China's new forex rate formation mechanism is credit positive as it will increase currency flexibility and support China's capital account liberalization, said Moody's in a recent report. The People's Bank of China on Tuesday adjusted the ...
China's surprise devaluation of the yuan on Tuesday, when the country's central bank set the official value of the renminbi about 2% weaker against the dollar, has not hit the petrochemicals complex in a significant way, industry ...
Tags: polymer, carbide PVC
Poland has reportedly put forward plans to invest in food processing technologies and farm machinery in the Indian state of Punjab. The move is expected to double the bilateral trade between the two countries to $5bn by 2018, Financial ...
Automotive giant Ford has flagged off F-650/F-750 medium-duty trucks at Ohio assembly plant in the US, which was previously manufactured in Mexico. Ford The Americas president Joe Hinrichs said: "Our investment in Ohio Assembly Plant ...
Tags: Medium-Duty Trucks, pickup truck
Electric motors and motion subsystems firm Johnson Electric Holdings will purchase Stackpole International group of companies, an engine and transmission pumps powder metal components supplier for automotive sector in a deal valued at ...
Tags: Electric motors, motion subsystems
China's central bank has devalued the yuan by almost 2 per cent - its lowest rate against the US dollar in almost three years. The People's Bank of China (POBC) said the decision to devalue the yuan by 1.9 per cent was a "one-off ...
Tags: China Yuan, US dollar
China aims to build a world-class utility tunnel network by 2020 to improve urban planning and achieve quality growth, according to the State Council, China's cabinet. The tunnels will help solve the problems of "road zippers" and ...
Tags: tunnel network, heating cables
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
Housewives compare prices every day, including Zhang Ming, a 60-year-old retired woman who frequents a supermarket in Beijing's Fengtai district. On Sunday morning, she spent 45 yuan ($7.30) on 1 kg of pork fillet. "It's amazing ...
Tags: Pork, vegetables
China's producer prices continued to fall in July, pointing to looming deflation risk, data from the National Bureau of Statistics (NBS) showed on Sunday. The producer price index (PPI), a measure of costs for goods at the factory gate, ...
Tags: PPI, PPI contraction
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
Chinese LED enterprises are spending a fortune in acquiring foreign manufacturers in 2015. A couple of examples include Shenzhen Kaifa Technology (Kaifa) recent acquisition of U.S. LED manufacturer Bridgelux, Shanghai Felio Acoustics ...
Tags: LED industry, LED Chip
Researchers from China are collaborating with a crop eco-physiologist with the Texas A&M AgriLife Research and Extension Center in Uvalde toward the goal of improving cotton production in south central Texas, AgrilLife said in a press ...
Tags: cotton, corn, wheat crops
In the first six months of this year, Taiwan exported US$10.12 billion of machinery, including US$1.64 billion of machine tools, both of which representing year-to-year decreases, with the total export inching down 0.4 percent and the ...
Tags: machinery exports, machine tools
Basecoat-clearcoat exterior topcoat systems by PPG Industries’ aerospace coatings group have been qualified at Airbus that offer appearance, production, operating and maintenance benefits. High-solids DESOTHANE HD/CA 9008 ...
Tags: intermediate coating, PPG