Last month’s credit crunch should be seen as part of Beijing’s effort to restrain runaway credit growth and investment and encourage consumption spending, according to the Export Finance and Insurance Corporation. The ...
Ireland-based biotechnology company Elan has reported a net income of $2.29bn, or $4.28 per share, for the second quarter ended on 30 June 2013 compared to a net loss of $28.5m, or $0.05per share in 2012. Operating loss for the second ...
The Australian dollar was weaker as markets warmed again to the idea that the central bank will cut interest rates next month. "Domestic press speculation of an RBA rate cut in early August has weighed on the Australian dollar," RBC ...
Tags: Australian Dollar
Natural rubber surpluses and poor demand, especially from China, will weigh on spot prices for the commodity, Germany's Commerzbank said in a report issued Tuesday. "Several years of supply surpluses on the global rubber market have ...
Tags: Natural rubber, Chemicals
The Architecture Billings Index (ABI) remained positive again in June after the first decline in ten months in April. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time ...
Premier Foods will continue to develop its Power Brands and deliver a further £10M of cost savings this year, according to a statement accompanying its half-year results posted today (July 23). Gavin Darby, chief executive officer, ...
Tags: Premier Foods, Agriculture
In a trading update for first-half 201, epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK says it expects first-half performance to be ahead of market expectations, with revenue approaching £63m, EBITDA (earnings ...
Tags: IQE, Electrical
On 16 July 2013, Billabong International Limited announced that it had entered into agreements with entities advised by Altamont and entities sub-advised by GSO Capital Partners (the credit arm of the Blackstone Group, and together with ...
Tags: Altamont-LED
Rocky Brands, Inc. announced financial results for its second quarter ended June 30, 2013. For the second quarter of 2013, net sales increased 33.8% to $59.4 million versus net sales of $44.4 million for the second quarter of 2012. The ...
Tags: Rocky Brands, Apparel
HanesBrands , a leading marketer of everyday basic apparel under world-class brands, announced that it has entered into a definitive agreement to acquire Maidenform Brands, Inc. , for $23.50 per share, a 30 percent premium to ...
Tags: Hanesbrands, Apparel
Finance segments experienced some growth, driven by emerging markets, but the capital markets and commercial banking remained cautious, according to the latest study by the Financial Services Competence Center at Roland Berger Strategy ...
Tags: economy, Finance segments
Clondalkin told PN that it has completed a highly successful seven year refinancing of its debt and is well placed to continue with its progressive development plans. According to the firm, the refinancing is one of the biggest composite ...
Specialist meat packer Hilton Food Group's strategy of operating with one customer per market could lead it to benefit from the horsemeat crisis, predicted City analyst Shore Capital. Hilton Foods' business model of one customer per ...
Tags: Hilton Foods, Agriculture, Food
The 2014 North American International Auto Show (NAIAS) in Detroit will not be affected by the city’s recent bankruptcy announcement, according to the event’s organiser. Michigan Governor Rick Snyder last week authorised ...
Tags: Detroit Auto Show
Chrysler, Ford and General Motors have thrown their support behind Detroit after the automotive industry hub known as ‘Motor City’ filed the largest municipal bankruptcy case in US history. Michigan Governor Rick Snyder ...
Tags: Car Makers, Detroit Bankruptcy