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Most vulnerable EU industries need 100 pct free carbon-France

2016-02-16 11:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Energy intensive industries most likely to leave the European Union because of costs should get all of their EU Emissions Trading System permits free until other major blocs have a carbon price in place, France's economy minister said on Monday. The European Commission is revising its rules for handing out free permits to cushion energy intensive industries, such as the steel sector and oil refiners, from the expense of offsetting emissions on the ETS. French Economy Minister Emmanuel Macron...

Tags: free industries vulnerable pct

 

Mauritius sugar producer Alteo's pre-tax profit down 63 pct in Q2

2016-02-12 07:29:22| Sugar Industry News

Feb 11 Mauritius sugar producer Alteo's pre-tax profit fell 63 percent to 243 million Mauritius rupees ($6.87 million) in the three months to Dec. 31, the company said on Thursday, blaming lower energy tariffs and a temporary mill closure in Kenya.

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Gap reports 7 pct drop for a key sales figure for 4Q

2016-02-09 00:24:19| Apparel - Topix.net

New York a Gap Inc. is reporting slumping sales at all three brands for the crucial fourth quarter, which covers the holiday season. The company, which operates Gap, Old Navy and Banana Republic stores, said Monday that a key revenue measure fell 7 percent in the November-January period.

Tags: for key sales reports

 

Us Stocks-Wall St down over 2 pct as tech rout deepens, oil drops

2016-02-08 21:02:19| Paper - Topix.net

Feb 8 Wall Street was deep in the red on Monday, as technology stocks extended a selloff from Friday and U.S. crude oil slipped below $30 per barrel, sending investors scurrying for cover to safe-haven assets. The technology-heavy Nasdaq Composite fell 2 percent to its lowest since October 2014, weighed down by Microsoft and Facebook, while the Dow Jones industrial average shed more than 300 points.

Tags: tech oil drops pct

 

Amgen trounces Street views with 39 pct. jump in 4Q profit

2016-01-29 02:48:53| Biotech - Topix.net

This Nov. 9, 2014, file photo, shows signage outside the Amgen headquarters in Thousand Oaks, Calif. Amgen Inc. reports financial results on Thursday, Jan. 28, 2016.

Tags: street jump views profit

 

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