Minister for Industry Greg Combet says manufacturers should not sit back and wait for a fall in the Australian dollar – they must change with the times or risk failure. Mr Combet’s warning, reported by The Australian ...
Reportedly, Egyptian rebar producers are expected to increase their price about US$30-US$59 /ton early next month. Recently, the currency against the US dollar shows weak trend. Since the Egyptian steelmakers purchase the raw ...
Tags: rebar, Egypt, company news
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
A weaker yen helped Japanese stocks push past 11,000 for the first time since April 2010 early today, while the South Korean market was weighed by a decline in Samsung Electronics. The US dollar strengthened against the yen early today, ...
Tags: yen, Japanese stocks, Samsung Electronics
Anticipating a three percent rise in the nation’s GDP, Brazil’s textile and garment industry is expecting a two percent rise in its production during the current year. Talking to media, President of the Brazilian Textile ...
Queensland-based mining companies including coal producers are expecting to shed nearly 500 jobs from their operations in the Australian state in the next 12 months, and this is on top of a net loss of 3,370 jobs in the mining industry in ...
The sharemarket closed little changed yesterday, despite news from Japan that Australia's second-biggest trading partner was taking steps to spur growth in its long-stalled economy. The benchmark S&P/ASX 200 index closed up 1.6 points, or ...
Tags: Stocks, sharemarket, inflation target
Garments Exporters Association (GEA) has requested the Government to provide adequate fiscal relief for the garment sector of the textile industry to enable it to face increasing international competition. GEA has pointed out that garment ...
According to LEDinside, the LED research division of TrendForce, the ASP volatility of LED light bulb has been continued into December 2012. Products from the US took the led as more new items were launched during the month. ASP for those ...
Tags: LED Light Bulb, LED, LED bulbs
International food retailer Delhaize has reported a rise in sales for 2012, but charges and lower profits dampened its performance. Delhaize said in an interim statement today (17 January) that net sales rose by 7.7% in 2012 versus 2011, ...
Tags: food retailer, Food Lion chain, Food, sales
TSMC had Q4 revenues of $4.5bn for a profit of $1.4bn. Revenue was 25% up on Qa2011 and profit was up 32% on Q4 2011. Compared to Q32012, Q4 was a 7.1% decrease in revenue and a 15.7% decrease in profit. Gross margin for the quarter was ...
Tags: TSMC, revenues, profit decrease
Reportedly, Japanese Yen has touched the weakest level versus the US dollar since June 2010 while Japanese Prime Minister Shinzo Abe seeks to accelerate the currency’s decline. Japan’s currency slid beyond 120 per EURO for ...
Tags: Japanese Yen, currency, monetary policy
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
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