Ukrainian gas company Naftogaz and Russian gas company Gazprom are considering an EU proposal where Naftogaz pays Gazprom $2 billion by Friday in exchange for talks on a new gas price and no prepayment in June, the European Commission said ...
Tags: EU energy, Russian Gas
Automobile components manufacturer JBM Group is reportedly planning to invest INR7bn ($118.77m) in automobile component business in India over the next two years. The move is part of the company's plans increase its annual revenues from ...
Tags: Automobile Component, JBM Group
Foot Locker, Inc. reported net income for the company's first quarter ended May 3, was $162 million, or $1.10 per share, compared with net income of $138 million, or 90 cents per share, last year. Wall Street's consensus estimate had been ...
Tags: Foot Locker, gross margin
"We obviously want to establish a clear lead in terms of product performance," said Groupe Michelin General Partner and CEO Jean-Dominique Senard At Groupe Michelin's annual shareholders meeting, shareholders adopted all of the ...
Marks and Spencer Group Plc reports full year results 2013/14 for the 52 weeks ended 29 March 2014. Highlights: Full year results: • Group sales up 2.7%1 at £10.3bn • Total UK sales +2.3%: Food +4.2%; General ...
Tags: Marks&Spencer
Beijing bureaucrats are all exhausted just by chasing a sputtering economy and trying to keep it moving. Some fine-tuning here, a bit of state spending there – all with the aim of meeting a GDP growth target. But if they want to stop ...
Tags: Economy Reform, China Economy
"We obviously want to establish a clear lead in terms of product performance," said Groupe Michelin General Partner and CEO Jean-Dominique Senard. At Groupe Michelin's annual shareholders meeting, shareholders adopted all of the ...
Tags: Auto Parts, Accessories, Tire, Tyre
Russian metallurgical companies do not expect problems with debt refinancing because of the worsening geopolitical situation and the threat of the new sanctions against Russia, according to the results of a survey carried out by Russian ...
Tags: Steelmakers, Evraz
International credit rating agency Moody's has announced that it has upgraded the Turkish steel producer Erdemir's corporate family rating to Ba3, affirming the rating outlook as stable. Moody's stated that the upgrade was prompted by ...
Tags: steel producer, credit rating
South Korea's state-owned Korea Gas Corp imported 12.61 million mt of LNG in the first quarter, up 0.5% from 12.55 million mt a year earlier, the company said in a statement Wednesday. All of the volumes were imported under long-term ...
Tags: LNG Imports, LNG
Lenzing Group reports first quarter results for 2014. The first quarter of 2014 for the Lenzing Group was characterized by the steady erosion of selling prices for man-made cellulose fibers against the backdrop of the ongoing strong volume ...
SunOpta, a leading global company focused on natural, organic and specialty foods, announced financial results for the first quarter ended April 5, 2014. All amounts are expressed in US dollars and results are reported in accordance with ...
Tags: specialty foods
Stockholm-listed Dannemora Mineral AB, the group that restored the Dannemora iron ore mine in the southeast of Sweden back to production to supply the steel industry, said Tuesday it had applied for a Swedish version of Chapter 11 ...
Tags: Iron Ore, Steel Industry
Germany-based steelmaker ThyssenKrupp has announced its financial results for the first half ended March 31 of the financial year 2013-14, stating that it has achieved all operating and strategic targets for the first quarter. In the ...
Tags: ThyssenKrupp, steelmaker
UK-based London Mining, a global diversified miner targeting the steel sector, has announced that it is seeking a strategic partner for its Marampa iron ore project located in Sierra Leone. In view of ongoing pricing volatility and the ...
Tags: London Mining, Marampa Project