Taipei, Oct. 16, 2012 (CENS)--Outstanding debt of the central government will top NT$5.27 trillion in 2013, 37.1% of the average GNP in the previous three years, a new high. Premier Sean Chen noted yesterday (Oct. 15) that with the ...
Tags: Taipei, debt, GNP, budgeted income
Reuters cited Mr Thomas Keller CEO of Codelco as saying that company expects the global copper market to swing into a slight surplus in 2013 after several years of deficit but the small excess will have little impact on prices. ...
Tags: copper market, copper price, global economy
US retailer Kroger has increased its full-year profit forecast after reporting a rise in third-quarter earnings. In the three-month period ended 3 November, earnings climbed to US$316.5m from $195.9m a year earlier, which included a ...
Tags: Kroger, profit, earnings rise, profit forecast
Reuters reported that London copper inched up after a prominent US lawmaker expressed confidence the world's top economy would avert a looming fiscal crisis but worries China's return to growth will be sluggish weighed on sentiment. ...
The bi monthly SteelBenchmarker TM Chinese HRB ex work soared 5.0% to USD 523 per tonne, for the fourth consecutive time. The World export HRB price increased 1.5% to USD 542 per tonne, FOB the port of export, for the second consecutive ...
Tags: SteelBenchmarker, HRB, HRB price, price convergence
Jan Fuchs has become the latest senior executive to leave Russian retailer X5 Retail Group. Fuchs, the head of X5's hypermarket operations, had "decided to leave the company", X5 said in a statement yesterday evening (28 August). The ...
Tags: Jan Fuchs, senior executive, X5 Retail Group
Bloomberg reported that Vale SA plans to accelerate growth in iron ore output to recover market share it has lost to competitors including BHP Billiton Ltd and Rio Tinto Group. Mr Jose Carlos Martins head of ferrous and strategy at an ...
Tags: iron ore, Vale SA, BHP Billiton Ltd, Rio Tinto Group
US poultry producer Pilgrim's Pride has reported its third consecutive quarterly profit, with the bottom line boosted by restructuring initiatives. The company said its earnings rose to US$42.9m in the July-to-September quarter, ...
POSCO became the first company in Korea to receive an AA grade for the 4th consecutive time in the Compliance Program. POSCO, since having acquired an AA grade in the Compliance Program, which was first started in 2006 by the Fair Trade ...
Tags: surcharges and exemption, official authority investigations
KUNA reported that Kuwait's crude oil exports to Japan jumped 25.3% in October from a year earlier to 8.19 million barrels or 264,000 barrels per day for the first expansion in 2 months. The Japanese Natural Resources and Energy Agency ...
Tags: steel scrap buyers, stainless steel, buy steel pipe, iron ore price news
Sainsbury's this morning (14 November) reported an increase in half-year profits, a period in which the UK retailer said it had "outperformed" its competitors. Pre-tax profits were up 2.5% to GBP405m in the 28 weeks to 29 September. ...
Tags: Sainsbury's, half year profits, increase, food industry
The results of the quarterly Manufacturers Alliance for Productivity and Innovation(MAPI)Survey on the Business Outlook indicate slowing growth for U.S.manufacturing over the next three to six months.But despite posting a 5 percentage point ...
Tags: MAPI, Business Outlook, U.S.manufacturing
In the week from December 3rd to 9th 2012,on the Orbis Steel Index the Turkish scrap index switched to sideways movement while the US(East Coast)HMS I/II scrap export index maintained its downward movement.In the given week,the Turkish HRC ...
Tags: Orbis Steel Index, scrap export index, HRC, CRC
US food manufacturer Lancaster Colony has booked a drop in full-year profits. In the 12 months to the end of June, earnings slid 9.9% to US$95.8m. Operating profits in the period dropped 2.5% to US$143.3m. Lancaster's speciality foods ...
Tags: Lancaster Colony, full year profits, drop, food industry
Superior Copper Corporation announced that it intends to complete a best efforts non brokered private placement financing of up to 6,000,000 hard dollar units at a price of USD 0.10 per HD Unit and up to 10,000,000 flow through units at a ...
Tags: Superior Copper, HD Unit, shares, exploration