25 March, 2015 by The TZ Newswire Staff Comments Off on Adidas targets faster sales and profit growth from 2016
Adidas targets faster sales and profit growth from 2016
German sportswear company Adidas (ADSGn.DE) hopes to increase sales and profitability at a faster rate in the next five years by focusing its marketing on six global cities, selling more direct to customers and expanding product customization. The world’s second-biggest sportswear firm, which has been falling behind rival Nike (NKE.N), said on Thursday its five-year strategy would focus on “speed, cities and open source”, with investment in Los Angeles, New York, London, Paris, Shanghai and Tokyo.
25 March, 2015 by The TZ Newswire Staff Comments Off on Japan should be flexible in Australian submarine tender: retired Japanese admiral
Japan should be flexible in Australian submarine tender: retired Japanese admiral
At least some of Australia’s new submarine fleet should be built in the country, an influential retired Japanese admiral said on Thursday, signaling a possible softening in Japan’s position on the controversial A$50 billion ($39 billion) project. Speaking on the sidelines of a conference of Australian naval officials, defense contractors and industry groups in Adelaide, retired Vice Admiral Yoji Koda said Japan should work with Australia to develop and maintain a submarine capability.
25 March, 2015 by The TZ Newswire Staff Comments Off on Ford aims to triple exports from India with $1 billion plant
Ford aims to triple exports from India with $1 billion plant
Ford Motor Co (F.N) has invested $1 billion in a new plant in western India which will help the automaker triple exports from the country, chief executive Mark Fields told reporters on Thursday. Ford plans to make India an export hub for compact cars such as the EcoSport, a sub-four meter sports utility vehicle, and the newly launched compact sedan, Ford Figo Aspire, the first car to be produced at the new facility.
25 March, 2015 by The TZ Newswire Staff Comments Off on Modular mojo: Toyota re-engineers its appeal
Modular mojo: Toyota re-engineers its appeal
Toyota Motor is looking to cast off a reputation for making reliable, but often dull, cars in a wide-ranging review of its designs, technologies, factories and supply deals – a full makeover aimed at staying on top in a cut-throat industry. Under its ongoing Toyota New Global Architecture (TNGA) initiative, the automaker will standardize vehicle engineering, such as the optimal ‘hip point’ seating position for different vehicles, from sedans and sports cars to SUVs and trucks.
25 March, 2015 by The TZ Newswire Staff Comments Off on Foreign buying of U.S. bonds more talk than reality
Foreign buying of U.S. bonds more talk than reality
The advantage of higher yields in the United States has not prompted foreign buying as investors had expected, and central banks have instead dumped Treasuries in recent months. Foreign central banks reduced their holdings of U.S. Treasuries last week to $2.900 trillion, the lowest in a year, according to the U.S. Federal Reserve. Thursday will bring new weekly data on this figure, and signals point to flows continuing toward Europe in both equity and fixed-income. The shift in money out of U.S. assets is unexpected, given that the dollar recently hit a 12-year high and U.S.
25 March, 2015 by The TZ Newswire Staff Comments Off on Oil prices surge after Saudi air strikes in Yemen
Oil prices surge after Saudi air strikes in Yemen
Geopolitical tension swells: Crude prices zoomed higher after Saudi Arabia and its Gulf allies launched strikes in Yemen.
25 March, 2015 by The TZ Newswire Staff Comments Off on Drugs companies unite to mine genetic data
Drugs companies unite to mine genetic data
Major pharmaceuticals companies have formed a partnership with Genomics England in the first step towards using genetic data from NHS patients.