THE Australian dollar is lower, driven down by strong US data, a weak local inflation measure and a bleak federal government budget forecast. At 5pm AEST the local unit was trading at 89.07 US cents, down from 89.58 cents yesterday. The ...
THE Australian dollar continued to fall after it was reported that claims for US unemployment insurance benefits last week fell to a five-year low. At 6.30am AEST the local unit was trading at 89.29 US cents, down from 89.58 cents at ...
Tags: economy
Braskem announces results for the second quarter. Net Revenue In 2Q13, Braskem’s consolidated net revenue was US$4.6 billion, similar to the previous quarter. In Brazilian real, net revenue amounted to R$9.5 billion, increasing 2% ...
Tags: Petrochemical
THE dollar dipped below the US90c mark yesterday as expectations of a rate cut next week rose following bearish rhetoric from the Reserve Bank governor. At 5pm AEST the local unit was trading at US89.58c, down from US90.16c on Wednesday. ...
Overall, the global economic recovery was muted during the first quarter of the year under review, though there were signs of a bottoming out. Regionally, the U.S. economy recovered at a gradual pace, getting a boost from improved ...
Tags: economic recovery, Seiko Epson
Toyo Tire & Rubber Co. Ltd. announced plans to invest approximately $207 million (20 billion yen) to expand production capacity at its Toyo Tire North America Manufacturing Inc. (TNA) plant in White, Georgia. The company says the expansion, ...
Tags: Auto Parts, tyre
The Ifo Indicator for the economic climate in the euro area improved, but remains below its long-term average value. The current economic situation in the euro area brightened only slightly and remains at a low level overall. Expectations ...
Tags: economy
Checkpoint Systems, Inc. reported financial results for the second quarter ended June 30, 2013. Second Quarter GAAP Results: Net revenues from continuing operations in the second quarter of 2013 decreased 3.1%, 2.5% on a constant dollar ...
Tags: Checkpoint Systems
Containerboard price rises are like buses…nothing for ages and then three come along in quick succession. If you're sat there scoffing at the seemingly incredulous prospect of three rounds of price rises this year, I'm afraid that ...
Tags: Recycled Containerboard, Packaging, Printing
Business confidence levels are showing signs of stabilising, with the year-end outlook for profits, sales, employment and capital investment beginning to level out. After declining through much of the year, initial expectations for the ...
The Australian Federal Government has awarded $7.3 million to 13 automotive suppliers to help them “develop new markets beyond the automotive sector”. With Ford having announced it will close its manufacturing operations in ...
Tags: Automotive Suppliers
The Federal Government has announced a further $200 million funding boost for the Australian automotive industry and mandated a 100 per cent Australian-made target for the purchase of Commonwealth fleet passenger cars. Industry minister ...
Tags: Automotive Industry
According to report, JSW Steel’s July crude steel production was 991,000 tons, rising 47% from the same period last year. Production for flat rolled products rose 64% year-on-year to 796,000 tons and long products production rose ...
Dr. A Sakthivel, Chairman AEPC, releasing the data on the apparel exports for the month of June stated that, “Apparel exports were to the tune of US D 1240 million in June 2013-14 with increase of 12.13 per cent against the ...
Tags: Indian Garment
BASF increased sales by 3% in the second quarter of 2013 to just under €18.4 billion thanks to higher sales volumes in all segments. Income from operations (EBIT) before special items decreased by 5% to around €1.8 billion. In the ...
Tags: Construction, Decoration