Basic Materials

Nestlé Expects Chocolate Demand to Drop as Cocoa Prices Rise

Nestlé warns of potential reduced chocolate consumption due to soaring cocoa costs, which may force price hikes and impact consumer demand.

Gold Production on Pause as Mining Industry Reveals Gold Becomes Difficult to Find

The gold mining industry struggles to ramp up gold production due to declining deposits, financing, and regulatory challenges as gold prices increase...

Interior Construction Firms Accused of Rigging Million-Dollar Tenders; Singaporean Watchdog Issues Legal Notices

Two interior construction firms are accused of rigging million-dollar tenders. A Singaporean competition watchdog shares the details...

Chinese Scientists Develop Cheap Aluminum Alloy with Record Thermal Resistance, Six Times Stronger than Standard Alloys

Chinese scientists at Tianjin University developed a cost-effective aluminum alloy with remarkable strength and heat resistance, revolutionizing aerospace and industrial applications...

Latest News

Wesfarmers secures AUD 304 million through sale and leaseback of assets
Wesfarmers Ltd was able to gather AUD 304 million through a lease securitization deal with a special purpose entity.
Appeals court rules in favor of National Credit Union Administration for MBS claims
The US Court of Appeals in Denver ruled for the National Credit Union Administration and allowed it to use the extender statute to pursue its claims against big banks regarding MBS.
Housing market recovery boosts Home Depot's sales
A recovery in the US housing market lifted the sales and earnings of Home Depot.
Removing Fannie and Freddie from the mortage market is a challenge: analysis
Bethany McLean of Reuters wrote that it would be a challenge to remove government sponsored enterprises from the US mortgage market.
American Homes 4 Rent to fire employees after loss
American Homes 4 Rent (AMH) announced yesterday that it had fired a group of workers after financial losses were reported in the second quarter of the fiscal year.
US resale home levels increase in July
Sale of existing homes in the United States increased in the month of July, suggesting housing market recovery.
LIXIL Corp completes acquisition of ASD Americas Holding Corp for USD 542 million
Japanese group LIXIL Corp completed its purchase of ASD Americas Holdings Corp for USD 542 million.
Chinese banks reduce loans to development projects in smaller cities: economist
A state think-tank said Chinese banks have reduced loans on property developments in smaller cities because of the glut in unsold homes there.
GSW Immobilien management notes Deutsche Wohnen's EUR 1.75 billion offer
GSW Immobilien said it would study the EUR 1.75 billion takeover bid of Deutsche Women before giving any comment.
Government's 'help to buy' equity loan offer boosts Persimmon's sales
The British government's 'Help to Buy' program increased Persimmon's spring sales.
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