The Rieter Group held its own in 2012 against difficult market conditions worldwide. Order intake for the year as a whole declined by 12% to 839.7 million CHF, although Rieter received more orders in the second half-year than in the first. ...
Tags: Textile machinery, Textile, raw material
China-based Suntech Power Holdings announced the insolvency of its China subsidiary, Wuxi Suntech. Industry sources noted that Suntech executives will arrive in Taiwan next week to meet with strategic partners. Taiwan-based solar firms ...
Tags: Suntech, solar firms, solar
The benchmark S&P/ASX 200 closed up 0.2 per cent at 4967.3 points after hitting a six-week low of 4927.9. Financials and consumer staples lent support, with ANZ, Westpac, NAB, Woolworths and Wesfarmers up 0.8 per cent to 1.5 per cent. ...
Tags: economy
China-based large-size solar firm Suntech Power Holdings announced that on March 18, 2013, a group of eight China-based banks filed a petition for insolvency and restructuring of its China subsidiary Wuxi Suntech Power Holdings (Wuxi ...
Tags: solar firm, solar, Suntech
INVESTMENT banks, suffering the softest period for takeover completions in almost a decade, are facing the prospect of another weak year of deal-making as companies remain cautious and shy away from big mergers and acquisitions. In ...
Tags: M&A, Downward Spiral, economy
Computer networks of banks and some broadcasters in South Korea were hit Wednesday in what is suspected to be a cyber attack, according to news reports. At least three broadcasters and two banks reported to the National Police Agency that ...
Tags: Cyber Attack, computer network, computer
US stocks moved lower as prices took a hit from continued uncertainty about the fate of a bailout plan for banks in Cyprus and weakness in technology shares. The Dow Jones Industrial Average shed 90.24 points, or 0.6 per cent, to ...
The US government plans to reinforce its cybersecurity programme by expanding web monitoring, using a process which currently scans traffic going in and out of defence contractors and expanding it to private firms. That means employees of ...
Tags: US, Computer Products, web monitoring
The latest declared glass recycling rate in South Africa is now, according to The Glass Recycling Company (TGRC), 40.1%; a 230% growth in annual volumes recycled since the inception of TGRC six years ago. Evidence of a shift in consumer ...
The Government of India has approved Revival, Reform and Restructuring (RRR) Package for Handloom Sector in November 2011, to waive off the overdue loans of primary weavers cooperatives, other weavers organizations and individual weavers ...
Tags: handloom, weavers, Handloom Proposal Package
Editor's note: The following article appeared in the March 1 issue of Bicycle Retailer & Industry News and is part of our series of articles on succession in the bike industry. When Peter Enright agreed to friend Spence Wolf’s ...
Tags: Bicycle Retailer, Bicycle Industry, bike
Australian stocks have opened higher, with the big retail banks and major energy companies leading the broader market higher. At 10.10am AEDT, the benchmark S&P/ASX200 index was up 14.6 points, or 0.29 per cent, at 4981.9 points. The ...
Tags: Australian stocks, Banks, economy
A STEADY-AS-SHE-GOES statement from the US central bank and easing fears about Cyprus has had little impact on the Australian dollar. At 7am AEDT, the local unit was trading $US1.0379, level with where it ended the local session ...
While U.S. markets have surged lately, with the Dow Jones Industrial Average hitting milestone after milestone in 10 straight days of advances, a relatively modest increase in the value of IT company shares reflects the reality that a ...
Tags: tech trends, tech sector, tech stocks
The sharemarket continued its fall yesterday, dropping back below 5000 points even though European and US markets brushed off concerns that plans for a deposit tax in Cyprus could reignite the European debt crisis. The benchmark S&P/ASX ...
Tags: sharemarket, Stocks, European Debt