Novozymes acquires Iogen Bio-Products, industrial enzyme business of Ottawa-based Iogen Corporation for CAD 67.5 million (approximately DKK 370 million) and potential earn-out payments of up to CAD 12.5 million (approximately DKK 70 ...
Tags: Novozymes, Bio-Products, enzyme business
H & M declares its full year and fourth quarter results. Full-year - The H&M Group’s sales including VAT increased in local currencies by 11 percent during the financial year. Sales in comparable units increased by 1 percent. ...
Tags: H&M, fourth quarter, sales
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
The US dollar lost ground versus major rivals Tuesday, while the Australian and New Zealand currencies gained after upbeat economic data from the two South Pacific nations. The ICE dollar index, which measures the greenback against a ...
Tags: US dollar, currencies, ICE dollar index
Switzerland-based food group Huegli reported a 2% drop in sales for 2012, but added that it has recovered from a "slump" in the third-quarter of the year. Huegli said today (29 January) that net sales for the 12 months to the end of ...
SAP's revenue in the fourth quarter grew by 12 percent, helped by strong growth in the market for its cloud applications, its HANA in-memory database and mobile applications. Revenue in the fourth quarter ended Dec. 31 was $5 billion ...
Tags: SAP, revenue, cloud applications
According to the international financial reporting standards (IFRS), SAP’s revenue in Q4 2012 grew by 12%, which was helped by strong growth in the market for its cloud applications, its HANA in-memory database and mobile ...
By Omar al-Shaher, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Privately held Iraqi banks have almost entirely relinquished their traditional functions ...
Tags: Questions, Private Banks, Iraq
A new report from Gartner states that worldwide IT spending is set to total $3.7 trillion in 2013, marking a 4.2% increase over 2012. “Uncertainties surrounding prospects for an upturn in global economic growth are the major ...
Tags: IT Spending, 2013, Gartner
The total investment in real estate development in 2012 was 7,180.4 billion yuan, a year-on-year growth of 16.2 percent (nominal growth rate. The real growth rate was 14.9 percent), decreased 0.5 percentage points over the first eleven ...
Tags: Estate Development, Sales, 2012
In a desperate move to restrict imports of gold, the Indian Government and Reserve Bank of India (RBI) are planning to further increase import duty on gold from prevailing 4% to 6%. It had quadrupled the gold import duty from 1% to 4% last ...
Tags: Government, India, Jewellery Industry
FY sales up 1.2% to EUR66.7bn (US$88.7bn) Momentum slows in Q4 Reconfirms EBIT guidance German retailer Metro Group has reported a slight lift in overall net sales in 2012, enabling the firm to reconfirm its operating ...
Tags: Metro Group, sales, retailer
Chocolate maker Lindt & Sprüngli has reported a 7% rise in net sales for 2012 and estimated that profit margins widened during the year. For the 12 months to the end of December, Lindt reported sales of CHF2.67bn (US$2.8bn), ...
Tags: Chocolate maker, Lindt, profit
In 2012, Sika lifted sales by 5.8% to CHF 4.82 billion. This was largely attributable to Sika's strong global presence, which enabled the company to offset fall-offs in demand in European markets. 10.7% growth was achieved in the emerging ...
The Australian dollar fell, despite getting a boost from a 2 per cent surge on the Shanghai share market during the local trading day. At 5pm AEDT the Australian dollar was trading at 105.56 US cents, down from Friday's local close of ...
Tags: Australian dollar, share market, US cents