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Sappi Delivers Increased Profits for 3rd Quarter Ended June 2016
Aug 10, 2016Operating profit excluding special items was strong at $97m despite the third quarter being seasonally the weakest due to the summer holiday period in the northern hemisphere and the scheduling of annual maintenance work during the period. ...
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Li & Fung Says Retail Disruption Dragged Down Sales In 2015
Mar 21, 2016Li & Fung Limited, which designs, sources and distributes consumer goods for many of the world's leading consumer brands, reported sales 2.4 percent to $18.8 billion in 2015. “2015 was a challenging year," said Spencer Fung, Group ...
Tags: Li&Fung, Sales, Retail distribution
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Sappi First Quarter Profits Triple on Significantly Stronger Performance
Feb 15, 2016Operating performance in the quarter was strong and substantially above the equivalent quarter last year. The group increased EBITDA excluding special items by 21% to US$175 million, operating profit excluding special items by 51% to ...
Tags: Stronger Performance, EBITDA
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China to Cut Price of Wind Power, PV
Dec 25, 2015China is set to cut benchmark on-grid price of electricity generated by onshore wind power and photovoltaic power to promote a sound environment for the green-energy industry, the country’s top economic planner said on Thursday. The ...
Tags: Cut Price, Wind Power
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PMEX Re-Launched International Cotton Contract
Apr 24, 2015The Pakistan Mercantile Exchange (PMEX) has re-launched International Cotton (ICotton) contract which is duly approved by Securities & Exchange Commission of Pakistan (SECP), it said in a statement. The contract aims to offer opportunities ...
Tags: PMEX, PMEX ICotton contract, Textile
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Overall Sales at Li & Fung Rose Marginally by Just 1.4% in Ended December 31, 2014.
Mar 24, 2015Although logistics division sales expanded by a massive 66 per cent, overall sales at Li & Fung rose marginally by just 1.4 per cent for the period ended December 31, 2014. Li & Fung said total sales grew 1.4 per cent to US $19,288 ...
Tags: Li&Fung Sales, Global Brands, Apparel
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Florists Recorded a Surge in Sales of Roses
Feb 16, 2015Valentine's Day brings bonanza for boxed bouquets of blossoms Florists recorded a surge in sales of roses in the week leading up to Valentine's Day, with more people ordering luxurious bouquets of roses packed in boxes. Flower retailers ...
Tags: Valentine's Day Roses, Red Rose
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China's Ministry of Finance Announces Sliding-Scale Tariff Plan for Cotton Imports in 2014
Dec 18, 2013China’s Ministry of Finance has announced the sliding-scale tariff plan for import of cotton in 2014. The tariff, applicable for cotton imports excluded from volume under import quotas, is as follows: a. If the cotton import ...
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Sappi Limited results for the fourth quarter and year ended September 2013
Nov 15, 2013Sappi Limited results for the fourth quarter and year ended September 2013. Strategic initiatives successfully completed and commissioned Summary -Dissolving wood pulp and speciality paper conversions commissioned and running well ...
Tags: Wood Pulp Producer, Textile
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China Plans to Raise Its Target of Installed Solar Capacity
Nov 12, 2013China plans to raise its whole-year target of installed solar capacity to 12 gigawatts in 2014, up by 20 percent from the original target, becoming the latest stimulus for the country's sluggish solar industry. The new installation target ...
Tags: Solar Power, Solar Capacity
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The National Energy Administration Announced New Guidelines for Shale Gas
Nov 4, 2013The National Energy Administration announced new guidelines for shale gas on Wednesday that aim to increase output of the fuel and thus improve China's energy security. The NEA's guidelines encourage local governments to subsidize shale ...
Tags: Gas, Metallurgy, Mineral, Energy
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China Has Cut on-Grid Electricity Tariffs for Coal-Fired Power Plants
Oct 18, 2013China has cut on-grid electricity tariffs for coal-fired power plants without changing power sales prices, the National Development and Reform Commission, the country's top economic planning agency, said Tuesday in a statement posted on its ...
Tags: Metallurgy, Mineral, Energy, power
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Chinese Juice Products Were Being Made From Rotten Fruit
Sep 24, 2013China's food watchdog has ordered an investigation into four beverage groups after claims that their juice products were being made from rotten fruit. The announcement came after four companies based in Anhui, Jiangsu and Shandong ...
Tags: Fruit Juice, Beverage
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PetroChina Expects a $3.3bn Annual Profit Boost From Government's Natural Gas Price Reform
Aug 27, 2013PetroChina Co Ltd, the nation's leading oil and natural gas producer, said on Thursday it expects a 20-billion-yuan ($3.3 billion) annual profit boost from the government's natural gas price reform. That inflow will further buoy the ...
Tags: PetroChina, natural gas producer
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The Australian Dollar Is Lower and Driven Down by Strong US Data
Aug 12, 2013THE Australian dollar is lower, driven down by strong US data, a weak local inflation measure and a bleak federal government budget forecast. At 5pm AEST the local unit was trading at 89.07 US cents, down from 89.58 cents yesterday. The ...