China's central bank has devalued the yuan by almost 2 per cent - its lowest rate against the US dollar in almost three years. The People's Bank of China (POBC) said the decision to devalue the yuan by 1.9 per cent was a "one-off ...
Tags: China Yuan, US dollar
The European Bank for Reconstruction and Development (EBRD) is providing €44.7m as loan to Coca-Cola Beverages Tajikistan (CCBT) for setting up a greenfield soft drink bottling plant in that country. Aimed at cutting down on imports ...
Tags: Coca-Cola Bottling, soft drink
Production growth in China's machinery sector slowed sharply in the first half of 2015, an industry association said on Thursday, predicting a moderate rebound amid grim conditions. The China Machinery Industry Federation (CMIF) said the ...
South Korean automotive giant Hyundai Motor has slashed two SUV variants’ prices in China by 11.8%, while Japanese automobile major Toyota has voiced against being optimistic about profitability, against the backdrop of sales slump in ...
Tags: Hyundai Motor, SUV
After prices for LED chips and packaging services fell 10-17% in first-half 2015, prices are expected to be stable in third-quarter 2015 due to peak demand, but may fall again in fourth-quarter 2015 and first-quarter 2016 due to slow ...
Tags: LED market, LED Prices
German automotive giant Volkswagen (VW) has for the first time edged past Japanese carmaker Toyota to rise to the numero uno position in automobile sales during the first half of the current year. VW managed to sell 5.04 million units ...
Tags: Volkswagen, Carmaker, emerging markets
Revenue for the three months to June 30, 2015 at speciality chemicals producer Eastman Chemical Company rose 3 per cent year over year. “Revenue for the second quarter of 2015 amounted to $2.5 billion, up 3 per cent over the same ...
Tags: turbine oil, chemicals
German petrochemicals producer BASF said July 24 that it expected the economic slowdown in China, margin volatility and growth uncertainty in Europe to be the biggest risks to growth for its chemicals division during the second half of the ...
Tags: Petrochemicals, oil
Of 26 provinces that have released their latest economic data, 24 posted an increase in GDP growth in the second quarter, while stable growth remained a major priority for the latter half of the year, reported Shanghai Securities News. ...
Tags: GDP Growth, China Economy
Japanese automotive giant Toyota may shelve its plan to promote its luxury Lexus brand in China, thanks to slowdown in the country’s automobile sector coupled with a weaker yen. With China's automobile market registering a growth ...
Tags: automobile manufacture, Toyota, car promotion, Lexus
China's June imports of thermal coal slumped to a four-month low of 6.21 million mt, a 43% on-year drop and down 4% on the previous month, according to customs data released Wednesday. The tally comprises bituminous and sub-bituminous ...
Tags: Thermal Coal, lignite, Coal
Global automakers will manufacture fewer vehicles in China this year than they are able to because of slowing demand in the world's largest auto market, a reversal after years of rushing to build factories. The average level of capacity ...
Tags: auto market, passenger-vehicle
Driven in large part by the rapid expansion of shale oil and gas drilling and production in North America, the world market for oil field specialty chemicals at the service company level reached $25 billion in 2014, up from nearly $16 ...
Tags: chemicals, coating, paint pigment, shale oil
According to its 2015 Chinese LED Industry Market Report, LEDinside, a division of TrendForce, finds the scale of the Chinese LED package market for 2014 reached US$8.6 billion and grew by 19% annually. The general lighting market has been ...
Tags: LED Package, LED Chip
Credit rating agency India Ratings and Research (Ind-Ra) has maintained an overall stable outlook for the cotton textile sector for FY16. This is led by stable spinning margins in the cotton yarn segment, range-bound cotton prices and ...
Tags: textile manufacture, garment manufacture, cotton textile