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

Tesco cuts outlook after finding accounting error
Tesco (TSCO.L) has lowered its forecast for first-half profit by 250 million pounds ($408.50 million), its third warning this year, after finding a fault in its accounts, in the latest blow to the rep
Lear Corp to buy leather supplier Eagle Ottawa for $850 million
Lear Corp, a maker of auto seats and electrical power systems, said it would buy automotive leather supplier Eagle Ottawa LLC for $850 million to strengthen its core seating business and boost its lux
Gold near two-month low; set for weekly drop on interest rate fears
Gold held near a two-month low on Friday and was headed for its worst week in five, hurt by strong U.S. economic data and fears that the Federal Reserve could hike interest rates sooner than expected.
Asian Paints picks up 51pct stake in Ethiopian paint maker Kadisco
Mumbai, India-based decorative and industrial paint manufacturer Asian Paints (International) Ltd picked up a 51% stake in Ethiopia-based paint maker Kadisco Chemical Industry PLC for an undisclosed a
New Jersey paint retailers Norton Paint and Eagle Paint merge
Englewood, New Jersey-based paint retailer Eagle Paint and Wallpaper Inc bought troubled Paramus-based rival Norton Paint for an undisclosed sum to gain traction over rivals in the paint industry.
HomeAway purchases Florida-based rental management firm Glad to Have You
Austin, Texas-based home rental platform HomeAway purchased Santa Rosa Beach, Florida-based guest management system Glad to Have You for an undisclosed sum to enhance its own rental listing service.
Hedge funds bet most on gas, expects to be more bullish due to cold weather
The forecasts of the ongoing cold weather in several US key cities has made investors increase their bets on US natural gas futures.
Chinese cotton manufacturer to invest $2B in Pakistan
Shandong, China-based cotton and yarn manufacturer Shandong Ruyi Technology Group Co Ltd will invest $2 billion in the energy and textile sectors of Pakistan over the next two years.
UK plastic supplier RPC Group adds Bosnian firm Helioplast in $13M deal
England-based rigid plastic packaging products supplier RPC Group PLC has added Bosnia and Herzegovina-based injection molder Helioplast d.o.o. in a deal valued at £8.4 million ($13 million).
Norwegian paper manufacturer Norske Skog agrees to offload remaining stake in Brazilian unit for $37M
Norway-based newsprint and magazine paper manufacturer Norske Skog inked an agreement to exit its remaining stake in its Brazilian operations to Papeles Bio Bio SA for $37 million.
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