Global thermal coal market undergoes pangs of oversupply and poor demand. 2012 has been game changer with US emerging as potent supplier domestic energy demand being met by shale gas making coal mining redundant. However the vacillating ...
Tags: coal market, coal price, coal export, coal
Aviva is gearing up to dispose more than half its remaining shareholding in Delta Lloyd, the Dutch insurer, in an strategy of its restucturing plan. The UK insurance major said nearly 37 million shares will be disposed at €10.75 a ...
Tags: Aviva, insurance, shareholding, Dutch insurer
According to statistics released by the Korea Iron and Steel Association (KOSA), South Korea's production of hot rolled coils (HRC) increased by 3% year on year to 30.41 million tons in the first ten months of this year, in spite of weak ...
Tags: hot rolled coils, production of hot rolled coils, HRC Output
Countries in Southeast Asia such as Vietnam, Malaysia, and the Philippines have sufficient sunlight hours which is suitable to develop a strong solar market. Vietnam has relatively high sunshine hours of 2,067 hours per year but lacks ...
Tags: Southeast Asia, solar markets, subsidies
Reportedly, most of the stainless steel service centers in Taiwan announced to remain its prices unchanged for December in response to the list prices of Yieh United Steel Corp. (Yusco). It's learned that Yusco announced to keep its ...
Tags: Stainless Steel, stainless steel service centers, Stainless Steel prices
Taiwan-based solar conductive paste maker Giga Solar unveiled a solar-power generating plant in Tainan, southern Taiwan on October 26, 2012. Nevertheless, this 1.2MW plant may be the last one of this size built in Taiwan. According to ...
Tags: Giga Solar, government, market
MMK expects volumes of finished steel products in Q4 2012 will be affected by the seasonal slowdown in business activity on the domestic market. At present, world steel prices are close to their lowest level, and MMK does not expect a ...
Tags: MMK, steel products, steel prices
Schnitzer Steel Industries Inc announced its market outlook for its first quarter of fiscal 2013. During the first half of the quarter, both export and domestic sales prices for ferrous metals dropped approximately USD 50 per ton from ...
Tags: Schnitzer Steel, ferrous, auto parts
Swiss food company Nestléis set to open a$200m plant in Karawang,West Java,Indonesia,in the first quarter of 2013. The plant,which is the company's fourth facility in the country,is located on a 28.8-hectare plot in Surya Cipta ...
Tags: infant cereals, chocolate malt drinks, production capacity
Tesco is "likely" to quit the US, CEO Philip Clarke admitted today (5 December), after the UK's largest retailer confirmed it is reviewing its options for its Fresh & Easy business in the country. Clarke said Tesco was "considering all ...
Tags: Tesco, quit, hit hard, unprecedented crisis
Japanese carmaker Nissan has reported 16.7% rise in its sales to 2,625,410 units during first half (H1) of 2012, while the domestic sales also increased 31.1% to 366,569 units during the period. Nissan's global production during H1 ...
Japanese car maker Toyota Motor (TMC) has started exporting the Etios series sedans and hatchbacks of cars from India to South Africa. Toyota Kirloskar Motor (TKM) Indian production and sales subsidiary of the Japanese carmaker is aiming ...
Tags: Toyota, India Starts Export, South Africa
Mazda Motor and Ford will invest $27m in their AutoAlliance Thailand (AAT) joint-venture plant in Rayong, Thailand. The new investment will increase pickup truck production capacity by 20,000 units per year, to 140,000, starting this May. ...
Tags: Mazda Motor, Ford, robotic equipment, AAT investment
German carmaker Volkswagen has launched the second generation model of its Santana in China. VW's new Santana is be powered by two newly developed naturally aspirated four-cylinder petrol engines, including 1.4-litre and a 1.6-litre ...
Tags: Volkswagen, Santana, China
Brazilian food company BRF Brasil Foods has reported that its net revenues increased by 14.3% to BRL7.2bn ($3.4bn) for the third quarter of 2012, compared to BRL6.2bn ($2.9bn) for the same period in 2011. The company posted net earnings ...
Tags: net revenues, net earnings, sales volume