The latest changes to China's forex market management will increase yuan volatility and boost trading volumes, according to a leading Chinese investment firm. From Jan. 4, closing time for China's interbank foreign exchange market will be ...
Tags: Forex, Trading Volume
China is to extend the trading hours of the interbank forex market by seven hours and allow more foreign entities into the market, according to a Wednesday statement by the People's Bank of China (PBOC). From Jan. 4, the closing time for ...
Tags: Extends Trading, Forex Market
The Hong Kong Monetary Authority raised its base rate from 0.5 percent to 0.75 percent on Thursday, following the U.S. Federal Reserve's lead overnight and raising concerns of capital outflows from the region. The Hong Kong dollar's peg ...
Tags: Hong Kong dollar, U.S.dollar, U.S.Fed
Moderate economic growth in 2015 has become the “new norm” for the stabilizing Chinese economy. With the Chinese government introducing industry restructures, explosive economic growth has become history. Gone are the good days ...
The global market for laser materials processing systems reached a volume of US$ 11.6 billion in 2014. According to a preliminary analysis of 2014 data produced by Optech Consulting, based in Taegerwilen, Switzerland, that figure is up 8% ...
Tags: laser systems, fiber lasers, semiconductors
Sonoco, one of the largest diversified global packaging companies, today reported consolidated financial results for its third quarter, ending 27 September 2015. Sonoco president and CEO Jack Sanders said: "We are encouraged by the ...
Non GAAP earnings per share at US apparel marketer PVH Corp which has brands like Tommy Hilfiger and Calvin Klein in its portfolio rose 11 per cent year over year for the second fiscal quarter ended August 2, 2015. Earnings per share on a ...
Tags: apparel marketer, Calvin Klein
For the second fiscal quarter of 2016 ended August 1, 2015, net sales at apparel marketer Gap Inc went down 2 per cent impacted by translation of net sales in foreign currencies into US dollars. For the three months to August 1, 2015 Gap ...
Tags: foreign exchange, Gap, Currency Impact
Revenue for the three months to June 30, 2015 at speciality chemicals producer Eastman Chemical Company rose 3 per cent year over year. “Revenue for the second quarter of 2015 amounted to $2.5 billion, up 3 per cent over the same ...
Tags: turbine oil, chemicals
In the nine months to May 31, 2015, sales soared 23.9 per cent year over year at Japanese apparel marketer retailer Fast Retailing Group, which has in its portfolio clothing brands like Uniqlo, etc. In the period between September and May ...
Falling product ASPs and gross margins are set to erode Taiwan's fabless IC firms' profitability in 2015, according to industry sources. Foundry chipmakers have seen their production capacities stay loose thus far in 2015, said the ...
Tags: fabless IC, IC industry
Shanghai's International Energy Exchange or INE intends to allocate 34 million barrels of storage space along China's eastern coast to serve participants of the country's proposed crude oil futures contract, officials said at the Shanghai ...
For the for the thirteen weeks period ended May 2, 2015, GAAP net loss soared at apparel retailer and NYSE listed Abercrombie & Fitch Co. First quarter of fiscal 2016 GAAP net loss surged to $63.2 million or $0.91 loss per diluted share ...
Tags: Abercrombie&Fitch, Apparel
For the 13 weeks period ended May 2, 2015, net sales at NYSE listed and apparel marketer Gap Inc were down 3 per cent year over year. Gap Inc.’s net sales declined 3 per cent to $3.66 billion in the first quarter of fiscal 2016 ...
TreeHouse Foods has recorded first quarter earnings of $0.41 per fully diluted share when compared to $0.38 per fully diluted share reported for the first quarter of 2014. The Company reported adjusted earnings per share in the first ...
Tags: TreeHouse Foods, Q1 Results