Finland-based steelmaker Ruukki has issued its financial results for the second quarter and the first half of 2013, reporting an operating profit of €17 million in the second quarter, increasing 70 percent year on year. Net sales ...
Tags: Ruukki, steelmaker
Oil prices surged on Thursday as economic data around the globe added optimism to economic growth. In the week ending July 27, the advance figure for seasonally adjusted initial jobless benefits claims decreased 19,000 to 326, 000, the ...
Tags: Oil Prices, Global Growth Optimism
The beverage can specialist today posted a 1% year-on-year increase in sales for the first half of 2013, at £1.97bn, while pre-tax profit slipped 2% to £169m. The London-based group said that global growth in beverage can ...
Tags: beverage, Agriculture, Food
U.S. manufacturers can breathe a sigh of relief that the global economy has taken a few steps back from the brink, with the Federal Reserve and other central banks playing key roles, according to a new report. In the Manufacturers ...
Tags: economy
Investment in equipment and software is expected to grow 4.8% in 2013, according to the Q3 update to the 2013 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation. The Foundation ...
Tags: Manufacturing, Processing Machinery, economy
OPEC's share of the global oil market is set to diminish further next year as surging supplies of oil from the US and other non-OPEC producers outpaces an expected acceleration in world oil demand growth, the International Energy Agency ...
Tags: Chemicals, Metallurgy, Mineral, Energy, Oil
The International Monetary Fund has lowered its oil price forecasts to $100.09/barrel in 2013 and $95.36/b in 2014. In April, the IMF forecast that oil prices would average $102.60/b this year and fall back to $97.58/b in 2014. However, ...
Conergy has been in negotiations on the short-dated entrance of a strategic investor. The company's creditors however failed to agree on the necessary unitarily and reliable affirmation of the concept in a timely manner. Now, unexpected ...
Tags: Service
Asia-based commercial vehicle manufacturer Mitsubishi Fuso Truck and Bus (MFTBC) has launched its Fuso MP300 city-route bus at the BusVic Maintenance Conference and Expo being held in Melbourne, Australia. The vehicle is powered by FUSO's ...
Tags: Mitsubishi, City-Route Bus
Global growth in IT spending is slowing, according to analyst group Gartner, which forecasts that total spending in 2013 will amount to $3.7 trillion, an increase of just two per cent on the $3.6 trillion that it believes was spent ...
Tags: IT, Computer Products, software
World GDP growth stabilized during the first quarter of 2013 at a moderate rate. In particular, in the advanced economies the situation improved with financial stress being further reduced and stock prices rising. The acceleration of ...
Tags: GDP growth, financial stress, Euro Area, emerging economies
OMNOVA Solutions announced a new business group management structure within its Performance Chemicals segment with the objective of more effectively leveraging its extensive technology and product capabilities and global infrastructure for ...
Rio Tinto has sold $US3 billion ($3.1bn) in corporate bonds in the US market, making it the biggest high-grade deal since worries about the Federal Reserve pulling back on its bond-buying program stymied new issuance. Underwriters ...
The US saw its biggest ever yearly rise in oil production last year as its booming shale oil industry continues to transform the global oil market, BP said Wednesday. At the same time, global proven oil reserves continue to grow and are ...
US based truck maker Navistar's South American subsidiary, International Industria Automotiva da America (IIAA), has started commercial truck production at the company's manufacturing facility in the Navistar Industrial Complex, Canoas in ...
Tags: Truck