Several dairy farms across China are dumping milk and ceasing operations, citing oversupply and cheap imports.TS This comes in response to slump in consumer demand across the country and increase in imports from countries such as ...
Tags: dumping milk, dairy farms, milk
Despite a recent slump in smartphone sales, Samsung shipped a staggering 665 million devices over the past 12 months, the company has confirmed. Given that the Korean manufacturer has multiple fingers in multiple tech-related pies, it is ...
Tags: Samsung, CES, Consumer Electronics
China's annual economic growth likely slowed to 7.2 percent in the fourth quarter, the weakest since the depths of the global crisis, a Reuters poll showed, which would keep pressure on policymakers to head off a sharper slowdown this year. ...
Tags: economic growth, GDP data
Russian GDP contracted by 0.5% in November and it is the first economy contract since 2009. According the data from Russian Economic Development Ministry, Russian GDP falls 0.5% in November and increases by 0.6% in the past 11 months. ...
Tags: Russian GDP, energy exports
Chinese carmaker BYD has announced that its chairman Wang Chuanfu has bought additional shares, raising his stake in the company to 23.1%. In a statement posted on the Shenzhen and Hong Kong stock exchanges, BYD said: "Wang Chuanfu, a ...
Tags: additional shares, Auto
China is likely to slash gasoline and diesel prices in the coming week due to sluggish domestic demands and a continuing crude price slump in the global market. The modern industries and living environments are built on the base of ...
Tags: Oil Prices, Mineral
Prices of both imported and domestically-produced LPG fell another 9-12% in China this week after sliding 10-13% last week amid lower Asian LPG values and weaker demand from the petrochemical sector, trade sources said Friday, December 12. ...
China's consumer prices in November grew by their slowest pace in five years, official data showed on Wednesday, raising the probability of more easing measures by the central bank. China's consumer price index (CPI), the main gauge of ...
Tags: consumer prices, November's CPI
China's crude oil imports rose 8% year on year to 25.41 million mt in November, or an average 6.21 million b/d, preliminary General Administration of Customs data released Monday, December 8, showed. The volume was also up 8.9% month on ...
Tags: Oil Product, Crude Oil
Believe it or not, the fourth quarter is traditionally a slow period for the diamond trade. That may be a stark realization for some, especially on the eve of Thanksgiving weekend that signals the start of the Christmas shopping season. ...
Tags: diamond trade, Arts
The Gaza Ministry of Agriculture is set to impose a ban on fruit imports from Israel, in a move to pressure Israel to allow vegetable exports from Gaza. Earlier this week, Israel stopped the vegetable produce from Gaza entering the ...
Tags: vegetable, Israeli Fruit, Agriculture
Coca-Cola is planning to launch new Fairlife milk across the US, with a strategy to expand profits. Expected to cost almost double the standard milk currently sold, Fairlife milk will be available for sale from December. Coca-Cola ...
Irish meat processor Dawn Meats has agreed to acquire 49% stake in Terrena’s beef processing arm Elivia, in a deal worth €40m. The move is in line with Terrena's strategy to boost its beef processing business outside its ...
Belgian brewing major Anheuser-Busch InBev is reducing its workforce and consolidating its sales division in the US, citing slump in sales volume. The move will affect employees from various divisions such as marketing and procurement, ...
Volkswagen's Spanish division SEAT is expected to stop selling its cars in Russia due to weak sales following economic downturn and its impact on local currency. Apart from other industries, cars have been hit badly due to the economic ...
Tags: economic downturn, oil prices, Auto