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Subdued exports weigh on India textile sector

2020-04-24 12:48:00| Daily apparel & textile news and comment - from just-style.com

Textile companies across India's value chain could see a top line contraction of 20%-25% in the current financial year on back of muted domestic demand and tumbling exports amid the global coronavirus pandemic, according to a new forecast.

Tags: india sector textile exports

 

North Dakota Regulators Weigh Financial Help for States Oil Producers

2020-04-21 22:30:00| OGI

North Dakotathe second-largest U.S. oil-producing state after Texashas shut in about 300,000 bbl/d of oil production, or more than 20% of the last year's daily total.

Tags: north states financial oil

 
 

Asos posts "record" H1 profits but virus impact starting to weigh on sales

2020-04-08 12:47:00| Daily apparel & textile news and comment - from just-style.com

Asos has posted record first-half revenues and profits, but the impact of coronavirus on the most recent three weeks of trading has prompted the UK online fashion retailer to conduct a share sale to shore up its finances, from which it has raised GBP247m (US$306m).

Tags: on sales posts record

 

Oil Jumps After Three-Day Slump But Virus And Oversupply Still Weigh

2020-03-19 14:15:01| OGI

Oil prices bounced nearly 7% on March 19 after a three-day selloff drove them to their lowest in almost two decades as demand plummeted due to the coronavirus and supplies surged in a fight for market share between Russia and Saudi Arabia.

Tags: still oil virus weigh

 

Low viscose prices weigh on Lenzing nine-month results

2019-11-07 10:29:00| Daily apparel & textile news and comment - from just-style.com

Austrian cellulosic fibre producer Lenzing has reported a decline in both revenue and earnings in the first three-quarters of 2019 as historically low standard viscose prices took a toll.

Tags: results low prices low prices

 

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