Sharp decline in orders led to sales at advanced weaving technology manufacturer Picanol Group plunging 25 per cent in 2014 as against in 2013. In a press release, Picanol said it realised a consolidated turnover of €418.2 million in ...
The Shanghai Gold Exchange will try to start offering the renminbi-denominated gold-fixing price this year, as an alternative to the dollar-denominated gold-fixing in London, a top bourse official said on Wednesday. SGE head Xu Luode said ...
Tags: Shanghai Gold Exchange, Gold Price
Global Packaging will expand its facility in the city of Hamlet in Richmond County, investing close to $9.8m that will lead to creation of 33 jobs over the next three years. Based in Oaks, Pennsylvania, Global Packaging specialises in ...
Agribusiness and food company Bunge’s North American operating unit has acquired the assets of Heartland Harvest, the manufacturer of die cut pellets used to make extruded foods. The financial details of the transaction have not ...
Tags: Bunge's North American, Heartland Harvest, extruded foods
Weston Foods, a subsidiary of Canadian food processing firm George Weston Limited, has acquired cakes producer Starr Culinary Delights. The acquisition forms a part of Weston Foods' commitment to grow and offer quality bakery products ...
Tags: Weston Foods, food processing, Cakes
China's largest oil refiner is seeking to cut its crude-purchase costs as the world's biggest energy consumer looks to benefit from the collapse in benchmark prices. China Petroleum & Chemical Corp, known as Sinopec, has set its trading ...
Tags: Sinopec, oil refiner, Crude Oil
China's auto industry saw total sales drop by 0.22 percent to 1.59 million units in February, the first year-on-year drop in two years, data from an industry association showed Tuesday. Sales of passenger cars increased 6.42 percent ...
Tags: auto industry, passenger cars
The future looks bright for electric cars in China amid rapidly fluctuating gasoline prices and huge investments by the government to promote use of clean energy, industry sources said on Monday. However, inadequate battery technologies ...
Tags: Electric Cars, Battery Production
As China's financial environment has deteriorated, the performance of its financial leasing industry has been mixed. Financial leasing companies associated with banks have continued to receive adequate liquidity, especially because banks ...
Tags: Bank, Financial Leasing Industry
At a time when Chinese sportswear and casual attire makers were busy clearing their inventories due to a less clear-cut brand orientation, China's domestic high-end designer brands seem to be enjoying better fortunes. Chinese high-end ...
Tags: Apparel Brands, sportswear, casual attire
Peer-to-peer lending, websites that allow individuals to borrow money from other individuals without going through banking middlemen, is facing its first serious government regulation as defaults undermine confidence in the online systems. ...
China will quicken the pace of implementing the strategy of free trade zones (FTZs) and turn institutional innovation into a strong impetus for the country's development, President Xi Jinping said Thursday.[Special coverage] To speed up ...
Tags: Consumer Electronics, China
China will stabilize its property market this year, with tailored, market-based policies to guide "stable and healthy development," according to the government work report delivered by Premier Li Keqiang Thursday.[Special coverage] ...
China's top economic planner said Thursday that Hong Kong was expected to play a bigger role in promoting the country's development. Xu Shaoshi, minister in charge of the National Development and Reform Commission, told a press conference ...
Freedom Foods has reported a Net profit of $55.2 million for the first half of the 2015 financial year. However, the Net Profit figure was boosted by the inclusion of a post-tax fair value gain of $52.2 million from the gain on ...
Tags: Freedom Foods, Agriculture