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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).
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.