UK retail sales values were up 1.8% on a like-for-like basis from August 2012, when they had decreased 0.4% on the preceding year. On a total basis, sales were up 3.6%, against a 1.6% increase in August 2012. While the growth was ...
Tags: Retail Sales, Textile
State-owned Chinese oil giant Sinopec has taken its first step into Egypt's upstream sector with a $3.1 billion deal to buy a 33% stake in US-based Apache's assets there. The deal is the first under in a new global strategic partnership ...
Tags: Metallurgy, Mineral, Energy
The European Bank for Reconstruction and Development (EBRD) is continuing to boost Turkey’s Anatolian region by providing €3.7 million as loan to Kivanc Tekstil, a leading producer of clothing fabrics and yarn, based in the city ...
Tags: Textile Firm
Elbit Imaging Ltd. announced its results for the second quarter of 2013. Consolidated Income revenues and gains for the three months period ended June 30, 2013 amounted to NIS 124 million ($ 34 million) compared to NIS 132 million in the ...
Tags: Apparel, Accessories
Russian mining and steel producing company Evraz Group has announced its unaudited interim results for the six months ended 30 June 2013. In the given period, Evraz registered a consolidated revenue of about $7.362 billion, decreasing 3.4 ...
Tags: steel, Metallurgy, Mineral, Energy
The Qantas Group has reported a profit before tax of $192 million but issued a reasonably cautious outlook, despite which the company's share price rose by 14%. The group has strengthened its financial position, with positive net free ...
In its financial results according to international financial reporting standards (IFRS) for the second quarter of the current year, Russian pipemaker TMK saw its net profit decrease by 53 percent compared to the first quarter this year to ...
Tags: Net Profit, Mineral
Glassport, Pennsylvania-based scrap mill services provider, and parent of Tube City IMS Corp., TMS International, will be acquired by the billionaire Pritzker family for $687 million in cash. The Pritzker organization is a private equity ...
Tags: TMS International, Mineral
Revolution Lighting Technologies, Inc. (Revolution Lighting), a U.S. LED lighting manufacturer, announced that it has closed its acquisition of Relume Technologies (Relume). Through this acquisition, Revolution Lighting now has a LED ...
Tags: Revolution Lighting, Lights
Elec-Tech International (ETI) revenues grew 10.52% to RMB 1.35 billion (US$ 220 million) in 1H13, according to the company’s 1H13 financial report released on Aug. 24. However, the company’s net income plunged 59.38% compared to ...
Canada-based Maple Leaf Foods has entered into an agreement to sell Rothsay, its rendering and biodiesel business, to Darling International of Irving, Texas, for C645m ($614.11m). This move is a part of the Maple Leaf Foods' plan to focus ...
Tags: Maple Leaf Foods, Food
iFabric Corp announced its financial results for the third quarter ended 30th June 2013. iFabric has a 30th September year end. Q3 HIGHLIGHTS: In the quarter ended 30th June 2013, revenues increased to $2,709,015 compared to $1,802,833 ...
Tags: iFabric Corp, Textile
For centuries, trading with raw material has been an integral part of economic life. Stock exchanges started everywhere and eventually developed into the stock exchanges that exist today, dealing with shares, too. The first stock exchange ...
Tags: Raw Material, Textile
Nokia's credit rating has been cut even further by ratings agency Moodys, over concerns about the company's cashflow. The company's credit rating now stands at B1, four levels below "investment grade". Further reading Nokia to launch ...
Australian port and rail company Asciano Wednesday posted a 41.2% year-on-year rise in net profit to A$342 million ($311 million) for the fiscal year to June 30, due in part to new rail contracts to haul coal in the state of Queensland and ...
Tags: Coal, Chemicals, Metallurgy, Mineral, Energy