Asia Economy news, Markets and Business Trends - Made-in-China.com

M&M Is Buying out Navistar Group's Stake in Two of Its Subsidiary JV Companies

Dec 19, 2012

Business Line reported that Mahindra and Mahindra Ltd is buying out Navistar Group's stake in two of its subsidiary JV companies for approximately INR 175 crore. Following the buyout,Chakan based Mahindra Navistar Automotives Ltd and ...

Tags: M&M, stake, Navistar Group

The US Department of Commerce Announced The Final Results of Its Administrative Review

Dec 19, 2012

On Monday,the US Department of Commerce announced the final results of its administrative review of the antidumping order on oil country tubular goods from China. The review covered the Chengde group of companies Jiangsu Chengde Steel ...

Tags: oil country tubular goods, DOC, Dumping Duty

The 300 MW Thermal Power Generation Unit of GMR Energy Ltd Was Synchronized

Dec 19, 2012

PTI reported that the 300 MW thermal power generation unit of GMR Energy Ltd was synchronized with the grid last week. The company said that the GMR group is setting up two units of 300 MW capacity each at its Warora Plant on Chandrapur ...

Tags: PTI, GMR, power generation

Australian Dollar Is Lower on Speculation About Chinese Growth and Further Rate Cuts

Dec 19, 2012

THE Australian dollar is lower on speculation about Chinese growth and further rate cuts by Australia's central bank. At 07:00 AEDT,the currency was trading at$US1.0530,down from$US1.0534 yesterday afternoon. BK Asset Management ...

Tags: Australian dollar, China, BK Asset Management, PBA, US

EC to Impose Pension Changes That Would Cost UK Businesses £350bn and 180,000 Jobs

Dec 18, 2012

The European Commission (EC) wants to impose pension changes that would cost UK businesses £350bn (eURO440bn) and 180,000 jobs, according to research commissioned by the Confederation of British Industry (CBI). Describing the ...

Tags: EC's Pension Proposals, Health, UK Business

London Copper Hit Its Highest in Almost Two Months on Monday After Data

Dec 18, 2012

Reuters reported that London copper hit its highest in almost two months on Monday after data showed China's factory output growth accelerated to eight month highs in November but lingering worries that the euro zone may return to recession ...

Tags: Copper, industrial metals, gains

The Indian Long Product Price Index ILPPI Went up by 3 Points on December 10th 2012

Dec 18, 2012

The Indian Long Product Price Index ILPPI went up by 3 points on December 10th 2012, whereas India Flat Product Price Index IFPPI remained stable. The overall Indian Steel Price Index INDSPI increases by 1 point. ILPPI - Long Product ...

Tags: Steel Price, Steel, Indian Steel

IBWA's Consumer Website Has Released a New YouTube Video

Dec 18, 2012

The International Bottled Water Association (IBWA)'s consumer website has released a new YouTube video, Meet Norman, that shows how bottled water bans are having an unintended effect by shifting consumption to less healthy drinks packaged ...

Tags: Bottled Water Bans, consumer website, Meet Norman

in November, The Consumer Price Index (CPI) Went up by 2.0 Percent Year-on-Year

Dec 18, 2012

In November, the consumer price index (CPI) went up by 2.0 percent year-on-year. The prices grew by 2.1 percent in cities and 1.9 percent in rural areas. The food prices went up by 3.0 percent, while the non-food prices increased by 1.6 ...

Tags: Consumer Prices, Bureau, Statistics of China

Dollar Was Little Changed Against Its US Counterpart

Dec 18, 2012

THE Australian dollar was little changed against its US counterpart yesterday,but it hit a 19-month intraday high against the yen as investors predicted Japan's new government would encourage a return to reflationary policy by the Bank of ...

Tags: Bank of Japan, Australian dollar, LDP, Japanese election

Ferroalloy Producers and Secondary Steel Makers Have Refused to Pay Power Bills

Dec 17, 2012

Business Standard reported that several ferroalloy producers and secondary steel makers in Andhra Pradesh has refused to pay power bills due on December 10th protesting the fuel surcharge adjustment being levied across the consumers by the ...

Tags: steel, steel market, fuel surcharge adjustment, fuel

Indian Ministry of Railways Has Formed JV with State Governments,Major Ports

Dec 17, 2012

The Indian ministry of railways has formed JV with state governments, major ports and other stakeholders in a number of gauge conversion, new line and other projects. The ministry of railways directly or through its Public Sector ...

Tags: railway, India, gauge conversion, railway project

Border Agency's Pound 385m ICW Project Runs Pound 28m Over Budget & a Year Behind Schedule

Dec 17, 2012

The Border Agency’s pound 385m Immigration Case Work IT (ICW) project is running pound 28m over budget and one year behind schedule, the National Audit Office has said. The agency is undertaking transformation of immigration and ...

Tags: Border Agency, ICW, National Audit Office

Kazakhstan's Refined Copper and Gold Output Rose in January to November 2012

Dec 17, 2012

Kazakhstan's refined copper and gold output rose in January to November 2012, while production of alumina, zinc and steel fell compared with the same period last year. Production of refined copper rose by 7.9% YoY to 332,620 tonnes in the ...

Tags: Copper Output, Gold Output, production of alumina, Kazakhstan

Rihanna Will Launch Her Third Fragrance

Dec 17, 2012

Rihanna, Grammy Award winning multi-platinum artist and cultural icon, will launch her third fragrance, Nude by Rihanna, on Black Friday at Macy's. Nude by Rihanna's seductive floral oriental blend envelops the body, evoking thoughts of ...

Tags: bottle, fragrance, perfumer