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Indian Steelmakers Poised to Cut Prices on Flooding Imports
2015-02-03 11:12:04| Steel - Topix.net
Prices of hot-rolled steel, used to produce sheets, wheels, pipes and railway tracks, may fall by more than 4 percent this month to 32,500 rupees a metric ton, according to the average of six estimates compiled by Bloomberg from industry executives, government officials and analysts. Prices may not recover for a couple of quarters, unless the government acts to curb imports, they said.
Tags: prices
cut
indian
imports
General Electric plans to cut 330 Texas jobs in oil unit
2015-02-03 08:50:35| Oil & Gas - Topix.net
General Electric Co plans to cut 330 jobs in Texas in its oil and gas division, as it grapples with pressure on the unit from the drop in oil prices. The U.S. conglomerate notified Texas state regulators of the planned layoffs at its beam-pumping manufacturing facility in Lufkin, Texas, which amount to about 45 percent of the staff at the location.
ASX surges after RBA interest rate cut
2015-02-03 08:25:40| Automakers - Topix.net
The Australian sharemarket enjoyed a rate-fuelled boost on Tuesday, closing at a near seven-year high and stretching its winning streak to nine days, following the Reserve Bank of Australia's decision to ease monetary policy. The benchmark S&P/ASX 200 surged 1.5 per cent, or 82.1 points, to 5707.4. It is the first time that the ASX 200 has closed above 5700 since June 2008.
Tags: rate
interest
cut
interest rate
Lactic Acid Process May Cut Glycerol Glut
2015-02-02 20:08:01| Electronics - Topix.net
Moore Industries' upcoming webinar, "A Practical Guide to Temperature Measurement Accuracy," will help end users make smarter temperature product choices, according to the company. The webinar is scheduled for February 5 at 10 a.m. Pacific .
Lactic Acid Process May Cut Glycerol Glut
2015-02-02 19:46:41| Industrial Machines - Topix.net
Moore Industries' upcoming webinar, "A Practical Guide to Temperature Measurement Accuracy," will help end users make smarter temperature product choices, according to the company. The webinar is scheduled for February 5 at 10 a.m. Pacific .
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