Recent Posts

China retail sales growth slows in October

  Beijing / AFP China’s retail sales growth slowed last month, government data showed Monday, in a worrying sign for domestic demand in the world’s second-largest economy. Retail sales in October grew 10 percent from a year earlier, missing expectations for sales to match the previous month’s pace of 10.7 percent, the National Bureau of Statistics (NBS) said. Other data ...

Read More »

Vodacom S Africa growth boosts first-half revenue

  Bloomberg Vodacom Group Ltd., Africa’s biggest wireless operator by market value, reported a 4.1 percent increase in first-half sales as strong growth in its home market of South Africa offset falling customer numbers in some international businesses. Sales rose to 40.2 billion rand ($2.8 billion), while service revenue growth was 5.3 percent, led by the addition of 2.3 million ...

Read More »

American Apparel seeks bankruptcy protection

  Bloomberg American Apparel Inc. filed for bankruptcy less than a year after ending its first stint under court protection, and agreed to sell the brand to Gildan Activewear Inc., a Canadian maker of T-shirts and underwear, for about $66 million. American Apparel filed for protection from creditors Monday, Gildan said in a statement. The Montreal-based company said it’s not ...

Read More »
Send this to a friend