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Challenges continue for China despite export growth
2014-02-03 15:25:00| Daily apparel & textile news and comment - from just-style.com
Chinese textile and clothing industry exports are expected to grow by at least by 8% year-on-year in 2014 thanks to the recovering US and European Union (EU) markets. But challenges remain for Chinese manufacturers.
Tags: china
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Economic Recovery Likely To Continue
2014-01-28 06:00:00| Happi Breaking News
Chemical Activity Barometer suggests slow, but sustained recovery.
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economic recovery
Auto sales continue to rise
2014-01-28 01:41:26| Auto Dealers - Topix.net
Tamara C. Darvish remembers the lean times during the recession when dealers tried to lure buyers through “cash for clunkers” and other programs.
Tags: auto
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Auto sales continue to rise
2014-01-24 07:35:22| Auto Dealers - Topix.net
Tamara C. Darvish remembers the lean times during the recession when dealers tried to lure buyers through “cash for clunkers” and other programs.
Tags: auto
sales
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rise
Nokia results down sharply in Q4, handset losses continue
2014-01-23 12:02:00| Telecompaper Headlines
(Telecompaper) Nokia reported a double-digit drop in sales and profits from its continuing activities in the fourth quarter, while its handset business to be sold to Microsoft also remained in the red. The continuing operations, which include the network equipment business NSN, navigation service Here and IP licensing through the Advanced Technologies unit, recorded revenues of EUR 3.476 billion, down 21 percent from a year earlier. Adjusted operating profit fell 39 percent to EUR 408 million, and EPS declined 17 percent to EUR 0.05. All three divisions reported lower sales and operating. At the Devices & Services division, reported as discontinued activities, sales fell 29 percent year-on-year and were 5 percent lower than in Q3, at EUR 2.633 billion. The adjusted operating margin worsened to negative 7.3 percent, from 1.3 percent a year ago and 4.7 percent in Q3. Nokia highlighted the sequential improvement in NSN's results and forecast an improvement in group profitability once the Microsoft transaction closes, expected later this quarter. While Q1 is expected to be seasonally weak, NSN targets an improvement in its adjusted operating margin over the full year 2014 to the high end of its long-term forecast of 5-10 percent, compared to a result of 3.7 percent in 2013. This will be helped by a renewed sales drive in the second half of the year. Advanced Technologies should also get a boost from the licensing deal with Microsoft and a new five-year licensing agreement announced with Samsung.
Tags: results
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