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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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Fast Retailing Announces Third Quarter Results for Fiscal 2014
Aug 12, 2014Group Performance: Operating income up 9.9% in nine months from September 2013-May 2014. The Fast Retailing Group reported gains in both sales and income in the nine months to May 2014, with consolidated net sales reaching JP\1.088 trillion ...
Tags: Retail, Apparel, Accessories
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Cummins Reported Higher Fourth-Quarter Profit Than The Same Period a Year Ago
Feb 17, 2014Cummins Inc. reported higher fourth-quarter profit than the same period a year ago as sales increased in North America and Europe. Net income attributable to Cummins increased to $432 million in the quarter, or $2.33 a share, from $369 ...
Tags: Cummins, Transportation, generator
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Six Major Japanese Electronic Components Manufacturers Announced Higher Profits
Feb 10, 2014TOKYO --- As if in lockstep, six major Japanese electronic components manufacturers had announced by Friday markedly higher profits for the nine months ended Dec. 31. Murata Mfg. Co.'s net profit jumped 140% on the year to 74.6 billion ...
Tags: electronic components
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Tesco Has Revealed That It Experienced Weak Trading Over The Crucial Christmas Period
Jan 13, 2014Tesco's UK like for like sales drop 2.4 per cent, while Morrisons sees a 5.6 per cent fall in sales Tesco has revealed that it experienced weak trading over the crucial Christmas period. Britain's biggest supermarket chain announced ...
Tags: Tesco, weak trading, Christmas sales, Morrisons, Marks, Spencer, grocer
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Macy's Announced Record Holiday Sales While Simultaneously Cutting 2,500 Jobs
Jan 10, 2014Macy's announced late Wednesday record holiday sales while simultaneously cutting 2,500 jobs and detailing plans to close five stores. As reported in Retailing Today, the nation's leading department store retailer late Wednesday issued ...
Tags: Macy, holiday sales, organizational changes, Terry Lundgren
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Mothercare Plc Experienced a Slow Christmas Trading Period
Jan 9, 2014In the UK, sales have dropped 9.9 per cent over the period Mothercare plc experienced a slow Christmas trading period, according to its latest results, covering the 12 week period to January 4th 2014. The firm's worldwide network ...
Tags: Mothercare, Christmas trading, slow, worldwide network sales
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Liugong Machinery to Customize Equipment to Beat off Komatsu Ltd and Other Japanese Rivals
Nov 1, 2013When Guangxi Liugong Machinery was bidding to sell wheel loaders to a Thai rice merchant a few years ago, company president Zeng Guangan knew he needed to customize his equipment to beat off Komatsu Ltd and other Japanese rivals. ...
Tags: Heavy Gear, Wheel Loader
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Pernod Ricard Reported a Drop in Its Q1 2014 Net Sales by 9%
Oct 28, 2013Spirits giant Pernod Ricard has reported a drop in its Q1 2014 net sales by 9% to €2.01bn, compared to €2.2bn in the same period a year ago. The company has attributed the decline in first-quarter sales primarily to an ...
Tags: Pernod Ricard, Food
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Sharemarket Has Closed 0.7 Per Cent Lower
May 3, 2013The sharemarket has closed 0.7 per cent lower, with concerns about global economic growth pulling down resources stocks. The benchmark S&P/ASX200 index was down 36.2 points, or 0.7 per cent, at 5130.0 points. The broader All Ordinaries ...
Tags: Resources Stocks, economy
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Shares Were Punished as Investors Worried About Resources Stocks Being Hit
May 3, 2013Shares were punished yesterday as investors worried about resources stocks being hit by global economic concerns, and the dollar was also sharply lower on the increased likelihood of an imminent cut in the official cash rate. The ...
Tags: Aussie Dollar, economy
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QBE Insurance Tapped US Debt Market for $US600 Million
Apr 27, 2013QBE Insurance has tapped the US debt market for $US600 million to help buy back convertible securities next month, within days of being downgraded by credit ratings agency Moody's. Highlighting the strength of international debt markets, ...
Tags: QBE Insurance, US debt market
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US Dairy Firm Land O'lakes Has Booked an Increase in Full-Year Profit
Feb 27, 2013US dairy firm Land O'Lakes has booked an increase in full-year profit, boosted by initiatives to build its value-added, branded business. In the 12 month period, net earnings totalled US$241m, a 31% increase on the prior year period. ...
Tags: dairy firm, Land O'Lakes, ull-year profit
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United Natural Foods Has Cut Its Full-Year Profit Outlook
Feb 27, 2013US distributor United Natural Foods has cut its full-year profit outlook, despite booking an increase in first-half profit. The company today (26 February) booked an 18.8% increase in profit in the six months ended 26 January, to ...
Tags: Natural Foods, Foods, profit
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Wilmar International Has Formed a Joint Venture with Peer Noble Group
Feb 25, 2013Singapore agribusiness giant Wilmar International has formed a joint venture with peer Noble Group to produce palm oil and its by-products in Indonesia. The companies said Wilmar's subsidiary Newbloom will hold a 53.74% equity stake in ...
Tags: palm oil, agribusiness giant, oils