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Tag: dollar
Australian dollar dips in anticipation of RBA rate call
2015-03-02 10:53:18| Automakers - Topix.net
The Australian dollar was trading in a holding pattern on Monday afternoon ahead of Tuesday's interest rate decision by the Reserve Bank of Australia, with odds jumping in favour of a cut. Better-than-expected Chinese manufacturing PMI data pushed the Australian dollar up to US78.3 at the start of trade, but that soon dropped.
Tags: call
rate
dollar
australian
US wine exports slip as strong dollar, shipping issues bite - figures
2015-02-27 16:23:00| Daily beverage news and comment - from just-drinks.com
Export volumes of US wine rose slightly last year, but sales by value fell 6.5% as the strong dollar took its toll, according to latest figures.
Tags: shipping
issues
strong
figures
As Global Markets Increasingly Turn to High Performance Polymers, Victrex Launches a Multi-Million Dollar Investment in Technology Innovation
2015-02-26 11:31:40| Industrial Newsroom - All News for Today
THORNTON-CLEVELEYS, UK Victrex plc, a UK-based global world leader in high performance polyaryletherketone (PAEK) polymers is planning to increase its global technology leadership with the construction of a major Polymer Innovation Center in northern England. Financial assistance for the project has come in the...
Tags: high
technology
performance
global
Vimpelcom revenues fall 21% in Q4 on stronger dollar
2015-02-25 08:49:00| Telecompaper Headlines
(Telecompaper) Mobile operator Vimpelcom reported fourth-quarter revenues down 21 percent year-on-year to USD 4.39 billion, hurt by the weaker ruble in its home market Russia and other negative forex effects. EBITDA was still up 58 percent USD 1.60 billion, due to a one-time charge in the year-earlier quarter for a fine in Algeria. The company's net loss narrowed to USD 935 million from USD 3.86 billion, after fewer impairment charges. Vimpelcom wrote down the value of operations in Ukraine, Laos and Pakistan for USD 1.1 billion, mainly due to weak macroeconomic conditions. Excluding exchange rate effects, Vimpelcom reported revenues down 3 percent, service revenue down 2 percent, and EBITDA falling 8 percent. Over the full year, the company met its outlook for a single-digit decline in sales and EBITDA. Operating cash flow was down 5 percent to USD 4.063 billion in the 12 months, and capex reduced 2 percent to USD 3.91 billion. Net debt was still slightly higher than targeted, at 2.5 times EBITDA. Vimpelcom said it expects the economic conditions to remain difficult in 2015. The operator forecast a further fall in revenue, with a low single-digit organic drop in service revenues. The EBITDA margin is expected stable to down around 1 percent point from 40.6 percent in 2014. Capex is forecast at around 20 percent of revenues again, and Vimpelcom raised is leverage target to 3.2 times EBITDA, or 1.7 excluding its Italian operations, due to the currency fluctuations.
Tags: fall
dollar
stronger
revenues
HP's forecast hurt by strong dollar
2015-02-25 02:58:49| BBC News | Business | UK Edition
Hewlett Packard, the world's second biggest computer maker, has forecast worse-than-expected full-year earnings.
Tags: strong
dollar
hurt
forecast
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