Industrials

Johnson Controls International Plc said it will sell its power solutions business, which makes car batteries, to investment firm Brookfield Business Partners LP, in a cash deal valued at US$13.2 billion. Shares of Johnson Controls were...

More than 70 percent of US firms operating in southern China are considering delaying further investment there and moving some or all of their manufacturing to other countries as the trade war bites into profits, Reuters...

China has asked the World Trade Organization (WTO) to establish an expert group to determine the legality of tariffs imposed by the United States on steel and aluminum, Reuters reports. China’s commerce ministry was quoted as...

Chinese conglomerate HNA Group has put up for sale property assets worth at least US$11 billion, according to documents seen by Reuters, accelerating a push to cut its large debt and restructure. Two sets of documents...

European regulators are set to exercise their new powers by handing out fines and even temporary bans on companies that breach a new EU privacy law, with the first round of sanctions expected by the end...

The first of October is the China’s national day. In the United States, it may as well be executive retirement day for several big companies. Three big corporates announced the replacement of their heads, and their shares subsequently...

General Electric Co. ousted chief executive John Flannery in a surprise move, replacing him with outsider and board member Larry Culp, Reuters reports. The struggling energy, health and transportation conglomerate also said it would take a...

The US Air Force said it has selected Boeing Co. to build its next training jet in a contract worth up to US$9.2 billion over the life of the program, Reuters reports. Boeing teamed up with...

China has hiked tariffs on US imported vehicles but simultaneously lowered tariffs on automobiles from other countries alongside promoting foreign ownership in the industry. We think this is a response to the intensifying trade dispute and...

A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of US President Donald Trump’s...

Heineken NV has struck a US$3.1 billion partnership with a company that controls China’s largest brewer, China Resources Beer Co. Ltd. (00291.HK), Reuters reports. The deal will see Heineken, the world’s No. 2 brewer, take a...

In 2012, Germany launched the concept of “Industry 4.0″ in its manufacturing sector. Three years later, China implemented a similar initiative, dubbed “Made in China 2025″ plan, to modernize the country’s manufacturing through technological upgrades, and...

In April this year, a delegation led by Zhanjiang City Mayor Jiang Jianjun visited the headquarters of BASF in Ludwigshafen, Germany. He was blown away by what he saw. Its “Verbund” site is the largest industrial...

China’s HNA Group said Wang Jian, a chairman and co-founder, died during a business trip to France on Tuesday after a serious injury caused by a fall, Reuters reports. HNA, one of China’s most acquisitive conglomerates...

Chinese-owned Volvo Cars opened a new auto factory in South Carolina on Wednesday as company executives warned that the US-China trade dispute could undermine plans to create up to 4,000 more auto jobs in the heavily...

General Electric Co. has lost its spot in the Dow Jones Industrial Average after over a century in the blue-chip stock index, a new blow to a company that once towered over the American business landscape...

How much do you know about Industry 4.0? Is it about automated factories where robots do the work? Well, not quite. Without data collection and analysis, such a system cannot be called Industry 4.0. At the...

General Electric Co. is nearing a deal to merge its transportation business with Wabtec Corp, a US maker of equipment for the rail industry, Reuters reports, citing sources familiar with the matter. A deal valuing the...

Xerox Corp announced that it is ending a planned US$6.1 billion deal with Japan’s Fujifilm and that it has reached a settlement with activist investors Carl Icahn and Darwin Deason. The company also said in a...

Li Ka-shing, Hong Kong’s richest man, on Friday announced that he will step down as chairman of his business empire later this year but stay on as a senior adviser. He will be succeeded by his eldest...