahad Medical City; and Fahad Al Rasheed, Managing Director and CEO, King Abdullah Economic City. Distinguished U.S. senior executives confirmed to speak at the conference include Mr. Jeffrey Immelt, Chairman and CEO, GE; Dr. Omar Ishrak, Chairman and CEO, Medtronic; Dr. Paul Rothman, CEO, Johns Hopkins Medicine; Dr. Marc Boom, President and CEO, Houston Methodist Hospital; and Mr. Dennis Kogod, CEO Emeritus, DaVita International. Saudi Arabia has allocated $32 billion for healthcare and social spending in its 2017 budget, an increase of nearly $5 billion over 2016 and a significantly larger budget than any other country in the Gulf Cooperation Council (GCC) region. In addition, demand for healthcare services in Saudi Arabia is projected to increase by 25 percent through 2025 with expenditure in the sector growing at an annual rate of 10 percent. Over the next five years, Saudi Arabia is expected to spend $180 billion on healthcare: an additional $100 billion on healthcare service provision, $54 billion on pharmaceuticals, and $14 billion on medical products. For media interested in attending and covering the Conference, please contact: Jay Ennis Director, Communications and Information Services U.S.-Saudi Arabian Business Council Tel.: 703-962-9300 Email: firstname.lastname@example.org The U.S.-Saudi Arabian Business Council (USSABC) was established in December 1993 to improve the mutual knowledge and understanding between the private sectors of the U.S and Saudi Arabia and to promote and facilitate increased trade and investment between the two countries. The USSABC has built a membership base of approximately 350 leading companies in the U.S. and Saudi Arabia and serves as the central source of information and assistance for companies that want to pursue specific business activities in Saudi Arabia. The USSABC organizes conferences and seminars in both countries to promote dialogue between the two private sectors, as well as trade and investment missions that provide networking opportunities for U.S. and Saudi companies. For more information on the Business Council, please visit www.us-sabc.org. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/saudi-arabia-seeking-us-partners-unprecedented-partnership-opportunities-to-be-unveiled-at-saudi-healthcare-conference-in-boston-300440388.html
News Article | April 11, 2017
In the run-up to the 2017 Spring Festival holidays, online retailer JD.com Inc saw its sales of imported US lobsters surge. The tasty crustaceans have become vogue in China over the last few years. China imported $108 million worth of lobsters from the US in 2016. The lobster trade shows just how interconnected the two countries’ economies have become at a time when trade tensions are flaring. Still, experts said a trade war remains unlikely because the two economies depend heavily on one another. China surpassed Canada to become the US’ largest trading partner in 2015, according to media reports. Dumplings, pork, beef and chicken have usually been the traditional festival dishes in Zhang Yuan’s home, but the 31-year-old brought a bit of exoticism to the table for the Chinese lunar new year in 2017 – lobsters from the US. In early January, the white-collar worker in Shijiazhuang, capital of North China’s Hebei Province, bought six live Maine lobsters from JD.com Inc, China’s second-largest online retailer by sales. “I was surprised that I could get fresh Western seafood the day after I ordered it,” Zhang told the Global Times on Saturday. Maine lobsters are native to the Atlantic coast of North America. The species, which can grow up to 64 centimeters long, is sometimes called the king of crustaceans. Yet, Zhang didn’t consider the lobsters expensive on jd.com, where they sold for 325 yuan ($47.1) a kilogram. It was the first time Zhang bought lobsters from the US, but she didn’t think it would be the last. Besides being affordable and delicious, the lobsters turn a deep red when boiled, which makes for a nice trapping for holidays and celebrations, she said. Plus, they were a hit at her family’s lunar new year dinner. “My entire family raved about them,” Zhang noted, beaming with pride. It turns out that the Zhang family was far from the only Chinese family to buy fresh food from the US before the lunar new year. “In the month leading up to this year’s Spring Festival, sales of fresh produce from the US increased eightfold versus a year ago, with sales of American lobsters up over fifteenfold,” Josh Gartner, a spokesman of jd.com, said in an e-mail to the Global Times on Wednesday. From US nets to Chinese doorsteps It appears that most Chinese consumers had never heard of Maine lobsters before 2010, when China imported about $7.4 million worth of the clawed crustacean, according to an Associated Press report in late March this year. As China’s middle class has developed more cosmopolitan tastes, the demand for lobsters from the US has grown, said a Shanghai-based businessman surnamed Xia, who has been selling imported lobsters from the US both online and at his own stores in the city for the last four years. Xia told the Global Times on Thursday that his lobster sales have been rising 10 percent to 20 percent a year. In January, Chinese importers like Xia bought 777 metric tons of live whole lobster from the US, worth $14.1 million – up 281 percent year-on-year, according to a report released on Saturday by Norway-based seafood information provider IntraFish. Affordable prices and improved logistics were also responsible for US lobsters’ rapid entry into the Chinese market. It takes less than 72 hours by air to deliver a live Maine lobster from fisherman’s net to Shanghai doorstep, Xia said. Businessmen like Xia have certainly benefited from the rising Chinese demand for American products, but so has the lobster industry in Maine, one of the largest aquaculture states in the US. The Chinese market has been vital to the revival of Maine’s lobster industry, which took a hit from fall prices in 2012 amid a supply glut, the Washington Post reported in 2016. It produces more than 45 million kilograms of lobsters each year, the most in the US, according to a press release issued in late March by the Maine In-tern at ion al Trade Center (MITC). Jeff Bennett, senior trade specialist with the MITC, said Maine has opened an office in Shanghai to chase more Chinese investment, the Xinhua News Agency reported on Wednesday. The lobster industry demonstrates that the US and China have a lot of mutual economic interests, which suggests the two government ought to pursue a policy of cooperation, said Wang Jun, a senior economist at the Beijing-based China Center for International Economic Exchanges. Trade between China and the US hit $519.6 billion in 2016, according to data from China’s Ministry of Commerce. By the end of 2016, mutual in-vestment surpassed $170 billion. China surpassed Canada to become the US’ largest trading partner in 2015, according to media reports. It was inevitable that there would be some friction over trade between the two countries, given that Trump has been complaining about the US’ trade deficit with China, Wang said. Still, neither Wang nor businessman Xia sees the situation degenerating into a trade war. “China-US trade is highly complementary, so the two countries’ governments will work hard in their discussions to settle their disputes and avoid a trade war,” Wang told the Global Times on Sunday. During a meeting Thursday and Friday with US President Donald Trump in Florida, Chinese President Xi Jinping urged cooperation on trade and investment, and the two sides engaged in a comprehensive dialogue, according to Xinhua. Chinese and US officials involved in the dialogue said China is willing to rescind a ban on US beef imports and purchase more US agricultural products, the Financial Times reported on Monday. Importing more agricultural products would help meet the needs of China’s growing middle class. “It is this new consumer class that will change China’s trade patterns with the rest of the world,” Wang said. “It is also likely to help reduce the US’ trade deficit with China.” Driven by strong domestic demand for overseas products, China reported a rare trade deficit in February – amounting to $9.15 billion – its first monthly trade deficit since 2014, according to the latest official customs data. For the first two months of 2017, imports from the US jumped 41 percent year-on-year, while exports rose at an annual rate of 11.5 percent. The US’ politically sensitive trade deficit with China narrowed to $23 billion, down 26.6 percent from the January, according to data from the US Department of Commerce. As China pushes ahead with supply-side structural reforms and maintains sound development momentum, China-US trade and economic cooperation will enjoy bright prospects, Xi was quoted by Xinhua as saying during the meeting with Trump in the US.
News Article | February 15, 2017
BEIJING--(BUSINESS WIRE)--cippe 2017 (the 17th China International Petroleum & Petrochemical Technology and Equipment Exhibition) will be held on March 20-22, 2017 at New China International Exhibition Center in Beijing. With an exhibition area of 100,000m2, the event will gather around 2,000 exhibitors from 65 countries and regions, including 50 Fortune Global 500 companies and 18 international pavilions, to display the latest cutting-edge petrochemical and equipment technologies and products. cippe is an approved member of the Global Association of the Exhibition Industry (UFI) and enjoys the support of China’s Ministry of Commerce. This year as the petroleum industry is setting to revive, cippe will present a more professional, valuable and wonderful event for the industry players. In 2017, apart from the existing Oil Exploration & Development, Offshore Oil & Gas, Offshore Engineering, Oil & Gas Pipeline, Shale Gas, Natural Gas and Explosion-proof Equipment zones, the event will add professional exhibition zones for more market segments, including Valves, Fire Control, Oilfield & Land Conservation, in a bid to build a more precise and professional matching platform for buyers. So far, companies that have confirmed to attend include Caterpillar, NOV, Schlumberger, GE, Honeywell, DOW Chemical, Rockwell, Transneft, Rosneft, Akzo, API, 3M, E+H, MTU, Hempel, CNPC, Sinopec, CNOOC, CSSC, CSIC, CASC, Jereh, Kerui, RG Petro-Machinery, Sany Heavy Industry, Northern Heavy Industries Group, CITIC Pacific, HBP, Jerrywon, LandOcean Energy, Anton Oilfield, Shanghai Shenkai, Tiehu Petromachinery, Tidfore, CNOOC, DS Group and Warom Technology. Building professional forums to help insiders look into the future cippe 2017 will continue to hold the 9th International Petroleum Summit highlighting low-cost development, which will analyze industry prospects and policies to come up with feasible practices and technologies. Multiple other technology seminars and symposiums will be held concurrently. During cippe 2017, the organizer Zhenwei Expo will partner with Xi'an Shiyou University and Shanxi Petroleum Society to hold the 2017 International Petroleum & Petrochemical Technology Conference, covering the full industry chain including offshore petroleum exploration, drilling and producing engineering, oil & gas storage and transportation, etc. Besides, cippe will launch the Middle East session by cooperating with Petroleum Association of Middle East (PAME) and Business Gateways International. LLC., (BGI) of Oman. While BGI Oman will introduce in details about its Joint Supplier Registration System (JSRS) to facilitate Chinese petroleum companies to enter Omanis market, PAME will elaborate on the opportunities, challenges and strategies in the Middle Eastern market. cippe 2017 will attract over 100 buyer and visitor delegations comprised of government institutions, industry associations and companies. Rosneft, Gazprom, Transneft, Saudi Aramco, Statoil, NIOC, INOC, Qatargas, Saudi Aramco, Emirates National Oil, Petronas, KNPC, PDVSA, EVOLEN, PAME, DNV, and other industry associations from the Netherlands, India and France.
News Article | February 22, 2017
SAN DIEGO, Feb. 22, 2017 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in Utah for certain purchasers of shares of USANA Health Sciences, Inc. (NYSE:USNA) over alleged Securities Laws Violations by USANA Health Sciences, Inc. Investors, who purchased shares of USANA Health Sciences, Inc. (NYSE:USNA) in March 2014 or earlier and currently hold any of those NYSE: USNA shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554. On August 16, 2010, USANA Health Sciences, Inc. announced that it had acquired BabyCare Ltd., a China-based manufacturing company that develops and sells nutritional products primarily for infants. Over the next six years, USANA Health Sciences, Inc. steadily expanded BabyCare Ltd.’s market presence in China. In February 2013, the Company announced that it had received official government approval from the Ministry of Commerce People’s Republic of China for direct selling activities in the provinces of Jiangsu and Shaanxi, and the municipality of Tianjin. In May 2016, USANA Health Sciences, Inc. announced Ministry of Commerce People’s Republic of China approval for direct selling activities in the provinces of Liaoning, Shandong, Shanxi, Sichuan, and Guangdong, as well as the municipalities of Dalian, Qingdao, and Shenzhen. The plaintiff claims that the defendants made false and/or misleading statements and/or failed to disclose that the Company’s BabyCare subsidiary had engaged in improper reimbursement practices in China, that these practices constituted violations of the Foreign Corrupt Practices Act (“FCPA”), that as such, the Company’s China revenues were in part the product of unlawful conduct and unlikely to be sustainable, that the foregoing conduct, when it became known, was likely to subject the Company to significant regulatory scrutiny, and that as a result of the foregoing, USANA Health Sciences’ public statements were materially false and misleading at all relevant times. On February 7, 2017, USANA Health Sciences, Inc. disclosed that "[t]he Company is voluntarily conducting an internal investigation of its China operations, BabyCare Ltd. . . . focus[ing] on the compliance with the Foreign Corrupt Practices Act . . . and certain conduct and policies at BabyCare, including BabyCare's expense reimbursement policies." Those who purchased shares of USANA Health Sciences, Inc. (NYSE:USNA) in March 2014 or earlier and currently hold any of those NYSE: USNA shares should contact the Shareholders Foundation, Inc. The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
News Article | February 23, 2017
SHANGHAI, Feb. 23, 2017 /PRNewswire/ -- CNH Industrial (NYSE: CNHI / MI: CNHI) was invited to participate in the fourth edition of the China-Italy Business Forum held yesterday, February 22, at the Great Hall of the People in Beijing, China. This year's Forum saw the presence Sergio Mattarella, the President of Italy, who made an address. Also in attendance were many high-ranking officials from both countries, including the Italian Undersecretary of Economic Development Ivan Scalfarotto and his Chinese Counterpart, Zhou Xiaoyan General Director of MOFCOM, Ministry of Commerce of the People's Republic of China." Established in January 2014, this year's Forum served as an opportunity for a number of meetings between companies from both countries to discuss potential opportunities in various markets, from infrastructure, agriculture, green technology to sustainable urban development. As a major industrial player in both markets, and newly appointed member of the Forum's Executive Council, CNH Industrial, represented by Michele Lombardi, Head of Iveco for Asia Pacific & President of Iveco China, took the opportunity to discuss the importance of the growing relationship between CNH Industrial and China which is playing an increasingly important role, with great market potential. CNH Industrial was one of the first foreign manufacturing companies to enter China, with its Case IH and Iveco Brands, and this country has always been an important part of the Company's global strategy. Case IH entered the market at the beginning of the last century when the first tractors were imported to China, and Iveco was the first foreign commercial vehicle manufacturer to enter the Chinese market in the 1980s. CNH Industrial continues to develop its presence and expertise in China through projects focusing on innovative technology and reinforcing its market leading positions in the agricultural sector with its Case IH and New Holland Agriculture brands and in the construction sector with Case Construction Equipment. This is coupled with its pioneering global role as sustainable transport provider with Iveco commercial vehicles and FPT Industrial fuel-efficient engines, including a wide range of natural gas powered solutions. The Company remains committed to its contributions to China's economy through the further development of its joint ventures and increase in productivity at its manufacturing plants. The Company aims to transport its success and sustainability into the Chinese market through a number of projects including localization of investments in the development of advanced equipment, the promotion of alternative fuels and the development of sustainable mobility. CNH Industrial is present in China with its Case IH, Case Construction Equipment, New Holland Agriculture, Iveco and FPT Industrial brands across seven plants, six R&D centers, including joint ventures, and some 11,000 employees. CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com
News Article | February 23, 2017
SHANGHAI, Feb. 23, 2017 /PRNewswire/ -- CNH Industrial (NYSE: CNHI / MI: CNHI) was invited to participate in the fourth edition of the China-Italy Business Forum held yesterday, February 22, at the Great Hall of the People in Beijing, China. This year's Forum saw the presence of Xi Jinping, President of the People's Republic of China, and Sergio Mattarella, the President of Italy, who both made addresses. Also in attendance were many high-ranking officials from both countries, including the Italian Undersecretary of Economic Development Ivan Scalfarotto and his Chinese Counterpart, Zhou Xiaoyan General Director of MOFCOM, Ministry of Commerce of the People's Republic of China. Established in January 2014, this year's Forum served as an opportunity for a number of meetings between companies from both countries to discuss potential opportunities in various markets, from infrastructure, agriculture, green technology to sustainable urban development. As a major industrial player in both markets, and newly appointed member of the Forum's Executive Council, CNH Industrial, represented by Michele Lombardi, Head of Iveco for Asia Pacific & President of Iveco China, took the opportunity to discuss the importance of the growing relationship between CNH Industrial and China which is playing an increasingly important role, with great market potential. CNH Industrial was one of the first foreign manufacturing companies to enter China, with its Case IH and Iveco Brands, and this country has always been an important part of the Company's global strategy. Case IH entered the market at the beginning of the last century when the first tractors were imported to China, and Iveco was the first foreign commercial vehicle manufacturer to enter the Chinese market in the 1980s. CNH Industrial continues to develop its presence and expertise in China through projects focusing on innovative technology and reinforcing its market leading positions in the agricultural sector with its Case IH and New Holland Agriculture brands and in the construction sector with Case Construction Equipment. This is coupled with its pioneering global role as sustainable transport provider with Iveco commercial vehicles and FPT Industrial fuel-efficient engines, including a wide range of natural gas powered solutions. The Company remains committed to its contributions to China's economy through the further development of its joint ventures and increase in productivity at its manufacturing plants. The Company aims to transport its success and sustainability into the Chinese market through a number of projects including localization of investments in the development of advanced equipment, the promotion of alternative fuels and the development of sustainable mobility. CNH Industrial is present in China with its Case IH, Case Construction Equipment, New Holland Agriculture, Iveco and FPT Industrial brands across seven plants, six R&D centers, including joint ventures, and some 11,000 employees. CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com
News Article | February 20, 2017
Den 27 april 2016 offentliggjorde HNA Tourism Group Co, Ltd. ("HNA Tourism Group") och Carlson Hospitality Group, Inc. ("Carlson Hospitality Group") att de ingått ett avtal gällande HNA Tourism Groups förvärv ("Förvärvet") av Carlson Hotels, Inc. ("Carlson Hotels"). I Förvärvet ingick 87 522 187 aktier i Rezidor som ägdes av Carlson Hotels, motsvarande 51,3% av utestående aktier och röster i Rezidor. Förvärvet fullbordades den 7 december 2016, vilket därmed medförde en skyldighet för HNA Tourism Group att lämna ett budpliktsbud avseende resterande utestående aktier i Rezidor. "För att finansiera budpliktsbudet, vilket för HNA utgör en utlandstransaktion, samt för att föra ut pengarna från Kina, krävs myndighetstillstånd från National Development and Reform Commission of the People's Republic of China ("NDRC") och Ministry of Commerce of the People's Republic of China ("MOFCOM"). Vidare måste HNA hos State Administration of Foreign Exchange ("SAFE") registrera det belopp som ska föras ut.
News Article | February 20, 2017
A view of the test-fire of Pukguksong-2 guided by North Korean leader Kim Jong Un on the spot, in this undated photo released by North Korea's Korean Central News Agency (KCNA) in Pyongyang February 13, 2017. KCNA/Handout via Reuters WASHINGTON (Reuters) - Washington urged Beijing to keep pressure on North Korea to return to talks aimed at preventing Pyongyang from making further advances in its weapons program in violation of U.N. resolutions. China's Commerce Ministry said on Saturday that it would suspend all imports of coal from North Korea starting Feb. 19. The announcement came as part of Beijing's efforts to implement international sanctions against the country. Earlier this month, Pyongyang tested an intermediate-range ballistic missile, its first direct challenge to the international community since U.S. President Donald Trump took office on Jan. 20. President Trump's administration has said that China should do more to pressure Pyongyang. "All countries should fully and transparently implement all relevant UN Security Council Resolutions on the DPRK," a State Department spokesperson said, referring to North Korea. "We continue to urge China to exert its unique leverage as North Korea's largest trading partner to convince Pyongyang to return to serious talks on denuclearization." China's Ministry of Commerce has said its ban on coal imports from North Korea would be effective until Dec. 31. China announced in April last year that it would ban North Korean coal imports to comply with sanctions imposed by the United Nations and aimed at starving the country of funds for its nuclear and ballistic missile programs. But it made exceptions for deliveries intended for "the people's well-being" and not connected to the nuclear or missile programs.