S&P Global ratings on
Wednesday released its first scorecard for metals and mining
companies that rates them on their environmental, social and
governance (ESG) credentials, an area of increasing ...
The coronavirus is putting Egypt's private cement industry under even more pressure. Already scrambling to respond to competition from a vast new factory owned by the military, the pandemic has stymied a nascent rebound in sales, raising the possibility of plant closures, industry executives and analysts say.
* Demand for cement in Egypt decreasing as supply increases. * Giant military plant added to saturated market in 2018. * State's mega-projects not offsetting fall in home building. The coronavirus is putting Egypt's private cement industry under even more pressure.
Copper hit its highest since
March on Thursday, buoyed by the prospect of higher demand from
top consumer China after data showed a strong performance in its
services sector.
China's ...
SYDNEY--The developed world's longest ongoing economic expansion is approaching its expiration date. Australia's 28- year growth streak survived a regional economic crisis in the 1990 s, a global economic crisis in the 2000 s, and a boom-bust cycle in its core commodity sector in the 2010 s. Now, a recession looms after the economy contracted in the first three months of the year, as catastrophic bush fires and restrictions to slow the spread of the new coronavirus took a heavy...
* April output falls much more than expected m/m. * Manufacturers see output dropping in May, rising in June. * April retail sales fall most since March 1998. * Jobless rate rises to highest level since December 2017. By Daniel Leussink.
* April output falls much more than expected m/m. * Manufacturers see output dropping in May, rising in June. * April retail sales fall most since March 1998. * Jobless rate rises to highest level since December 2017. By Daniel Leussink.
German chemicals association VCI on Wednesday said it expected production and revenues in the chemical and pharmaceutical sectors to drop this year, citing declining orders and supply chains disrupted by the coronavirus pandemic. Christian Kullmann, president of the association that represents chemical and pharmaceutical firms with operations in Germany, said: "2020 will be a difficult year."
In a letter to U.S. Trade Representative Robert Lighthizer marking the one-year anniversary of the removal of Section 232 aluminum tariffs on aluminum produced in North America, Aluminum Association President & CEO Tom Dobbins noted the continued importance of the exemptions to U.S. aluminum companies and workers.
Canada's main stock index hit a one-week high on Tuesday after an extended weekend, as rising oil prices lifted the energy sector, while positive results from an early stage trial of a COVID-19 vaccine added to optimism.
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