US-based packaging products manufacturer Rieke has announced plans to invest about $7.5m to expand its Indiana facility by 2016. The investment will be used to install new equipment at the company's 73,360ft2 facility at Bellefontaine ...
China's manufacturing sector is gradually gaining strength and paving the way for a steady economy, two surveys showed Friday, though mixed signals remain in areas including new orders. China's official Purchasing Managers' Index (PMI) ...
China's consumer price index (CPI), a main gauge of inflation, rose 2.6 percent year on year in August, down from 2.7 percent in July, the National Bureau of Statistics (NBS) said on Monday. The country's consumer inflation has stayed ...
Tags: Inflation
The benchmark S&P/ASX 200 closed up 0.2 per cent at 4967.3 points after hitting a six-week low of 4927.9. Financials and consumer staples lent support, with ANZ, Westpac, NAB, Woolworths and Wesfarmers up 0.8 per cent to 1.5 per cent. ...
Tags: economy
Yesterday, Chancellor George Osborne delivered his Budget statement. He pledged to scrap a 3p rise in fuel duty, cut national insurance payments and raise the personal allowance to £10,000 next April. Every business in the country ...
Tags: Industry Chiefs, Packaging, Chancellor
Putting behind the gloom of 2012 Chinese economy and industry seems to be warming up for an auspicious entry into 2013 at long last. Q4 has seen sudden turn of events kindling hopes of revival in Chinese steel industry backed by impressive ...
Tags: Chinese Economy, steel industry, infrastructure projects, China
The HSBC’s final reading for the purchasing managers' index (PMI) for China’s manufacturing sector in December rose to 51.5, well above the preliminary reading of 50.9 published in the middle of the month and November's final ...
Tags: HSBC, China, PMI, manufacturing
The sharemarket ended the year on a sour note, falling for the first time in four days as the continuing US fiscal policy impasse weighed on market sentiment. However, the sell-off was limited by improved manufacturing data from China and ...
Tags: Local Stocks, Fears, US, Fiscal Impasse
Reuters reported that London copper was steady and was set to close the week little changed as traders focused on the progress in US talks to avert a looming fiscal crisis while also waiting for a crucial jobs report from the world's ...
Tags: copper, China's industrial production figures, copper contract
Reuters reported that Shanghai steel futures jumped 1.6 percent on Wednesday, tracking gains in equities, after China's next president said the state will fine tune policies to ensure stable economic growth next year, boosting the outlook ...
Tags: steel scrap price, buy steel pipe, steel tank, iron ore price news
Reuters reported that hopes are growing that China's economy will be in better shape in the H1 of 2013 after its new leader, who takes over in March, announced his commitment to pro growth policies, boding well for demand in the world's ...
Bloomberg reported that steel reinforcement bar futures posted the biggest weekly climb in more than two years on expectations a strengthening Chinese economy will boost demand. Rebar for May delivery rose 1.7% to close at CNY 3,656 (USD ...
Tags: steel reinforcement bar, steel, urbanization projects, metric tonne
Players in China’s polymer markets are expressing mixed forecasts for 2012. While there is general agreement that upstream costs will continue to support polymer prices, players hold divergent opinions about the macroeconomic outlook ...
Tags: market view