Although six years have passed since the global financial crisis broke out, many countries have not yet overcome its impact with the global economy is still facing uncertainties. And given the economic slowdown, albeit slight, in China, it ...
In its pre-budget memorandum, the Tirupur Exporters’ Association (TEA) among many demands has asked for extension of rupee export credit at 3 per cent interest rate subvention, import of specialty fabric using export performance ...
In late 2013, LEDinside team forecasted major company restructure market trends will continue throughout the year. The trend has been consistent in 2014, as more lighting manufacturers take necessary restructure measures to remain ...
Tags: LED component, LED light
With falling home prices and slowing growth, Beijing already has plenty on its plate. Such challenges are now fueling concerns about how the current Russian currency turmoil will impact the world’s second largest economy, and ...
Tags: Currency Depreciation, home prices, rubble
This week, Altos Hornos de Mexico S.A.B. de C.V. (AHMSA) presented a civil court request in Monclova, Coahuila, to lift the suspension of payments to creditors. The application is supported by a general agreement with the required ...
Fiat Chrysler Automobiles is expected to get $2.8bn from Ferrari before the the luxury car brand is carved out as a separate company. FCA CEO Sergio Marchionne is expected to list 10% of Ferrari's stake in the second quarter of 2015 and ...
Tags: Fiat Chrysler Automobiles, five-year strategic plan, Auto
The high level of government savings deposits could prove detrimental to long-term economic growth, even as concerns mount over ballooning local government debt in China, a report said on Wednesday. Total bank deposits held by government ...
International credit rating agency Standard & Poor's Ratings (S&P) has announced that a potential sale by Indian steelmaker Tata Steel of its European long steel products business and associated distribution activities is credit positive ...
Tags: steelmaker, Tata Steel
Sajjan Jindal, the millionaire owner of Indian steel producer JSW Steel, has stated that he has offered less than $100 million to buy the steel complex of Italian steelmaker Lucchini in Piombino, Tuscany, Italy, while not wanting to take on ...
Two long and specialty steel producers in Brazil filed for bankruptcy last week, according to media reports. Both companies belong to the Wilson Santos group. Cisam Siderurgia and Ciafal, located in the cities of Para de Minas and ...
Tags: Brazil, Bankruptcy, Metallurgy
A transformation plan initiated in 2012, has not helped Li Ning Company Limited wipe out losses from its balance sheet, instead losses multiplied in the results announced for the first six months of 2014. Loss at Li Ning, one of the ...
Tags: Loss, Apparel, Accessories
China has issued an emergency decree ordering officials to halt the development of new cement and plate glass capacity, as it struggles to overcome entrenched local government resistance to halting wasteful investment in glutted industries. ...
Tags: Cement, Glass, plate glass
Brazil steelmaker Companhia Siderurgica Nacional (CSN) has confirmed it is interested in acquiring US-based Gallatin Steel, according to a CSN executive. "We've tried to enter in the Severstal deal and we didn't succeed. We're looking at ...
Tags: CSN, Metallurgy, Mineral
Beijing bureaucrats are all exhausted just by chasing a sputtering economy and trying to keep it moving. Some fine-tuning here, a bit of state spending there – all with the aim of meeting a GDP growth target. But if they want to stop ...
Tags: Economy Reform, China Economy
South Korea will seek to import more shale gas-based LNG from North America to meet rising power demand amid tighter environmental regulations, the deputy energy minister told Platts Friday. "Natural gas as a source of power generation ...
Tags: Shale Gasc, LNG