Category: World

Automakers Toyota, Mazda to Invest $1.6 Billion to Build US Plant

Justin Sullivan, Getty Images The deepening ties between Toyota and Mazda also are driven in part by the enormous costs automakers are facing to develop connected, self-driving and battery-powered vehicles. Toyota Motor Corp. and Mazda Motor Corp. have agreed to buy stakes in each other and jointly build a $1.6 billion U.S. factory, as carmakers…

China to Spend $1.5 Trillion Buying Companies Abroad

Government policies encouraging Chinese companies to invest in manufacturing capabilities, particularly for advanced technology, and international trade will help maintain deal flow. Even as regulators at home and abroad block deals, Chinese acquirers will spend $1.5 trillion buying companies abroad in the next decade, 70%more than the previous 10 years, Linklaters LLP said in a…

FLNG arrives in Australia – a new era for the LNG industry

 Shell floating LNG facility Shell Australia today confirmed that its Prelude floating liquefied natural gas (FLNG) facility has arrived in Australian waters.   Prelude is the first deployment of Shell’s FLNG technology, that will see a 488 metre long floating facility extracting and liquefying gas at sea, before it is exported to customers around the…

India’s economy will stay ahead of China’s for nearly another decade, says a Harvard study 

The boom in the Indian economy is here to stay—at least for nearly a decade.   While its GDP is estimated to grow at 7.72% till 2025, China’s will lag at 4.41%, a Harvard study says.   “The economic pole of global growth has moved over the past few years from China to neighbouring India,…