Asia
Asia
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Baosteel Released Its Price Policy for June
May 10, 2013Its’ reported that the Chinese steel giant Baosteel released its price policy for June. Baosteel decided to cut its domestic prices for hot rolled steel, cold rolled steel and galvanized steel products by RMB180/ton, RMB150/ton and ...
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Chinese Banks Fuel Expansion Overseas in Succession Due to a Profit Slowdown
May 10, 2013Chinese banks fuel expansion overseas in succession due to a profit slowdown rooted from the domestic economic downturn. For an example, Bank of Communications (BoCom, SEHK: 3328 and SHSE: 601328), the fifth-biggest commercial lender ...
Tags: economy, China Banks, Fueling Expansion
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Japan Imported Stainless Steel Products in March,Rising by 4.2% From a Month Ago
May 10, 2013According to data released by Japan’s Ministry of Finance, Japan imported 15,532 tons of stainless steel products in March, rising by 4.2% from a month ago. Meanwhile, the import prices averaged at US$3,086.79/ton, decreasing by 1.3% ...
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Sharemarket Has Closed Flat, Held Back by Weakness Among The Major Banks
May 10, 2013THE sharemarket has closed flat, held back by weakness among the major banks and expectations of a pause on interest rate cuts following the release of encouraging jobs figures. The benchmark S&P/ASX200 index was down 1.4 points, or 0.03 ...
Tags: economy
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China' LED Firms Slow Down The Pace of Price Cuts as LED Chipmakers Face Shrinking Profit
May 10, 2013China-based LED firms have slowed down the pace of price cuts as LED chipmakers face shrinking profit margins. Taiwan-based firms noted that China-based LED industry leader Sanan Optoelectronics has been limiting its price decline, easing ...
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PMI for Its Domestic Manufacturing Sector Was at 50.6 Percent in April This Year
May 9, 2013China's purchasing managers' index (PMI) for its domestic manufacturing sector was at 50.6 percent in April this year, down 0.3 percentage points compared to March, according to the figures released by China's National Bureau of Statistics ...
Tags: Manufacturing Sector PMI, Mineral
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Chinese Gold Imports Are Likely to Swell Further After More Than Doubling to a Record High
May 9, 2013Chinese gold imports are likely to swell further after more than doubling to a record high in March, as retail consumers pounced when prices plunged to a two-year low last month. China is the world's second-largest buyer after India, and ...
Tags: Mineral, Gold, Physical demand
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Sharemarket Surged to Its Highest Closing Level in Almost Five Years
May 9, 2013The sharemarket surged to its highest closing level in almost five years yesterday, with the materials sector leading relatively broad-based gains after China reported stronger than expected trade data, Wall Street hit record highs and spot ...
Tags: Stocks, China Data
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CSC Has Informed Its Customers to Release Leeway in May
May 9, 2013China Steel Corp. (CSC), the largest carbon steelmaker in Taiwan has informed its customers to release leeway in May. It’s learned that CSC postponed releasing leeway into Taiwanese market in April in order to lower the pressure of ...
Tags: China Steel Corp, Steel
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Australian Dollar Shrugged off The Reserve Bank of Australia's Latest Interest Rate Cut
May 9, 2013The Australian dollar shrugged off the Reserve Bank of Australia’s latest interest rate cut today, clawing back almost half of the value it lost yesterday, on the back of better Chinese trade data. The local unit traded around ...
Tags: China Surplus, Cool Dollar
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Companies Should Use High Dollar as Opportunity to Invest in Businesses Offshore
May 9, 2013Companies should be using the high dollar as an opportunity to invest in businesses offshore, says Francesco de Ferrari, a senior private banker with Credit Suisse. "Big companies should go on a shopping spree. The entrepreneurs get it ...
Tags: Credit Suisse Banker, economy
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Turkey's Exports of Steel Flat Products in Q1 of This Year,Jumping by 72% Year on Year
May 9, 2013According to data released by the Turkish Statistical Institute (TUIK), Turkey’s exports of steel flat products totaled 702,525 tons in the first quarter of this year, jumping by 72% year on year, driven by strong demand from Europe. ...
Tags: Steel Flats, Steel
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The Video,While Seabirds Fall to The Ground Dying,Has Been Released by Greenpeace
May 9, 2013The video, a spoof of Coca-Cola adverts featuring youngsters drinking the beverage, while seabirds fall to the ground dying, has been released by Greenpeace. Greenpeace’s beef with Coca-Cola Amatil stems from Coke’s decision ...
Tags: Greenpeace, Packaging
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An Instinctive Handle on Digital Technology Comes Hard-Wired Into The DNA These Days
May 9, 2013'Everything that can become digital will become digital – and print is no exception'; discuss. Well, actually, no need. An instinctive handle on digital technology comes hard-wired into the DNA these days; just check out the natural ...
Tags: Packaging, Packaging Industry
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The Family Members of 37 Tazreen Fashions Fire Victims Received Compensation Money
May 9, 2013The family members of 37 Tazreen Fashions fire victims, who were buried unnamed and later had been identified through DNA profiling, received compensation money on 07 May 2013, after six months of the tragic incident. The Prime Minister ...
Tags: Tarzeen Fire Victims, Textile
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