On August 23rd, Baoshan Iron & Steel Co., Ltd. (Baosteel Co., Ltd. for short) announced its investment acknowledgement to the public. According to the acknowledgement, Baosteel Co., Ltd. planned to solely increase 12billion yuan cash ...
Tags: Zhanjiang Steel, Mineral
Preliminary data on August Class 8 truck net orders from FTR Associates is showing a healthy 11 percent improvement over July. So far, August orders are sitting at 19,178 units. Compared to a year ago, that's a 21 percent increase. ...
Tags: Transportation, Auto Parts, truck
RenaissanceRe Holdings, a Bermuda-based reinsurer of natural and man-made catastrophes, has signed a deal with Munich Re to sell its American weather and energy risk management unit, RenRe Energy Advisors (REAL). REAL offers a wide range ...
Tags: RenaissanceRe, Munich Re
Class 8 orders improved in August, according to the latest data from FTR Associates. However, for the third straight month, orders came in at under 20,000 units, pointing towards a lower annualized rate of 244,000 units. Preliminary ...
Tags: Transportation
EMC today announced advances in its VNX line of midrange storage, which will now be built for flash first, and new capabilities for its VXPEX Proven Architecture portfolio. The storage giant also revealed that its software-defined storage ...
Tags: Computer Products, software
Advanced Micro Devices will start shipping its first ARM server chips to manufacturers for testing in the first quarter of 2014, a company executive said on Tuesday. "When our ARM chips start sampling, [the servers] will be [among] the ...
Tags: Computer Products, AMD
For its fiscal fourth-quarter 2013 (ended 19 June), optical networking and associated semiconductor technology firm JDSU of Milpitas, CA, USA has reported net revenue of $421.3m, up on $405.3m last quarter but down on $434m a year ago. ...
The British experts from the international metal analysis agencies point out that, global stainless steel production rose 2.9% in 2013, the output will reach 36.4 million tons. The expert points out, although stainless steel production ...
Tags: Stainless Steel, Metallurgy, Mineral, Energy
Smartphones with screen sizes of 5- to just under 7-inch, colloquially known as phablets, overtook shipments of each of the portable PC and tablet device categories in Asia Pacific (excluding Japan) in the second quarter of 2013, according ...
Tags: Smartphones, Portable PC
Best figures in 16 months suggest overall economic situation improving China's manufacturing industry picked up in August to its highest level since May 2012, suggesting a steady improvement of the overall economic condition, official ...
Tags: Manufacturing, economy
It's reported that China Steel Corp. (CSC), the largest carbon steelmaker in Taiwan announced to raise its domestic prices for most steel flat products for October and November deliveries, driven by rising steel prices in global market and ...
Tags: Construction, steel, taiwan
State-owned Chinese oil giant Sinopec has taken its first step into Egypt's upstream sector with a $3.1 billion deal to buy a 33% stake in US-based Apache's assets there. The deal is the first under in a new global strategic partnership ...
Tags: Metallurgy, Mineral, Energy
Chinese online apparel and accessory retailer Mecox Lane Ltd. (NASDAQ: MCOX) reported a net loss of USD 6.2 million for the quarter ended June 30 this year. It released unaudited financial results for the quarter on August 14 and ...
Tags: Mecox, webservice
The first official images of the all-new BMW X5 M50d have been released, revealing the diesel flagship’s unique styling ahead of its local arrival later this year. Sitting above the new rear-wheel-drive X5 sDrive25d, the xDrive30d ...
Tags: Diesel SUV, Transportation
The US Department of Commerce (DOC) has released the fourth quarter 2013 reference prices for hot-rolled steel flat products pursuant to the suspension agreement with Russia. The reference prices for the fourth quarter of 2013 (October 1 ...
Tags: Reference Prices, Mineral