According to a report by international credit rating agency Moody's, iron ore operations will support the profitability of vertically integrated CIS-based steelmakers, despite growing price risks on slowing demand from China and a supply ...
Tags: Steelmakers, Mineral
The Aluminum Corporation of China's 2013 alumina and refined aluminum production costs fell by 9% and 5%, respectively, year on year, the Hong Kong-listed producer said in its annual report filed with the Hong Kong Stock Exchange late ...
Tags: Aluminum Production, Mineral
The depreciation of the Chinese renminbi (RMB) in the last few days is likely to benefit the Chinese clothing sector, according to experts. In mid-February 2014, the exchange rate was US$ 1 = 6.06 yuan, which has depreciated to 6.15 ...
Tags: Clothing Sector, RMB Depreciation
The rally in the gold price lost some steam on Wednesday, after traders booked profits from the metal's strong showing in February and a stronger dollar curbed demand. In lunchtime trade on the Comex division of the New York Mercantile ...
Tags: Gold Market, Precious Metals
"The result for the first half of the financial year reflected solid growth in emerging markets, ongoing operating improvements and the benefits from recent acquisitions. Earnings per share, for the continuing operations, increased 22% to ...
Tags: Packaging&Printing, Amcor
Levi Strauss & Co. announced its first annual grant in support of causes important to the company founder. Company celebrates 185th birthday of blue jean inventor by continuing his philanthropic legacy. One of the earliest corporate ...
Shen Danyang, spokesman for China's Ministry of Commerce (MOC), has stated that the MOC holds a cautious but optimistic view on China's foreign trade situation in 2014 and is confident that the country's foreign trade will indicate similar ...
Tags: Customs data, Mineral
PHD Chamber of Commerce and Industry has suggested the Indian Government not to impose anti-dumping duty on imports of Purified Terephthalic Acid (PTA) into India in view of its demand supply mismatch, which according to latest estimates ...
Tags: PHD Chamber, PTA Imports
Australian iron ore development company BC Iron has announced its fiscal results for the first half ending December 31 of the financial year 2013-14, posting a net profit of A$70.3 million, significantly increasing compared to A$7.7 million ...
Natural-gas prices fell 17% since Monday, the largest two-day drop in the market more than six years, as investors continued to take profits from last week's rally. Futures for March delivery settled down 34.9 cents, or 6.4%, at $5.096 a ...
Tags: Natural-Gas, Mineral
Soybeans were higher on commercial and technical buying. USDA’s outlook forum projects soybean planting at 79.5 million acres, less than what many private firms were expecting, so it looks like beans are trying to buy some acreage. ...
The well-known story of Corning Inc.’s unsuccessful foray into the automotive glass market in the 1960s may have a happy ending sooner than you think. The Fortune 500 company’s development of a superior auto windshield using a ...
Tags: Gorilla Glass, Auto Industry
HOUSTON — Gallery Furniture's Jim McIngvale could've spent $8 million for two 30-second commercials during the Super Bowl earlier this month. Instead he's spending $7 million to make more than 1,000 customers extremely happy while ...
Tags: Super Bowl, Pigskin Promotion, Millennial, NFL league
China's rare earth industry suffered a sharp drop in profits in 2013 despite modest revenue growth, a report said. Industry revenue was close to 77 billion yuan (12.6 billion US dollars) last year, up 7.9 percent, but profits fell 28.1 ...
Tags: Rare Earth, Mineral
Hormel Foods Corporation today reported its performance for the fiscal year 2014 first quarter. All comparisons are to the first quarter of fiscal 2013. The company reported fiscal 2014 first quarter net earnings of $153.3 million, up 18 ...
Tags: Hormel Foods, Refrigerated Foods