New Delhi, Oct 08 2007 : Not only has the strengthening of the rupee vis-À-vis the greenback been denting export margins, but it is now beginning to hit those manufacturing for the domestic market as well. Among those affected are manufacturers whose products can be substituted with imports that have turned cheaper as the rupee hardens. The trend is evident in a whole lot of sectors especially in the import of automobiles and alcoholic beverages.
Mars Inc. said Monday it will continue to use 100 percent cocoa butter in its U.S. chocolate products, bucking an industry campaign to allow cheaper vegetable oils to be substituted.
CHAN: China's poisoned milk issue has left many countries panic-stricken. Taiwan's Department of Health published a news update yesterday about the poisoned milk. They said both SanLu and Duqing...
Faced with Israeli travel and trade restrictions and a stagnant economy, Palestinian merchants turn to China for cheap imports, further undermining an already ailing Palestinian economy. In a small...
NBC has announced its plans for a modified upfront. In April the network will release a 52-week schedule of staggered show premieres and then hold small presentations for advertisers in New York,...
Pensioners in eastern European states are feeling the sharpest punishment for their governments' ambitions in taking the eastern European states into the European Union, as they grapple with the...
Singapore halts poultry imports from Malaysia's Selangor after the H5N1 virus was found in chickens. Singapore has said it is suspending all poultry and egg imports from Selangor, Malaysia, after...
The lack of petroleum products has affected normal life in Kathmandu valley with long queues of vehicles in front of petrol pumps, KMC not picking garbage due to lack of fuel, and only a few public...
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