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sharp depreciation
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Yuan Tumble Unlikely Despite Weakening
Oct 24, 2016Though the Chinese currency renminbi, or the yuan, weakened to a six-year low against the U.S. dollar Friday, analysts said a sharp drop is unlikely despite persistent depreciation pressure. The central parity rate of the yuan retreated ...
Tags: Chinese currency, renminbi
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China's Yuan Further Weakens
Jul 19, 2016The Chinese currency renminbi, or the yuan, continued to weaken on Tuesday but analysts said more sharp depreciation is unlikely. The central parity rate of the yuan weakened 10 basis points to 6.6971 against the U.S. dollar, the weakest ...
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China Advances Exchange Rate Reform
Aug 16, 2015China's new forex rate formation mechanism is credit positive as it will increase currency flexibility and support China's capital account liberalization, said Moody's in a recent report. The People's Bank of China on Tuesday adjusted the ...
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One of The Big Benefits of The Sharp Fall in Oil Prices:a Drop in Raw Material Costs
Jan 21, 2015For coatings producers one of the big benefits of the sharp fall in oil prices in the second half of last year (2014) should be a drop in raw material costs. Some commentators are also predicting a rise in demand due to the effect of ...
Tags: Oil Prices, Raw materials, Construction
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RSR Mohota Spinning & Weaving Mills Ltd Swung to Profit in The Quarter and Half-Year
Jan 16, 2014Rai Saheb Rekhchand Mohota Spinning & Weaving Mills Ltd swung to profit in the quarter and half-year ended September 2013 on back of robust yarn demand from China and better sales realizations with sharp depreciation in rupee against US ...
Tags: RSR Mohota, Textile
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Kardemir and Icdas Increase Bar Prices for The Turkish Domestic Market
Jan 9, 2014Reportedly, the two major steelmakers in Turkey, Kardemir and Icdas, both announced to increase bar prices for the Turkish domestic market and the new prices will be effective from January 7th. The two companies explained that the ...
Tags: Bar Mills, Turkish Bar Mills, Prices Rise
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Fujibo Holdings Posted a 5.1 Per Cent Decline in Its Consolidated Net Sales
Jan 6, 2014Amidst a muted performance from its textiles business, Japan’s Fujibo Holdings, Inc. witnessed a dip in its overall sales revenue in H1 FY 2013-14. The company, which is engaged in the manufacture and sale of spun yarn, textiles ...
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Americas Region Surpasses Estimating 2.5% Growth Rate for China as Luxury Spending
Oct 30, 2013Reversing the trend of recent years, the Americas region is the king of the luxury goods spending hill, estimated to grow at four percent in 2013 versus 2012, surpassing the estimated 2.5 percent growth rate for China, as luxury spending in ...
Tags: Luxury Goods, luxury market
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Tata Consultancy Services Reported Strong Revenue and Profit Growth in The Third Quarter
Dec 17, 2012Tata Consultancy Services on Friday reported strong revenue and profit growth in the third quarter, citing a pick-up in discretionary spending by customers. Revenue in the quarter for India’s largest outsourcer was US$2.85 billion, ...
Tags: Tata Consultancy Service, revenue, profit growth, company news