China's central bank has devalued the yuan by almost 2 per cent - its lowest rate against the US dollar in almost three years. The People's Bank of China (POBC) said the decision to devalue the yuan by 1.9 per cent was a "one-off ...
Tags: China Yuan, US dollar
Oil prices gained Monday as data showed China imported more crude in July. China imported 30.71 million tons of crude in July, up 29 percent on year to a record high, according to the data released Sunday by General Administration of ...
Tags: crude oil, Oil prices
The Government of India will soon come out with an interest subvention (subsidy) scheme for exporters, commerce and industry minister Nirmala Sitharaman has said. Speaking at a function in New Delhi, Sitharaman said the soon to be ...
According to JDA Software Group, its 35 JDA customers have been named to the ‘Apparel Top 50 for 2015’ list. “These JDA customers include American Eagle Outfitters, Chico’s, Christopher & Banks and New York & ...
Tags: JDA, apparel and clothing
Notebook demand may not see as strong growth in the second half as originally expected and overall shipments are expected to decline to 160 million units in 2015, down 5% on year with some conservative players even forecasting the number to ...
Tags: Notebook Demand, PC
It is often assumed that emerging-economy living standards are bound to converge with those in developed countries. But, leaving aside some oil exporters and the city-states of Hong Kong and Singapore, only three countries and regions ...
Tags: emerging economy, financial crisis
Net profit at Spain based Inditex Group, the biggest global apparel marketer soared 28 per cent year on year in the first fiscal quarter ended April 30, 2015. In the three months to April 30, 2015, an Inditex Group press release, said its ...
Tags: apparel marketer, apparel
Shanghai's International Energy Exchange or INE intends to allocate 34 million barrels of storage space along China's eastern coast to serve participants of the country's proposed crude oil futures contract, officials said at the Shanghai ...
South Korea, which sends around a quarter of its exports to China, is one of the few countries in the world to run a trade surplus with the Asian giant. Both countries want more of this trade to be done in yuan, which would make trade ...
Tags: trade surplus, Chinese currency
For the 13 weeks period ended May 2, 2015, net sales at NYSE listed and apparel marketer Gap Inc were down 3 per cent year over year. Gap Inc.’s net sales declined 3 per cent to $3.66 billion in the first quarter of fiscal 2016 ...
Driven by Printwear and Branded Apparel sales, consolidated net sales at clothing retailer Gildan Activewear soared 15.9 per cent year over year in the first fiscal quarter ended April 5, 2015. Consolidated net sales in the first ...
Tags: Gildan Activewear, Printwear, underwear
For the first quarter of 2015, orders received by the Italian textile machinery manufacturers grew 8 per cent over the same period of the previous year. “This was mainly driven thanks to a positive performance in foreign ...
Tags: Textile Machinery, foreign markets
Dorel Sports sales grew approximately 3 percent in currency-neutral terms in the first quarter ended March 31 as success overseas was tempered by the U.S., where bicycle sales slipped below year ago levels in January but got back on plan in ...
Tags: Dorel Sports, Sports Wear
The U.S. consumer price index (CPI) for jewelry dropped 3.5 percent year on year to 165.6 points in March, which was basically unchanged from February. Comparatively, the CPI for watches was basically flat, or up 0.2 percent year on year, ...
Driven by redemption of $0.5 billion of preferred securities in December 2014, net income at NYSE listed Kimberly-Clark (K-C) was knocked down by 35.71 per cent year on year in the first quarter ended March 31, 2015. According to a K-C ...
Tags: Kimberley Clark, Q1 Net Income