Tirupur Exporters’ Association has welcomed today’s decision of the Reserve Bank of India (RBI) to reduce the Policy Repo Rate by 25 basis points (bps) from 7.75 per cent to 7.50 per cent, and urged banks to pass on the benefit ...
Tags: Repo Rate
U.S. jewelry and watch sales across all channels fell 1.9 percent year on year to $4.55 billion in January, according to preliminary figures. Data revealed that jewelry sales fell 1.6 percent to $4 billion, while sales of watches ...
Owing to its large population and rising disposable incomes, India continues to be an attractive long-term retail destination, says the Economic Survey 2014-15. Citing AT Kearney’s Global Retail Development Index (GRDI), the ...
Tags: retail destination, Apparel
China's "new normal" economy, although growing at a slower pace, actually added value last year as more jobs were created, inflation was under control, and trade rose, said a senior official at the National Bureau of Statistics yesterday. ...
In its 2015 economic forecast, the National Retail Federation (NRF) projected retail industry sales, excluding automobiles, gas stations, and restaurants will increase 4.1 per cent*, up from the 3.5 per in 2014. The 4.1 per cent growth ...
Tags: automobiles, gas stations, Textile
China will have more robots operating in its production plants by 2017 than any other country as it cranks up automation of its car and electronics factories, the International Federation of Robotics (IFR) said on Thursday. Already the ...
China's consumer price index, a main gauge of inflation, grew 0.8 percent year on year in January, the slowest rise in more than five years, the National Bureau of Statistics announced Tuesday. Food prices, which account for nearly ...
Tags: consumer price index, CPI
Consumer confidence in Australia is fuelling the rise of ‘savvy shopping’, according to findings from market research organisation Nielsen. Nielsen said Australian consumers were optimistic about their buying habits over the ...
Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as U.S. equities weakened and the dollar fell. The most active gold contract for April delivery rose 6.9 U.S. dollars, or 0.56 percent, to settle at ...
Tags: Gold futures, Physical demand
Porsche Cars North America named Michelin the official tire partner of its new Porsche Experience Centers which are slated to open this year in Atlanta and then later inLos Angeles. The centers will allow one-on-one instruction on unique ...
Tags: Porsche Cars, Tire
Bloomberg News sat down with Peter Coy, Bloomberg Businessweek Economics Editor, and Susan Lyne, AOL BBG Ventures President, to discuss the American economy, and to try to answer the question: is America roaring back economically? Coy ...
The Japanese economy appears to have expanded during the October-December period, marking the first growth in three quarters thanks to a long-awaited recovery in consumer spending. Real gross domestic product grew an annualized 4% last ...
Tags: consumer spending, Electrical
For coatings producers one of the big benefits of the sharp fall in oil prices in the second half of last year (2014) should be a drop in raw material costs. Some commentators are also predicting a rise in demand due to the effect of ...
Tags: Oil Prices, Raw materials, Construction
Bord Bia today launched its Export Performance and Prospects Report which reflects a 4% increase in exports for 2014 to reach a record high of almost €10.5bn. Aidan Cotter, Chief Executive, Bord Bia outlined the background to the ...
Tags: milk, drink industry, Agriculture
The annual rate of inflation, based on monthly wholesale price index (WPI), stood at 0.11 per cent for December 2014 (over December 2013), according to the provisional data released by the Office of the Economic Adviser, Ministry of ...
Tags: cotton yarn, tyre cord fabric, woollen textiles, Textile