China's economy performed better than expected in July with inflation stable and industrial production strengthened. China's consumer price index, the main gauge of inflation, grew 2.7 percent from a year earlier in July, with retail ...
Tags: China's economy
The expansion increases production capacity at the plant by more than 50% to greater than 600,000 metric tons of aluminium sheet per year. The $340m investment represents the largest capital expansion by Novelis in South America in the ...
Oil prices surged on Thursday as economic data around the globe added optimism to economic growth. In the week ending July 27, the advance figure for seasonally adjusted initial jobless benefits claims decreased 19,000 to 326, 000, the ...
Tags: Oil Prices, Global Growth Optimism
Nipsea Group has started construction of its third paint factory in northern Vietnam's Vinh Phuc Province. The six-hectare Nippon Paint Vinh Phuc, which will be in operation in February next year, will produce general industrial paint for ...
Tags: Construction, Decoration
A forthcoming audit of overall government debt in China is expected to reveal the status quo of growing government debt and its potential risks amid the country's economic slowdown. The planned nationwide audit follows a previous one ...
Tags: Gov't Debt
Premier Foods will continue to develop its Power Brands and deliver a further £10M of cost savings this year, according to a statement accompanying its half-year results posted today (July 23). Gavin Darby, chief executive officer, ...
Tags: Premier Foods, Agriculture
In a trading update for first-half 201, epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK says it expects first-half performance to be ahead of market expectations, with revenue approaching £63m, EBITDA (earnings ...
Tags: IQE, Electrical
Shell Chemical nominated its August US butadiene contract price down 25 cents/lb ($551/mt) from July to 41 cents/lb ($904/mt), sources said Monday. Shell Chemical could not be reached immediately to confirm the nomination. Market ...
The July US paraxylene contract price settled at 71 cents/lb ($1,565.27/mt), one cent lower from June's contract price, sources said Tuesday. The settlement is in line with market expectations of a 1-2 cents decline because of a weak spot ...
Tags: Paraxylene CP, Chemicals
China's gross domestic product growth slowed to 7.5 percent in the second quarter of 2013, down from 7.7 percent during the first quarter, data from the National Bureau of Statistics (NBS) showed on Monday. Growth in the first half of the ...
Tags: Q2 GDP, China economy
THE Australian dollar jumped yesterday after the US central bank poured cold water on earlier speculation that it would soon start to withdraw economic stimulus. The US dollar plunged early yesterday after the market was surprised by ...
Tags: economy, Australian dollar
The profits of confectionery firm Thorntons will be ahead of current market expectations when its full year results are released in September, according to its trading update released today (July 2). Sweet expectations: Thorntons profits ...
Tags: Agriculture, Food, Sweet
Crude oil futures settled slightly higher Tuesday as a pipeline shutdown in Alberta, Canada, and escalating tensions in the Middle East lent the complex a bullish note, amid rising equities markets. NYMEX August crude settled 14 cents ...
Tags: Crude Futures, Crude oil
Chinese dairy maker Yashili International Holdings Ltd. (SEHK: 1230) is said to be acquired by China Mengniu Dairy Co., Ltd. (SEHK: 2319). Sources said recently that it would be acquired by Mengniu and on June 13, the buyer and it each ...
Tags: dairy, Agriculture, Food, Mengniu, Yashili
US social game developer Zynga Inc. (NASDAQ: ZNGA) will cut 520 jobs globally before this August. It said on June 4 that it would lay off about 520 staff globally before August this year and the staff accounted for about 18 percent of the ...