Germany-based steelmaker Salzgitter Group has issued its financial results data for the first quarter of the current year, stating that the performance of the company was overshadowed by persistently unfavorable general economic conditions ...
Tags: Salzgitter, Loss, Steel
The stockmarket was awash with fresh optimism that the dollar may finally be on a sustained decline as it plays catch-up to the fall in interest rates and commodity prices, reversing a major earnings headwind several sectors have faced for ...
Furniture Today will broadcast an exclusive webcast on June 5 by Jerry Epperson on the "State of the Industry" in 2013, sponsored by Nationwide Marketing Group. Click here for details. "2013 began with lots of challenges, mostly out of ...
Tags: Furniture, Furnishing
The U.S. Senate has voted to allow states to collect sales tax from online retailers, making it more difficult to buy tax-free products online. The Senate's vote of 69-27 for the Marketplace Fairness Act late Monday sends the bill to the ...
Tags: US Senate, Internet Sales Tax
The dollar is still higher after getting a boost from better US employment figures, increasing optimism about the America's economic recovery. At 5pm AEST, the local unit was trading at $US1.0272, up from $US1.0254 on Friday. The Aussie ...
Tags: US Unemployment Rate, Service
High unemployment and the continued slowdown in economic growth in the Southern European crisis countries in particular is still hampering economic development in the European Union (EU). While the countries moving towards recovery are ...
Tags: GFK Consumer Climate, unemployment
The sharemarket notched up its biggest gain for five weeks yesterday as the banks led broad-based gains thanks to lower-than-expected domestic inflation data and stronger offshore markets. The consumer price index rose 0.4 per cent in the ...
Tags: Renewed, Interest Rate
The Spanish stainless steel producer Acerinox S.A. has announced that in the first quarter of 2013 the stainless steel market has experienced an improvement compared to the end of 2012. However, doubts about the economic recovery and the ...
GFK GeoMarketing has released a study on European retail in 2013. The data was compiled and evaluated on behalf of the European Shopping Center Trust (ESCT). Published as an English-language compendium, the study provides a Europe-wide ...
Tags: GFK GeoMarketing
According to the Metal Industry Indicators report released by the US Geological Survey (USGS), the US economic recovery has supported domestic primary metals industry activity with modest metals demand coming from the manufacturing sector. ...
Tags: US Steel Industry, Mineral
The American Institute for International Steel (AIIS) reported Thursday that steel exports declined 3.8 percent in February 2013 compared to January, according to government data. For the year-to-date data through February, steel exports ...
Tags: Steel Exports, Mineral
The Chinese textile industry is facing several pressures and it needs to crack these pressures through various efforts, Sun Huaibin, director of the China Textile Economy Research Centre, has said. Speaking at the 2013 China Cotton ...
Tags: Textile Industry, Textile
The Australian dollar fell sharply in Asian trading yesterday on news that economic growth in China, Australia's largest trading partner, was much slower than expected in the first quarter of this year. At 5pm AEST, the dollar was buying ...
Tags: Aussie Dollar, GDP growth
Indian outsourcer Infosys saw its profit drop even as revenue grew in the first quarter, as margins were hit by staff salary increases, and investments and acquisitions by the company in new technology areas and markets. The ...
Tags: Infosys, Computer Products
Consumers cooled spending in March as the impact of colder weather across the country and harmful fiscal policy, namely the payroll tax hike, caught up to the economy and weakened retail sales. According to the National Retail Federation, ...
Tags: Economic Policy, Retail Sales