Ice creams made in Russia are gaining popularity in China after Russian President Vladimir Putin brought them as a gift for President Xi Jinping during the G20 summit in Hangzhou earlier this month. Xi, who turned out to be a fan of ...
Tags: Ice Creams, Food
Cherkizovo Group, the largest vertically integrated meat and feed producer in Russia, announces its unaudited consolidated IFRS results for the period ending June 30, 2016. Second quarter financial highlights Revenue increased by 9% ...
People’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
The recent drop in the exchange rate between the Chinese yuan (RMB) and U.S. dollar, the so-called "black Monday" on China's stock market and successive steep fall of the primary commodity market allowed much of the world to accuse China of ...
Tags: stock market, RMB depreciation
Don’t be fooled by the pitch that touts shortage as a reason for investors to plough dollars into the diamond mining sector. In fact, like many other commodities in the world today, the diamond industry is also drowning in a supply ...
Tags: Diamond Supply, diamond mining
The Russian outdoor apparel and garment industry is trying for foreign investment in the sector. Representatives of the official Russian delegation at OutDoor, Europe’s leading trade fair for the outdoor sector in Friedrichshafen, ...
Tags: outdoor apparel, outdoor garment
Automobile markets in China and Russia are losing steam, bearing down on automobile manufacturers. On one hand, the euphoria set in by the recovery of European market post-recession fail to cheer up carmakers as their efforts to post ...
Tags: Volkswagen, Automobile markets
As PSS (patterned sapphire substrate) makers have been expanding production capacities, PSS supply has significantly increased and therefore Taiwan-based LED epitaxial wafer and chip makers have asked PSS makers to lower quotes for a 4-inch ...
Polished diamond prices remained under pressure in February. Sentiment improved ahead of the Hong Kong International Diamond, Gem and Pearl Show taking place from March 2 to 6 but trading volume was low and liquidity tight in the ...
Tags: Polished Diamond, diamond prices
General Motors has announced that the company will suspend production at its at its St. Petersburg plant in Russia due to fall in Ruble value. GM fully owns the St. Petersburg plant and has another joint-venture plant in Russia with ...
Tags: General Motors, Volatile Rublec, car
Russia’s meat company Cherkizovo announced that poultry sales have increased 22% year-on-year to 416,622 tonnes. While sales price for poultry grew by 18% in ruble terms, pork sales increased by 8% to 170,172 tonnes in 2014. Sales ...
Tags: sales price, pork sales, Agriculture
Update: Apple has increased the price of apps and games for iPhone and iPad on the iOS App Store to 79p. The cheapest price you can now pay for an app or game on the iOS App Store is now 79p, up from the previous 69p. That cost ...
Tags: APP, Store, Consumer Electronics
Russia's central bank failed to stem a further dramatic fall in the rouble on Thursday despite raising the headline interest rate to 10.5%. The central bank, which has used billions of dollars worth of foreign reserves in a desperate ...
Tags: Russia's Central Bank, ruble
It's reported that Apple announced to raise iPhone prices by 35% due to to a devalued ruble. After the adjustments, price of iPhone 6 with 16GB storage was 53990 ruble (US$856), much more than previous price 39990 ruble (US$558). Apple ...
With falling home prices and slowing growth, Beijing already has plenty on its plate. Such challenges are now fueling concerns about how the current Russian currency turmoil will impact the world’s second largest economy, and ...
Tags: Currency Depreciation, home prices, rubble