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Venezuelan crisis hits home - Praxair reduces earnings forecast

2015-01-20 04:28:14| Chemicals - Topix.net

Out of control inflation and long food lines in Venezuela may seem a long way off from the outskirts of Danbury, but at least one local company is being forced to alter its balance sheet and earnings outlook due to the ongoing crisis in the South American country. Executives with Praxair, a Fortune 250 company based in Danbury, have announced that the company will take a charge of more than $131 million during the fourth quarter and lowered its earnings outlook at a result of adjusting the exchange rate used for bolivars, Venezuelan's currency.

Tags: home hits crisis reduces

 

Shadow chancellor Ed Balls is to join crisis talks over the North Sea oil and gas industry

2015-01-20 02:07:59| Oil & Gas - Topix.net

Shadow Chancellor Ed Balls will take part in talks with representatives of the oil and gas industry today during a day of action to address Scotland's oil "crisis". Labour has accused the governments in London and Edinburgh of "inaction" over the issue and said the pair will discuss what both administrations need to do to help the sector.

Tags: join north industry sea

 
 

Unions to hold oil crisis talks

2015-01-17 07:48:06| Oil & Gas - Topix.net

Unions and employers in the oil and gas industry are to meet to discuss the threat to jobs in the wake of the dramatic fall in oil prices. Unions and employers in the oil and gas industry are to meet to discuss the threat to jobs in the wake of the dramatic fall in oil prices.

Tags: hold oil crisis talks

 

Alpari UK closes over currency crisis

2015-01-16 13:12:53| BBC News | Business | UK Edition

Currency broker and West Ham sponsor Alpari UK files for insolvency following the Swiss National Bank's decision to end the link between the Swiss franc and the euro.

Tags: currency crisis closes

 

Leading cane farmers restate position on sugar crisis

2015-01-16 08:18:57| Sugar Industry News

The reports of the demise of the sugar industry in Belize and especially that of the Belize Sugar Cane Farmers Association (BSCFA) appear to be greatly exaggerated, in the view of at least one senior leader of the Association, although the Association was quick to distance itself today from their comments.

Tags: position leading sugar crisis

 

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