China's crude oil imports surpassed those of the United States in April, making it the world's largest oil importer, recent data showed. China imported 30.29 million tons of crude oil in April, or about 7.37 million barrels per day, data ...
Tags: Oil Imports, Crude Oil
The NDRC said the increase followed gains in international oil prices due to a tense geo-political situation in the Middle East and a weakening dollar.China has a pricing regime which adjusts domestic fuel prices when international crude ...
Vietnam, which has so far allowed duty free import of polyester staple fibre (PSF) could charge a 2 per cent import tax following a proposal by the ministry of industry and trade to encourage domestic production, a Vietnamese newspaper has ...
Tags: Import Tax, polyester staple fibre
Lower capacity utilisation drove down operating earnings by 23 per cent year over year at the fibre division of Eastman Chemical in the first quarter ended March 31, 2015. “First quarter of 2015 operating earnings dived to $90 ...
A leading domestic rating agency India Ratings has projected a 7.7 per cent growth this fiscal driven by domestic demand. The projection is marginally low from the official growth forecast of 7.9 per cent. "We expect GDP to grow by 7.7 ...
China may raise retail oil prices for a second time this month as a new window for adjusting gasoline and diesel prices opens on Friday, Gasoline and diesel retail prices are likely to be raised by more than 300 yuan (49 U.S. dollars) per ...
Tags: oil prices, gasoline
The National Development and Reform Commission, the nation's top economic planner, said on Friday that retail prices of gasoline would be hiked by 300 yuan ($48.55) a metric ton, or 0.22 yuan a liter from Saturday, while diesel prices would ...
Tags: Gasoline, gasoline prices
For the first quarter ended March 31, 2015, Danish industrial enzymes producer, Novozymes reported an 8 per cent year on year organic sales growth. In Danish currency, it posted a massive growth of 18 per cent from the prior year ...
Tags: Novozymes, Organic Sales Growth
When the oil price crashed last year, many assumed that the earliest casualties would be the small, nimble American companies that specialise in getting “unconventional” oil out of shale, tar-coated sand and the like. After all, ...
Tags: Oil Price, falling price
The World Bank’s East Asia and Pacific Economic Report April 2015 paints a favourable picture for Vietnam. According to the report, medium term projections reflect gradual improvement in GDP growth and macroeconomic stability ...
Tags: Vietnam's Growth, GDP growth
After a slowdown in demand in the second half of last year in many parts of Europe, coatings companies in the region have become less confident about the short-term future. However, despite economic forecasts of relatively slow growth in ...
RPM International Inc. has reported record sales for its fiscal 2015 third quarter ended February 28, 2015, but incurred an as-reported loss for the quarter due to a one-time, non-cash net charge for a tax accrual related to the possible ...
Tags: RPM International, record sales
LPG prices in South and East China rose this week after an explosion at a major LPG supply plant and a rise in crude oil prices early in the week, domestic trade sources said Friday, April 10. Dragon Aromatics' plant in Gulei, Fujian ...
Tags: LPG Prices, gas pipelines
Of the cross section polled, the majority said that they were more positive about their own personal finances and the state of the economy than they were in February. Consumer confidence is at its highest level for 13 years, according to ...
The Russian joint venture between PSA Peugeot Citroen and Mitsubishi, PCMA Rus is planning to suspend production of Peugeot, Citroen and Mitsubishi models in the country. The joint venture, which operates a plant in Kaluga, about 180 km ...
Tags: SUV, PCMA, Auto Parts