China formally announced a thorough decontrol over lending rates of financial institutions on July 20. Approved by the State Council, the Chinese cabinet, the People's Bank of China (PBOC), the central bank, said on July 20 that the ...
Tags: lending rates, commercial principles, china
China Specialty Glass AG ("CSG"), holding company of one of the largest producers of security glass in China, looks back on another successful financial year 2012 with high growth in revenues and earnings. -Revenue growth by 47.9 per ...
Tags: Specialty Glass, Strong Growth
THE Australian dollar rose after investors interpreted the Reserve Bank of Australia minutes as suggesting there was less chance of another rate cut in August. At 6.30am AEST the local unit was trading at 92.54 US cents, up from 91.82 ...
Tags: economy
The results of the quarterly Manufacturers Alliance for Productivity and Innovation (MAPI) Business Outlook point to a degree of renewed momentum in manufacturing activity over the next three to six months. The survey's composite index is ...
The 2012 financial results of China Specialty Glass AG ("CSG"), holding company of one of the largest producers of security glass in China, are impacted by a negative one-off effect of 12.5 million Euros. This one-off effect resulted ...
Tags: Glass, Construction, Decoration
Many small and medium-sized enterprises took a direct hit from the bank liquidity squeeze in June, which disrupted their cash flow and boosted the cost of financing. Figures from Shanghai-based Wind Information, a financial data provider, ...
Tags: Credit Crunch, Smaller Firms
OMNOVA Solutions Inc. announced income from continuing operations of $2.6 million, or $0.06 per diluted share, for the second quarter ending May 31, 2013. Net income for the second quarter was $2.9 million or $0.06 per diluted share. ...
Tags: Omnova Solutions, Q2
The textile industry, which is the single largest consumer of TANGEDCO in the State, is already in deep trouble to sustain its survival. The textile industry in Tamil Nadu has 1/3rd of the total business size and 47.5% of the spinning ...
Tags: India, SIMA, Apparel&Accessories
The Australian dollar continued to fall today, sparking the biggest one-day sell-off in government bonds since the turmoil in global markets that followed the collapse of US investment bank Lehman Brothers in late 2008. Bond traders said ...
The Aussie fell after the central bank left the door open for more interest rate cuts and forecast the currency might fall further as commodity prices slide. The minutes of the Reserve Bank of Australia's policy meeting on June 4 showed ...
The dollar's coming of age as a global reserve currency has resulted in a $200 billion buying spree by central banks and sovereign wealth funds since the global financial crisis, adding an estimated US6c-US8c to the dollar's value, ...
Tags: Australian Dollar, JP Morgan
In the credit policy issued, RBI has not touched the Key rates and unchanged. In a reaction to RBI's monetary policy, Dr.A. Sakthivel, Chairman - AEPC said Industry has been disappointed with RBI's Stand. Apparel SMEs were expecting a ...
Tags: India, Apparel&Accessories, AEPC
Rio Tinto has sold $US3 billion ($3.1bn) in corporate bonds in the US market, making it the biggest high-grade deal since worries about the Federal Reserve pulling back on its bond-buying program stymied new issuance. Underwriters ...
Fears of a possible global slowdown as US money printing tapers off sent Asian markets into a tailspin yesterday, pulling the Australian equities market back towards a level that has all but wiped off the gains it has made this year. ...
Tags: Asian Markets
Uni-President China on June 6 announced its CNY 1 billion renminbi-denominated notes to expire in 2016 and with annual interest rate of 3.5% will become tradable tomorrow. The Joint Global Coordinators are ANZ and DBS, which worked ...