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SABMiller to close South Sudan operation amid ForEx woes
2016-01-15 12:16:00| Daily beverage news and comment - from just-drinks.com
SABMiller is to close its South Sudan business as a shortage of access to foreign exchange continues to hamper the acquisition of raw materials in the country.
Tags: close
south
operation
sudan
Qatar Air threatens to split Oneworld amid row with American Airlines
2016-01-13 20:27:17| Airlines - Topix.net
American Air, Delta Air Lines and United Continental Holdings all say Qatar, Etihad Airways and Emirates of Dubai have benefited from $US42 billion in illegal aid. Qatar Airways said it may seek to form a breakaway group within the Oneworld alliance should fellow member American Airlines Group continue to lend its weight to a US push to curb the growth of Gulf rivals.
Apple cuts iPhone production amid fears of slowing demand
2016-01-10 16:52:42| Semiconductors - Topix.net
A report from Nikkei on Tuesday said that Apple is expected to cut iPhone 6S and 6S Plus production by 30% in the first quarter of 2016, with the publication citing excess inventories of the models. It remains to be seen though how much of a decline Apple witnesses in iPhone sales this year, and whether that's due to its competitors gaining its customers to simply saturated demand in the high-end segment of the market, analysts appear to think it's the latter.
Tags: production
demand
apple
cuts
UPDATE 2-Cargill 2nd-qtr profit drops 13 pct amid commodities slump
2016-01-08 10:03:39| Food - Topix.net
Global commodities trader Cargill Inc on Thursday reported a 13 percent drop in quarterly earnings before special items, citing lower commodities prices and weaker demand in some markets. A milder-than-normal start to the winter in North America curbed earnings from products such as road salt and pressured prices of natural gas and power, which hurt the privately held company's energy trading results.
Tags: update
profit
drops
commodities
Pittsburgh-area coke plant stops production amid shutdown
2016-01-07 14:35:34| Energy - Topix.net
Detroit-based DTE Energy said last month that it's closing the Shenango Inc. plant due to declining demand in the North American steel industry.
Tags: production
plant
stops
amid
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