What makes Russia the Perfect Trading Partner with China China is a critical player in international trade. Currently, China is the world's largest trading nation, manufacturing economy, and exporter of goods. In addition, it is also the ...
Tags: Wholesale
More trouble for Pakistan's beleaguered textile industry. The Institute for Policy Reforms (IPR) in a report outlining structural factors that have hurt the industry, has said that the textile industry has made inadequate investment in ...
SunMoon Food Company, a global distributor of fruit and food products, has implemented Oracle's NetSuite OneWorld to support its global growth, and increase overall productivity and efficiency. In just five months, NetSuite OneWorld ...
Bemis Company has reported financial results for its first quarter ended 31 March, 2017. Initiatives to Improve U.S. Packaging Operations and Profitability As part of the Company’s efforts to improve the profitability of its U.S. ...
Tags: Packaging, Bemis Company
The yuan's so-called psychological threshold of 7 to the US dollar is not so important for the Chinese economy, analysts said on Thursday, after the central bank rejected an "irresponsible" media report that the yuan had fallen below that ...
Tags: US dollar, Chinese economy
Though the Chinese currency renminbi, or the yuan, weakened to a six-year low against the U.S. dollar Friday, analysts said a sharp drop is unlikely despite persistent depreciation pressure. The central parity rate of the yuan retreated ...
Tags: Chinese currency, renminbi
The company reiterates fiscal year 2017 GAAP EPS guidance of $4.29 to $4.49, or adjusted EPS1 guidance of $4.15 to $4.35. For fiscal year 2018, the company expects GAAP EPS to be relatively flat to fiscal year 2017 adjusted EPS1. ...
The central parity rate of the Chinese currency renminbi, or the yuan, weakened another 160 basis points to 6.7258 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System (CFETS). It was the weakest level ...
Chinese yuan or renminbi (RMB) has been included into the basket of special drawing right (SDR) of the International Monetary Fund (IMF) since Oct 1, marking a milestone in the internationalization of the RMB. Here are seven things you need ...
Tags: SDR Inclusion, RMB
"The inclusion of the renminbi in the SDR is the biggest structural event in currency markets since the creation of the euro66." This was the title of a recent article published on the Euromoney website. This neatly sums up the view of ...
Nine Dragons Paper announced the audited consolidated results of the company and its subsidiaries for the year ended 30 June 2016. The Board has declared and approved a final dividend of RMB 8 cents per share, and special dividend of RMB ...
Tags: Nine Dragons Paper, annual results
Steinhoff International has published its unaudited results for 12 months ended 30th June 2016. As indicated previously, the group reports unaudited revenue growth of 33% to €13.1b, while operating profit improved by 32% to ...
Mondi announced half-yearly results for the six months ended 30 June 2016. Highlights Continued strong financial performance on all key metrics Underlying operating profit of €529 million, up 8% Underlying earnings of ...
Tags: metricsUnderlying, Uncoated Fine Paper, Fibre Packaging
CCL Industries, a specialty label and packaging solutions for global corporations, small businesses and consumers, reported 2016 second quarter results. Sales for the second quarter of 2016 increased 33.1% to $960.2 million, compared to ...
IHS Automotive forecasts that the UK's vote to leave the European Union could cost automakers about 2.8 million light-vehicle sales through 2018. The research firm expects global deliveries to rise to 89.82 million this year, or about ...