Hoa Sen Group, Vietnam’s second- biggest listed steel company by market value, expects a 10-fold jump in its sales to North America within a year of any agreement on a Pacific trade accord, Chairman Le Phuoc Vu said.
U.S. Steel Corp., the nation’s largest producer of the metal by volume, fell the most in 17 months after the Department of Commerce rejected its claim that South Korea is selling steel tubing into the U.S. below cost.
Coca-Cola Amatil Ltd. Managing Director Terry Davis told investors he was sorry after a A$404 million ($367 million) writeoff at its packaged-foods unit SPC Ardmona drove profit to its lowest level since 1992.
Takashi Nakajima earns $100,000 a year growing lettuces, employs Chinese laborers to harvest them, and has four months off in winter to indulge his passion for speed skating. He’s the result of a protected farming system that Japanese Prime Minister Shinzo Abe is about to dismantle.
Switzerland’s watch exports will rise in 2014 after advancing at the slowest pace in four years in 2013 due to a drop in Chinese demand, said Jean-Daniel Pasche, head of the Federation of the Swiss Watch Industry.
Egypt scrapped import tariffs on raw and white sugar, applied last year as a measure to protect its domestic industry, after finding lower capacity utilization and profitability weren’t caused by increased imports.