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Currency Depreciation
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Subsidy Repayments Push TV Manufacturers Into The Red
Feb 2, 2016Two of China's largest home appliances manufacturers are predicting huge losses for 2015. Sichuan Changhong Electric Co Ltd has forecast it will slip 1.97 billion yuan ($300.3 million) into the red, a staggering 3,455 percent fall ...
Tags: home appliances, TV
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Official from the Department of Foreign Investment Administration of the MOFCOM Comments on the Influence of Improving the Quotation of the Middle Exchange Rate of RMB against the U.S. Dollar
Oct 16, 2015People’s Bank of China published the statement on improving the quotation of the middle exchange rate of RMB against the U.S. dollar on August 11. RMB depreciates against US dollars almost 4.6% in 4 days. This is the biased correction ...
Tags: foreign trade situation, rate of RMB against the U.S.dollar
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Monetary War of Competitive Currency Depreciation
Sep 21, 2015The recent drop in the exchange rate between the Chinese yuan (RMB) and U.S. dollar, the so-called "black Monday" on China's stock market and successive steep fall of the primary commodity market allowed much of the world to accuse China of ...
Tags: stock market, RMB depreciation
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China Faces Mounting Export Pressure
May 5, 2015A new official report has highlighted China's mounting economic challenges, including how to boost exports, amid the slow recovery of the global economy and some countries resorting to currency depreciation. "The world economy is growing ...
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China Makes Effort to Stabilize Yuan Amid Depreciation
Feb 5, 2015China's central bank seems to have moved to stabilize the yuan despite mounting market sentiment that the currency has been toward the upper limit of its daily trading band for the past week. The reference rate the People's Bank of China ...
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How Russia's Currency Depreciation Impacts China
Dec 23, 2014With falling home prices and slowing growth, Beijing already has plenty on its plate. Such challenges are now fueling concerns about how the current Russian currency turmoil will impact the world’s second largest economy, and ...
Tags: Currency Depreciation, home prices, rubble
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Mothercare Reported Pretax Profits as Against a Loss
Nov 24, 2014For the 28 week period to October 1, 2014, UK based babycare retailer, Mothercare reported pretax profits as against a loss in the comparable first half of 2013-14. Mothercare delivered reported profit before tax of £5.5 million in ...
Tags: babycare retailer, pretax profits, Apparel
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Indian Textile Sector Margins Are Expected to Normalize
Aug 12, 2014Indian textile sector margins are expected to normalize in the first half of the current fiscal year (2014-15), says a research report released by Anand Rathi, which is a full service financial services firm with headquarters in Mumbai. ...
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CCA Has Announced a Net Profit After Tax of $502.8 Million
Feb 27, 2014Food and beverage company Coca-Cola Amatil (CCA) has announced a net profit after tax of $502.8 million, before significant items. Net profit after tax (including significant items) decreased by 82.5 per cent to $79.9 million for the twelve ...
Tags: operating cost structure, Results Decline, Capital Expenditure
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BlueScope Steel Sees a Positive Sign in The Steel Market
Nov 21, 2013With the ongoing improvements in the US and continued strength in Asia, managing director Paul O'Malley of Australia's BlueScope Steel sees a positive sign in the steel market. O'Malley said that of the company's building products division, ...
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U.S. Crude-Oil Futures Settled 1% Lower Friday
Oct 14, 2013U.S. crude-oil futures settled 1% lower Friday after the International Energy Agency warned that the U.S. fiscal crisis could harm demand and said supplies are rising faster than previously thought. Light, sweet crude oil for November ...
Tags: crude-oil, global oil demand
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LED Lamp Average Selling Prices (ASP) Fell Slightly by 0.6% to US$ 15.5
Aug 29, 2013In July, global 40W equiv. LED lamp Average Selling Prices (ASP) fell slightly by 0.6% to US$ 15.5, with price drops most evident in U.S.,according to LEDinside, an LED research division of international research organization TrendForce. ...
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40W Equivalent LED Lamp ASP Fell 0.6% to US$15.50, with Price Drops Most Evident in The US
Aug 24, 2013In July 2013, global 40W equivalent LED lamp ASP fell 0.6% to US$15.50, with price drops most evident in the US, according to LEDinside. Global ASP for 60W equivalent LED prices dropped 3.3% to US$22.60, with falls most obvious in Europe. ...
Tags: LED, lighting, LEDinside lighting
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Turkish Long Steelmaker Icdas Has Hiked Prices of Rebar and Wire Rod
Jun 26, 2013Turkish long steelmaker Icdas has hiked prices of rebar and wire rod by TRY 30/ton, valid from Monday. Due to the weakening of the currency lira against US dollar, the mill had no choice but to adjust up the price to balance off the ...
Tags: Construction, Wire Rod
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The Average Price of 40W Retrofit LED Light Bulb Dropped by 7.7% in Japan
Mar 4, 2013The global average price of 40W retrofit LED light bulbs in January 2013 increased by 4% on month, reaching US$19.4/unit, while the price of 60W retrofit LED light bulbs dropped by 4.3% on month, at US$29.6/unit, according to studies. Among ...
Tags: LED light bulbs, January 2013, price