Nike Inc expects its revenue to rise more than 40 percent to $27 billion by 2015, helped by new stores and demand for its namesake brand and smaller brands like Converse, the athletic giant said on Wednesday.
Athletic gear giant Nike Inc expects its revenue to rise more than 40 percent to $27 billion by 2015, helped by demand for its namesake athletic merchandise and fast-growing brands like Converse, the company said on Wednesday.
Copper prices dropped to seven week low here on fears China may tighten monetary policy further and cause demand to thin from the world's top consumer of many base metals.
Even as gold is set to cash in on the European economic crisis, other metals like steel and copper are set to witness a fall following the debt crisis in Greece, Spain and Portugal. The debt crisis has hit several nations in the Europe and the Euro is also struggling. This will help gold because panicked investors will rush to park their money in gold as a safe haven.
Reports from China and South Africa, two major gold producers in the world, show that gold output this year may witness a surge as several companies have ramped up their production to cash in on the rising prices and increased demand. According to Chinese media, the country produced 70.16 tonnes of gold in the first three months of 2010. This is a gain of around 4.4 per cent year-on-year. The report further added that gold mining companies in China produced 57.3 tonnes of gold in the first three...
China remains the biggest growth market for German luxury car brands, according to data released on Wednesday from Mercedes-Benz, BMW and Audi.
Global commodity prices dropped Tuesday as new doubts about Europe's ability to resolve the Greek debt crisis sparked a global flight from risky investments. Crude oil and other energy contracts tumbled, a day after oil hit an 18-month high. Prices for copper and other industrial metals also fell sharply. The declines in commodities were made worse by a spike in the dollar as investors sought safe places for their money. The rising dollar tends to sap demand from foreign investors for commoditie...
A tumble in global stocks spread to Asia on Wednesday as fears heightened that Greece's debt woes could spread to other countries, which pushed the euro down to one-year lows against the dollar.
As Syria aggressively courts foreign investors to rescue its dwindling oil and gas sector, government corruption and problems settling disputes remain sticking points for some interested international players. But experts are divided over how contentious these obstacles truly are.
Molson Coors Brewing Co posted a lower-than-expected quarterly profit, hurt by higher expenses and falling sales volume, but its shares pared losses with the announcement of a new venture in China with a local brewer.
China's steel mills, which depend on iron ore imports from India and Australia, will face major problems in the coming days as India and Australia have hiked export duty on the commodity. Last week, India raised the export tax on iron ore lump variety to 10 percent from 5 percent, and levied a 5 percent tax on iron ore fines. Currently, the average price of Indian ore with 63.5 percent iron content quoted at around $80 per tonne. China's mills depends heavily on iron ore imports from India.
Silver Lake and Warburg Pincus are to buy financial data provider Interactive Data for $3.4 billion in cash, including a $2 billion payment to majority owner Pearson which it will use to expand.
Silver Lake and Warburg Pincus are to buy financial data provider Interactive Data for $3.4 billion in cash, including a $2 billion payment to majority owner Pearson which it will use to expand.
Russia's northern Siberian province of Yamalo-Nenets Autonomous Area is in talks with China to form joint energy projects. The Autonomous region, rich for its gas and oil reserves, accounts for more than 90% of Russia's natural gas output and 12% of oil production.
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 were down 0.3 to 0.4 percent, pointing to a weaker start on Wall Street on Tuesday.
In its quest to ensure enough oil for its vibrant economy, China on Monday signed an MoU with Egypt to build a $2 billion refinery in the Arab nation. According to sources, two Chinese companies, Rongsheng Holding Group and China National Chemical Engineering Co. Ltd., will build the refinery, the largest such plant in the Arab nation.
Is the Chinese economy overheated and the dragon country on the verge of collapse? Noted global investor and economic analyst Marc Faber says the Chinese economy might crash within one year. Faber, the publisher of the Gloom, Boom & Doom report, has predicted that the China is going to collapse in the wake of imminent property bubble and declining commodity and stock market prices.
The dollar rose on Tuesday as U.S. data showed factories running at their fastest pace in nearly six years, but stocks gains were reined in by worries about Greece's bailout and China's policy tightening.
The dollar inched up on Tuesday, boosted by strong U.S. data indicating the world's largest economy was on the mend, but worries about Greece's bailout and China's policy tightening curbed earlier gain in Asian shares.
India's recent decision to raise the duty on iron ore lumps will rein in export of the commodity further. The government last week increased the export duty on iron ore lumps to 15% from 10% to discourage exports and improve raw material availability for local steel mills. India's iron ore lump exports was around 11 million tonnes in 2009-10 and declined by 28% in the past four years from a peak of 15.3 million tonnes in 2006-07.
The Australian Dollar is trading under USD0.9300 following Sunday's proposed tax changes by Australia's Federal Government, and yesterday's decision out of China, when it instructed banks to increase capital ratios in a bid to slow lending.
Ford Motor Co posted a 25 percent increase in its April U.S. sales from a year earlier, propelled by record sales of its Fusion mid-size sedan and robust demand for trucks led by the F-series pickup.
