The Chinese government's latest move to combat tax evasion by imposing a consumption tax on MTBE and aromatics is likely to raise gasoline blending costs and make imports of finished gasoline relatively more cost-effective, industry sources ...
Tags: Tax on MTBE, Gasoline, aromatics
Concerns over the Fiscal Cliff are front and center when addressing concerns about the United States economy, and today's November Manufacturing Report on Business from the Institute for Supply Management (ISM) was further proof of that. ...
Tags: Fiscal Cliff, United States economy, Manufacturing Report, dipped
Compagnie de Saint-Gobain, a French supplier of construction materials, could give investors something to build on in the next 12 months. Its shares (ticker: SGO.France) could rally more than 20% as the company benefits from growing demand ...
Tags: Saint-Gobain, glass, construction
American International Group (AIG) and its affiliates have approved to disburse nearly $146.5m to all 50 states and the District of Columbia to settle a workers compensation premium dispute. Florida Insurance Commissioner Kevin McCarty, ...
Tags: American International Group, insurance, compensation premium dispute
Citizens Against Government Waste (CAGW) has reproved the US Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) for recklessly issuing mortgage insurance to thousands of ineligible borrowers. ...
Tags: CAGW, HUD, tax offenders
OCCG has operations in northern Mexico and the southern United States. OCCG employs 2,800 people (2,000 of whom are employed in Mexico), and is expected to generate $53m of earnings before interest, taxes, depreciation, and amortization ...
Tags: OCCG, acquire, packaging, recycled containerboard mill
By being aware of some of the differences you lessen the impact of culture shock and you make your life considerably easier. Here is a list of some of the more overt cultural differences of Western culture in relation to Chinese culture: ...
Tags: culture shock, cultural differences, food etiquette, crowds, smoking
US food and beverage company Dean Foods has entered into an agreement to sell its Morningstar Foods unit to Canadian dairy company Saputo for $1.45bn. Morningstar Foods is a producer of dairy and non-dairy extended shelf-life and ...
Tags: food, beverage, Dean Foods, sell, dairy
Swedish car maker Volvo Car is planning to build a $247m car plant in Brazil and build about 15,000-20,000 cars annually in the country. The final decision depends on Brazil's approval of the final details about auto-industry rules that ...
Tags: Volvo, new car plant, Brazil
Asian solvent-grade mixed xylenes prices surged $22/mt week on week to a 53-month high of $1,260/mt CFR China Friday on firm demand and low inventory in China over the past three weeks, according to Platts data. The last time the marker ...
Tags: mixed xylenes prices, solvent-grade mixed xylenes, fuel consumption, CFR
Japanese carmaker Mazda has launched its Demio 13C-V Smart Edition II compact car (Mazda2) in the country. The new FWD compact is powered by cmated to continuously variable transmission (CVT) and offers a 0.4km/L enhanced fuel economy ...
Tags: Mazda, compact car, continuously variable transmission
European reformate prices have dropped sharply as the Europe-China reformate arbitrage route has closed following a drop in domestic gasoline prices in China, sources said this week. Last week, the Chinese government decreased domestic ...
Tags: reformate prices, gasoline prices, energy
German car manufacturer Porsche is planning to speed up sell its remaining 50.1% stake in its sports-car business to Volkswagen to pave the way for cost savings and pare the debt. Though Volkswagen is keen to acquire the remaining stake, ...
Tags: Porsche, sports-car business, Cayenne SUV, Panamera four-door coupe
Canadian dairy firm Saputo has signed a deal to acquire the Morningstar business of Dean Foods. The US$1.45bn deal will be financed through a newly-committed bank loan, Saputo said today (3 December). The acquisition will help expand the ...
Tags: dairy, Morningstar, Dean Foods, acquire
Crawford & Company has reported that its second quarter 2012 consolidated revenues before reimbursements summed up to $293.8m, with an increase of 1% from $291.7m during the year ago period. Second quarter 2012 net income attributable to ...
Tags: Crawford, second quarter, revenue, insurance