Rising production costs and falling global crude prices are prompting Chinese oil companies to reduce output and explore other options for sustainable profit growth in the long term, a leading industry expert said on Tuesday. Part of the ...
Tags: crude prices, Crude Oil
China plans to levy a resources tax on coal based on sales value instead of production volume, as well as scrapping arbitrary levies on coal miners starting from December 1, taxation and fiscal authorities said over the weekend. ...
Tags: Resources Tax, Coal
Retailer enjoyed online growth of 60 per cent during the five weeks to December 27th, 2014. The Entertainer enjoyed a boosted Christmas sales period thanks a surge in customers shopping on its website. RetailWeek states that the toy ...
Tags: Christmas Sales Growth, Toys
The Buckle, Inc. reported comparable store net sales, for stores open at least one year, for the 5-week period ended Jan. 3 increased 2.5 percent. Net sales for the 5-week fiscal period ended January 3, 2015 increased 5.4 percent to $190.6 ...
Tags: net sales, Sporting Goods
Murata Electronics North America Inc (a subsidiary of Murata Manufacturing Co Ltd of Kyoto, Japan) and Peregrine Semiconductor Corp of San Diego, CA, USA have celebrated the closing of Murata’s acquisition of Peregrine. To ...
Kuwait-based Equate Petrochemical Company said it has successfully completed turnaround of its plants and also the first phase of the polyethylene plant debottlenecking project. As part of the exercise, all units were shutdown from ...
Tags: ethylene, polyethylene, ethylene glycol, Textile
According to CEPEA, cotton quotes have dropped significantly in the Brazilian market in 2014, especially after February and are lower than the government floor price since mid July. The CEPEA/ESALQ Index for cotton type 41-4 has dropped ...
General Motors has reportedly planning to cut prices for the 2015 CTS sedan in the US due to lack of demand for the vehicle. A spokesman confirmed the reports and saying that the company has informed Cadillac dealers about the price cuts ...
Tags: premium packages, best-selling luxury, Auto
December is normally associated with celebrating achievements and chalking out action plans for the year ahead. But for Andrew Mackenzie, the chief executive officer of mining giant BHP Billiton Ltd, December was the culmination of an ...
Tags: BHP Billiton, Miner
Graco Inc. has agreed to acquire the stock of Pennsylvania-based High Pressure Equipment (HiP) company for $160 million. The acquisition of HiP is subject to customary regulatory review and Graco expects to complete the transaction in the ...
Taiwan-based PV conductive paste maker Giga Solar Materials is expected to see orders from China grow, as a result of the US decision to reduce antitrust tariffs it set in 2012 for China-made PV modules, according to industry observers. ...
Tags: Giga Solar, PV modules, Lights
The US government has finished reviewing tariff rates imposed in 2012 on PV modules imported from China and decided to reduce the anti-dumping rates to an average of 1.82% and anti-subsidization rates to an average of 15.68%. The total ...
LED packaging service provider Unity Opto Technology has seen booming orders for LED lighting from the US and Europe with shipments scheduled through March 2015, the company said. Thus, Unity Opto is expected to ship 30-40 million LED light ...
Tags: LED Light, LED backlighting, Lights
U.S. online retail sales for the Christmas season, from November 1 to December 31, rose 15 percent year on year to $53.3 billion, according to comScore Inc. Cyber Monday, December 1, ranked as the heaviest online spending day of the year ...
Spain-based Emsur will start operations at its first American production facility in Elk Grove Village, Illinois, from January this year. Spread over 77,000ft2, it was opened in December 2014, reports FoodProduction daily.com. The ...