Canadian retailer Metro Inc has reported an increase in first-quarter profits as higher sales boosted margins. Metro booked a 17.1% rise in net earnings to C$121.4m (US$121.1m) for the quarter to 22 December. Excluding profits from a ...
Tags: food inflation, food industry, profits
The Japan government recently started its quantitative easing (QE) policies putting pressure on other Asia currencies. Taiwan's premier Sean Chen has urged Taiwan's central bank to adopt necessary measures to stabilize domestic prices and ...
Tags: Taiwan, Central Bank, Global Currency Battle
Fresh market share figures for the UK grocery sector show strong gains for discounters Aldi and Lidl as consumer budgets are squeezed by inflation. Aldi and Lidl saw sales rise by 28% and 10% respectively in the 12 weeks to 20 January, ...
Tags: Tesco Stabilises, Aldi, Lidl Pile
The National Retail Federation released its 2013 economic forecast today, projecting retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 3.4 percent, slightly less than the preliminary 4.2 percent ...
Tags: NRF, US Retail Sales, 2013
The AWEX Regional Indicators finished 0.5% lower, on average, at sales in Sydney, Melbourne and Fremantle this week when the US exchange rate rose by 0.1%. Overall, it was satisfactory market. The EMI finished down by 6¢ (5¢ ...
Tags: Australian Wool, Prices, Last Week
Growing evidence of an emerging economic recovery in Europe pushed the Australian dollar to three-week lows today. Some market watchers say this might signal an important shift in direction for the currency. Traders say heavy-selling of ...
Tags: Dollar, Australian dollar
India Ratings’ outlook for cotton textiles remains negative to stable for 2013 on account of subdued demand, although margins are expected to benefit from softening raw material prices. The outlook for synthetic textiles remains ...
Tags: cotton textile, cotton, textiles, cotton prices
The Australian dollar fell as news that North Korea planned more rocket launches hurt sentiment already weakened by disappointing earnings from Apple and a downgrade to the International Monetary Fund's global growth forecast. At 4.08pm ...
Tags: Dollar, Aussie dollar, Australian dollar
A new multi-million pound remote control system to manage Wakefield's 42,000 street lights could be brought in under plans to save the local authority up to £70 million on their electricity bill. The street lighting plans have been ...
Tags: LED street lights, street lights, LED lights
The original 1966 Batmobile from the live action Batman television series, starring Adam West as the caped crusader, has been sold for the first time, going under the hammer at a US auction for $4.4 million (US$4.62 million). Put up for ...
2013 is the beginning of a new price inflation cycle. As the first period of the cycle, the price inflation will be relatively wild. The expected CPI is 3 to 3.5 percent up year-on-year. Released by Bank of Communication Financial Research ...
Tags: Glass Futures, China Glass, glass market
The Australian dollar fell as a slower-than-expected rise in consumer prices in the fourth quarter stoked the case for another interest rate cut. Consumer prices rose 2.2 per cent in the fourth quarter from a year earlier and 0.2 per cent ...
The sharemarket rose yesterday, led by BHP Billiton after its first-half production report broadly met expectations. Australia's big four banks climbed on speculation that interest rates may drop further. The benchmark S&P/ASX 200 ...
Tags: sharemarket, BHP, banks
The Australian dollar has opened marginally higher in local trade, following the release of national inflation data. At 6.30am AEDT the Australian dollar was at 105.46 US cents, up from yesterday’s local close of 105.39 US cents. ...
Tags: CPI, Australian dollar, US cents
The Australian sharemarket closed higher after BHP Billiton's production report exceeded expectations and weak inflation figures drove up high-yielding stocks. At the close today, the benchmark S&P/ASX 200 index was up 8.7 points, or 0.18 ...
Tags: Stocks, inflation, sharemarket