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Fibre2Fashion
9h ago
China's major industrial companies saw profits increase by 4.3 per cent in Q1 2024, rebounding from a 2.3 per cent decline in 2023. Enterprises generating over 20 million yuan (~$2.82 million) in revenue totalled profits of 1.51 trillion yuan (~$208.39 billion). Notably, 28 out of 41 industrial sectors, including consumer goods, reported profit growth ..read more
Fibre2Fashion
9h ago
Despite the US economy’s strength being expected to moderate a bit in the coming months, Deloitte’s baseline forecast remains optimistic, and it expects the economy to continue to perform well in the short term, thanks to strength in the job market, consumer spending and exports. Exports are projected to grow by more than 4 per cent this year ..read more
Fibre2Fashion
9h ago
Aramco is exploring the formation of a JV with Rongsheng for the Saudi Aramco Jubail Refinery Company. The cooperation framework entails Rongsheng potentially acquiring a 50 per cent stake in SASREF and developing a liquids-to-chemicals expansion project. Aramco may acquire a 50 per cent stake in Rongsheng's affiliate, Ningbo Zhongjin Petrochemical Co. Ltd ..read more
Fibre2Fashion
9h ago
An affiliate of SK Capital Partners, LP has sold Foremark Performance Chemicals, Inc. to affiliates of CC Industries, Inc. Foremark, acquired by SK Capital in 2017, specialises in natural gas sweeteners and chemical building blocks. SK Capital's managing director praises Foremark's achievements and anticipates its continued success under new ownership ..read more
Fibre2Fashion
9h ago
Circa and Merck finalise a partnership for Cyrene, a sustainable industrial solvent. Cyrene offers an eco-friendly alternative to traditional toxic solvents like DMF. This agreement aims to meet global demand for safer solvent options amid environmental concerns. Cyrene's recognition as a sustainable product highlights its potential for diverse applications ..read more
Fibre2Fashion
9h ago
Bangladesh’s economy is now in the yellow zone due to high inflation, depleting foreign currency reserves, development budget dependency on deposit financing and rising default loans in banks, economists and experts said. So the next budget should focus on reforming the revenue structure to increase direct taxes, they told a pre-budget discussion ..read more
Fibre2Fashion
9h ago
Sika opens advanced facility in Lima, Peru, to produce synthetic macro fibres. These macro fibres enhance concrete structures, reduce construction time and costs, and extend their lifespan, aligning with sustainability goals like LEED certification. With growing demand expected, Sika aims to meet the region's infrastructure needs efficiently ..read more
Fibre2Fashion
9h ago
In north India, cotton yarn prices have decreased by ₹2-3 per kg in Ludhiana and Delhi market due to reduced demand and low cotton prices. Upcoming elections in Haryana are causing subdued trading in Panipat. Meanwhile, a slight rise in domestic cotton futures slightly boosted cotton prices, with a noticeable drop in arrivals across north Indian states ..read more
Fibre2Fashion
9h ago
The German parliament’s lower house has passed a reform of the Climate Protection Act that will significantly overhaul how targets for reducing greenhouse gas emissions are implemented. But a few environmental groups and the political opposition have criticised the reforms, under which, compliance will no longer be monitored retrospectively by sector ..read more
Fibre2Fashion
9h ago
The China-Ecuador free trade agreement (FTA) will become effective from May 1 as domestic approval processes are over on both sides, China has announced. According to the FTA signed in May 2023, nearly nine-tenths of the products traded between both countries will be exempt from tariffs, while about 60 per cent of them will immediately enjoy zero tariffs ..read more