Basic Materials

China Slams New US Tariffs, Vows to Defend Economic Interests Amid Trade Tensions

Biden imposes extensive tariffs on Chinese imports, including semiconductors and EVs, escalating trade tensions. China vows to defend its interests and urges correction.


UK Faces Crop Shortfall Due to Wet Weather; Bread and Biscuit Price Hikes Expected

The Energy & Climate Intelligence Unit (ECIU) warns of potential price surges in bread, biscuits, and beer in the UK due to persistent wet weather...

Cocoa Prices Push Near Record Levels As Global Shortage Continues to Impact Market

Cocoa prices keep going up for a fifth consecutive day due to a shortage in supply, prompting concerns for traders and growers in countries like Ghana...

Home Depot to Open 4 New Distribution Centers for Home Professionals

Home Depot unveiled on Thursday its plan to open four new distribution centers explicitly designed for the needs of remodelers, contractors, and other home professionals...


Latest News

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.
China's Anhui Conch Cement to add to capacity through acquisitions
As the Chinese government plans to consolidate production, Anhui Conch Cement Co said it plans to increase its capacity to 30 million metric tons through acquisitions, Bloomberg reported.
US chemicals group Taminco Corp to acquire Kemira's formic acid business
Taminco Corp, the world's largest alkylamines and alkylamine derivatives producer, said it had agreed to acquire the formic acid business of Finland-based chemicals firm Kemira.
BARRICK ANNOUNCES AGREEMENT TO DIVEST PLUTONIC MINE IN AUSTRALIA
BARRICK ANNOUNCES AGREEMENT TO DIVEST PLUTONIC MINE IN AUSTRALIA
Asia-Pacific M&A deals plunge to lowest since 2009- report
A report said merger and acquisition transactions fell in the Asia-Pacific region caused by a slowing in the energy and raw materials sectors.
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