Yunnan Province-based Chinese steelmaker Kunming Iron & Steel Group Co. Ltd. (KISC) has announced that it plans to issue short-term bonds worth RMB 1.5 billion ($239 million) on March 22. The period of issuance of the short-term bonds is ...
Tags: steelmaker, steel, Steel Group
The sharemarket continued its fall yesterday, dropping back below 5000 points even though European and US markets brushed off concerns that plans for a deposit tax in Cyprus could reignite the European debt crisis. The benchmark S&P/ASX ...
Tags: sharemarket, Stocks, European Debt
It’s reported that the steel giant ArcelorMittal released its plan of US$3 billion in savings by end of 2015, through enhancing its reliability and productivity at its blast furnace as and reducing its fuel costs. The steel giant ...
Tags: steel giant, steel, steel industry
The 11th Five Year Plan growth targets for textiles sector were (a) cloth production to grow at the rate of 12 percent in volume terms; (b) clothing and apparel to grow at the rate of 16 percent in volume terms and 21 percent in value ...
Tags: fabric output, fabric, textiles sector
Tempur-Pedic International Inc., a leading manufacturer, marketer and distributor of premium mattresses and pillows worldwide, has completed its previously announced acquisition of Sealy Corporation. The Company also announced that it ...
The dollar edged lower after investors reacted negatively to an international bailout package for Cyprus that raised concerns about fresh upheaval in the eurozone. The eurozone has taken the unprecedented step of proposing a new levy on ...
Tags: Dollar, eurozone, risk assets
British insurer Legal & General has agreed to purchase a 46.5% equity stake in CALA Group (CALA), from Lloyds Banking, in a deal valued at nearly 210m. Based on the term of the agreement, the underwriter will acquire the stake as an equal ...
Tags: insurer Legal, Legal&General, CALA Group
The sharemarket suffered its biggest fall in more than three weeks yesterday and volatility soared as a controversial bank bailout plan in Cyprus threatened to reignite the European sovereign debt crisis. Cyprus proposed a tax on the ...
Tags: Investors, Cyprus Bank, economy
The sharemarket has opened higher amid views that investors overreacted to Europe's debt problems with heavy sell-offs yesterday. At 10.40am AEDT, the benchmark S&P/ASX200 index was up 26.3 points, or 0.52 per cent, at 5041.7. The ...
Tags: Stocks, Europe's debt, economy
A Flare-up in Europe's debt crisis has sent the sharemarket to its second-largest sell-off in nine months as investors fret about a run on European banks. After a bull run for local stocks since June in a period of relative calm in ...
Tags: Europe's debt crisis, economy, Cyprus
Dutch dairy cooperative Royal FrieslandCampina has reported a 26.9% increase in its full year net earnings to €274m, compared to €216m in 2011, driven by a higher operating profit and lower financing costs. The cooperative ...
Tags: dairy cooperative, dairy, FrieslandCampina
Most people in this country, when they sit down to eat one of the several meals they are likely to enjoy tomorrow, will never think about where the protein, vegetables and grains they consume came from. Many will probably pause a few ...
Tags: Agriculture, Food
South Korea's state-run Korea Gas Corp, the world's largest buyer of LNG, said Thursday it imported 34.97 million mt of LNG in 2012, up 2.9% from a year earlier. The state utility said it plans to import 37.90 million mt of LNG in 2013, ...
South Africa-based coal producer Coal of Africa (CoAL) has announced its financial results for the second first half of 2012, reporting a net loss of $111.7 million compared to a net of $74.7 million in the corresponding period of the ...
Tags: Coal, Metallurgy, Mineral
At the SteelOrbis Market Talks Meeting held in the northwestern Turkish city of Bursa on March 15, Sinan Sozen, executive vice president of Borcelik, one of Turkey's leading cold rolled coil and galvanized sheet producers, said that the ...
Tags: Metallurgy, Borcelik, Mineral