The Australian dollar slumped to a near three-year low during Asia trade after local economic data disappointed and Goldman Sachs warned the resource-rich country was at risk of a steep economic downturn. New government figures today ...
Tags: Australian Dollar, Service
China International Capital Corporation Limited (CICC), one of the leading Chinese investment banks, has announced a cut in its forecast for China's GDP growth for the current year from 7.9 percent to 7.7 percent, compared to GDP growth of ...
Tags: GDP Growth Forecast, CICC, 2013
Some predictions of surging global production of light, tight oil from unconventional source rocks may be overblown, with a of number of environmental and political question marks still hanging over the industry, delegates at a London oil ...
Petrobras to build center of excellence for the shipbuilding industry in Brazil Tuesday, May 14, 2013 The plans to build a center of excellence for the shipbuilding industry in Brazil were highlighted in the presentation made by Paulo ...
Tags: Petrobras, Shipbuilding Industry
High unemployment and the continued slowdown in economic growth in the Southern European crisis countries in particular is still hampering economic development in the European Union (EU). While the countries moving towards recovery are ...
Tags: GFK Consumer Climate, unemployment
Europe's broad FTSE Eurofirst 300 index finance/markets/index?symbol=gb%21FTPP">.FTEU3, which hit its lowest level of the year on Wednesday, opened up 0.2 percent while London's FTSE 100 .FTSE, Paris's CAC-40 .FCHI and Frankfurt's DAX ...
The Australian dollar fell sharply in Asian trading yesterday on news that economic growth in China, Australia's largest trading partner, was much slower than expected in the first quarter of this year. At 5pm AEST, the dollar was buying ...
Tags: Aussie Dollar, GDP growth
Steel demand in the the MENA (Middle East and North Africa) region is expected to grow by 3.2 percent to 65.2 million metric tons in 2013, after 2.2 percent growth in 2012, aided by reconstruction activities in the Arab Spring countries and ...
Tags: MENA Steel, Demand Growth, Mineral
According to the short range outlook of the World Steel Association (worldsteel) for 2013 and 2014, worldsteel Economics Committee revised down its global apparent steel consumption growth forecast to 2.9 percent from its October 2012 ...
Tags: steel, Metallurgy, Mineral, Energy
When I addressed a few hundred retailers at the Nationwide Marketing Group's recent Furniture Summit in Las Vegas, I had a simple message: Carry more bedding. And I had the statistics to back that message up. Bedding is the only major ...
Tags: Light Industry, Bedding
Investment in equipment and software is expected to grow 5.6% in 2013, according to the Q2 update to the 2013 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation. The Foundation ...
Tags: equipment, Software Investment
Mike Cowan's mathematical forecasting LRA model for the semiconductor industry is saying that the market will grow 6.6% this year to $310.7 billion. Cowan reckons Q1 shipments will be $73.7 billion and Q2 will ship $75.7 billion making a ...
Tags: semiconductor industry, Mike Cowan, mathematical forecasting
The Australian dollar fell as news that North Korea planned more rocket launches hurt sentiment already weakened by disappointing earnings from Apple and a downgrade to the International Monetary Fund's global growth forecast. At 4.08pm ...
Tags: Dollar, Aussie dollar, Australian dollar
The market for semiconductors used in power supplies is forecast to grow by 6.5% in 2013, following a largely flat market for power supplies in 2012, says market analyst IMS Research. Strongest growth is predicted for MPU/MCU/DSP/DSC ...
Korean sister brands Hyundai and Kia are predicting a slowing of sales growth for 2013, on par with figures from 2006. Bloomberg reports that Chung Mong Koo, chairman for both Hyundai and Kia, told employees at a new year address in Seoul ...
Tags: Hyundai, Kia, car, company news