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Wal-Mart to add supply chain capabilities as forecast cut
2015-10-16 14:55:00| Daily apparel & textile news and comment - from just-style.com
Wal-Mart has said it will add capabilities to its supply chain in a bid to be more efficient as the US retail giant cut its profit forecast for the next fiscal.
Exclusive: Canada railroads cut crude freight rates to lure shipments
2015-10-15 23:48:45| Railroads - Topix.net
Canadian rail companies are slashing rates for shipping crude in their first serious effort to revive an industry rocked by the rout in global oil prices, according to shippers and terminal operators who are seeing discounts of as much as 25 percent. CALGARY, Alberta/NEW YORK: Canadian rail companies are slashing rates for shipping crude in their first serious effort to revive an industry rocked by the rout in global oil prices, according to shippers and terminal operators who are seeing discounts of as much as 25 percent.
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MTS to cut capex in 2016-17
2015-10-15 17:19:00| Telecompaper Headlines
(Telecompaper) Russian mobile operator MTS plans to reduce capital expenditure by around RUB 5 billion annually during the next two years, CEO Andrey Dobovskov told Vedomosti. Capital expenditure will amount to approximately RUB 85 billion in 2016 and around RUB 80 billion in 2017. Capital expenditure can be reduced as the operator completes the deployment of the GPON network in Moscow by its fixed subsidiary MGTS. The roll-out should finish this year. MTS said it doesn't plan to expand its GSM network and will also slow down the LTE network expansion. Capital expenditure had been high more recently due to the need to comply with licensing requirements. In August MTS increased its guidance for capital expenditure this year to RUB 92 billion from an earlier estimate of RUB 85 billion. This is due to expected higher spending on the 3G roll-out in Ukraine.
Eli Lilly and Cut to "Hold" at Zacks
2015-10-15 09:47:13| Food - Topix.net
According to Zacks, "It was a "beat and raise" quarter for Lilly with second-quarter earnings coming in well above expectations. Some of the company's key products and the animal health business should keep performing well.
Aust bonds surge on RBA rate cut talk
2015-10-14 09:09:35| Automakers - Topix.net
Commonwealth Bank of Australia fixed income quantitative strategist Philip Brown said a local bond tender was also very well received, which has driven a bid across the back end of the curve with 10- and 20-year bonds. "Normally that would cause a flattening of the curve, but today the front end managed to keep pace because was repriced," he said.
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