Covestro raises guidance after a strong second quarter

Covestro continued the year’s successful performance in the second quarter of 2018. Group sales grew 10.4 % compared with the prior-year quarter to EUR 3.9 billion thanks to higher selling prices and increased demand. Core volumes were up 4.4%, with all three segments contributing with positive growth rates. EBITDA improved by 16.2% to EUR 985 … More Covestro raises guidance after a strong second quarter

American retailers are using Alipay to attract Chinese tourists

American retail brands are using Alipay in hopes it will attract more Chinese customers. This week, apparel brand Guess announced that 50 of its stores began accepting Alipay. San Francisco shopping center Pier 39 added 43 merchants to the platform, including Blue & Gold Fleet, Bubba Gump Shrimp, Fog Harbor Fish House and the Aquarium … More American retailers are using Alipay to attract Chinese tourists

Italian Textile Machinery manufacturers report drop in order intake for second quarter 2018

The order intake index for textile machinery compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for April-June 2018 period fell by 15 % compared to the same period for 2017. The index value stood at 103.4 basis points (2015 basis = 100). This drop affected both the domestic and foreign markets. In Italy, … More Italian Textile Machinery manufacturers report drop in order intake for second quarter 2018

Kazakhstan to host WTO’s next Ministerial Conference

WTO, the World Trade Organisation members have accepted Kazakhstan’s invitation to host, in Astana, the organization’s Twelfth Ministerial Conference (MC12) to be held in 2020. The decision was taken by consensus at General Council meeting (July 26, 2018) and marks the first time a Ministerial Conference is to be organized in Central Asia. The conference … More Kazakhstan to host WTO’s next Ministerial Conference