Saudi Arabian Oil Company ("Saudi Aramco") through its wholly owned Saudi Refining Inc. ("SRI") subsidiary and Royal Dutch Shell plc ("Shell"), through its U.S. downstream affiliate, announce today they have signed a non-binding Letter of ...
Tags: Saudi Aramco, SRI, Motiva
Hung Hing Printing Group announced its interim results for the six months ended 30 June 2016, reporting a 6.2% decline in revenue to HK$1,323 million. Book and Package Printing, the Group’s largest business unit, and the Paper ...
The India International Jewellery Show (IIJS), which took place in Mumbai this week, reflected a cautious local diamond and jewelry trade, even if sentiment was better than expected. Suppliers arrived with low expectations as a month-long ...
Tags: IIJS, Mumbai, diamond and jewelry trade, GJEPC, GST
Friedrichshafen. ZF Friedrichshafen AG has continued its good business development in the first half of 2016. In the first six months of 2016, sales increased to €17.8 billion and the adjusted operating profit (EBIT) rose to €1.1 ...
Tags: ZF, EBIT margin
Coveris reported second quarter 2016 net sales of $665m. Net sales for the second quarter of 2015 were $651 million. Adjusted EBITDA for the second quarter was $92 million, compared to $86 million in the second quarter of 2015. ...
Tags: Coveris, financial results
Cabela's Inc. continues to explore selling World's Most Foremost Bank (WFB) and its retailing business in separate transactions even though such a sale could hurt the performance of both businesses, the company disclosed in a government ...
Tags: Cabela's Inc, WFB, shareholder value
UK based packaging maker RPC Group has agreed to acquire packaging firm British Polythene Industries (BPI) in a deal worth about £261m ($379m). Under the terms of the deal, each shareholder of BPI will receive 470 pence in cash and ...
Tags: Polythene Industries, packaging
China faces two separate challenges: the long-term issue of a declining potential growth rate and the immediate problem of below-potential actual growth. Indeed, the government's supply-side reform strategy will go a long way toward doing ...
Performance Sports Group Ltd. swung to a net loss in the fiscal third quarter ended February 29 as expected due to a precipitous drop in baseball and softball sales, retail bankruptcies and the impact of currency exchange rates on its ...
Tyson Foods has made significant progress in its transition from a protein producer to a branded, value-added food company with stronger, more stable earnings, company executives told investors at the Consumer Analyst Group of Europe annual ...
Tags: Tyson Foods, Protein producer
China's central bank continued to pump money into the market to ease a liquidity strain this week. The People's Bank of China (PBC) conducted 395 billion yuan (61.16 billion U.S. dollars) of seven-day reverse repurchase agreements (repo) ...
Tags: liquidity strain, PBC
Adidas Group reported a narrower loss in the fourth quarter as gross margins expanded and currency-neutral sales jumped 12 percent, driven by accelerated momentum at both Adidas and Reebok. On a currency-neutral basis, sales grew 16 percent ...
Tags: Adidas Group, Reebok
Standard & Poor’s Ratings Services has explored the 2016 outlook for the global shipping industry and believes that global shipping companies, and drybulk and containership operators in particular, will continue to face difficult ...
Tags: Shipping Industry, drybulk
Star Wars was not the only force making a come-back in 2015. The return of generic advertising brought with it a promise of increased profitability for the diamond trade. Even as numerous stories reflecting pain in the industry vied for our ...
China retained its crown as the world's biggest shipbuilding nation in 2015, but with a 26% decline on year in newbuilding orders, chiefly due to "the abysmal state of the dry bulk market," Italian shipbroker Banchero Costa (Bancosta) said ...
Tags: Shipbuilding Sector, shipyards