Every 30 seconds, global e-commerce industry generates over $1.2 million revenue with Facebook, Pinterest and Twitter contributing $5,483, $4,504 and $4,308 respectively, according to an ASSOCHAM-Deloitte joint study. The study found that ...
Depreciation of China's currency offers opportunities for economies in Europe Last week's depreciation of the yuan stoked fears that European exports to China could be hit. As the euro and the pound strengthened, concerns started to grow ...
Tags: global currency, Yuan Move
Cree and Epistar have signed a worldwide patent cross-license agreement for LED chips to further advance the growth of the LED lighting and LED bulb markets. Cree and Epistar both hold broad and substantial LED chip patent portfolios that ...
Tags: LED chip, LED lighting
For full-year fiscal 2015 (ended 28 June), Cree Inc of Durham, NC, USA has reported revenue of $1.63bn, down just 1% on fiscal 2014's record $1.65bn. Specifically, revenue for Lighting Products (mainly LED lighting systems and bulbs) grew ...
Tags: LED Product, LED chips
China's central bank has devalued the yuan by almost 2 per cent - its lowest rate against the US dollar in almost three years. The People's Bank of China (POBC) said the decision to devalue the yuan by 1.9 per cent was a "one-off ...
Tags: China Yuan, US dollar
Cree Inc of Durham, NC, USA and Taiwan's Epistar Corp (the world's largest manufacturer of LED epiwafers and chips) have signed a worldwide patent cross-license agreement for LED chips to further advance the growth of the LED lighting and ...
Tags: LED chips, LED lighting
Sherwin-Williams announces the launch of the ProBuy+ app, a one-stop destination providing professional painting contractors easy access to product savings, store locations, product data sheets and other tools needed to run their business ...
Tags: chemicals, coating, paint pigment, architectural coatings
The latest report on working conditions in Cambodia’s garment factories, compiled by the International Labour Organization’s Better Factories Cambodia Programme (ILO-BFC), has found a slight improvement in factories’ ...
Tags: garment manufacture, BFC, footwear, apparel, clothing
Marvel Enterprises will no longer have to pay royalties to Stephen Kimble, the inventor of the Web Blaster. The US Supreme Court has backed a decision that lets Marvel Enterprises out of a deal to pay royalties to Stephen Kimble, the ...
Tags: Marvel Triumphs, Toys
More car exports to Oceanic country look unlikely in near future Chinese carmakers look unlikely to take advantage of the free trade agreement between China and Australia signed this month due to their lack of competitiveness in the ...
Tags: Chinese carmakers, Australian marke, Car
Despite an Australian economy growing at a moderate 2.3 per cent according to March quarter figures released by the ABS this month, the latest data on trade payments reveals that businesses are paying their invoices at the fastest rate on ...
Tags: Australian economy, payment times
Huami Co Ltd expects sales of its Xiaomi Mi Bands will reach 10 million in the third quarter, making it the largest maker of wearable fitness devices in the world. Launched last year, the Mi Band monitors fitness levels and tracks sleep ...
Tags: Wearable Devices, Fitness Devices
Genesco Inc. reported earnings slid 29.3 percent in its first quarter to $9.9 million, or 42 cents a share. Earnings, adjusted for one-time gains and costs, were 51 cents per share, falling well short of Wall Street's consensus estimate of ...
Tags: Genesco, Wall Street Targets
New Zealand dairy giant Fonterra Co-operative Group has cut the current season forecast Farmgate milk price to $4.40 per kilo of milk solids (kgMS) after the increase in global commodity prices failed to meet the required expectations. ...
Tags: Fonterra, Farmgate Milk Price
India’s largest bank, State Bank of India is aggressively trying to grab a piece of the business in the digital commerce space and has tied up with three major e-commerce players in the last two days. On May 21, SBI signed two ...
Tags: State Bank of India, E-Commerce