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China Makes Headway in Steel Capacity Cut
Aug 11, 2016Efforts to reduce China's steel production overcapacity are forging ahead according to plan, the top economic planner said Wednesday. In a medium-term roundup of the drive, the National Development and Reform Commission (NDRC) said, in an ...
Tags: steel production, overcapacity
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Hansol Paper Plans to Reduce Debt for New Investment
Aug 3, 2016South Korea’s paper manufacturer Hansol Paper will speed up deleveraging effort to improve financial state that includes rights offering to be able to afford to venture into new areas for growth. Debts shot up as the company shifted ...
Tags: Hansol Paper, Paper
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Invest in Infrastructure for Sustainable Growth
Jun 8, 2016China faces two separate challenges: the long-term issue of a declining potential growth rate and the immediate problem of below-potential actual growth. Indeed, the government's supply-side reform strategy will go a long way toward doing ...
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PSG Swings to a Fiscal Q3 Loss on Retailer Bankruptcies
Apr 19, 2016Performance Sports Group Ltd. swung to a net loss in the fiscal third quarter ended February 29 as expected due to a precipitous drop in baseball and softball sales, retail bankruptcies and the impact of currency exchange rates on its ...
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Supply-Side Reform to Keep Chinese Economy Fit
Jan 4, 2016One change will certainly be deeply felt in China's economy in 2016 and more time come: supply-side structural reform. "Supply-side structural reform is an urgent task that cannot afford any delay, otherwise the 'sickness' will become ...
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China External Debt at 1.53 Trillion Usd by September
Dec 31, 2015China's outstanding foreign debt settled at 1.53 trillion U.S. dollars by the end of September, data from the country's forex regulator showed on Wednesday. Most of the debt owed to foreign creditors resulted from short-term borrowing, as ...
Tags: External Debt
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Russian Expert Praises Anti-crisis Measures Adopted in China's Key Economic Meeting
Dec 24, 2015The Chinese government is taking absolutely adequate measures to handle slowing economic growth and an increase of certain imbalances, a leading Russian expert has said, commenting on China's key economic meeting held last weekend. "What ...
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Cooke Seafood Initiates Offer to Acquire Fripur
Dec 24, 2015Cooke Seafood Group has initiated an offer to acquire Uruguayan seafood company Fripur S.A. Cooke's exclusive investment banking advisor for the deal is Antarctica Advisors. The acquisition offer was in line with the Court's ...
Tags: Cooke Seafood Group, Fripur S.A., Food
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Dry Bulk Atlantic: Panamax Owners Consider Lay-UPS on Weak 2016 Outlook
Dec 15, 2015The Panamax dry bulk short period freight market is currently trading below operating costs and some owners may be tempted to lay up their vessels as the outlook for 2016 is very weak, sources said. The Panamax short period market is ...
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Genius Foods to Acquire Chapel Foods for pound 3.5m
Nov 26, 2015Gluten-free bakery company Genius Foods is acquiring gluten-free pastry products manufacturer Chapel Foods for £3.5m. Under the terms, Genius Foods will acquire operations of Chapel Foods and its production facility in ...
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Asian Iron Ore Prices Hit $44/Dmt, Lowest Recorded on Iodex
Nov 25, 2015Seaborne iron ore prices reached a new historic low Tuesday as the Platts 62% Fe Iron Ore Index, or IODEX, lost $0.75/dmt on the day to reach $44/dmt CFR North China. It is the lowest point the IODEX has been since Platts' began spot ...
Tags: Seaborne iron ore, steel, ore
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The Recovery of Euro Zone Economy
Nov 3, 2015In order to breath life into the flagging euro zone economy and fending off deflation, The European Central Bank is poised to announce a plan to buy government bonds, resorting to its last big policy tool. Market expectations are sky-high ...
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Gao Hucheng: To Cooperate for the Prosperity of Regional Development with the Help of the China-Korea Free Trade Agreement
Oct 20, 2015People’s Daily published the signed paper of Minister of Commerce Gao Hucheng’s To Cooperate for the Prosperity of Regional Development with the Help of the China-Korea Free Trade Agreement on June 2. The full text follows: ...
Tags: China-South Korea FTA, textile, garment, steels, liquid crystal display
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Official from the Department of Foreign Investment Administration of the MOFCOM Comments on the Influence of Improving the Quotation of the Middle Exchange Rate of RMB against the U.S. Dollar
Oct 16, 2015People’s Bank of China published the statement on improving the quotation of the middle exchange rate of RMB against the U.S. dollar on August 11. RMB depreciates against US dollars almost 4.6% in 4 days. This is the biased correction ...
Tags: foreign trade situation, rate of RMB against the U.S.dollar
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Painful Situations Be Unavoidable in Mature Phase
Oct 15, 2015“The (Chinese) LED industry is in deep waters, and only a few manufacturers will survive in the next few years,” said several industry insiders during recent interviews with LEDinside’s editorial team in China. With the ...
Tags: LED industry, Chinese LED market