Michigan-based thermoplastics distributor Chase Plastics has broke ground for a new distribution center at South Bend, Indiana. Construction work will start tomorrow, and the plant is scheduled to become fully operational by December. ...
Glass container manufacturer Owens-Illinois (O-I) is buying Mexican company Vitro's food and beverage glass container business for around $2.15bn, to gain a competitive position in the Mexican glass packaging market. O-I will acquire ...
Tags: Owens-Illinois, Glass Container, Packaging
A joint yoga-tai chi demonstration will take place at the Temple of Heaven in Beijing on May 15 to honor Prime Minister Narendra Modi's maiden visit as head of government to China. Around 200 people from the 'Yogi Yoga' center will perform ...
China is set to boost local debt swap by admitting municipal bonds as collateral for borrowing. Under the new rule, banks can pledge municipal bonds as collaterals in the central bank's repurchase agreement operations and other liquidity ...
Phoenix Footwear Group, Inc., the parent of Trotters and SoftWalk, reported first-quarter sales grew 16.7 percent to to $6.7 million from $5.7 million a year ago. The company saw growth in both its Trotters and Softwalk brands during the ...
Tags: Phoenix Footwear, Footwear
The diamond market is slowly becoming more disciplined. It needs to. With high rough prices, declining polished, less available credit and lower retail inventory levels, it has become increasingly difficult for diamantaires to turn a ...
Tags: diamond market, diamond industry
Steel markets in China showed little reaction to the central bank's third interest rate cut in six months Sunday, May 10, with some citing the small magnitude of change as a reason. Spot offers for 18-25 mm diameter HRB400 rebar, a key ...
Tags: Steel Market, Iron Steel
The Australian retail sector is expected to see a further slowing in growth nationally, with the AFGC CHEP Retail Index showing growth of 4 per cent year-on-year in the March quarter, slowing to 3 per cent by the June quarter. Within this ...
Tags: Retail Sales, retail sector
The annual rate of inflation across the Group of 20 largest economies increased for the second straight month in March. Economists had forecast a smaller rise in the consumer price index (CPI) to 2.6%. Annual inflation has been running ...
Ethiopia based Awassa Textile will undertake an expansion project under which it will double its production through an investment of Birr 168 million. According to a leading Ethiopian daily, to undertake the expansion, Awassa Textile ...
Tags: Awassa Textile, textiles
The 10th Cross-Strait Economic, Trade and Culture Forum, a regular meeting between the Chinese mainland and Taiwan, was held Sunday in Shanghai. Yu Zhengsheng, top political advisor and senior leader of the Communist Party of China (CPC), ...
More steps necessary to reverse trend, says government think tank China may need more time to reverse the current economic downturn than previously expected, and further measures are necessary to prevent an accelerated cooling, a leading ...
Tags: economic downturn, China economy
The grocer is predicted to unveil a loss of up to £5bn in its full year results this Wednesday. Tesco is expected to reveal its worst results in history with full-year results unveiling a loss of £5bn on Wednesday. It is ...
Tags: Tesco, Tesco grocer
French dairy group Lactalis has got approval from Brazilian antitrust authority to purchase the dairy units of food processor BRF SA in a deal worth $594m. Lactalis will execute the deal through its Parmalat subsidiary in Brazil. ...
Tags: dairy group, Lactalis, Dairy
Al Safi Danone Iraq will receive around $18m in investment from World Bank Group member IFC to expand its dairy operations to enhance domestic food security. This is a part of World Bank Group's strategy to encourage South-South ...
Tags: Al Safi Danone Iraq, food security