China espouses the concept of balance and in this it has a natural partner in Nestlé, a company that is finding its established philosophy of shared value and localisation appreciated in the world’s fastest changing society.

Allantone Supplies focuses on keeping the maritime traffic that bustles around the UK well supplied with fuel. Running a short-notice, niche operation, the company makes customer service its top priority.

Shell has agreed to buy East Africa-focused Cove Energy in a deal worth £1.12 billion, it has been announced.

London-listed Cove will be acquired by the energy giant’s Shell Bidco subsidiary.

The acquisition marks Shell's entry into Kenya and Mozambique, with potential for new LNG from recent gas discoveries offshore Mozambique. Shell already has interests in Tanzania.

The Timken Company held a groundbreaking ceremony today to mark the commencement of work on a $225 million expansion of the Faircrest Steel Plant in Stark County, Ohio.

The investment by the specialty alloy steel and industrial components manufacturer is expected to improve the Faircrest plant's productivity, expand its product range and increase capacity to serve growing demand for Timken specialty alloy steel bars.

Swiss food giant Nestlé has agreed to acquire Pfizer Nutrition for $11.85 billion, it has been announced.

Nestlé said the acquisition would be a strategic fit with its infant nutrition business, given US-based Pfizer Nutrition’s complementary portfolio and strong presence in high-growth markets.

Nestlé described Pfizer Nutrition as a high-quality, high-growth infant nutrition business with strong brands, value-creating and accretive to the Nestlé model.

GE, the largest industrial company in the United States, reported its eighth consecutive quarter of operating earnings growth in Q1 2012.

While total revenue fell 8 percent to $35.2 billion compared with the same quarter of 2011, this year’s figures do not include revenues from NBC Universal, in which a majority stake has been sold to Comcast.

University College Dublin (UCD) has signed a memorandum of understanding with a leading Chinese dairy producer, Dairy United.

The agreement, which is expected to bring about multi-million Euro contracts for products and services, sets out the development of a China-Ireland Agricultural demonstration farm in Hohhot, Inner Mongolia, as well as collaborative research projects, the provision of education and training, and collaboration on creating a trade corridor to facilitate the export of Irish products to Inner Mongolia.

Otis Brazil has won a significant contract to install 21 energy-efficient elevators and escalators at Rio de Janeiro's famous Maracana Stadium, the site of the 2014 FIFA World Cup final championship match and the 2016 Summer Olympics' opening and closing ceremonies.

Otis Brazil, a unit of Otis Elevator Company and United Technologies Corp, also recently won contracts to supply equipment at two other Brazilian World Cup stadiums, the Salvador Arena in Bahia and Pernambuco Arena in Sao Lourenco da Mata.