THE Australian dollar has jumped sharply higher in a morning of volatile trading. The currency hit a two-and-a-half year low of 94.35 US cents shortly after midnight AEST before staging an impressive recovery. It climbed almost ...
Tags: Service
China's largest heavy-duty truck maker, Sinotruk, is poised to maintain growth in its exports this year despite shrinking overseas demand due to the eurozone debt crisis, the company said on Tuesday. The Jinan-based truck manufacturer has ...
Tags: truck, Auto Parts
NYMEX July crude settled $1.48 higher at $93.45/barrel Monday, largely holding to overnight gains following better-than-expected eurozone manufacturing data. Weak US manufacturing data put downward pressure on the US dollar, which ...
Tags: Oil Complex, Us Dollar
The oil complex pushed sharply lower late in US trade Friday, extending an overnight selloff prompted by a stronger dollar, lower equities markets and OPEC's decision to roll over its 30 million b/d output target following Friday's meeting ...
Tags: Metallurgy, Mineral, Energy, Oil
China is likely to make substantive moves this year toward initiating an anti-dumping investigation into wine imported from the eurozone, the China Security Journal reported on May 21, 2013. The government may take a further step in ...
The dollar's dive looks far from over, even though it has already lost more than 8 per cent of its value against the US dollar since the middle of last month. Of course, a technical correction is possible. But increased disappointment ...
Tags: Aussie Dollar, Global Forces
In recent years, companies around the world have faced a number of difficulties in their operations, such as the rising price of petroleum, the shortage of energy, the Eurozone debt crisis, increasing labour costs, environmental pollution, ...
European textile and clothing companies are looking further afield for growth. The main causes are weak demand in the supply chain and cutbacks by retail buyers and consumers stemming from the eurozone crisis and fiscal tightening by EU ...
“In a disturbing report, the Federal Reserve announced that U.S. industrial production (manufacturing, mining, and utilities) contracted by 0.6 percent after strong gains in February and March,” said Cliff Waldman, senior ...
The downturn in the euro zone manufacturing sector deepened at the start of the second quarter of the year. Markit's Eurozone Manufacturing Purchasing Managers Index (PMI) was at 46.7 points in April, down slightly from 46.8 in March but ...
Tags: Euro Zone PMI, Mineral
High unemployment and the continued slowdown in economic growth in the Southern European crisis countries in particular is still hampering economic development in the European Union (EU). While the countries moving towards recovery are ...
Tags: GFK Consumer Climate, unemployment
The European ethanol physical price curve moved into contango this week as persisting high inventory in April collided with views that May could bring improved demand, sources said this week. A standard 1,000 mt fuel ethanol barge for ...
Tags: Ethanol Physical Price, Chemicals
Retail giant Tesco has reported pre-tax profits down 51% to 1.96bn – its first profit drop in 20 years – and revealed plans to close its US chain of Fresh & Easy shops in its full-year results for the 52 weeks to February 23. ...
Mothercare plc, the leading international mother and baby retailer, updates on Q4 trading covering the 11 week and 52-week periods to 30 March 2013 Highlights for Q4 - UK store closures ahead of plan, with 56 loss-making stores closed ...
Tags: Global Sales, Mothercare, Textile
In Q4 2012, activity in the Eurozone contracted by 0.6% (-0.1% in the previous quarter). The decrease in exports put a drag on GDP growth while domestic demand remained on a negative trend. However, in the first quarter of 2013, the ...