Advertise with fastmoving.co.za
 
 

ASIAN MARKETS NEWS ON FASTMOVING

Subscribe to asian markets

Carlsberg shares leap as strong Russian sales support earnings

Carlsberg shares leap as strong Russian sales support earnings

21/02/2014 - 08:23
Stockholm - Carlsberg reported earnings that beat analyst estimates as the fourth-biggest brewer gained market share in Russia by selling more premium beer. The stock rose the most in two years.  read more
H&M to open first store in India

H&M to open first store in India

17/02/2014 - 08:55
Stockholm - Swedish clothing retailer Hennes & Mauritz (H&M) said Wednesday it planned to open its first store in India in 2014. read more
Report: Wal-Mart sets up new India company

Report: Wal-Mart sets up new India company

22/01/2014 - 09:09
Bentonville, Ark. – Wal-Mart Stores has reportedly registered a new company called “Wal-Mart India Private Ltd.” in India, setting the stage for entering the Indian grocery market with a new local partner. According to the Free Press Journal, an Indian publication, Wal-Mart registered the company on Jan. 15, 2014 with the Indian Ministry of Corporate Affairs. read more
Namibia eyes Hong Kong meat market

Namibia eyes Hong Kong meat market

06/01/2014 - 11:01
The Meat Board of Namibia will soon release a report on a market exploration visit to Hong Kong concluded towards the end of last year. The visit included the Ministry of Trade and Industry and potential exporters. read more
Revlon drops China business

Revlon drops China business

06/01/2014 - 09:21
New York - US cosmetics company Revlon has announced that it is shutting down its operations in China, which represents about 2% of total sales, which topped $1.4bn worldwide in 2012. read more
Japanese whisky makers drum up support for their drams

Japanese whisky makers drum up support for their drams

06/01/2014 - 09:06
Tokyo - Japan's whisky distilleries are expanding production as their malts become serious contenders against Scottish and Irish brands after years of being overshadowed at home and practically unheard of overseas. read more
‘China Mobile in talks with Apple’

‘China Mobile in talks with Apple’

20/12/2013 - 08:04
Taipei - China Mobile Ltd said it's still in talks with Apple Inc to sell iPhones amid mounting industry speculation that the pair are about to announce a deal to net the technology giant hundreds of millions of potential new customers. read more
Motorola plans comeback through low-cost phones

Motorola plans comeback through low-cost phones

15/11/2013 - 08:16
Motorola is betting that low-cost smartphones can provide the spark to rekindle its struggling business, even as the company’s ownership by Google Inc will force it to sit out of China, the world’s largest smartphone market. read more
Walmart to expand in China with 110 new stores

Walmart to expand in China with 110 new stores

29/10/2013 - 08:31
Bentonville, Ark. – Wal-Mart Stores plans to open as many as 110 stores in China between 2014 and 2016, as well as several new Sam’s Club locations there. The new stores will employ as many as 19,000 people. read more
Asian shares rise after Wall St rally

Asian shares rise after Wall St rally

23/10/2013 - 09:52
Hong Kong - Asian markets mostly rose on Monday, with sentiment buoyed by last week's deal in Washington to avert a default as well as a record close on Wall Street. read more
Prada: China is performing well

Prada: China is performing well

18/09/2013 - 15:33
Milan - Prada is seeing green shoots in Europe and feels confident about China, its biggest market, even though sales slowed in the first half, the luxury Italian fashion house said on Tuesday. read more
Change in maize market competition

Change in maize market competition

12/08/2013 - 09:17
Buenos Aires - China has approved its first major shipment of genetically modified Argentine maize, Buenos Aires officials said last week, signalling an increase in competition for a market long dominated by US exporters. read more
Netherlands' Spar to open 10 stores in Lebanon

Netherlands' Spar to open 10 stores in Lebanon

30/05/2013 - 10:49
(MENAFN) Spar International CEO, Dr Gordon Campbell, announced that the Dutch supermarket chain plans to launch 10 stores in Lebanon during the coming 5 years, with the first to open at the start of 2014, reported Arabian Business. read more
Tesco clothing brand to go global

Tesco clothing brand to go global

20/05/2013 - 09:37
London – Tesco, Britain's biggest retailer, said on Sunday that it planned to open more than 50 new franchise stores, worldwide, for its clothing brand over the next five years. read more
Carlsberg beats profit forecasts

Carlsberg beats profit forecasts

08/05/2013 - 08:04
Copenhagen - Danish brewer Carlsberg's first-quarter operating profit and revenue beat forecasts on Tuesday, as strong beer sales in Asia cushioned sluggish mature European markets and a decline in its former growth driver Russia. read more
Accenture, US: Retailers scale back global expansion

Accenture, US: Retailers scale back global expansion

07/05/2013 - 09:18
New York -- The world’s largest retailers have been scaling back their global expansion activities, particularly in Asia, and turning their attention inward by integrating operations and strengthening their store, Internet and mobile sales channels, according to a new report by Accenture. read more
Richemont ups full-year profit 30%

Richemont ups full-year profit 30%

02/05/2013 - 09:28
Zurich - Luxury goods group Richemont [JSE:CFR] said its annual profit rose nearly a third from the previous year's €1.54bn, helped by favourable currency swings.  read more
Richemont in JV with China jewellery giant

Richemont in JV with China jewellery giant

21/01/2013 - 07:54
Geneva - Swiss luxury goods group Richemont [JSE:CFR] and the world's largest jewellery chain, Chinese Chow Tai Fook, have agreed to create a joint venture, Swiss daily Le Temps reported in its online edition late on Saturday. read more
India investigates Wal-Mart

India investigates Wal-Mart

19/11/2012 - 08:22
Indian authorities are investigating claims that Wal-Mart Stores Inc. violated foreign exchange rules when it invested $100 million in a domestic unit owned by its wholesale joint-venture partner, a law enforcement official said. read more
Co-CEOs to replace Richemont's Rupert

Co-CEOs to replace Richemont's Rupert

12/11/2012 - 08:12
Johannesburg - Richemont [JSE:RCH] on Friday named Cartier chief Bernard Fornas and deputy chief executive Richard Lepeu as joint CEOs to navigate the luxury goods group through a period of slowing sales growth in its important Asian markets. read more
SA farmers court Asian market

SA farmers court Asian market

26/06/2012 - 07:58
Johannesburg - South African maize and citrus farmers are setting their sights on Asia as they grapple with increasing competition in Africa and falling demand in Europe.  read more