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Alex Gunz, fund manager at Heptagon Capital, remains very positive on equities and picks his favourite stocks which include Electrolux and Duerr.
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Alex Gunz, fund manager at Heptagon Capital, remains very positive on equities and picks his favourite stocks which include Electrolux and Duerr.
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WELLINGTON, April 26- China has become New Zealand's biggest export market in the first quarter, adding lustre to their economic links since they inked a free trade deal five years ago and providing a vital source of growth for the South Pacific nation.
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Sales were essentially flat in North America, its largest market, and fell in Asia and Europe, Middle East and Africa. It expects 2013 industry unit shipments to stay flat in Europe, Middle East and Africa. In the United States, shipments are expected to rise 2 percent to 3 percent, and in Latin America and Asia, gain 3 percent to 5 percent.
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April 24- Whirlpool Corp, the world's largest appliance maker, on Wednesday reported a higher-than-expected quarterly profit, helped by cost cuts and price increases.
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April 24- Whirlpool Corp, the world's largest appliance maker, reported a higher-than-expected quarterly profit, helped by cost cuts and price increases. The maker of Maytag and KitchenAid appliances said on Wednesday that first-quarter net earnings rose to $252 million, or $3.12 a share, from $92 million, or $1.17 a share, a year earlier.
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Marriage confers the benefits of division of labor and economies of scale on everything from washing machines to health insurance. But it's not just about living under the same roof.
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Swedish home appliances maker Electrolux said booming emerging markets and an improvement in North America would help offset poor sales and price pressure in Europe in 2013.
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STOCKHOLM, Feb 1- Swedish home appliances maker Electrolux said booming emerging markets and an improvement in North America would help offset poor sales and price pressure in Europe in 2013 after posting a smaller-than-expected rise in fourth-quarter earnings.
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Jeff Fettig, Whirlpool Corporation chairman & CEO, discusses his company's better-than-expected fourth quarter, as shares of the stock are up more that 100 percent over the last year.
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*Sees 2013 profit of $9.25- $9.75/ share vs $9.17 estimate. Jan 31- Whirlpool Corp reported a higher-than-expected quarterly profit and gave a strong outlook for 2013 on Thursday as price increases and cost cuts helped the world's largest appliance maker counter lackluster demand in Europe and North America.
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*Quarterly profit of $2.29 per share before items vs estimate $2.23. *Sees 2013 profit of $9.25- $9.75/ share vs $9.17 estimate.
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Jan 31- Whirlpool Corp reported a higher-than-expected quarterly profit on Thursday as price increases and cost cuts helped the world's largest appliance maker counter lackluster demand in Europe and North America. Whirlpool said fourth-quarter net earnings had fallen to $122 million, or $1.52 a share, from $205 million, or $2.62 a share, a year earlier.
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Jan 31- Whirlpool Corp reported a higher-than-expected quarterly profit as price increases and cost cuts helped the world's largest appliance maker counter lackluster demand in Europe and North America.
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AMSTERDAM, Jan 29- Philips Electronics agreed to sell its audio and video business to Japan's Funai Electric Co for 150 million euros, quitting a traditional sector to focus on its more profitable home appliances and healthcare operations.
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GOME Electrical Appliances, backed by private equity firm Bain Capital, expects it made a loss last year because of a slowdown in China's economy and an unprofitable e-commerce business, the company said on Monday.
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WASHINGTON, Jan 23- A U.S. trade panel on Wednesday gave final approval to anti-dumping duties on hundreds of millions of dollars of residential washing machines from Mexico and South Korea in a case brought by American manufacturer Whirlpool.
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*China data slightly tops consensus, beta plays lead gains. HONG KONG, Jan 18- Hong Kong shares hit a 19-1/ 2- month high on Friday, while China posted a first gain in three days after better-than-expected data showed the world's second-largest economy snapped seven-straight quarters of declining economic growth.
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HONG KONG, Jan 18- Hong Kong shares climbed to a new 19-1/ 2- month high on Friday, while the onshore Chinese market is set for its first gain in three days after data showed China snapped seven-straight quarters of declining economic growth. The China Enterprises index of the top Chinese listings in Hong Kong spiked 1.6 percent.
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NEW YORK, Jan 15- Wal-Mart Stores Inc will buy an additional $50 billion in U.S.-made goods over the next decade in areas like sporting goods and high-end appliances in what the world's largest retailer called a bid to help boost the U.S. economy.
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*Critics say Wal-Mart underpays its workers. NEW YORK, Jan 15- Wal-Mart Stores Inc will buy an additional $50 billion in U.S.-made products over the next decade in areas like sporting goods and high-end appliances in what the world's largest retailer called a bid to help boost the U.S. economy.