European non-performing loans (NPLs) held by banks have increased to €1.2 trillion (up by nearly € 100 billion in 12 months) driven mainly by reported increases in Italy, Greece, Spain and Ireland, says PwC in its latest market ...
Tags: Non-Performing Loans, Service
Chinese shipbuilders have been sailing toward bankruptcy in recent years, with China trying to consolidate the industry and bail it out from the woe of overcapacity. With delays in deliveries, order cancellations and price decreases for ...
Thies iMaster F meet increased production demands during 24/7 'round the clock' duties by Mundotextil; as the Portuguese company wins orders from worldwide customers seeking an alternative supplier to those in Asia. ...
Tags: Dyeing Machines, Textile
More and more banks in Germany are facing declining returns and weak growth. Against the backdrop of the euro crisis, the eleven largest German banks saw their year-on-year earnings before tax drop by one third during the first half of 2012 ...
Tags: Banks, Interlinking Corporate, Private Banking Business
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
In the last days, the New York futures registered a considerable decrease to a level that had been seen at the beginning of March lastly. The reasons for the strong futures movements were not always comprehensible. Some can be named: ...
Tags: Long Staple Cotton, Bremen Market
According to the short range outlook of the World Steel Association (worldsteel), steel demand in the European Union (EU) is expected to contract further by 0.5 percent in 2013, well below the 2.4 percent growth which had been forecast in ...
Tags: Steel, Metallurgy, Mineral, Energy
The European Coatings Show (ECS) took place in March 2013 in Nuremberg, Germany, at a time of continued static demand in the European Union’s coating market. The exhibition and the congress that was held at the same time is one of ...
Tags: European Coatings, Coatings
The employment and social situation in the EU remained critical in the fourth quarter of 2012 with employment receding overall and unemployment rising further, while households' financial situation remained serious according to the European ...
Tags: EU-27, Employment, Social Situation
Switzerland is one of the smallest countries in Europe and has very high living costs compared to other nations around the world. Yet, the country is not a member of the European Union (EU). Switzerland has no direct access to the sea, and ...
Tags: Switzerland, Enigma, economy
The Ikea group increased retail turnover in the 2011/2012 financial year by 9.5% to €27.628bn. Adjusted for currency-exchange effects, this represented growth of 7.1%, while adjusted for selling space and currency-exchange effects, ...
The Ikea concern increased retail turnover in the 2011/2012 financial year (31 August) by 9.5% to €27.628bn. Adjusted for currency-exchange effects, this represented growth of 7.1%, while adjusted for selling space and ...
Tags: Ikea, retail turnover, company news
The year 2012 was historical in many ways: First of all, the common people in the street discovered that the crisis in 2008 and 2009 didn't impact the financial world at all. Furthermore, the euro crisis revealed the true face of the ...
Tags: European Union, global finance market, textile machinery
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
In 2012, Sika lifted sales by 5.8% to CHF 4.82 billion. This was largely attributable to Sika's strong global presence, which enabled the company to offset fall-offs in demand in European markets. 10.7% growth was achieved in the emerging ...