Australia's Atlas Iron in May made its first iron ore sale for delivery into India and is looking to add other Asian and European destinations, it said in a presentation Tuesday. China has been Atlas' traditional offtake market, with the ...
Tags: Iron Ore, Iron ore prices
Residents in Tangshan are very familiar with the concept of oversupply. A severe glut in the steel industry has put many jobs at risk in the northeastern Chinese city that counts the metal as one of its primary exports. But the oversupply ...
Tags: Housing Market, Crashing Down
US-based Tyson Foods has submitted an offer to acquire packaged foods company Hillshire Brands in an all-cash deal of $6.8bn. Tyson's offer of $50.00 per share in cash is expected to provide Hillshire shareholders with an immediate ...
Tags: Tyson Foods, prepared foods
Cott Corporation’s UK/Europe business unit has purchased all subsidiary companies of Aimia Foods in a $133m deal.The acquisition price includes the payment of nearly $80m at closing plus an adjustment for working capital, $33m in ...
Tags: UK Business Unit, Aimia Foods
Customers are using less cash than ever as retailers make it easier and more convenient to shop and pay. New data reveals that a growing proportion of smaller payments previously made in cash are now being made in other ways. The ...
Tags: Cash, smaller payments
Momentive Specialty Chemicals Inc. announced results for the first quarter ended March 31, 2014. First Quarter 2014 Highlights -Total revenues increased 8% to $1.29 billion primarily reflecting increased volumes in our oilfield, ...
Global aluminum producer Alcoa has offered third-quarter term shipments at a $408/mt premium to London Metal Exchange cash, CIF Japan, Japanese buyers said Thursday. The premium is for primary aluminum ingot to be shipped to Japanese main ...
Tags: aluminum, Japanese market
Platts Chinese import premiums for Good Western aluminum rose to $330-360/mt CFR plus LME cash Wednesday from $270-280/mt a week earlier as premiums in Europe, the US and Japan remained high. Western producers' offers to Japan for third ...
Tags: Aluminum Import, Import Premiums
Goodyear Tire & Rubber Co. announced an update to its 2014-2016 capital allocation plan that will allow the company to invest approximately $500 million to build a new consumer tire plant to support demand in North America and Latin ...
Tags: Tire, Rubber Tire
The Wet Seal, Inc., a leading specialty retailer to young women, announced financial results for the first quarter of fiscal 2014 ended May 3, 2014. First Quarter 2014 Net sales for the quarter ended May 3, 2014, were $116.7 million ...
Tags: Wet Seal, e-commerce
Cleveland, Ohio-based Cliffs Natural Resources Inc. has announced that it is further reducing its expected 2014 capital spending range by approximately 25 percent, or $100 million, to $275-325 million. Cliffs indicated that the lower ...
Tags: Iron Ore, Natural Resources
Iranian petrochemical traders currently sell all their products on a CFR basis in Asia instead of FOB to avoid payment issues, trade sources in Iran and Dubai said Tuesday. "We sell products on a CFR basis in countries like China so as to ...
Tags: Petrochemical
European ultra low sulfur diesel premiums to the front-month ICE gasoil futures contract hit their weakest level in over four months Friday as large volumes flooded the region from the Americas and the Baltic. Northwest European cargo ...
Tags: low sulfur diesel, gasoil futures
Driven by the fanfare over (and overestimation of) the LCD display market, the LED front-end equipment market experienced an unprecedented investment cycle in 2010-2011. The market surge was driven mostly by MOCVD reactor shipments to new ...
Tags: General Lighting, LED TV
Amer Sports Corporation reports interim results for first quarter from January - March 2014. January-March 2014 The net sales were EUR 501.5 million (493.0) and also a solid, broad-based growth of 6% in local currencies, despite ...
Tags: Amer Sports