NYMEX January crude futures settled 88 cents lower at $85.89/barrel Thursday, while the rest of the complex also declined on a weak equities performance and US dollar strength. January heating oil settled 2.31 cents lower at ...
Tags: NYMEX, crude futures, weak equities performance, heating oil
The facility, initially planned for an amount of Euro 1 billion, was significantly oversubscribed with bank commitments reaching in excess of Euro 2.2 billion. This enabled Saint-Gobain to increase the size of the facility to Euro 1.5 ...
Tags: credit facility, construction markets, building materials
NYMEX January crude and ICE Brent futures settled lower Friday as bullish headline numbers on US unemployment were not enough to keep oil futures from weakening on macroeconomic concerns. January crude settled 33 cents lower at ...
PPG Industries’ senior vice president, finance and chief financial officer David B. Navikas will participate in the 2012 Citi Basic Materials Symposium in New York City on Tuesday, Nov. 27, at 9:30 a.m. ET. Navikas will discuss ...
Tags: PPG Industries, PPG CFO, Navikas
Citigroup is cutting 11,000 jobs,many in IT,as part of a restructuring announced Wednesday. The job cuts are part of a plan to save about$900 million through a variety of actions,including"increasing standardization and the use of ...
Tags: Citigroup, job cuts, IT, automated processes
Saudi Arabia's non oil economy is expected to witness robust growth of 7.5% in 2012 on the back of continued high government expenditure and increased domestic demand. The Citi Research report Prospects said that the approval of the long ...
Tags: Citi report, oil industry, oil
Fifty third Annual General Meeting of South India Mills' Association (SIMA) was addressed by Chairman Mr. S. Dinakaran. Meeting speech of Mr. S. Dinakaran: The year 2011-12 witnessed a significant slowdown in textile production mainly ...
Tags: textile sector, raw material prices, textile market, textile industry
The crisis ridden textile industry heaved a sigh of relief consequent to the announcement of textile debt restructuring package of Rs.35,000 crores by the Finance Ministry following the concerted efforts made by The Southern India ...
Tags: textile industry, textile market, textile, subsidy benefits
Citi Trends Inc. reported results for the third quarter of fiscal 2012. Financial Highlights – Third quarter ended October 27, 2012 Total sales in the third quarter ended October 27, 2012 increased 4.1% to $149.0 million compared ...
Tags: United States of America, Sales
"We favour opening up of trade with India with respect to the'Most Favoured Nation'(MFN)status granted to India recently by Pakistan.The textile sector from both India and Pakistan,should explore the competitive advantage inherent in both ...
Textile mills, either in India, Pakistan or Bangladesh, do not seem to be scrambling to book cotton stocks in advance despite reports of a fall in cotton production in India and Pakistan, both major cotton producing countries. According ...
Tags: textile mills, cotton stock, SIMA, CITI, textile
This will sound like music to the ears of cotton importing countries like China, Bangladesh or Vietnam and also to exporters of the white gold from India. Leaders from opposing Indian lobbies – both the raw cotton and the ...
Tags: white gold, cotton, textile, raw cotton, Cotton Exports
Exports of cotton yarn to China from both India and Pakistan have skyrocketed in the current year. In the process, China has now started importing cotton yarn in huge quantities instead of raw cotton that it used to import in the last 18 ...
Tags: yarn, yarn import, textile, spinner
Hong Kong-based Li&Fung Limited,the multinational consumer goods sourcing,distribution,and logistics group,announced it has appointed Ed Lam,MBA,CPA,as Chief Financial Officer in line with expansion of the senior management team to ...
Tags: Li&Fung, consumer goods, Ed Lam, CFO
Confederation of Indian Textile Industry (CITI) has stated that given the importance of cotton for the textiles sector of the country, it is important to use technology as a tool for increasing cotton productivity. In a statement here, Mr. ...
Tags: CITI, cotton, textiles, cotton productivity, cotton farming