News about Industry
Spandex manufacturer Lycra has filed for Chapter 11 bankruptcy in Texas. The company plans to turn over control of the business to creditors and write off a significant portion of its debt, while preserving jobs and supplies for customers.
The abolition of VAT and excise tax exemptions for enterprises on the left bank of the Dniester will bring more than 3.3 billion lei in additional revenues to the Moldovan budget. Such calculations, with reference to the Customs Service, are given by the authors of the draft law, which aims to “equalize” the tax regime on both banks of the Dniester.
Saudi Arabia has offered long-term buyers to receive April oil shipments through the port of Yanbu in the Red Sea. The country is preparing for possible prolonged disruptions in the Strait of Hormuz.
The global aluminum market is rapidly entering a deficit phase after one of the metal’s largest producers, Aluminium Bahrain, announced it would cut nearly 20% of its production capacity amid supply disruptions across the Strait of Hormuz due to the war in Iran.
The authorities urge not to encourage inflation expectations. The rise in fuel prices over the past two weeks has increased the total costs of businesses by a maximum of 1.5%.
Economic agents should inventory groundwater wells so that, if necessary, they can be tapped to provide alternative water sources to the population.
American oil companies may sharply increase their revenues due to the growth of world oil prices amid the conflict with Iran, analysts believe. Top managers and experts predict their increase up to $200 per barrel.
The government is meeting urgently to consider a proposal to introduce an environmental danger regime in the Dniester river basin for 15 days.
Founder interference undermines corporate governance in state-owned enterprises (SOEs) and companies with majority state capital. The Audit Chamber’s audit, which will be presented to the Parliamentary Commission for the Control of Public Finances next week, confirms this.
The situation on the oil products market is serious because of the war in the Middle East, but in Moldova it is under control. This was stated by PAS deputy Marcel Spatar.
On Monday, March 9, Sendhil Palanni announced his resignation as vice president of finance at Tesla, where he has worked for nearly two decades. His career began when Tesla was on the verge of bankruptcy, and today the corporation is one of the leaders in the electric car market.
Financial experts of the French company BNP Paribas admitted that Nike may consider the possibility of selling the Converse brand, owned by the sports giant since 2003. The basis for such assumptions were both the decline in the brand’s financial performance and significant changes in management and cost structure.
Chinese garment factories have announced price increases amid a sharp rise in the cost of chemical fibers, including polyester and acrylic. The cost of these materials has increased by more than 10 percent since the start of U.S. and Israeli military action against Iran, according to representatives of seven factories in the country’s southern and eastern provinces.
Indian refiners bought about 30 million barrels of Russian crude after the U.S. gave the green light for such deals, with the price topping Dated Brent by $2-8 a barrel, Bloomberg wrote, citing informed sources.
US President Donald Trump announced on Tuesday that America First Refining (AFR) will build a new refinery in the state of Texas. This means that the US will have the first major refinery built in the last 50 years.
The escalation of the conflict around Iran is beginning to go far beyond geopolitics and is gradually affecting the global automotive industry. Experts note that tensions in the Middle East are already affecting business expectations, and automakers are being forced to revise their plans for the coming months.
This is about the Al-Ruwais industrial complex. A fire broke out on its territory due to a drone attack. This refinery is the fourth largest in the world in terms of production capacity and the largest in the UAE, Logos Press reported citing RBC.
China started 2026 with unexpectedly strong foreign trade figures. According to the General Administration of Customs of the People’s Republic of China, the country’s exports in January-February grew by 21.8% year-on-year, significantly exceeding analysts’ expectations and becoming the fastest growth rate in recent years.
Rapidly rising prices for gas and oil products are becoming a serious social problem and may result in irreparable economic losses for businesses.
The sugar market is not about “sweetness”, but about economy in its purest form: excess supply, rising costs and managerial mistakes are instantly converted into price. That is why there is always a lot of information noise around sugar – slogans “let’s provide the market with our own”, “the market needs protection”, “importers are enemies”. But the noise does not change the main thing: the market does not punish imports – the market punishes inefficiency. And today this is evident all over Europe.
