Cement imports from Pakistan through Attari-Wagah route has almost come to a halt with record rise in US dollar against rupee, eliminating the viability for its import, traders said here. "There are no fresh orders taking place for import ...
Tags: Cement, Construction
Despite the continued challenging market environment, Henkel delivered a strong second quarter, according to the company. "We significantly increased both sales and earnings with all our three business sectors contributing. Our adjusted ...
Tags: Henkel, Construction, Chemicals
The Ifo Indicator for the world economic climate fell slightly. Both assessments of the current economic situation and the six-month economic outlook deteriorated somewhat. The recovery in the world economy is not really making any headway. ...
THE Australian dollar is lower, driven down by strong US data, a weak local inflation measure and a bleak federal government budget forecast. At 5pm AEST the local unit was trading at 89.07 US cents, down from 89.58 cents yesterday. The ...
Toyo Tire & Rubber Co. Ltd. announced plans to invest approximately $207 million (20 billion yen) to expand production capacity at its Toyo Tire North America Manufacturing Inc. (TNA) plant in White, Georgia. The company says the expansion, ...
Tags: Auto Parts, tyre
The Ifo Indicator for the economic climate in the euro area improved, but remains below its long-term average value. The current economic situation in the euro area brightened only slightly and remains at a low level overall. Expectations ...
Tags: economy
Containerboard price rises are like buses…nothing for ages and then three come along in quick succession. If you're sat there scoffing at the seemingly incredulous prospect of three rounds of price rises this year, I'm afraid that ...
Tags: Recycled Containerboard, Packaging, Printing
The Australian dollar was weaker as markets warmed again to the idea that the central bank will cut interest rates next month. "Domestic press speculation of an RBA rate cut in early August has weighed on the Australian dollar," RBC ...
Tags: Australian Dollar
The China Foreign Exchange Trade System (CFETS), also known as the National Interbank Funding Center (the Center), a sub-institution of the People's Bank of China (PBC), has announced that the RMB exchange rate on July 17, 2013, was 1 US ...
Tags: Cotton Import, Tariff Rate
The Australian dollar has hit a one-week high, getting a boost from the rising gold price and a good performance on Asian sharemarkets. At 5pm AEST, the local unit was trading at US92.59c, up from US92.22c yesterday. During the local ...
Tags: Australian Dollar, Gold Price
The Australian dollar rose after gold prices soared and weaker-than-expected American home sales figures put downward pressure on its US counterpart. At 7am AEST the local unit was trading at 92.49 US cents, up from 92.22 cents at ...
Tags: Australian Dollar, Home Sales
Mazda says it is on the path to remain profitable after having finally turned its fortunes around last year, marking the first time in five years the Japanese manufacturer has posted a profit. The company made $34.3 billion yen ($372 ...
Tags: Mazda, Auto Parts
A COMMENT by the Reserve Bank of Australia that Australia's tumbling currency would push up inflation over time fuelled a sharp rise by the Aussie in Asia today. In minutes of its July 2 policy meeting, the Reserve Bank of Australia said ...
The Australian dollar rose after US Federal Reserve chairman Ben Bernanke said the tapering of economic stimulus was not on a pre-set course. At 7am AEST the local unit was trading at 92.37 US cents, up from 92.08 cents at ...
The Australian dollar has fallen after China's finance minister Lou Jiwei said the world's second biggest economy would be unlikely to receive a massive stimulus this year. At 1700 AEST on Thursday, the local unit was buying 91.52 US ...
Tags: Australian dollar, Lou Jiwei