Soaring cotton prices are likely to crimp India's apparel exports by at least 15 percent in volume terms this year, as they shrivel demand from developed economies that are still limping into recovery, an industry body said.
Consumer confidence fell sharply in January to near its weakest level since early 2009, after a rise in sales tax dented shoppers' willingness to spend, a survey by building society Nationwide showed on Wednesday.
U.S. cotton futures slid their 7-cent limit Friday as a week of panic short-covering, which drove the March, May and July contracts limit-up in successive sessions, seemed to be exhausted, brokers said.
After 2 years in decline, Lectra reported a 20% growth in sales for the fiscal year of 2010, with a total turnover of 190.3 million euros. The technology solutions provider is aiming to go back to its sales figures from before the crisis.
Leading British companies could be given two years to increase the number of female directors or face quotas as part of a government review looking to increase the number of women sitting on company boards.
Apparel maker Perry Ellis International Inc raised its adjusted full-year earnings outlook and forecast a fourth-quarter profit largely above analysts' estimates, as its products continued to resonate well with customers.
U.S. cotton futures rallied Friday to a 150-year peak on trade and speculative buying as very tight supplies were expected to push the market to the unheard of level of $2 a lb by next week, analysts said.