In a trading statement for first-half 2016, epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK says that it expects to deliver a significant increase in revenues and profits compared with first-half 2015 and continues to ...
Tags: IQE, epiwafer foundry
The Chinese currency renminbi, or the yuan, continued to weaken on Tuesday but analysts said more sharp depreciation is unlikely. The central parity rate of the yuan weakened 10 basis points to 6.6971 against the U.S. dollar, the weakest ...
Flavours Place, an online marketplace selling coffee and tea collections, will now allow users to buy exotic coffee and tea blends directly from farms using Bitcoin. Flavours Place is dedicated to all the coffee and tea lovers and ...
The decision of the British people to leave the EU has shocked many people. Even those fearing that the referendum may result in the undoing of the work of many previous years for a stronger union of the European nations, had a sense of ...
Tags: leaving EU, referendum
Debenhams has announced its trading update for the 15 weeks to 11th June. LFL sales grew by 0.2%, with online sales up 7%. In the 15 week period, gross transaction value rose by 0.5%, taking the cumulative YOY performance to growth of 1.3%. ...
Tags: clothing, sustainable growth
Bega Cheese has announced a reduction in its opening farm gate milk prices for the 2016/17 financial year. The dairy company will pay approximately 11 per cent lower across all its supply regions. This equates to a Victoria farm gate milk ...
Tags: Bega Cheese, ASX, milk prices
Taiwan’s overall export orders in May totaled US$33.73 billion, down 5.8 percent year on year (photo courtesy of UDN.com).Taiwan's export orders received in May totaled US$33.73 billion, down 5.8 percent year on year to represent the ...
According to new research released by Euromonitor International, global alcoholic drinks volumes registered a decline of 0.7% in 2015, entering negative territory for the first time in more than a decade. This translated into a loss of ...
Tags: Alcoholic Drinks, Alcoholic
Agricultural and seed company Monsanto is looking to exit its biotech soybean seeds business in Argentina, as it faces problems in collecting seed royalties and with a depreciation in the country’s currency. The seed company is in ...
Tags: Soybean Seeds, soybean
Under Armour Inc. reported revenues in the first quarter increased 30 percent in the first quarter of 2016 to $1.05 billion compared with net revenues of $805 million in the prior year's period. Wall Street's average expectation was $1.04 ...
Tags: Under Armour, Revenues
Performance Sports Group Ltd. swung to a net loss in the fiscal third quarter ended February 29 as expected due to a precipitous drop in baseball and softball sales, retail bankruptcies and the impact of currency exchange rates on its ...
General Motors (GM) has announced a recall of more than one million pickup trucks due to a seat belt flaw. The company said the recall of the 2014-15 Chevrolet Silverado and GMC Sierra 1500 pickups is not linked to any crashes, injuries ...
Tags: GM, General Motors, Pickup trucks
HanesBrands has agreed to acquire the privately held Italian company Champion Europe, which owns the trademark for the Champion brand in Europe, the Middle East and Africa, in an all-cash transaction. The purchase price will be 10 times ...
Tags: Champion Europe, Hanesbrands, EBITDA
Worldwide IT spending is forecast to total US$3.49 trillion in 2016, a decline of 0.5% over 2015 spending of US$3.5 trillion, according to Gartner. This is down from last quarter's forecast of 0.5% growth. The change in the forecast is ...
Tags: device market, printers
The European Bank for Reconstruction and Development (EBRD) has agreed to make $100m equity investment in Egypt-based United Sugar Company (USC), which is also a subsidiary of Savola Group, to strengthen the agribusiness sector in the ...
Tags: EBRD, Investment, USC, United Sugar Company, Savola Group