There's an old saying in China that a word is worth a thousand pieces of gold, but one anti-corruption official's accusations involving the name change of a medicinal herb may prove it can cost much more. Lu Qun, deputy director of an ...
Tags: Chinese Herbs
Transparency International Bangladesh (TIB) has proposed that a Garments Sector Governance Authority be set up to coordinate governance initiatives of multiplicity of actors and to ensure their transparent and accountable delivery against ...
Tags: Apparel
U.S. manufacturers have grown more competitive over the past decade compared with factories in China, Brazil, and most of the world’s other major economies. So says a new private study, which found that rising wages and higher ...
Tags: Chinese electricity
In a move that did not entirely come as a surprise, India's Election Commission earlier this week asked the incumbent government to defer a hike in the wellhead price of natural gas that was due to be implemented on April 1. But analysts ...
Tags: Natural Gas, gas pricing, OIL's production
Democratic Republic of Congo aims to double tax revenues from minerals but investors warned that an overhaul of the mining code could remove incentives to invest there. Prime Minister Augustin Matata Ponyo told a mining conference in the ...
Tags: DRC Mining, Mining Tax
Clariant, a world leader in specialty chemicals, has published its sustainability report for the 2013 financial year. The report focuses on long-term value creation for internal and external stakeholders and the progress made over the ...
According to a report in Forbes Wednesday, Vale might have to forfeit $1 billion in investments at the Simandou iron ore deposit in Guinea if the Guinean government accepts the recommendations of a committee set up to review mining ...
After a continuous decline in 2013, sales of luxury goods have shown no signs of rebounding in China in the beginning of 2014, after a tightened campaign against corruption, the Beijing Morning Post reported on Feb. 12. Many luxury brands ...
Tags: Luxury Goods, Handbags, Jewels
Deep in the forests of Borneo island, workmen from an Indonesian timber company fell a tree with a chainsaw, stick a red tag with a serial number onto it and attach a corresponding stub to the stump. This is all part of an arduous ...
Tags: Borneo island, Indonesian, timber, auditing process, illegal logging
Good government policies can help propel an industry forward but bad ones can hinder development. Although China’s policies are aimed at developing the LED industry, the subsidies have gotten out of control recently, said LEDinside ...
Tags: LED Policies, LED Lighting
Chevron filed a motion with a court in Ecuador Monday seeking to reverse a ruling requiring it to pay $9.5 billion for pollution in the country's Amazon basin region. The US oil giant, which claims it was the victim of a trial riddled ...
Tags: Consumer Electronics, Electronics
Growth in luxury spending on the Chinese mainland is expected to cool to 2% in 2013, down from 7% last year, according to the China Luxury Goods Market Study for 2013 published by the international consulting firm Bain & Company, Xinhua ...
Tags: Luxury Market, Luxury Products, Economy
Fang Ying’s December wish list of Louis Vuitton handbags and Chanel perfume is not only for Christmas. Fang, 33, a secretary working in Shanghai, writes one every month for friends and family traveling abroad. Fang is not alone. ...
Tags: handbags, perfume, Luxury Spending
Mining companies operating in Australia and globally will continue to face challenging market conditions in 2014, including rising costs, low commodity prices, supply/demand imbalances, and decreased productivity levels. According to ...
Tags: Sustainable Cost Reduction, Innovation Critical, Australian
A group of scientists and experts requested by Congress to assess the total damage caused by the BP oil spill in the Gulf of Mexico in April 2010 have said the government's current methods of putting a price tag on the most sweeping ...
Tags: US, government, whitewashed, economic damage, BP, oil, spill