Northwest European styrene monomer spot offtake remains lackluster this week on the back of supply length, with buyers predicting lower prices in the coming weeks and industry consumers keen to reduce stock levels for the end of the year, ...
Tags: styrene, Offtake Lackluster, styrenics products, Discounts
Chinese sapphire maker Aurora announced last week, it would be investing RMB 40 million (US $6.32 million) in a new investment management arm to integrate investments in the sapphire supply chain, according to a report from China Securities ...
Tags: sapphire, Aurora, sapphire ingot
Quiksilver, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved a variety of First Day Motions related to its voluntary Chapter 11 restructuring. Collectively, the orders granted by the ...
Tags: Quiksilver, Roxy, DC
Don’t be fooled by the pitch that touts shortage as a reason for investors to plough dollars into the diamond mining sector. In fact, like many other commodities in the world today, the diamond industry is also drowning in a supply ...
Tags: Diamond Supply, diamond mining
China's central bank continued to pump billions of yuan into the financial system on Tuesday to ease liquidity strains. The People's Bank of China (PBOC) conducted 150 billion yuan (23.6 billion U.S. dollars) of seven-day reverse ...
Textile spinning mills affiliated to the Northern India Textile Mills' Association (NITMA) are considering cutting back production and shutting down their mills once a week against the current trend of operating a mill 24x7. In a press ...
Tags: spinning mills, yarn, Textile
Pritzker Group Private Capital has purchased Chicago-based LBP Manufacturing to tap the latter’s potential in material science, equipment and converting technology in food and beverage packaging. LBP Manufacturing is being acquired ...
Tags: packaging machine, arriage, Pritzker Group Private Capital
Net revenues slipped 6 per cent year over year on a reported basis at denim jeans marketer Levi Strauss & Co. for the second quarter ended May 31, 2015. Net revenues declined six per cent to $1.01 billion on a reported basis in the second ...
Tags: Levi Strauss, denim jeans
China is capable and confident it can maintain the capital market stable and sound, said a commentary of People's Daily, the flagship newspaper of the Communist Party of China (CPC). Since mid-June, the benchmark Shanghai Composite Index ...
Tags: Capital Market, stock market
Swiss specialty textile chemicals producer Archroma said it has entered into a senior secured credit agreement that provides for credit facilities totaling to around $515 million. According to an Archroma press release, the credit ...
Tags: textile chamicals production, specialty textile chemicals
The People's Bank of China (PBOC), China's central bank, extended a 6-month medium-term lending facility (MLF) worth 250 billion yuan (over 40 billion U.S. dollars) at an interest rate of 3.35 percent to 11 banks on Friday. The extension ...
Tags: People's Bank of China, central bank, medium-term lending facility
China's central bank cut both the requirement reserve ratio (RRR), the amount of reserves banks required to hold, and benchmark interest rates on Saturday. The credit-easing move, to be effective on Sunday, aims to "support the real ...
Tags: Reserve Ratio, Interest Rates
Chinese shares dived on Tuesday, with the benchmark Shanghai Composite Index down more than 3 percent at the end of trading, driven by an exodus of capital from the stock market. The benchmark Shanghai Composite Index dived 3.47 percent, ...
Tags: ChiNext Index, Chinese shares
GT Nexus and trade finance solutions provider SeaburyTFX announced today a new funding program that leverages big data on the GT Nexus platform to deliver suppliers access to low cost capital. The program opens the flow of capital into ...
Tags: GT Nexus Tool, SeaburyTFX
Chinese stocks and economic growth have long had little to do with each other. Between 2010 and early 2014, when China boasted the world's fastest-growing economy, its stockmarket was consistently among the world's worst performers. Since ...
Tags: Stockmarket, Economy