Foreign direct investment (FDI) into the Chinese mainland rose 1.3 percent in October from a year earlier, standing at 8.53 billion U.S. dollars, the Ministry of Commerce (MOC) said on Tuesday. The rate of growth was lower than the 1.9 ...
Tags: FDI, financial sector
UK-based Dairy Crest has agreed to divest its Dairies operations to Müller UK & Ireland for £80m, citing slump in profits during the six months ended September. The transaction includes production plants at Foston, Chadwell ...
Tags: fresh liquid milk, Dairy Crest, Agriculture
Gold demand dropped in China during the third quarter of the year to a five-year low amid slumping prices and a nationwide anti-graft campaign, the World Gold Council said on Thursday. According to the WGC, the latest trends put China ...
Tags: Gold demand, Gold Products
Diageo is postponing plans to expand production capacity in Scotland citing reducing demand for spirits. According to the company, the slump in demand for spirits is due to economic slowdown across the globe. Earlier in 2012, Diageo ...
UK-based Dairy Crest has agreed to divest its Dairies operations to Müller UK & Ireland for £80m, citing slump in profits during the six months ended September. The transaction includes production plants at Foston, Chadwell ...
South Australia's family-owned brewery, Coopers, said it experienced ongoing growth during the 2013-14 financial year with record sales and turnover figures. Its profits, however, dropped by 9.1%. Coopers is now the largest ...
Irish producer of alcoholic beverages C&C Group has reported 2.7% slump in operating profits to €69.2m during the six months ending August. The company said that its earnings before interest, tax, depreciation and amortisation fell ...
Tags: C&C Group, Operating Profits, Food
Speaking at the 48th annual meeting of worldsteel (World Steel Association) held in Moscow on October 6, Hans Jürgen Kerkhoff, chairman of the worldsteel Economics Committee said that with a seven percent negative GDP growth expected ...
Tags: steel demand, real estate sector
Mumbai & India-based producer of speciality chemicals, Pidilite Industries said it has acquired the adhesive business of Ahmedabad-based Bluecoat Private Limited. The transaction was concluded on a slump sale basis for a consideration of ...
Indian steelmaker JSW Steel's joint managing director Seshagiri Rao has told CNBC TV18 that JSW Steel will import 10 million mt of iron ore this year, rising from the planned 6 million mt, "after having seen severe shortages in India and ...
The iron ore industry is worried about a further collapse in prices as the Chinese government has signaled it is abandoning its aggressive policy stimulus to boost economic growth, according to media reports. China's Finance Minister Lou ...
Tags: Iron Ore, industrial output
General Mills is planning to halt operations at its cereal plant and yogurt factory in the US, a move that would cut down the company's workforce by 600. The move is in line with the company's previously announced strategy to save $100m ...
Tags: General Mills, cereals
China's manufacturing sector expanded in August but at a significantly slower pace, as production rates and new orders softened. The Flash China Manufacturing PMI, published by HSBC in conjunction with Markit Economics, fell 1.4 points to ...
Tags: Manufacturing, Processing Machinery, China Manufacturing
Recent soft economic data including falling property prices have many investors worried about a growth slowdown in China, but Platinum Asset Management sees plenty of investment opportunities. The funds manager said in a note to investors ...
Tags: China Economy
China's state-run media are trying to do something the securities industry has failed to accomplish for much of the past three years: get the world's biggest population to buy more stocks. The official Xinhua News Agency published at ...
Tags: Stocks, China economy