Fitch Ratings said that vehicle sales in Europe are likely to fall for a sixth straight year in 2013, extending damaging price wars as mass-market manufacturers seek to protect their market share. In contrast, US and Asian manufacturers ...
Tags: auto sales, European, mass market
Fitch Ratings forecasts that after a period of severe destocking in 2012,raw steel production in China will grow 3%to 4%in 2013.But the ratings agency also believes that Chinese steel demand has likely peaked and should grow at less than ...
International credit ratings agency Fitch Ratings has announced that it has downgraded Luxembourg-based steel giant ArcelorMittal's credit rating to BB+, below investment grade. The rating agency stated that the downgrade reflects the ...
Tags: Fitch Ratings, ArcelorMittal, steel, steel market
Fitch Ratings Director Jay Djemal said that Latin American Metals and Mining observed that higher operating costs remain entrenched. The report said that “Higher operating costs will continue in 2013 for metals and mining. Cost ...
Tags: metals, Mining, mining exports, copper miners
Fitch Ratings has affirmed ThyssenKrupp AG's Long-term Issuer Default Rating and senior unsecured rating at 'BBB-'. The Outlook is Negative. The Short-term IDR has been affirmed at F3. The affirmation reflects Fitch's view that TK will be ...
Tags: Fitch Ratings, AG, Steel, affirmation
The rise of mining costs will have a more dramatic impact on 2013 industry results than in the last couple of years, global ranking agency Fitch Ratings revealed Thursday. According to the firm’s experts, a gloomy macroeconomic ...
Tags: Africa, Coal, Finance, Gold, Iron Ore, Platinum, Potash, Rare Earth, Silver
The Home Depot says its rollout of a PayPal in-store payment system to 1,976 U.S. stores in March has generally been a success, though it notes that the system still accounts for a very small percentage of overall transactions. The ...
Tags: The Home Depot, PayPal, payment system, transactions
Ideation, Gerber Technology's 14th annual software conference, taking place Oct. 22-23 at the Montelucia Resort & Spa in Scottsdale, Ariz., is a who's who of the fashion industry. During the event, many prominent global brands, including ...
Tags: Software Conference, management technology, fashion industry
Reportedly, Fitch Rating has reported the healthy 2013 outlook for steel-consuming industries in CIS region. Cost competitiveness and pro-cyclical ruble movements support the stable the metals and mining sectors. For Russian ...
Tags: Fitch Rating, steel-consuming industries, CIS region, metals, mining
Fitch said that Western European steel output is unlikely to recover in 2013 due to depressed demand levels across the eurozone. Steel volumes will probably fall by up to 3%, Fitch Ratings believes, putting pressure on producers' ...
Tags: steel output, Europe, steel volumes, steel market, steel industry
EVRAZ Plc welcomes the decision by Fitch Ratings to assign EVRAZ plc a long term foreign currency Issuer Default Rating of BB outlook Stable; and a Short term foreign currency IDR of B. The rating is the same as the current rating for ...
Tags: foreign currency, credit metrics, steel consuming industries
Abercrombie & Fitch has been commended by the Carbon Disclosure Project (CDP), which represents 655 institutional investors with $78 trillion in assets, for its transparency in reporting how its business operations impact the environment ...
Tags: CDP, institutional investors, transparency, developing strategies
Qatar First Investment Bank(QFIB),Qatar's first independent Shari'ah compliant bank authorized by the QFC regulatory authority,announced the acquisition of a 40%stake in English Home,the leading retailer of home textile products in Turkey. ...
Tags: QFIB, acquisition, home textile products
As part of its European expansion plan, the preppy American retailer Abercrombie & Fitch (A&F) has swung open the doors of its first-ever flagship store to Irish consumers in Dublin. The newly unveiled Dublin outlet features A&F’s ...
Tags: Abercrombie&Fitch, A&F, flagship store, Dublin
It's reported that Fitch Ratings has downgraded steel giant Posco's long-term Issuer Default Rating (IDR) and senior unsecured rating to "BBB+" from "A-". Meanwhile, the short-term IDR was at "F2." In 2011 and 2012, high levels of debt ...
Tags: steel, debt to fund investments, steel industry, debt levels