Business and Financial Engineering is fun but at the end of the day you need money with which to carry out your activities. Here we take a look at the news behind the wheeling and dealing that goes on in this industry. Business and financial engineering news really does make the world go round.
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Austrian companies from Styria, the Green Heart of Austria, travelled on a trade mission to China the last two weeks visiting Hong Zhou, Shanghai, Tianjin and Beijing to stimulate the region’s economy following the deepest recession since the 1930s.
Led by Dr Christian Buchmann, Minister for Economy, Innovation and Finance of the Styrian Provincial Government, the delegation of around 40 Styrian companies were positioning themselves for a piece of the economic pie. The high powered Engineers and industrialists were distinguished guests at the official opening of the Energy and Environment Museum at the Industry Park at Hangzhou, China on 1st November 2009. |
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Monday 9 November, 2009 12:55 PM |
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In a boost to Singapore's marine and offshore industry, Sembcorp Marine will develop the first integrated yard facility in Tuas, costing $750 million.
The new yard will transform the sector and position Singapore for continued global leadership in the industry. |
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Thursday 5 November, 2009 10:30 AM |
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VE Commercial Vehicles (VECV), a subsidiary company of Delhi-based Eicher Motors (EML) has signed a non-binding memorandum of understanding (MoU) with the Vinn Group of Sweden to explore business opportunities in the field of engineering design services.
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Thursday 5 November, 2009 08:18 AM |
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Ultimately, it was Andrew A. Fimiano’s discomfort that led to a transformational decision. The president and CEO of Southland Industries was squirming after enduring 45 minutes of relentless questioning from business consultant and “Good to Great” author Jim Collins.
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Tuesday 3 November, 2009 12:15 PM |
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THE fourth university here will be named the Singapore University of Technology and Design, or SU for short, and will take in the best and brightest students in the country and region when it opens in 2011.
It will start small, with a cohort of up to 500 undergraduates for the first three years, but this will gradually be increased until it reaches 4,000 undergraduates and 2,000 graduate students. |
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Monday 2 November, 2009 12:02 PM |
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Deutsche Messe Dubai Branch , organiser of CeMAT MIDDLE EAST, the world’s largest trade show profile for internal logistics and materials handling that debuts in Dubai in February 2010, has revealed that leading global business organisations and key government institutions have made strong commitments to support the trade show. Deutsche Messe Dubai Branch further pointed out that international investors have been particularly impressed with the UAE's efforts to establish itself as a global logistics hub with around USD 26 billion in investments being made to develop the country's air and sea infrastructure facilities
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Wednesday 28 October, 2009 08:24 AM |
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KUKA Systems offers North American solar manufacturers two world-class businesses in one: a major global supplier of advanced solar production technologies and a US-based integrator with demon-strated expertise in adapting those technologies for local use. KUKA Systems’ product lineup covers almost every aspect of photovoltaic manufacturing – from the most sophisticated wire saw machines for slicing ingots into wafers to robotic cells to perform every task associated with assembling and testing PV panels. KUKA Systems also is a major integrator of robotic and other automation technologies for automakers, solar manufacturers, aerospace and logistics companies and can design and install partial or complete turnkey manufacturing lines |
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Tuesday 27 October, 2009 02:30 PM |
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Traditional wisdom says that a business should target its closest customers first. A company that does well domestically should consider expanding operations overseas. In the past, when issues of transportation and communication were matters of great expense, this rule of thumb probably made some sense. In the modern global economy it certainly doesn't. |
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Friday 23 October, 2009 11:20 AM |
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Can Western countries be successful as manufacturers when confronted with the challenges of competing with countries such as China and India, to name just two.
Crosspointe, home to a unique, higher education partnership founded by the University of Virginia, Virginia Tech, the commonwealth of Virginia, Rolls-Royce Plc and others, has begun construction in Prince George County.
About 200 people attended the groundbreaking on Monday. Gov. Timothy M. Kaine called the start of construction good news in challenging economic times, according to a report in the Richmond Times-Dispatch. |
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Wednesday 21 October, 2009 03:15 PM |
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Downgrading of Shaw Group from Outperform to Neutral as the stock is near our $32 price target and uncertainty for the nuclear outlook has increased. The stock trades at 6.5 times forward Earnings Before Interest, Taxes, Depreciation and Amortization, in line with our price target valuation assumptions. Given the emerging uncertainty for Shaw's nuclear business, we believe multiple expansion is difficult to assume at this time. |
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Tuesday 20 October, 2009 08:13 AM |
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Harland and Wolff embarked on a diversification strategy seven years ago to exploit its skills and resources in markets beyond shipbuilding. Following a radical restructuring of the company, Harland and Wolff became known as Harland and Wolff Heavy Industries -- and the clue to its success is in the name. |
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Wednesday 14 October, 2009 09:50 AM |
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Budgets normally devoted to critical engineering and IT projects may have been significantly reduced or eliminated, but there is still a meaningful way to get products to market faster than the competition.
As companies continue to make cutbacks, engineers and designers are likely to have at least the same amount of work as they did before the recession began, but with fewer contributors to support their efforts. |
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Wednesday 14 October, 2009 07:49 AM |
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Defence Minister A K Antony begins a three-day visit to Moscow on October 13 to co-chair the India-Russia Inter Governmental Commission on Military Technical Cooperation. The visit, coming as it is, on the heels of President Pratibha Devisingh Patil's high-profile visit to Russia in September and ahead of Prime Minister Dr Manmohan Singh's [ Images ] proposed visit to Russia in December, is another important step in the bilateral relationship between the two countries.
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Tuesday 13 October, 2009 07:07 PM |
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The high-stakes battle over GE Aviation's engine for the military's Joint Strike Fighter jet revolves around cost and competition in the halls of Congress.
But at the jet-engine maker's Evendale headquarters, it's all about securing 1,000 jobs, gaining a piece of the Pentagon's last big aircraft program for the foreseeable future, and proving revolutionary materials that will play a key role in GE's next-generation of business jet engines. |
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Monday 12 October, 2009 05:37 PM |
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DETROIT and SICHUAN, Oct. 9, 2009 - General Motors (GM) and Sichuan Tengzhong
Heavy Industrial Machinery Co., Ltd (Tengzhong), today announced that the
companies have entered into a definitive agreement that will allow Tengzhong
to acquire GM's premium all-terrain HUMMER brand. |
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Monday 12 October, 2009 07:31 AM |
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Europort’s return to Rotterdam from 3 to 6 November will see professionals from across the commercial marine spectrum flocking to the maritime capital of Europe.
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Saturday 10 October, 2009 02:50 PM |
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Outsourcing manufacturing and product design to Asia has had an undeniably negative impact on the number of manufacturing jobs in the United States. But at least in the information technology industry, there is little evidence that outsourcing has slowed the rate of U.S. innovation or made the country less competitive. However, applying the lessons of IT to emerging industries where the U.S. has a weaker starting position — like electric vehicles — is another story.
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Saturday 10 October, 2009 12:48 PM |
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Innovate or perish is not just a platitude for Titan Industries. Over the years, it has become the unquestioned credo in the company’s corridors. After all, the company itself was bred from a strategy of radical diversification. In 1986, Tata Press was looking for ‘new things to do’ and Titan happened by ‘providence’. From there on the company changed the paradigm of watch and later jewellery retailing in India. The 22-year journey has only strengthened Titan’s belief in the power of radical thinking and a culture of innovation. “We have been a restless company, constantly exploring new ideas without the fear of failure,” says Bhaskar Bhat, MD, Titan
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Friday 9 October, 2009 10:20 AM |
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General Motors is said to be close to a deal to unload its Hummer brand to China’s Sichuan Tengzhong Heavy Industrial Machinery. GM said on Oct. 7 that it was nearing a deal and should have it done by the end of the year. The buyer needs approval from the Chinese government. If Sichuan Tengzhong buys it, good riddance. |
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Friday 9 October, 2009 07:37 AM |
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Read more...
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Coming on the heels of troubles in its 787 Dreamliner program , Boeing Co. said it would record a $1 billion charge on its 747-8 jet and delayed the jumbo plane's first flight until early next year.
Tuesday's moves come as the company tries to get both the revamped 747 and the Dreamliner programs on track after lengthy delays that have damaged Boeing's credibility. |
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Wednesday 7 October, 2009 12:22 PM |
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In their article "Restoring American Competitiveness," my colleagues Gary Pisano and Willy Shih assert that excessive outsourcing has undermined the competitiveness of the U.S. high tech sector. I disagree. The loss of some manufacturing in a high cost country such as the U.S. is inevitable and need not lead to a decline in competitiveness. Indeed, the future of U.S. competitiveness in high tech industries such as computers, software, communications, and electronics may depend more on the transition to services than trying to retain the country's manufacturing base. |
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Wednesday 7 October, 2009 12:48 AM |
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