Exports from Tirupur, known for knitwear manufacturing, has reached Rs 15,000 crore in the first nine months of the ongoing fiscal year 2014-15, A Sakthivel, president of Tirupur Exporters’ Association (TEA) said in a statement. ...
Improved global operations and a lower effective tax rate drove net income growth by 46.87 per cent year on year at value added yarns producer, Unifi Inc in the second quarter ended December 28, 2014. Unifi said its net income for the ...
Tags: tax rate, net income, Textile
Under the agreement that signed in the Swiss ski resort of Davos, China gives Switzerland an 8-billion-US-dollar investment quota under its Qualified Foreign Institutional Investor program, and the two sides plan to open a Chinese bank in ...
Tags: Financial System, banks
Bord Bia today launched its Export Performance and Prospects Report which reflects a 4% increase in exports for 2014 to reach a record high of almost €10.5bn. Aidan Cotter, Chief Executive, Bord Bia outlined the background to the ...
Tags: milk, drink industry, Agriculture
Taiwan's 2015 machinery exports to see rough going. In Jan.-Nov.2014, Taiwan shipped US$19 billion of machinery, up only 6.4% year on year, with the island's machine-tool industry having exported US$3.43 billion of equipment, growing at ...
Tags: machine-tool industry, high-performance machines, Manufacturing
With 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
The International Air Transport Association (IATA) has reported an improvement in airlines’ financial well-being. Worldwide airline share prices rose 14% in November, supported by continued decline in the price of crude oil and jet ...
The quotations for the CIF Bremen Cotton Index fluctuated within a small range in the current week, compared to the previous week. The corresponding prices in Euro experienced only a marginal change as well, while the US dollar remained ...
US based apparel marketer and NYSE listed, PVH Corp said its earnings per share for the third fiscal quarter ended November 2, 2014 rose in double digits from the prior year quarter. On a non-GAAP basis, PVH which has marquee fashion ...
Tags: Calvin Klein, Apparel
Thailand based, Indorama Ventures Public Company Limited (IVL) said in the first nine months of fiscal 2014, its core net profit skyrocketed in triple digits, from the same period of previous fiscal year. IVL, a producer of intermediate ...
Tags: intermediate petrochemicals, crude oil prices, Textile
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
Taiwanese machine-tool makers Fair Friend Enterprise Group, Goodway Machine Corp., and Hiwin Technologies Corp. have decided to acquire Japanese machine-tool makers in a move widely seen as an attempt to convert the threat of the weak yen ...
Tags: Triggers, Machine Tool
South Africa headquartered Sasol Limited has taken the final decision to set up an US$ 8.1 billion ethane cracker and derivatives complex at its existing site in Lake Charles, Louisiana. "At the heart of the project is an ethane cracker ...
Tags: Sasol Limited, Cracker, Textile
The world’s largest economy – the US is the locomotive of global growth for the first time since the great recession and in the process boosting exports around the world, says the Chief Economist at IHF. Nariman Behravesh ...
Tags: domestic demand, oil production
Speaking at the SteelOrbis 2014 Fall Conference & 71st IREPAS Meeting in Berlin, Ioannis Meimaroglu from Helveco Intertrade, the chairman of the raw materials suppliers committee, stated that the increasing volume of exports from China due ...
Tags: Metallurgy, Mineral, Energy, Raw Material