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Apple to Appeal EU's $14.5B Fine, Calls Itself 'convenient Target'
Dec 26, 2016When the European Union slapped Apple with a $14.5 billion tax fee in August, CEO Tim Cook called it "political crap." This week, the tech behemoth is fighting back in the form of an official appeal. "Apple is not an outlier in any ...
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Apple to Appeal EU's $14.5b Fine, Calls Itself Convenient Target
Dec 20, 2016When the European Union slapped Apple with a $14.5 billion tax fee in August, CEO Tim Cook called it "political crap." This week, the tech behemoth is fighting back in the form of an official appeal. "Apple is not an outlier in any ...
Tags: Apple, EU's watchdog
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Trans-Atlantic Gasoline Arb Reopens on Stronger US Prices
Nov 25, 2015The Trans-Atlantic gasoline arbitrage reopened Tuesday on the heels of stronger prices in both the Northwest Europe and US East Coast markets. Platts assessed the Eurobob barge at $469.25/mt, or $1.3412/gal, while RBOB cargoes delivered ...
Tags: gasoline, Mediterranean gasoline
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Asics America Sees Third Consecutive Quarter of Strong Growth
Nov 10, 2015Asics America Group, which includes the United States, Canada, Mexico and Brazil, reported that net sales increased by 3 percent in the third quarter of 2015 and grew 8.5 percent on a currency-neutral basis. Asics America Corporation, which ...
Tags: Asics America, wrestling, beach volleyball
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Chinese Shares Rose to The Highest Level in Seven Years
Jun 11, 2015Chinese shares rose to the highest level in seven years in volatile trade as bets that MSCI Inc will include mainland shares in its indexes overshadowed weaker shipments data. The ChiNext index of smaller and startup companies tumbled 4.67 ...
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Australia's Manufacturing Sector Has Contracted for The Third Month in a Row
Mar 5, 2015The latest data from the Australian Industry Group (AIG) Australian Performance of Manufacturing Index (PMI) indicates that Australia's manufacturing sector has contracted for the third month in a row, and that subdued domestic demand is ...
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Chinese Appetite for Foreign Currency Expands
Nov 20, 2014China experienced a third straight month of deficit in foreign exchange transactions as the country's growing appetite for foreign currency expands, according to new data published Tuesday. Chinese banks' forex purchases registered at ...
Tags: Foreign Currency, foreign exchange
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China's Auto Sector Growth to Halve to 7%
Oct 27, 2014Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said. "Personally, I think growth this year can reach 7 percent," Dong Yang, ...
Tags: auto market, Automobile
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The Cost of Ground Transportation for Canadian Shippers Dropped for The Third Month
Sep 11, 2014The total cost of ground transportation for Canadian shippers dropped for the third month in a row, according to data from the Canadian General Freight Index. Ground transportation costs dropped 0.4 percent in April, dropped again by 1.2 ...
Tags: Transportation, Logistics
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Plenty of Investment Opportunities in China for Investers
Sep 9, 2014Recent soft economic data including falling property prices have many investors worried about a growth slowdown in China, but Platinum Asset Management sees plenty of investment opportunities. The funds manager said in a note to investors ...
Tags: China Economy
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Class 8 Truck Orders Hit Second-Best July Records
Aug 5, 2014North American Class 8 truck orders hit the second-best July ever, according to industry data. July is usually a slow month for truck orders, but demand was higher in July 2014 than expected as North American truckers ordered some 45,400 ...
Tags: Transportation, Truck, Auto
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Methanex Has Cut Its June Contracts in The US by 10 Cents to $1.60/Gal FOB US Gulf
May 27, 2014Vancouver-based Methanex has cut its June contracts in the US by 10 cents to $1.60/gal FOB US Gulf, the company said Friday. The decrease marks the third straight month of 10-cent declines. After discounts and rebates that average 13%, ...
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Sources Said US Methanol Contract Prices Are Expected to Drop Sharply for June
May 26, 2014US methanol contract prices are expected to drop sharply for June following rapidly declining spot prices in recent months, sources said Thursday. June contract announcements from Methanex and Southern Chemical Corp. were expected to be ...
Tags: Methanol, methanol contract
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Freight Rates to Ship Coal From Qinhuangdao Port Fell for a Third Straight Week
May 16, 2014Freight rates to ship coal from northern China's Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou fell for a third straight week, Qinhuangdao port said Tuesday. Rates from Qinhuangdao to Zhangjiagang for ...
Tags: Coal stocks, Qinhuangdao Port
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Japanese Companies Are Expected to Maintain Profit Growth
May 9, 2014Listed Japanese companies as a whole are expected to maintain profit growth in the fiscal year ending March 2015, but management, concerned by the recent sales tax hike and emerging-market slowdowns, have issued conservative earnings ...
Tags: Electrical, Electronics
