Over 100 million Chinese travel abroad every year, buying more luxury goods than any other nation. Shopping for the perfumes and designer clothes that can cost them twice as much at home is a major travel incentive. However, China’s ...
Tags: luxury goods, perfumes, designer clothes
China's surprise devaluation of the yuan on Tuesday, when the country's central bank set the official value of the renminbi about 2% weaker against the dollar, has not hit the petrochemicals complex in a significant way, industry ...
Tags: polymer, carbide PVC
Hyundai Motor Group (HMG), which incorporates Hyundai and Kia brands, is injecting manpower and resources to boost its commercial vehicle (CV) wing for the low-volume, high-margin truck and bus sector. The carmaker is also bolstering its ...
Tags: Hyundai Motor, Commercial Vehicle
China's central bank has devalued the yuan by almost 2 per cent - its lowest rate against the US dollar in almost three years. The People's Bank of China (POBC) said the decision to devalue the yuan by 1.9 per cent was a "one-off ...
Tags: China Yuan, US dollar
Oil prices gained Monday as data showed China imported more crude in July. China imported 30.71 million tons of crude in July, up 29 percent on year to a record high, according to the data released Sunday by General Administration of ...
Tags: crude oil, Oil prices
U.S. specialty jewelry store sales fell 4.4 percent year on year to $2.703 billion in May, according to the latest government calculations. The decline was noticeable considering that preliminary sales of jewelry and watches across all ...
Tags: jewelry, watch sales
Affected by a variety of factors, including fallout from the Greek debt crisis, slowing growth in China coupled with its recent stock market slump, steady displacement of Taiwanese suppliers by mainland Chinese counterparts, sagging ...
In the first six months of this year, Taiwan exported US$10.12 billion of machinery, including US$1.64 billion of machine tools, both of which representing year-to-year decreases, with the total export inching down 0.4 percent and the ...
Tags: machinery exports, machine tools
US based apparel marketer Columbia Sportswear Company said its net sales for the quarter ended June 30, 2015 grew 17 per cent year over year and thereby created a record for second quarter sales. In a press release, Columbia Sportswear ...
Tags: Sportswear, apparel
Despite a disappointing start to 2015 with -0.2 GDP change in the first quarter, economic analysts are confident that America's GDP growth will hover just over 3 per cent for the rest of the year, says the Confederation of British Industry ...
Tags: US Economy, GDP growth
Revenue for the three months to June 30, 2015 at speciality chemicals producer Eastman Chemical Company rose 3 per cent year over year. “Revenue for the second quarter of 2015 amounted to $2.5 billion, up 3 per cent over the same ...
Tags: turbine oil, chemicals
The Hurun Luxury Consumer Price Index, an annual study that gauges levels of top-end individual spending in China, has contracted for the first time in eight years. The LCPI 2015 dropped 1.8 percent year-on-year, said wealth researcher ...
German petrochemicals producer BASF said July 24 that it expected the economic slowdown in China, margin volatility and growth uncertainty in Europe to be the biggest risks to growth for its chemicals division during the second half of the ...
Tags: Petrochemicals, oil
Johnson Matthey Process Technologies, a provider of advanced process technologies, and Rennovia Inc., a privately held company that develops novel catalysts and processes for the cost advantaged production of chemical products from ...
Tags: chemicals, coating, paint pigment, renewable feedstocks
LED maker Lumileds of San Jose, CA, USA has launched the LUXEON 3535L Color Line (joining its existing 3535L White LEDs), giving makers of emergency vehicle lights, signs, color tunable bulbs and architectural lamps access to single-color ...
Tags: electronics, LED, semiconductor, Lumileds