Leo W. Gerard, international president of the United Steelworkers (USW), has testified before the US Senate Banking, Housing and Urban Affairs Committee, reiterating his opposition to lifting the long-standing crude oil export ban, ...
Tags: crude oil, export ban
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
China's iron ore demand is falling, but its share of imports from mining giants Australia and Brazil is rising, which is squeezing smaller miners and curbing their supply. China imported 453.1 million mt of iron ore in January-June, with ...
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 ...
Although the production capability of China-based notebook ODMs is still too small to make a significant impact on their Taiwan-based counterparts, the notebook supply chain in China stands a chance of expanding their presence in the global ...
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
Net income at US based value-added and recycled fibres producer Unifi, Inc climbed 46.52 per cent year over year for fiscal ended June 28, 2015. A Unifi press release informed that net income for fiscal 2015 totaled to $42.2 million or ...
Tags: textile manufacture, fibres
Global 2015/16 cotton output is projected at 111.5 million bales, 6 per cent or 7.5 million bales below 2014/15 and the smallest global crop since 2009/10. According to the latest USDA July report, production declines are noted for most ...
Tags: textile manufacture, cotton, cotton outputs, yarn
As demand for crystalline silicon solar cells produced in countries other than Taiwan and China has rebounded mainly due to higher than expected US final anti-dumping and anti-subsidization tariffs on imports from China and Taiwan, prices ...
Tags: silicon solar, PV modules
Exports of cotton from India to China fell to 26 lakh bales in financial year 2014-15, showing a sharp fall of 56.72 per cent compared to 61 lakh bales exported in the previous financial year, according to the Indian Government. The lower ...
Tags: textile manufature, cotton, cotton export
Wal-Mart Stores, Inc. has announced that it has acquired the outstanding shares in Yihaodian, taking full ownership of its fast-growing e-commerce business in China. Wang Lu, president and CEO of Walmart Global e-commerce in Asia, will lead ...
Bangladesh Prime Minister Sheikh Hasina has urged the foreign buyers to raise the price of garment products, saying that this money would be spent for further welfare of the country's four million readymade garment (RMG) workers, the ...
Tags: aaparel and clothing, garment products, readymade garment export
Prices for mobile DRAM memory are set to fall substantially due to excess smartphone inventory, according to sources at memory makers. Disappointing smartphone sales have led to high levels of inventory in the supply chain, said the ...
Tags: mobile DRAM, smartphone
Although UV technologies were first introduced around 20-30 years ago, it is still considered not to be a mature sector with plenty of innovations needed to overcome barriers to greater efficiencies. Over the last few years growth in ...