The Chinese government is struggling to meet its annual fiscal targets, finance minister Lou Jiwei warned Wednesday. The central treasury received 2.968 trillion yuan (about 446.4 billion U.S. dollars) from January to May, a year-on-year ...
Tags: fiscal targets
CSC’s chairman Sung confirms his company’s investment valued at NT$4 billion in developing solar power business (photo courtesy of UDN.com).The Taiwan-based China Steel Corp. (CSC), the island's largest steelmaker by size, has ...
Tags: CSC, electric power supply, steel market
Hornby is attempting to make the business profitable again following a loss of £13.5 million in what it has said was a "difficult and disappointing year". Hornby has revealed its plans to cut the number of toys it makes in an effort ...
Tags: pre-tax loss, Hornby
Grocery wholesaler, Metcash, has turned its profits around announcing a AUD$216.5 million profit after tax for the 12 months ended 30 April 2016. This is a vast turnaround on its AUD $384.2 million loss it reported for the prior 12 month ...
Tags: grocery wholesaler, ASX
American Packaging (APC), a flexible packaging converter in North America, is investing $50m in the first phase of a new satellite facility. Scheduled to be completed in 2017, Phase 1 of the gravure satellite project includes: 26.3 acres ...
Tags: APC, satellite facility, new jobs
China has announced it is delaying the introduction of regulations which would apply to cross-border e-commerce purchases of Australian food products. e-commerce product distribution compliance The new laws are to be delayed until May ...
Smith & Wesson Holding Corp. reported revenues rose 22 percent in its fourth quarter ended April 30 and earnings that easily topped Wall Street expectations. ADVERTISEMENT >Fourth Quarter Fiscal 2016 Financial Highlights Quarterly net ...
Electric Car Insider magazine has developed an interactive mobile EV Buyers Guide app for iOS tablets and mobile devices. The app helps people interested in electric cars learn about electric vehicle technology and find a car that fits ...
Tags: Electric Car, EV Buyers, air quality
Stora Enso has signed an agreement to divest the key assets of its Suzhou Mill in China, including the land-use rights and buildings, to the local government of Suzhou National New & Hi-tech Industrial Development Area (SND). During its ...
Tags: Paper Mill, Stora Enso
China faces two separate challenges: the long-term issue of a declining potential growth rate and the immediate problem of below-potential actual growth. Indeed, the government's supply-side reform strategy will go a long way toward doing ...
A May 25 Bloomberg report said that Chinese officials plan to ask their American counterparts during the upcoming eighth round of the China-U.S. Strategic and Economic Dialogue about the chance of a Federal Reserve (Fed) interest rate ...
Australian food manufacturing firm Patties Foods has accepted a $232m acquisition bid made by a private equity firm. Earlier this week, the company said it was approached by Pacific Equity Partners (PEP) with a takeover offer of $1.65 per ...
Domino Printing Sciences is set to introduce a new K600i B2 cut sheet-fed ink jet digital printing solution at drupa 2016 in Düsseldorf of Germany, which is being held from 31 May to 10 June. The K600i is a modular and scalable ...
Tags: Domino, Ink Jet, Digital Printing
Michigan-based sausage and specialty meats producer Kent Quality Foods is building its second processing facility in Jamestown Charter Township, Michigan, with an investment of $34.8m. Kent Quality Foods president Steve Soet said: "The ...
Global gold demand totaled 1,290 mt in the first quarter, up 21% from 1,070 mt a year earlier, as the biggest quarterly inflow into exchange-traded funds since 2009 offset a steep decline in jewelry demand, the World Gold Council said in a ...
Tags: gold demand, gold