Borealis reported Monday a 72% jump in fourth-quarter net profit to Eur100 million ($133 million) from Eur58 million a year earlier, but gave a downbeat view on the 2013 outlook for its European polyolefins business. Sales grew to ...
Tags: Borealis, net profit, company news, chemicals
The Australian dollar fell slightly against its US counterpart following a downgrade to Britain's credit rating. At 6.30am AEDT the currency was trading at 103.05 US cents, down from 103.13 cents at Friday’s local close. Ratings ...
Tags: Australian dollar, US dollar, currency
Banks, property trusts, consumer staples and energy companies pushed the sharemarket to its highest close since September 2008, as investors digested earnings reports while awaiting the overnight release of minutes from the US Federal ...
Tags: Banks, property trusts, consumer staples, energy companies
Hennes & Mauritz (H&M), the world’s second-largest apparel retailer, has begun process of filing its application with the Government of India seeking permission to open wholly-owned single-brand retail stores in India. H&M CEO ...
Tags: Apparel Retailer, H&M, India Entry
EE, the UK's first mobile network to launch 4G, has revealed that it has made a loss before tax of £249m in 2012. The loss is more than double the £113m it lost in 2011, while its annual revenue also reduced by 1.9 per cent ...
Tags: mobile network, Telecom, EE 4G
The sharemarket rose to a multi-year high yesterday amid growing optimism about corporate earnings and continued weakness in the domestic bond market. Minutes from the Reserve Bank's February board meeting left the door open to more ...
Tags: Earnings, sharemarket, bond market
Weaker investor sentiment sent the Australian dollar to its lowest levels since October in thin trading conditions because of the Lunar New Year celebrations in Asia. The sharemarket was flat, also in thin trading, as investors remained ...
Tags: Australian dollar, October, lowest levels
Following a Consumer Reports investigation about microwave ovens that apparently started up by themselves, Whirlpool Corp., maker of the KitchenAid KHMS155LSS, one of the models involved, has done an about-face, acknowledging that such ...
The Hyundai Elantra is another one of those small cars that is more mid-size when it comes to interior space and luggage capacity. Launched in Australia in June 2011, the fifth-generation Hyundai Elantra is the Korean carmaker’s ...
Four global garment and home-textile brands are awaiting the approval from the Foreign Investment Promotion Board (FIPB) for setting up single-brand retail stores in India under its foreign direct investment (FDI) policy. The FIPB may ...
Navidea Biopharmaceuticals has jouned forces with Maimonides Medical Centre to investigate Lymphoseek injections as a potential treatment for colorectal cancer. Dr. Danny Sherwinter, surgeon and the director of the Department of Minimally ...
The sharemarket rose after a report showed falling interest rates were lifting parts of the nation's housing market, while manufacturing data from China indicated that an economic recovery remained on track. BHP Billiton, the world's ...
Tags: Stocks, economic recovery, iron ore gains
Novozymes acquires Iogen Bio-Products, industrial enzyme business of Ottawa-based Iogen Corporation for CAD 67.5 million (approximately DKK 370 million) and potential earn-out payments of up to CAD 12.5 million (approximately DKK 70 ...
Tags: Novozymes, Bio-Products, enzyme business
Zensah, a Miami based compression apparel company, has announced the launch of its Seamless Power Running Jacket. The Zensah running jacket does what other companies have been unable to do thus far – create the most comfortable, ...
Tags: jacket, apparel company, Zensah
After hydro and thermal power, THDC India Ltd, a joint venture of the Government of India and the Government of Uttar Pradesh, is diversifying into solar energy business by investing Rs 800 crore in Uttar Pradesh. The ...
Tags: Solar Power, solar energy business, solar