Dalang to host woolen wear fair
The 16th China (Dalang) International Woolen Knitwear Fair will be held from Nov 1 to Nov 3 in Dalang, Guangdong province. This year’s fair will have its main session in the Dalang Woolen Knitwear Trade Center, with a parallel session in the International Commerce Center, according to organizers. They said the main session will feature a woolen clothes zone, a woolen yarn zone, an original design zone and an intelligent production zone. In the meantime, Dalang is holding clothes design competitions and a summer camp. Calling itself the “Town of China’s Woolen Sweaters”, organizers said Dalang will continue to develop its woolen knitwear trade area, attract investment and seek to market its image internationally. cant” oil discovery off the southern coast of the Gulf of Mexico. Talos said in a statement that the Zama-1 exploration well, off the Mexican Coast, had found crude. Talos holds a 35 percent stake in the prospect, with Sierra Oil and Gas S. de R.L de C.V. and Premier Oil Plc holding 40 percent and 25 percent respectively. The Zama-1 well is the first offshore exploration well drilled by the private sector in Mexico. Located in 166 meters of water and about 60 km from the Port of Dos Bocas, the well reached an initial shallow target vertical depth of about 3,383 meters. second quarter also dropped marginally to 1.55 billion ringgit, from 1.65 billion ringgit in the previous year. For the first half ending Jun 30, 2017, Digi’s net profit decreased by 10.69 percent year-on-year to 732 million ringgit. This was in line with its revenue that had fallen 5.49 percent to 3.13 billion ringgit. “The operational excellence remained a core priority for the quarter to ensure long-term sustainable growth, to drive market resilience while delivering relevant affordable services to customers,” Digi’s CEO Albern Murty said on the challenging quarter for the industry. tral bank would continue to raise interest rates gradually and shrink its balance sheet this year, while monitoring inflation closely. “The (Federal Open Market) Committee continues to expect that the evolution of the economy will warrant gradual increases in the federal funds rate over time to achieve and maintain maximum employment and stable prices,” Yellen said. She was speaking in testimony before Congress to the House Financial Services Committee. According to the central bank chief, the benchmark interest rate might not be far away from a neutral policy position where the economy is at more or less full employment with stable prices. “The federal funds rate would not have to rise all that much further to get to a neutral policy stance,” Yellen added.