Business Line reported that a global bond issue of USD 1.5 billion and stake sale to reduce promoter holding to 75% in Adani Enterprises and Adani Ports are just some of the options that the Adani Group is considering to fund its coal ...
Tags: coal mining jobs, mining, coal mines, iron ore mining
OAO Mechel of Russia's largest coking coal producer won a tender for 55% of OAO Vanino Commercial Sea Port on the Pacific coast outbidding investor Mr Oleg Deripaska's En+ Group. VTB Capital the sale organizer said that Mechel offered RUB ...
Reuters reported that strike while the iron is hot, the old saying goes, and a legion of iron ore miners setting up in Canada's remote Labrador Trough want to do just that. But, for now, they have to wait. Iron ore, the main component of ...
Tags: iron ore price news, steel scrap buyers, stainless steel, buy steel pipe
Bangkok Post reported that a debt of THB 43 billion owed by Thailand's largest hot rolled coil steelmaker, Sahaviriya Steel Industries is placing pressure on its major lenders' share prices. The three major lenders are Krung Thai Bank, ...
Tags: debt loan, hot rolled steel, steel coil, steel industry
Shares in Ocado surged this morning(19 November)as the UK online retailer said it had extended its debt facility and would raise GBP35.8m(US$57m)in a placing to fund expansion of the business. In an announcement today,the retailer said ...
Tags: Ocado, fund expansion, expenditure facility
Mauritian sugar group Omnicane has increased its stake in UK-based ingredients, sugar and baking firm Real Good Food Co as it looks to improve its access to the European sugar market. Omnicane raised its stake in RGFC from 14% to 20% ...
Tags: RGFC, Mauritian sugar group, Omnicane
US retailer Stater Bros. has reported a drop in third-quarter profits as an increase in costs offset higher sales. Stater Bros., which runs over 160 stores in California, booked net income of US$7.2m for the 13 weeks to 24 June. A year ...
Tags: Bros, third quarter profits, sales, food company
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
STMicroelectronics is considering breaking itself up,reports Bloomberg.It is thought that the profitable analogue business will be split from the loss-making digital business,while the ST-Ericsson joint venture will be sold-probably to ...
Tags: STMicroelectronics, sales slump, break
Australian food manufacturer Goodman Fielder has agreed to offload its Integro commercial oils business to local grain trader GrainCorp. Goodman Fielder announced the A$170m (US$176.5m) deal today (28 August). The company, which is ...
Tags: Goodman Fielder, oils business, GrainCorp, Cargill
TORONTO — In its first report since becoming a public company last month, retailer the Hudson's Bay Co. said its third quarter loss widened slightly, although same store sales on both sides of the border were stronger than ...
Tags: Furniture
Maple Leaf Foods has agreed to sell its potato processing plant in Alberta, Canada, to Cavendish Farms for C$60m ($60.75m). The 142,000ft2 plant, located in Lethbridge, produces a range of frozen French fries, hash browns and specialty ...
Tags: Maple Leaf Food, potato processing, food plant, food industry
Shanghai Metals Market reported that LME aluminum continued to drift higher last Friday buoyed by positive economic data in Europe and the US. LME aluminum briefly dipped to an intraday low of USD 2,057 per tonne after opening at USD 2,060 ...
Tags: scrap metal prices, iron ore price news, scrap copper, aluminum
The increasing gap between the demand and supply of gas, due to rising demand and limited supply, is posing serious challenges before the GCC petrochemical industry, as the gap is likely to further widen in the coming years. While gas ...
Tags: demand, supply, GCC petrochemical, gas
Chinese PV industry has become focus of the whole world and Chinese PV enterprises are struggling in the predicament now.Analysis from professionals of the industry show that,key factors that cause predicament of the industry are mainly ...