Taipei,Oct.8,2012(CENS)--While remaining profitable in August and September,most of Taiwana's machine tool makers are worried that continued appreciation of the New Taiwan dollar against the U.S.dollar would erode their profit into the ...
Swiss meat processing company Bell Group said it is "holding up well", despite booking a drop in first-half profits today (9 August). The company said it faced a "difficult" trading environment in the six-month period as net profit ...
Tags: Bell Group, meat processing company, meat, meat processing
Associated British Foods today (10 September) revealed it had taken an impairment charge of A$150m (US$155m) on its Australian meat business as it battles "difficult" trading conditions in the market. The UK-listed group announced the ...
Tags: Australia, ABF, impairment charge, meat business
Fitch Ratings has downgraded Japan based Nippon Steel & Sumitomo Metal Corporation's Long Term Foreign and Local Currency Issuer Default Ratings and senior unsecured rating to 'BBB' from 'BBB+'. A Negative Outlook has been assigned. The ...
Yonhap reported that the South Korean economy will likely expand at a lower than expected rate in 2013 due to the sluggish economic recovery in advanced countries. Morgan Stanley said that South Korea's gross domestic product is predicted ...
Tags: Morgan Stanley, South Korean economy, economic recovery
Kate Spade LLC, a wholly-owned subsidiary of Fifth & Pacific Companies Inc. through Kate Spade's own wholly-owned Japanese subsidiary KSJ Co., Ltd., a Japanese kabushiki kaisha, acquired the 51% interest held by Sanei International Co., ...
Tags: Kate Spade, required, retail, department store
IDG News Service-Apple has increased the prices of apps sold through its iTunes App Store in Europe because of exchange rate changes,it said on Friday.The minimum price for an app in the Euro zone rose to$1.15. App Store users who tried ...
PPG Industries reported third quarter 2012 net sales of $3.8 billion. Net income for the quarter was $339 million, including nonrecurring charges. Adjusted net income for the quarter, excluding the nonrecurring charges, was $348 million. ...
Tags: PPG Industries, automotive OEM, refinish coatings, Performance Coatings
Pumpkin Patch Limited reported its audited results for the 12 months ended 31 July 2012. Neil Cowie,Chief Executive Officer,said"While the trading result exceeded market expectations it clearly reflects the challenging conditions we have ...
Tags: Pumpkin Patch, audited results, development of multi-channel strategies
Estée Lauder cosmetics conglomerate sells 12 of its 28 cosmetics brands in China,but the Chinses beauty market deserves more.The beauty group focuses the company's resources on markets with the greatest growth ...
Tags: growth potential, Estee Lauder's, beauty
Taipei,Sept.24,2012(CENS)--Many Taiwanese machine-tool makers scored fatter earnings in the second quarter than the first quarter this year partly thanks to the depreciation of the New Taiwan Dollar against the U.S.dollar. In the ...
Taipei, Sept. 21, 2012 (CENS)--In view of the inflationary pressure to be brought about by the third-round quantitative easing policy (QE3) of the U.S., the regular meeting of the board of the directors and supervisors of the Central Bank ...
Tags: Cbc, Discount Rate, Inflationary Pressure, NT Dollar
Brazil will raise import tariffs on 100 foreign products to help struggling local industries,Finance Minister Guido Mantega said on Tuesday,in a move that could amplify concerns over growing protectionism in the world's No.6 economy. This ...
Tags: Brazil, import tax, industry
Lindt & Spruengli has booked a 14% rise in first-half net profit in the face of weak consumer sentiment in the chocolate-maker's largest markets, the US and Europe. The Swiss chocolatier said today (21 August) net profit rose to CHF36.6m ...
Tags: chocolate, weak consumer, milk, sugar, nuts
UK frozen food manufacturer Iglo Group has booked an increase in first-half profits but warned it expects markets in the second half of the year to remain "challenging". EBITDA in the six-month period climbed 12.8% to GBP180.3m ...
Tags: frozen food, snacking, takeaway style, fish, poultry, vegetables