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Tag: spending
IEA: Slashed spending by drillers could lead to price spike
2016-02-22 22:40:58| Energy - Topix.net
"' Oil prices will more than double by 2020 as current low prices lead drillers to cut investment in new production and gradually reduce the glut of crude, the head of a group of oil-importing countries said Monday. Oil prices shot to more than $100 a barrel in mid-2014 before a long slide sent them crashing below $30 last month.
Tags: price
lead
spending
spike
Study shows reversal of fortunes as U.S. spending climbs sharply in Canada
2016-02-19 22:50:42| Auto Dealers - Topix.net
Although the weak loonie is expected to curtail even more cross-border visits this year from Canadians, a growing number of Americans are heading the other way to shop for bargains, according to a recent Canadian study. With much of the spotlight on Canadian travel, less is known about U.S. travel into Canada.
Tags: canada
study
shows
spending
Telecom Italia sales down 6.7% in Q4, accelerates spending
2016-02-16 08:34:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a 6.7 percent year-on-year fall in fourth-quarter revenues to EUR 4.84 billion in organic terms, hurt by the effects of the macroeconomic situation in Brazil and wholesale price revision in Italy. Domestic revenues came in at EUR 3.87 billion on an organic basis, down 2.6 percent year-on-year but a 0.7 percent improvement compared to Q3, while sales at its Brazil unit TIM Brasil plummeted 20.2 percent on an organic basis to EUR 940 million, impacted by lower handset sales and what the company described as challenging macro and regulatory environments. Group EBITDA fell 33.2 percent to EUR 1.39 billion, with the EBITDA margin dropping 11.3 percentage points to 28.7 percent at the end of Q4. The group said its net debt would fall to below 3 times EBITDA by the end of 2018. Full-year capex was up 18.5 percent to EUR 5.20 billion compared to EUR 4.98 billion in 2014, reaching 27.2 percent of revenues. Separately, the company also announced an investment of around EUR 12 billion on Italian broadband services as part of its new three-year business plan to 2018, around EUR 2 billion more than the previous plan.
Tags: sales
italia
spending
telecom
Ag budget proposes increased research spending, cuts crop insurance
2016-02-15 07:56:00| National Hog Farmer
By P. Scott Shearer, Bockorny Group, Washington, D.C. Ag Budget proposes increased research spending, USDA presence in Cuba, but cuts Crop Insurance read more
Tags: research
insurance
increased
budget
Cognizant Forecast Misses Estimates as Clients Cut IT Spending
2016-02-08 17:24:03| IT Services - Topix.net
IT services provider Cognizant Technology Solutions Corp forecast current-quarter revenue and profit below analysts' estimates, as clients worldwide cut back on routine IT services spending. Shares of the company, which also reported its first revenue miss in six quarters, fell 4 percent in premarket trading on Monday.
Tags: cut
clients
estimates
spending
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