Volkswagen invests 2 billion euros in Chinese electric vehicle sector

Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it "the world's biggest market".

Volkswagen Pumps $2.2 Billion Into China EV Operations, Expands Cooperation With Ford

Earlier this month, Volkswagen announced it was rethinking its plan to use its SEAT brand to spearhead its electric vehicle efforts in China. It wasn't exactly clear at that time what the company's Plan B was. Certainly it was not abandoning its China plans, was it? This week, that question has been answered. The company

Stocks recover after Trump's announcement on Hong Kong

May 29 (UPI) -- President Donald Trump's planned news conference on China shook up stocks early Friday, but the major indexes mostly recovered by the end the day after his announcement revealed no changes to trade with Beijing.

Magic Leap is looking for a new CEO as founder Rony Abovitz is stepping down

Abovitz said in a message on the company’s website that after securing “significant” new funding and pivoting to focus on delivering a spatial computing platform for enterprise clients, both he and the board agreed that a change in his role…

EU says conditions needed in Lufthansa bailout, seeks deal

The EU competition chief said Friday that she is not 'creating extra hurdles' for Lufthansa after the airline balked at accepting a 9 billion-euro German government rescue package because of what it said were tough EU conditions.

India GDP growth slows to 3.1% in Q4 as Covid-19 lockdown hits economy

In the services sector, growth in the hotels and financial services sectors fell to 2.6 per cent and 2.4 per cent in the fourth quarter

Q4 GDP reveals a sorry picture even before the onset of lockdown

With the coronavirus dragging the world economy into a recession, the Indian economy needs a more convincing stimulus than what has been unveiled so far

Amazon in talks for new 750-worker Dublin office despite virus

Amazon is in talks to rent an office block in Dublin with space for about 750 workers.

Volkswagen says it will have full control of JAC-VW Chinese venture

German automaker Volkswagen will have full management control of its JAC-VW joint venture, the company's China CEO said on Friday.

German official sees Lufthansa bailout in reach, demands fairness

The Berlin government is likely to reach a deal with Brussels on a US$10 billion government bailout of stricken airline Lufthansa , senior ...

Exxon Mobil: Higher Oil Prices To Recover Share Price

Exxon Mobil is one of the world’s largest oil and gas companies. The company’s business has been hit hard by coronavirus outbreak but oil prices may quickly rec

Keep It Simple and Avoid Exxon Mobil Stock

Higher oil prices may have investors considering buying Exxon Mobil stock. But, the murkiness surrounding demand makes the stock a poor bet.

Brazil’s Embraer draws foreign interest after Boeing rift, say sources

SAO PAULO, May 29 — Aircraft makers are circling Brazil’s Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with the matter said. Boeing axed plans to buy 80 per cent of Embraer’s commercial unit in April, ending a planned move into regional...

Economy needs support from PSBs: Union Bank chief

Speaking at a webinar session organised by the BCCI, Rai said that there will be a shift of credit growth in favour of the PSBs, adding that depositors will expect an interest rate of 5.5 per cent.

Economy needs the support of PSBs, says Union Bank chief

The country’s economy, which has been hit by the Covid-19 outbreak, needs support from the public sector banks (PSBs) to boost credit growth, said an official on Friday. The number of PSBs has come d

Low demand, high inventory; housing sector facing its worst: CREDAI head

Shah said that interest subvention is the "need of the hour"

India’s housing sector facing its worst-ever crisis: CREDAI

IANS New Delhi Already reeling under liquidity concerns, low demand and high inventory levels, India’s housing sector is facing its biggest-ever crisis

Coronavirus lockdown | Eight States, UTs yet to lift foodgrains meant for migrant workers

Eight States have so far not lifted any foodgrains allocated by the Centre under the Atma Nirbhar Bharat package, which aims to ensure free supply of foodgrains to all migrants who are not covered und

June Brexit summit on cards as talks head for deadlock

PM and commission president likely to meet with progress unlikely in talks next week

Sony on track for PS5 launch despite supply-chain challenges

Latest PlayStation console expected to launch globally in the final quarter of 2020

Google reportedly rescinds 2,000 contract worker jobs

Google said it would slow hiring "given that we are faced with a global crisis of uncertain depth and duration."

US stocks slide as traders await Trump's China news conference

US stocks slipped on Friday ahead of President Donald Trump's news conference on China. US consumer spending in April also posted the biggest dr...

CBS News President Susan Zirinsky Says Corporate Execs Have Discussed Pay Cut

The company, which underwent layoffs this week, has not yet docked executive pay, which has "upset" some network staffers.

Corona cess on liquor: Delhi HC seeks detailed reply from Kejriwal government

The Delhi government, in its earlier affidavit, has opposed the petitions which have challenged a May 4 notification levying a 'special corona fees' on liquor in the national capital.

Forbes removes Kylie Jenner from billionaires list

Olushola Odeyinde Kylie Jenner has been removed from the list of billionaires by Forbes on Friday. The Reality Tv star, Make-up business mogul, and influencer has been accused by Forbes of in...

Forbes Announces Kylie Jenner Is No Longer A Billionaire

Kylie Jenner has lost her billionaire status after being accused by Forbes of inflating the size of her business and success.

Non-payment of dues since lockdown: Notice served to Statue of Unity contractor L&T

On Friday morning, the SoU management in a statement confirmed that L&T, which has constructed the statue and is also responsible for the maintenance of the site, had defaulted on the payment of wages to its outsourced employees -- mostly the housekeeping staff and security personnel.

JPMorgan on Pace for Another Strong Quarter of Trading Revenue

The bank's investment banking head said trading revenue in Q2 could be 50% higher on a year-over-year basis.

Sound the trumpet! Debt jubilees have arrived

Some of the pandemic relief policies around the world are a grand gesture towards forgiveness

Greece to open to tourists from 29 countries in June

Greece has said it will open to visitors from 29 countries from 15 June, days before its peak tourism season begins, although Ireland is not on the list of countries.

Inside Elon Musk’s extravagant array of mansions which the Tesla CEO is selling for more than $100m

INCREDIBLE pictures show inside the vast array of mansions which tech billionaire Elon Musk plans to sell for more than $100 million. The Tesla CEO, 48, who made the bulk of his fortune after co-fo…

Fiscal deficit widens to 4.6% of GDP in 2019-20, higher than revised estimates of 3.8%

The country's fiscal deficit widened to 4.6 percent of the Gross Domestic Product in 2019-20 mainly on account of poor revenue realisation, according to official data

Instacart’s tip-baiting system is short-changing shoppers, senators say

Congress wants regulators to get involved.

Bulk deals: BlackRock Advisors sells Karnataka Bank shares

Heres who bought and sold what in some of the key bulk deals of the day.

Amazon sellers are marking products as ‘collectible’ to get around price gouging rules

Thousand-dollar "collectible" dumbbells and hot tubs.

Chase adds limited-time Sapphire benefits to help grounded travelers

Heads up! We share savvy shopping and personal finance tips to put extra cash in your wallet. Android Central may receive a commission from The Points Guy Affiliate Network. Please note that the offers mentioned below are subject to change at any time and some may no longer be available. While some TPG readers are considering booking trips down the line — in some cases, even this...

Decision on accelerating easing of restrictions to be made next week

Taoiseach Leo Varadkar has said that the country is on track for phase two of the lockdown exit plan but any easing of restrictions cannot be “accelerated unsafely”.

India quarterly growth worst in 2 decades as lockdown bites

India, Asia's 3rd largest economy, expands by just 3.1% in January-March 2020

‘Not an Asset Class’ Bitcoin Spiked by 100,000,000% Since 2011

Goldman Sachs is missing the fact that Bitcoin has provided an unprecedented 100,000,000% return on investment since 2011.

Louisiana House votes to create $300 million business fund

The Louisiana House of Representatives on Thursday voted to set aside $300 million in federal pandemic relief aid for small businesses.

At 4.6% of GDP, last year's fiscal deficit breached FRBM Act escape clause

The total revenue for FY20 was Rs 17.5 trillion, or 90.6 per cent of revised estimates of Rs 19.32 trillion, compared with 91.4 per cent for the same period last year.

Delhi HC restrains Quikr, Olx from posting ads related to Reliance, Jio

IANS New Delhi The Delhi High Court has granted Reliance Industries Limited (RIL) an interim injunction against Quikr and OLX India and restrained them fr

Market watch: KSE-100 rises despite rupee depreciation

Benchm­ark index gains 235.81 points to settle at 33,931.23

ReneSola Ltd (SOL) CEO Yumin Liu on Q1 2020 Results - Earnings Call Transcript

ReneSola Ltd (NYSE:SOL) Q1 2020 Earnings Conference Call May 29, 2020 08:30 AM ET Company Participants Gary Dvorchak - The Blueshirt Group Asia Yumin Liu - Chie

PayPal: Shares Lack Further Upside At The Current Valuation

PayPal has undergone an explosive rally in its share price. Future expectations are set too high. The current valuation does not justify the company's future po

Tesla (TSLA) gets optimistic outlook from Wall St as Q2’s final month approaches

Tesla (NASDAQ: TSLA) recently received an optimistic outlook from Goldman Sachs analysts, with the Wall St. firm maintaining a “Buy” rating on the electric car maker. The updated price target on the company was posted by Goldman Sachs analyst Mark Delaney, who raised TSLA stock’s target from $864 to $925 per share, AnalystRatings reported. TSLA […]

Newcastle reveal they have almost doubled profits in last 12 months and Mike Ashley paid for Sports Direct advertising

The latest Newcastle United club have accounts have been published

Power Ministry prepares ₹3 lakh crore scheme for Discom reforms

The Ministry of Power has drawn up plans for a ₹3 lakh crore new scheme to improve the health of power distribution companies (Discoms). The old schemes of the Ministry will be amalgamated into this n

Over 120 Billion Idle XRP Tokens Moved: Volatility Is Near

Ripple’s XRP token is going through a stagnation phase without giving any clear signs of where it is headed next. The cross-border remittances token has been co

Telecom services unaffected by lockdown in May

‘Nearly 97 per cent of the 1.1 billion SIMs are pre-paid, and all of them are being recharged’

Essential Properties: E-Commerce-Resistant Real Estate For The Long Term

Since EPRT focuses on service and experience tenants, it has been hit particularly hard by COVID-19, but it should also fare well in the e-commerce dominated wo

Etsy: A Niche E-Commerce Poised For Growth

Etsy has been firing on all cylinders since 2017 increasing both growth and profitability. Etsy is facing competitive threats from its larger rivals. However, t

Commissions Releases Guidelines On Approach To Authorisations After Law Change

The Commerce Commission has released guidelines on its approach to authorisation of some agreements as a result of temporary changes made to the Commerce Act under the COVID-19 Response (Further Management Measures) Legislation Act (COVID-19 Response Act).

Sebi imposes Rs 28 lakh fine on 14 individuals for fraudulent share trading

Sebi has levied Rs 28 lakh fine paid jointly or severally by 14 individuals.

Rocket Internet SE (RCKZF) CFO Bettina Curtze Q1 2020 Results - Earnings Call Transcript

Rocket Internet SE (OTC:RCKZF) Q1 2020 Earnings Conference Call May 28, 2020 04:00 AM ET Corporate Participants Bettina Curtze - Senior Vice President of Financ

Hertz Burns Carl Icahn in Bankruptcy

Even the best investors can make a bad move. Here's how much Carl Icahn lost on Hertz.

Diane Dodds says north faces 'long, hard road to recovery'

Economy minister Diane Dodds has warned the north faces a "long, hard road to recovery" as it battles the "economic shock" of the coronavirus lockdown.

Autorickshaw drivers in Gujarat seek permission to ply after May 31

The president of the Gujarat Auto Rickshaw Driver Action Committee has sent a letter to Gujarat Chief Minister Vijay Rupani with the demands of the autorickshaw drivers, including the release of autorickshaws detained during lockdown by recovering nominal fine from the drivers since their financial condition is very weak at present.

Crude has best month

Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.

Water And Wastewater Price Changes From 1 July 2020

Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.

Foreign Exchange Reserves Soar To Record High Of $490.04 Billion

The country's foreign exchange reserves swelled by $3.005 billion to a lifetime high of $490.044 billion in the week to May 22.

GetSwift: A Smart Bet On The Post-Corona Delivery Revolution

GetSwift’s Growth Has Accelerated After Coronavirus Led to More Deliveries and Delivery Model Becomes Widespread Post-Coronavirus. Restaurants Prefer Controllin

AUD/USD retreats from 0.6680 as the markets await Trump’s conference on China

The Australian dollar has failed again to break the resistance level at 0.6680 and the pair has retreated to levels near 0.6600 as risk appetite plun

EUR/USD: ECB and a packed US data could wane the optimism

EUR/USD is awake, alive, and kicking, hitting the highest in two months. The all-important ECB decision and potentially another devastating US jobs re

EUR/GBP retreats from two-month highs, returns below 0.9000

The euro is giving away previous gains against the British pound, pulling back below 0.9000 and turning negative on daily charts. The pair peaked at

Not ready to open platform food stalls yet! Vendors’ Association urges Indian Railways to give them time

To check the spread of the infection, the stalls on platforms had been shut throughout the nationwide lockdown, which was imposed on 25 March 2020.

Gujarat farmers rush for groundnut seeds as monsoon rains approach

Mills make a killing as seed prices jump in a short span

OYO sales down to half amid COVID-19; Ritesh Agarwal explains why future holds little respite too

Coronavirus has put a spanner in the growth of the otherwise stellar performing unicorn startups of the world with homegrown OYO now saying that the sales of the company have come down to half in the past few weeks.

Doubts Remain over Readiness of Bulgaria, Croatia and Romania for Schengen

The closure of national borders has helped limit the spread of the novel coronavirus, but it’s also dealt a devastating blow to tourism, travel and trade. That’s especially true across the EU, where the bloc’s Home Affairs Commissioner Ylva Johansson has called for a return to open borders as soon as possible.

ZTE 5G NR and UME system receive ISO/IEC 27701 Privacy Information Management System certificate

PRESS RELEASE: ZTE Corporation, today announced that it has received the ISO/IEC 27701:2019 certificate, which ...

Bears Trade By Day, Bulls By Night

Stock market returns for the month of May have been an overnight phenomenon. Fed liquidity is the only thing fueling this fundamental-less rally. Consensus earn

Ukraine expects US$5 bln IMF loan approval on June 5 – PM Shmyhal

The first tranche of US$1.9 billion may be disbursed the following day.

Powell speech: Evidence on whether negative rates work is mixed

The Federal Reserve's Main Street Facility is very challenging because of the wide diversity of companies, Jerome Powell, Chairman of the Federal Rese

New York Community Bancorp: Nice Little Trade

While short-term traders are locking in profit, we think you can stay in this in the longer term. When the company reported earnings, New York and the Tri-State

Libertex Parent Pays €160,000 to Settle Violations with CySEC

The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has reached a settlement with Indication Investments Ltd, fining the firm €160,000.

COVID-19 Impact on Online Lending: Report

The online lending industry has probably suffered more than any other sector of Fintech during the COVID-19 crisis. Borrowers, both businesses and consumers hav

India's economic growth dips during coronavirus pandemic

NEW DELHI — India’s economy grew by 4.2% in the fiscal year that ended in March, down from 6.1% the previous year, the government said Friday, and is likely to contract this year because of the coronavirus pandemic. The growth dipped to 3.1% in January-March, the last quarter of the fiscal year, as the country …

Household income surged in April despite the collapsing labor market

CARES Act benefits worked really well.

Powell Speech: Fed is strongly committed to using its tools

The Federal Reserve is committed to using its tools, Jerome Powell, Chairman of the Federal Reserve System, reiterated on Friday while delivering a sp

Williams set to sell Formula One team following financial losses

Williams are considering selling their Formula 1 team due to growing financial pressures.This mo...

How will consumption shape up post Covid?

With consumers confined indoors and worried about the future, health and ‘homebody’ products may be chosen over indulgences

SNAP Stock Has Some Fundamental Issues That Should Worry You

Snap stock won't see sustained gains unless it broadens its user base, changes its monetization strategy, and markets itself outside the U.S.

Tencent raises USD 6 bln in bond offering, pledges investment of USD 70 bln into cloud, AI, cybersecurity

China’s Tencent has raised USD 6 billion through a number of bond offerings, Reuters reported, calling it the largest debt deal by an Asian corporate this year. The notes will be issued on 3 June. About USD 1 billion was raised with 5-year notes, nearly USD 2.3 billion with 10-year notes, USD 2 billion with 30-year notes and USD 750 million with 40-year notes. The 40-year term is a first for the company. 

EUR/GBP Price Analysis: Euro steadies above the 0.9000 figure vs. Pound

EUR/GBP refreshed the monthly tops while holding above the 0.9000 figure and its main SMAs on the four-hour chart. The buyers remain in charge as a daily close

NY Fed's GDP Nowcast for Q2 2020 falls to -35.5%

The US economy is expected to contract by 35.5% in the second quarter of the year, the Federal Reserve Bank of New York's latest Nowcasting Report sho

Visa Is Buy-Worthy Stock as the U.S. Continues to Reopen

Investors forget just how profitable Visa is. With the country reopening, V stock is worth a closer inspection to see if it's a buy.

Main Street’s Pandemic-Led Shift To Digital Innovation

With the lockdown of the United States economy, SMBs faced the choice of finding digital ways to reach customers or run the risk of going out of business.

United Airlines Is a Little Bit Less Ugly

While UAL stock is less ugly today, that’s not enough of a reason to buy shares.

Pound-to-Australian Dollar Rate Won't be Spared by China's Moves against Australia Or USD/CNH

The Pound vs Australian Dollar: Latest GBP/AUD Forecasts, News and Analysis

Buy Bed Bath & Beyond Stock Before Consumer Spending Surges

Depressed BBBY stock could surge over the next 12 months and beyond, as turnaround initiatives gain momentum alongside consumer spending.

Vancouver-based mobile ordering app offers alternative to 'exorbitant fees'

The same week Vancouver's mayor threatened to cap delivery service fees at 15 per cent, a local mobile app provider is reminding restaurant owners their standard fee is already a "reasonable" rate of five per cent.

Star Media Group records Q1 net loss of RM3.98m amid Covid-19 pandemic

KUALA LUMPUR, May 29 — Star Media Group Bhd today reported a net loss of RM3.98 million for the first quarter ended March 31, 2020. The Edge Markets, citing a filing to Bursa Malaysia today, reported that the group’s quarterly revenue declined 20.36 per cent to RM65.76 million from RM82.57...

WTO’s ‘Crown Jewel’ Under Existential Crisis: Problem Explained

World Trade Organization (WTO) is an international body that acts as a watchdog keeping an eye on the rules of trade between nations. WTO came into operation in 1995 and was founded as a successor to the General Agreement on Tariffs and Trade (GATT), which was incorporated in 1948. It acts as a forum where […]

Robotic Process Automation can help the public sector battle COVID-19

Teemu Vieruaho, Digital Workforce, discusses how Robotic Process Automation can help fight the public sector’s battle against COVID-19

Maharashtra Govt to soon announce economic package, says DCM Ajit Pawar

Leo Varadkar says schools will be reopened by the end of August

Taoiseach Leo Varadkar has said that both primary and secondary schools will be reopened by the end of August for the start of the academic year

Crushing the coronavirus uncertainty will be the big ‘unlock’ for economies

IANS New Delhi Crushing the coronavirus uncertainty will be the big ‘unlock’ for economies around the world and to safeguard lives and livelihoods, re

Central Bank of Liberia Board Announces Reduction in Monetary Policy Rate

MONROVIA – The Board of Governors of the Central Bank of Liberia (CBL), during its 28 May 2020 sitting, approved a reduction in monetary policy rate to 25%. This comes three months after the CBL’s Board of Governors approved to maintain the monetary policy rate of 30% in February. This move is indicative of the […]

BP licenses PTA technology to Weilian Chemical

BP plc (London, U.K.) has entered into an agreement to license its latest generation technology for the production of purified terephthalic acid (PTA) to C

COVID-19: CBN introduces regulatory forbearance for financial institutions

the CBN intervention facilities availed through participating OFIs are granted a further one-year moratorium on all principal repayment effective from March 1, 2020

Hospitality sector expects demand to pick by Q4 2020: Survey

India GDP growth dips to 3.1 pc in Jan-Mar; 4.2 pc in 2019-20

The gross domestic product (GDP) had expanded by 5.7 per cent in the corresponding quarter of 2018-19, according to data released by the National Statistical Office (NSO) on Friday.

Lucia Wealth Services LLC Has $521,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Lucia Wealth Services LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 25.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 267 shares of the e-commerce giant’s stock after acquiring an additional 55 shares during the quarter. Lucia Wealth Services LLC’s holdings in Amazon.com were worth $521,000 at the end of the […]

Swiss National Bank Has $3.19 Billion Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Swiss National Bank increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 23.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,635,551 shares of the e-commerce giant’s stock after acquiring an additional 309,700 shares during the period. Amazon.com comprises about 3.4% of Swiss National […]

Long Read: Can China’s Digital Currency Challenge The Supremacy Of US Dollar?

China may well have offered the spark for a currency war, apart from the ongoing trade and tech war.

Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,475 shares of the e-commerce giant’s stock after buying an additional 24 shares during the quarter. Amazon.com comprises […]

Amazon looks to offer full-time jobs to thousands of Arizona seasonal workers

After announcing in March that online retail giant Amazon.com Inc. would hire 6,500 seasonal, part-time employees in Arizona to cope with increased demand for products amid the spread of the coronavirus, the company is looking to turn many of those jobs into full-time positions.

PAC queries UGX 573m payment of vehicle for Internal Affairs Minister

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Public Accounts Committee- PAC central government are investigating an advance payment of the official vehicle for the Minister of Internal Affairs. The committee chaired by Budadiri West MP Nathan Nandala Mafabi was on Friday meeting officials from Ministry of Internal Affairs led by the …

Bus owners, drivers want curfew time lifted

Kampala, Uganda | THE INDEPENDENT | Bus owners and drivers have asked government to lift curfew times for buses and also allow buses ply border districts through a standard operating procedure. The bus drivers and owners were today appearing before the National Economy of Parliament which is scrutinizing the effect of the coronavirus (COVID-19) pandemic …

ED attaches `385-cr assets of Agusta middleman Rajiv Saxena

PTI New Delhi The Enforcement Directorate (ED) on Friday said it has attached assets, including five Swiss bank accounts, worth Rs 385.44 crore of Rajiv S

Travel industry using cleanliness, celebs to woo customers

NEW YORK/LONDON/BEIJING – Lysol is starring with celebrities and rock-bottom prices in the US$8 trillion (S$11.3t) global travel industry’s pitch to get people back on the road and in the air. What was scrubbed from view now leads marketing campaigns as cleanliness is...

IOA finance chairman refuses hotel bookings for Tokyo Games without president’s sanction

PTI New Delhi Indian Olympic Association’s finance committee chairman Anil Khanna on Friday defended his decision not to give clearance for hotel bookin

Advisors, beef processors and Sheiks top list of largest farm subsidy payments in 2019

Agricultural advisors, semi-State companies, Larry Goodman and Sheiks are among the top beneficaries, as well as farmers, of EU farm payments, according to the latest list of CAP beneficaries published by the Department of Agriculture. 

Coronavirus Update: How COVID-19 Reforms the Mobility Industry

The coronavirus pandemic has already taken more than 300,000 lives worldwide and caused massive joblessness, but there are a few sectors that are currently booming and benefiting from this crisis.

TWSS open to women returning from maternity leave

The Temporary Wage Subsidy Scheme has been amended to allow women who were on maternity leave to access the payment.

Ecolab closes sale of Holchem Group to Kersia

Ecolab Inc. (St. Paul, Minn.) closed on the sale of Holchem Group Limited, a U.K.-based supplier of hygiene and cleaning products and services, to Kersia,