Seaborne iron ore prices reached a new historic low Tuesday as the Platts 62% Fe Iron Ore Index, or IODEX, lost $0.75/dmt on the day to reach $44/dmt CFR North China. It is the lowest point the IODEX has been since Platts' began spot ...
Tags: Seaborne iron ore, steel, ore
The India market’s demands for star labelled efficient products has doubled with falling prices and increased participation of private companies, as the country follows its commitment to lower carbon footprint ahead of climate change ...
Tags: LED Lamp, LED luminaires, LED streetlights
India-based United Breweries Group is seeking a buyer for its residual 4% stake in United Spirits worth Rs 22bn ($331m) to repay its loans. The development may also see its chairman Vijay Mallya quit his position in United Spirits by ...
Tags: UB Group, United Spirits
Touch panel maker TPK has announced net loss of NT$19.4 billion (US$600 million), or loss per share of NT$55.15 for the third quarter of 2015. The operating loss was primarily attributable to one-off asset impairment charges on ...
Tags: 3Q15, loss, touch panel, TPK
US-based food company B&G Foods has completed the acquisition of frozen and canned vegetable Green Giant and Le Sueur brands from General Mills for $765m in cash. The deal also covers inventory adjustment at closing worth $58m. B&G ...
Tags: B&G Foods, General Mills
Against the complex and changeable situation in Eurasia in 2014, China’s Ministry of Commerce braved challenges and firmly seized the opportunity to make breakthrough. China-Russia bilateral trade rose in spite of the unfavorable ...
Tags: Silk Road Economic Belt initiative, trade and economic cooperation
Taiwanese LED chip manufacturer Yang Hwa Technology owner Shih-Hsiung Chan was detained by police on Sept. 11, 2015 for suspected accounting fraud and market manipulation, according to a report by China Times. In mid-June, Chan was ...
Tags: insider trading, Yang Hwa Technology, market manipulation
The European Bank for Reconstruction and Development (EBRD) has given a €10m loan to Turkey’s dairy producer Mar Tuketim Maddeleri Ihracat Ithalat San. Ve Tic. A.S., which is known under the brand name Kay. The loan amount ...
Pinnacle Foods reported its financial results for the second quarter ended June 28, 2015 and raised its guidance for full-year adjusted diluted earnings per share to $1.89 to $1.91, representing the high end of its previous $1.86 to $1.91 ...
Tags: Pinnacle Foods, Grocery, Foods
The European Bank for Reconstruction and Development (EBRD) is providing €44.7m as loan to Coca-Cola Beverages Tajikistan (CCBT) for setting up a greenfield soft drink bottling plant in that country. Aimed at cutting down on imports ...
Tags: Coca-Cola Bottling, soft drink
The Chinese central government released a guideline to make agriculture more intensive and environmentally friendly on Friday, as they seek to ensure adequate and safe food supply. The guideline, issued by the State Council, or China's ...
Tags: fertilizer, pesticide
A guideline for China's Internet finance drafted by the central bank and other financial regulators will soon be released, said a central bank official on Sunday at a Shanghai forum. The guideline seeks to "promote the healthy development ...
The Government of India will soon come out with an interest subvention (subsidy) scheme for exporters, commerce and industry minister Nirmala Sitharaman has said. Speaking at a function in New Delhi, Sitharaman said the soon to be ...
China's new yuan-denominated lending reached 6.56 trillion yuan (1.07 trillion U.S. dollars) in the first half of this year, the central bank said Tuesday. The volume was 537.1 billion yuan more than that in the same period of last year, ...
Swiss specialty textile chemicals producer Archroma said it has entered into a senior secured credit agreement that provides for credit facilities totaling to around $515 million. According to an Archroma press release, the credit ...
Tags: textile chamicals production, specialty textile chemicals