The People's Bank of China (PBOC), China's central bank, extended a 6-month medium-term lending facility (MLF) worth 250 billion yuan (over 40 billion U.S. dollars) at an interest rate of 3.35 percent to 11 banks on Friday. The extension ...
Tags: People's Bank of China, central bank, medium-term lending facility
PPG Industries has completed its previously announced acquisition of Cuming Microwave Corporation based in Avon, Massachusetts, and its wholly-owned subsidiary Cuming-Lehman Chambers, Inc., based in Chambersburg, Pennsylvania. Financial ...
Tags: Specialty Coatings, PPG, Specialty Materials, paint pigment, coating
ConAgra Foods, an American packaged foods company, is planning to exit its private label foods business as it looks to boost profit margins, cut costs and focus on its growing consumer foods and commercial foods segments. The plans to ...
Tags: ConAgra Foods, packaged foods
GE has inked a pact for selling its fleet operations in the US, Mexico, Australia and New Zealand to Element Financial Corporation for $6.9bn, as well as divested its European fleet businesses to BNP Paribas arm Arval. While the ...
Bangladeshi exporters, including apparel makers, will now have to pay 0.6 per cent tax at source on their income from export from the upcoming financial year, as the government slashed the rate from the proposed 1 per cent, according to ...
Tags: Bangla Apparel, Apparel
GfK’s UK Consumer Confidence Index has increased six points to 7 in June. All of the five measures used to calculate the Index saw increases this month. Joe Staton, head of Market Dynamics at GfK, says: “We’re seeing a ...
Plastic packaging giant RPC Group is surging ahead with more acquisitions to boost growth. Speaking at a media event in central London this week, chief executive Pim Vervaat said that the company was becoming a leader in plastic products ...
Tags: Plastic packaging, RPC Group, plastic products, packaging
China's central bank cut both the requirement reserve ratio (RRR), the amount of reserves banks required to hold, and benchmark interest rates on Saturday. The credit-easing move, to be effective on Sunday, aims to "support the real ...
Tags: Reserve Ratio, Interest Rates
The export value of United States hardwood to China jumped 34 percent year-on-year in 2014 as the country increased its demand for more sustainably sourced materials for its urbanization program and for environmental projects. The value ...
Tags: Hardwood, Hardwood Products
As Zubin Zarthoshtimanesh, a yoga guru, demonstrated postures at a high school stadium in Dujiangyan city, Sichuan province, some 200 students sat on colorful mats watching him closely. It was part of the first India-China international ...
Exagan of Grenoble, France, a gallium nitride (GaN) technology start-up that enables smaller and more efficient electrical converters, has raised €5.7m in first-round financing that will be used to produce high-speed power switching ...
Tags: GaN-on-Si, GaN switching device
The government of Canada is investing $1.5m in Prince Edward Island (PEI) potato industry to help farmers in detecting and removing foreign material from potatoes. The move comes in response to recen t challenges faced by the region over ...
Tags: potato industry, potatoes
Industrial thread and consumer textile crafts marketer Coats Group plc opened the day’s trading on the main market of the London Stock Exchange on June 23, 2015. “The London Stock Exchange market open ceremony celebrates ...
Tags: London Stock Exchange, Industrial thread, textile crafts
Line-X Protective Coatings, the global leader, developer and provider of high performance protective coatings, announces the grand opening of their first-ever master franchise in Australia. Based in Welshpool, the store includes a ...
For its fiscal fourth-quarter 2015 (ended 3 May), fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has reported revenue of $320m, up 4.5% on about $306m both a year ago and last quarter. The ...
Tags: Finisar, OpEx, Electronics