Global steel giant ArcelorMittal has announced that it is investing around $15 million in the production of advanced high strength steel at its Vega do Sul flat steel rolling mill in the state of Santa Catarina in southern Brazil. The ...
Tags: steel, coating, automotive
The price of gold slumped below $1200 an ounce last Thursday, the lowest in more than 3 years, after the US Federal Reserve pulled back on its stimulus program, Xinhuanet.com reported. Though the price of gold has tumbled nearly 30% in ...
Tags: Gold, Gold Price, Economy
Japan's economy will grow 1.4 percent in fiscal 2014 on the back of healthy domestic demand, amid inflation of 1.2 percent — excluding the effects of the consumption tax hike in April, the government projected Saturday. The ...
In the third quarter of 2013, Daimler AG once again achieved significantly higher earnings than in the prior-year period. The Daimler Group's EBIT for the period of July through September amounted to €2,231 million (Q3 2012: 1,923 ...
Tags: Daimler AG, Mercedes-Benz Cars
HSBC has lowered its copper surplus forecasts for 2013 and 2014 and raised its outlook for the average price by 7%, the bank said Thursday. "We have cut our 2013 surplus forecast from 320,000 mt to 38,000 mt and our 2014 [forecast] from ...
Tags: Metallurgy, Mineral, Energy, Copper
Last week saw U.S. stock indexes climb to near record highs and the U.S. dollar fell to its largest decline in 5 weeks following the release of minutes from the Federal Reserve along with comments from Fed Chairman Ben Bernanke that ...
Gold futures on the COMEX division of the New York Mercantile Exchange on Wednesday went down to settle at their lowest in nearly two weeks, as the US faced opposition from Russia on a military strike against Syria, eroding demand for gold ...
Tags: Gold futures, Mineral
Major Chinese industrial firms saw their combined profits rise 11.6 percent year on year in July, quickening from the 6.3-percent rate seen in June that points to further evidence of a firming economy, official data showed on Tuesday. The ...
It was usually quiet Friday morning at the Baoshan Cement Co., Ltd. factory in east China's Jiangxi Province. The factory's production lines were shut down after it was put on a list of companies designated by the Ministry of Industry and ...
China plans to bring gigabit Internet speeds to its major cities by 2020, part of its effort to expand broadband among households in the nation.? The Chinese government set out the target in its new broadband strategy announced on ...
Tags: Internet Speeds, Computer Products
Construction expenditures in China are expected to rise 8.5 percent per annum in real terms through 2017. Ongoing urbanization and industrialization, rising income levels, further population and household growth, and the government’s ...
THE Australian dollar gained after disappointing US retail sales figures put pressure on the greenback. At 6.30am AEST the local unit was trading at 91.02 US cents, up from 90.87 cents at yesterday's local close. The Australian dollar ...
Tags: economy
THE Australian dollar is higher after the US Federal Reserve chairman eased concerns about the tapering of the central bank's economic stimulus program. At 1700 AEST on Thursday, the local unit was trading at 92.71 US cents, up from 91.96 ...
Tags: economy, Australian dollar
THE dollar followed a stronger gold price higher in Asia yesterday in a jittery session, with traders awaiting comments by the US central bank on the outlook for the economy. Late yesterday, the dollar was at US91.83c, up US1.25c from ...
Tags: gold price, gold, economy
BEARISH bets for the dollar are turning savage, with Credit Suisse slashing its forecast to US75c after conceding the currency is "normalising" quicker than it expected. In one of the biggest dollar calls in the market by a major bank, ...
Tags: Credit Suisse, dollar, bank