Gold futures extended their earlier losses on Friday, slumping to the lowest price in three months as investors shed the precious metal amid hopes for a debt deal in Washington. The most actively traded contract, for December delivery, ...
Tags: Gold futures, precious metal
Less tax for small businesses and more financial support for local government are on the cards as the Chinese leadership considers to start reforming the fiscal system. On August 1, the turnover tax was replaced by a value-added tax (VAT) ...
Tags: Fiscal Reform
U.S. crude-oil futures settled 1% lower Friday after the International Energy Agency warned that the U.S. fiscal crisis could harm demand and said supplies are rising faster than previously thought. Light, sweet crude oil for November ...
Tags: crude-oil, global oil demand
rue21, inc., a leading specialty apparel retailer of girls and guys apparel and accessories, and Apax Partners, a global private equity firm, announced the completion of the acquisition of rue21 by funds advised by Apax Partners for $42.00 ...
Tags: Apax Partners, Apparel Retailer
Chinese shipbuilders have been sailing toward bankruptcy in recent years, with China trying to consolidate the industry and bail it out from the woe of overcapacity. With delays in deliveries, order cancellations and price decreases for ...
Trucking conditions in the US improved in August, but they could begin to deteriorate in the fall as the effects of the new hours-of-service take hold. The FTR Trucking Conditions Index reached a reading of 9.52 in August, one full point ...
Tags: Transportation, Auto Parts
"What's the one thing that you need to be really, really worried about over the next two weeks," Eric Starks, president of FTR Associates, asked attendees at the 27th Annual Conference on Transportation Innovation and Technology yesterday. ...
Tags: Ceiling, Port Activity
Among other inconveniences, Washington's shutdown could make it harder to keep track of what is going on in a place just over 1,000 miles away from it: Cushing, Okla. Cushing, where several major pipelines meet, is where oil futures are ...
Tags: Oil Prices, Mineral
Oil prices declined Wednesday as a government report showed US crude supplies grew last year by the most in a year. The Energy Information Administration (EIA) said US crude supplies increased by 6.8 million barrels to 370.5 million ...
Tags: Oil Prices, Ample Supplies
Indonesia's PT Bumi Resources said on Wednesday China's sovereign wealth fund, China Investment Corp (CIC), has agreed to convert part of an outstanding $1.3 billion loan into stakes in the miner's PT Bumi Resources Minerals unit, its coal ...
Tags: Mining Units, PT Bumi Resources
China has introduced measures to curb photovoltaic overcapacity while seeking to expand domestic deman. China has put forth new rules to tackle overcapacity in its solar power industry. A document released by the Ministry of Industry and ...
Tags: Solar Power, Chemicals
Investment in equipment and software is expected to grow 3.3% in 2013, according to the Q4 update to the 2013 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation. Equipment and software ...
RPM International Inc. today said that outstanding performance in the company's consumer segment and more modest gains in its industrial segment resulted in significant increases in sales, net income and diluted earnings per share for the ...
Tags: RPM, Financial Position
Wolverine Worldwide reported record financial results for its third fiscal quarter ended September 7, 2013. The quarter included a full 12 weeks contribution from the Company's October 2012 acquisition of the Sperry Top-Sider, Saucony, ...
Darling International, a US-based provider of rendering and bakery residuals recycling solutions, is set to acquire Vion Ingredients, a division of Vion Food, for approximately EUR1.6bn. Vion Ingredients is engaged in the development and ...
Tags: Vion Ingredients, Food