US Representative Frank A. LoBiondo said that the Cumberland County Improvement Authority (CCIA) has been awarded a $2.5m grant from the US Economic Development Administration (EDA) to build a Food Industry Commercialization Center near the ...
Tags: LoBiondo, Food Industry
The Namibian government is working on a strategy to take maximum advantage of the African Growth and Opportunity Act (AGOA) that has been extended till 2025, the Namibian Press Agency has reported. The original Act expires on September 30, ...
Despite a sharp decline in oil prices, the world economic outlook is subdued, weighed down by underlying weakness elsewhere, says the International Monetary Fund (IMF) in its latest update to the World Economic Outlook (WEO). Compared ...
Tags: oil prices, world economic outlook, Textile
ICE Cotton traded slightly higher this week despite the nearby cash market grinding to a virtual standstill. Current crop export sales were just enough to support the market, while the attractiveness of SH 2014 offers at 1000 pts less than ...
Tags: Cotton Trends, cash market, crop export
In 2013, amid slowing economic growth and sluggish demand in China, economies overseas witnessed a gradual recovery. Under such circumstances, China's stainless steel imports declined, while its exports continued to increase. Stainless ...
Tags: Stainless Steel, Mineral
ICE Cotton settled almost 150 pts lower for the week at 85.83 c/lbs basis the H4, which wasn’t bad considering Monday started with a 300 pts sell-off. What looked like a near-term top above 88 cents now has to be viewed a bit more ...
Tags: ICE Cotton, Textile
Last Friday, the third quarter GDP report showed that the US economic growth rate to 4.1%. This is mainly thanks to business spending more than expected, and that indicates that the U.S. economy has fundamentally to continue strong ...
Tags: GDP, Economy, Economic Growth Rate
Oil demand growth in the US this year is likely to exceed that of China's for the first time since the 1990s, skewing overall global demand in favor of developed markets, investment bank Goldman Sachs said in a new report released Friday. ...
Tags: US, China, oil demand
Following three months of accelerating demand for design services, the Architecture Billings Index (ABI) reflected a somewhat slower pace of growth in October. As a leading economic indicator of US construction activity, the ABI reflects ...
Tags: Metallurgy, Mineral, Energy
BP’s business activities in the US helped generate more than $147 billion in economic impact in 2012 and support more than a quarter million American jobs, the company’s Group Chief Executive Bob Dudley will announce today in a ...
Tags: BP, US, economic impact, commitment, conomy
Swedish specialty steel producer SSAB has posted its financial results for the third quarter and the first nine months of the current year, reporting a net loss of SEK 520 million ($79.7 million) for the third quarter, compared to a net ...
Tags: Metallurgy, Mineral, steel
ACT Research president Kenneth Vieth may have summed up the US economic forecast best at ATA's All Eyes on the Economy session when he said "We came through the Great Recession and we are now in the Great Okay." Vieth was referring to ...
Tags: Transportation, trucking
The Pakistan Textile Exporters Association (PTEA) chairman Sheikh Ilyas Mehmood urged US to pay more attention towards the Free Trade Agreement (FTA) with Pakistan, as well as enhance the scope of Generalized System of Preferences (GSP) to ...
Tags: Textile, potential market
The US economy is at risk of getting seriously dented due to the US budget dispute. Admittedly, the direct economic consequences of the government shutdown will probably be next to negligible. "However, the strain on the economy should be ...
ICE Cotton futures traded unchanged on last week, with the main Z3 contract settling at 84.52 c/lbs. Physical supplies for delivery to mills through 2013 year-end are looking increasingly tight, as spot supplies of Australian, West African ...
Tags: ICE Cotton, Textile