Rating agency Fitch predicts that China's annual steel exports are likely to fall to 70 to 80 million tons in the long term. Official data shows in 2014, China's steel exports reached 94 million tons. However, more steel production ...
Tags: Chinese Steel, Exports
Yesterday's U.S. interest rate adjustment narrows the scope for China to balance currency stability with economic growth. The U.S. Federal Reserve raised the benchmark interest rate by 25 basis points on Wednesday, the first increase ...
Tags: U.S.Rate, China's Policy
Sales growth in China's auto market will resume in 2016 after having stagnated since 2015, while automakers' margins will narrow due to fiercer competition, Fitch Ratings predicted Tuesday. Reduced purchase taxes and recovering consumer ...
Tags: auto market, SUVs
China's steel production capacity is likely to peak in 2016 as capacity is eliminated, gradually outpacing additions, Fitch Ratings has predicted. The rating agency expects China's steel production capacity to increase to about 1.17 ...
Tags: steel production, Steel
Global credit-rating agency Fitch has projected Bangladesh's economic outlook as stable for the current year also, but with a footnote that political and banking-sector risks remained on the flip side, a leading Bangladeshi newspaper has ...
Tags: Fitch, economic outlook
For the for the thirteen weeks period ended May 2, 2015, GAAP net loss soared at apparel retailer and NYSE listed Abercrombie & Fitch Co. First quarter of fiscal 2016 GAAP net loss surged to $63.2 million or $0.91 loss per diluted share ...
Tags: Abercrombie&Fitch, Apparel
The 7,000 square meter store boasts Go-Karting, a full scale Millenium Falcon and a 13 meter tall LEGO rocket. Celebrations are under way for the grand opening of Hamelys’ largest European toyshop in Moscow today. The iconic toy ...
Tags: Celebrations, store, Toys
Posted in Medical Device Business by Chris Newmarker and Brian Buntz on January 28, 2015 Medtronic is expected to enjoy lower corporate taxes now that it has moved its official headquarters from the U.S. to Ireland through its merger with ...
Tags: credit rating, Health
Coal provides nearly two thirds of China's energy, but for mining companies, this winter could not be more chilly. The government has done its best to save the day, but it is not enough to force up the price of coal, even in the short ...
Tags: Coal Industry, Coal
Mike Jeffries led apparel retailer Abercrombie & Fitch, has selected Demandware Inc., an industry-leading provider of enterprise cloud commerce solutions, to expand its digital retail operations across Asia. The retailer has launched ten ...
Mike Jeffries led apparel retailer Abercrombie & Fitch has announced that the company’s Board of Directors has approved a quarterly dividend for holders of the company’s common shares in the amount of $0.20 per common share. The ...
In an update on its third fiscal quarter ending November 1, 2014 performance, Mike Jeffries led apparel retailer, Abercrombie & Fitch said its sales slipped 12%, from a year earlier quarter. Net sales for the third quarter of 2014 went ...
Tags: Mike Jeffries led apparel retailer, Net sales, Apparel
Led by a decline of 9% in US sales, net sales at NYSE-listed apparel retailer Abercrombie & Fitch Co slipped 6% year on year in the thirteen weeks to August 2, 2014. In the second fiscal quarter of 2014, revenues at Abercrombie & Fitch ...
Tags: Abercrombie&Fitch, Apparel
PRINCE RUPERT, BC — Container ships from China, bound for the U.S., are diverting through Canadian ports to avoid delays from a looming strike at U.S. West Coast ports. According to Bloomberg, Prince Rupert and Vancouver ports have ...
Tags: Container Ships, Canadian Ports, Auto Parts