After a robust 28.8392, the maker of white goods under brands such as Electrolux, Frigidaire, AEG and Zanussi is facing headwinds from rising metal prices even as demand for white goods remains at decent levels.
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Last year Haier, which makes white goods, bought General Electric's appliances business.
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Galvanized steel is used in the autos, white goods and construction sectors.
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FRANKFURT (Reuters) - Shareholders of Chinese white goods maker Qingdao Haier Co Ltd (600690.
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Households will probably put off big-ticket purchases such as motorbikes or white goods.
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Zorlu Holding has interests in energy, real estate, electronics, white goods and textile sectors.
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The Italian white goods maker approved the appointment of Massimo Garavaglia as chief executive.
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Consumers know it for white goods and power tools synonymous with "Made in Germany" solidity.
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White goods manufacturer Vestel Beyaz jumped 5.27 percent and electronic goods maker Vestel rose 1.5 percent.
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The white goods maker said on Friday revenues rose 5.3 percent year-on-year in 2018.
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The Nikkei business daily reported Toshiba was looking to merge its white goods segment with Sharp.
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Fnac has already raised its offer for Darty once, aiming to create France's premier white goods retailer.
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Planes are more likely to be owned by a hedge-fund manager than a white-goods salesman.
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In some countries white-goods firms are required to pay for recycling fridges, washing machines and other appliances.
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"White goods are important end markets for cold rolled and galvanized steel (and hence for zinc)," Citi said.
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Shares in white goods maker Arcelik and Vestel were both up more than 3 percent on the plans.
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Last year it bought a Pakistani producer of white goods for $60m, and opened a fridge factory in Thailand.
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Those attending gawped at an interactive bathroom mirror on the stand of Haier, a giant Chinese white-goods maker.
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L), the online electricals and white goods retailer, might increase stock to mitigate supply chain friction while Compass (CPG.
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These include Mr Kipling cakes baker Premier Foods, industrial products group Electrocomponents and online white goods seller AO World.
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China's best are indeed world-beaters (think of Huawei, a telecoms-equipment giant, or Haier, an innovative white-goods goliath).
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Other big electronics retailers say zero-interest financing schemes are helping buoy demand for white goods like TVs and refrigerators.
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Last month Bosch's smart security camera won the German Design Award; its white goods are selling like hot cakes in Asia.
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The commotion drew residents to the airport, where Ogg demonstrated the benefits of his white goods in a slick sales pitch.
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Turkish white goods maker on Friday reported a first quarter profit of 155.7 million lira, versus 141.5 million lira last year.
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"Tax cuts for automotive, white goods and furniture sectors were the key factor bringing down inflation," said Muammer Komurcuoglu of Is Investment.
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Electrolux, a Swedish white-goods giant, announced on January 20003st that it is shutting down an oven-making plant in Memphis, Tennessee.
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The white goods maker showed a Q3 net profit of 89.6 million lira ($29.05 million), up from 34.3 million lira year ago.
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Toshiba said in a statement the company was negotiating with other companies about restructuring its white goods business, but nothing had been decided.
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In its home market demand for televisions was offset by weaker sales of white goods, like fridges and cookers, and of mobile phones.
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L), an online electricals and white goods group, said it might increase stock to mitigate any friction in the supply chain while Compass (CPG.
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The BDDK said late on Wednesday it was increasing maximum instalment to 13 months from 12 for some purchases, including white goods and furniture.
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The stronger market in Turkey is due to a recent government move to reduce a tax on white goods in order to spur demand.
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In the latest sizeable deal Haier, China's biggest maker of large electrical appliances, agreed to buy General Electric's white-goods business for $5.4 billion.
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T) said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd (000333.
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Hakan Bulgurlu, who manages Arcelik, the biggest producer and seller of white goods in Turkey, claims a "strong mood" has returned to his domestic market.
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Now third to home improvement powerhouses Lowe's and Home Depot, Sears' share of the "white goods" market fell to 19.5 percent last year, according TWICE.
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Koc and Sabanci, conglomerates that span banking to white goods to retail, have long been synonymous with corporate Turkey and its secular, Western-facing elite.
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But the sector's multiplier effect on other industries, from building materials to white goods and furniture, means its impact on the economy is far greater.
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Now the same idea, minus the explosives, is beginning to be used inside factories to make products ranging from white goods to aircraft and cars.
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Hot rolled coil (HRC) is a flat steel used to make cars and white goods and typically bought by consumers on annual fixed price contracts.
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The Mano purchasing venture, covering household appliances from white goods to lighter electricals such as televisions and computers, will be up and running by Dec.
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KKR has a long history in the consumer sector and it has investments in India's Coffee Day Resorts and Chinese white goods maker Qingdao Haier.
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The firm has a long history in the consumer sector and it has investments in India's Coffee Day Resorts and Chinese white goods maker Qingdao Haier.
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Prices for the steel used to make white goods have jumped, with U.S. NYMEX hot rolled coil futures HRCc1 up by roughly a third this year.
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The company said it had agreed with Midea to sell a stake of 80.1 percent stake in its white goods unit for about 53.7 billion yen.
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The expected inventory growth highlights the lackluster demand for the metal, used primarily in white goods and for power transmission, and should cap prices through 2017.
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Today Midea is a Fortune 500 company and one of the world's biggest white-goods manufacturers, selling everything from internet-controlled kitchen appliances to smart washing machines.
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Iris Bohnet, an economist at Harvard University, has noted a similar effect caused by awarding hygiene ratings to restaurants and putting energy-efficiency labels on white goods.
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How exactly to help developing countries fund a switch from HFCs remains a sticky issue, particularly as many of them manufacture the domestic white goods which require them.
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It said trading in the first quarter had been helped by demand for electronic products during the soccer World Cup, which offset weaker demand for white goods and computers.
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Some consolidation in the world of subject-specific search and social networks, as a legacy player from the world of white goods makes a play for a wider audience.
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Istanbul stocks meanwhile are at nine-month highs, and shares of export-oriented firms such as white goods maker Arcelik and carmaker Ford Otosan at multi-year or record highs .
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Taiyuan set up a Marriage Consumption Subsidy Fund in 2017 which offers newlyweds rebates on wedding pictures, the banquet, honeymoon travel and even white goods to furnish a new home.
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The American maker of white goods issued a warning in 2015 that certain brands of dryers might catch fire, but rather than issue a recall it tried to fix them.
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Nestled in the south Wales valleys, the town used to draw on nearby coalmines to produce vast quantities of iron and steel, and later became a white goods manufacturing center.
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"In China, cooling measures on the property markets may dampen demand for white goods and construction (which) account for 15 percent and 10 percent of China's total copper demand," it said.
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"London's financial services market supports the real economy across Europe, and not just in the UK. German car manufacturers, Italian manufacturers of consumer white goods use the City of London," Hammond said.
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Home appliances that can be connected to smartphones are one of the emerging technologies and features that are expected to be a growth area for white goods makers in the years ahead.
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Analysts say the plant is a natural fit with the nearby German market, producing high-grade steel needed there by manufacturers of cars and white goods such as washing machines and fridges.
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It also said that it had agreed to sell its white goods business, which had revenue of 225 billion yen in the past financial year, to China's Midea Group Co Ltd (000333.SZ).
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Higher raw material prices, primarily for steel, have taken a toll on white goods makers this year, with Electrolux forecasting a 1.4 billion Swedish crowns ($166 million) hit to 2017 earnings from input costs.
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Huseyin Aydin, head of the Turkish Banks Association, said the rise was thanks to a set of measures taken by the government to boost lending, such as tax reductions for white goods and mortgages.
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In its battle against inflation, Ankara has cut taxes on consumer products such as vehicles, furniture and white goods and encouraged shops to offer at least 10 percent discounts until the end of the year.
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The maker of white goods under brands such as Frigidaire, AEG and Zanussi as well as its own name has been squarely focused on boosting profitability since CEO Jonas Samuelson took charge early last year.
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The company, which sells washing machines, dryers and refrigerators under labels including Beko and Grundig, wants more such "white goods" brands, but could also look at small appliances such as coffee makers and food processors.
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This does in part reflect an improving demand picture in China, AZ China's Adkins for example noting that "several sectors are showing good growth signals, including high voltage cables, automobiles, white goods and consumer durables".
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Though the exact sum needed to sweeten an HFC deal will not be decided until next year, it will need to be considerable, since many developing countries manufacture the white goods that will be affected.
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The company, which is eyeing other growth avenues after a failed attempt to buy General Electric's white goods business, later sold to China's Haier Group, already makes connected air conditioners, cookers, washing machines and driers.
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PRAGUE, Aug 25 (Reuters) - Czech investment groups PPF and Emma Capital are involved in multi-party talks on the future of their Russian electronics and white goods retailer Eldorado, PPF and EMMA Capital said on Thursday.
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ISTANBUL, Feb 3 (Reuters) - Turkey will remove the special consumption tax on white goods for three months, Finance Minister Naci Agbal told the state-run Anadolu agency on Friday, in a bid to support domestic demand.
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What he did is he invented the white sale to bring people back to the stores in January to buy white goods, sheets, towels, stuff like that, so he could keep his people employed year round.
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STOCKHOLM (Reuters) - Deliveries of the six biggest categories of white goods (AHAM 6) in the United States rose 4.8 percent year-on-year in June, data from industry body Association of Home Appliance Manufacturers (AHAM) showed.
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The company's products are the key building blocks to create a variety of olefin derivatives and serve a broad and diverse range of end markets, including packaging, construction, automotive, white goods and durables, agrochemicals and pharmaceuticals.
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STOCKHOLM (Reuters) - A failed attempt to buy General Electric's white goods business pushed Sweden's Electrolux into the red in the fourth quarter of 2015 and left the home appliances maker casting around for an alternative strategy.
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Growing student debt has been linked to everything from decreased rates of first time home ownership, to higher rental prices, to lower purchases of white goods and all the things that people buy to fill homes.
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So although the most obvious beneficiaries of cheap energy such as airlines, car manufacturers and white goods makers have posted 30-40 percent year-on-year increases in profits, their stock price performance has been mixed.
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The updated financial targets, which left unchanged the operating margin goal of at least 6 percent, were released in its annual report and underscored the current primacy of profitability over sales growth for the white goods maker.
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The government said it could temporarily remove a tax on white goods to support domestic demand, boosting shares in manufacturers Arcelik and Vestel by more than 2120.54 percent at one point, the former surging to record highs .
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Retailer Via Varejo said its 1,000-plus stores of white goods chains Casa Bahia and Ponte Frio are closing indefinitely, meaning thousands of brick-and-mortar shops of Brazil's most recognizable chains now have their shutters up.
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However, with tariffs now slated for all Chinese exports to the United States, it's likely that U.S. consumers will start to see prices rise for consumer products such as mobile phones and other electronics, and manufactured white goods.
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STOCKHOLM, Jan 28 (Reuters) - Home appliance maker Electrolux skidded to a slightly smaller than expected quarterly loss as costs for the aborted purchase of General Electric's white goods business weighed but marginally raised its North American market outlook.
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But Toshiba may also turn to the INCJ, which may buy its electrical-appliances operations, then perhaps seek to meld them with Sharp's white-goods businesses and those of Hitachi, another conglomerate that has revived itself through disposals.
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STOCKHOLM (Reuters) - Deliveries of the six biggest categories of white goods (AHAM 6) in the United States fell 3.1 percent year-on-year in April, data from industry body Association of Home Appliance Manufacturers showed late on Monday.
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ROME, Oct 30 (Reuters) - U.S.-listed white goods maker Whirlpool Corp has dropped plans to shut down a production site in the southern Italian city of Naples after two weeks of workers' protests, the company said on Wednesday.
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Embattled conglomerate Toshiba sold its television business to Hisense and its white-goods business to China's Midea Group as it scrambled for funds to cover billions of dollars in liabilities arising from now-bankrupt U.S. nuclear unit Westinghouse.
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Ozon, which sells everything from white goods to children's clothes, wants to increase market share in Russia's crowded e-commerce sector, which analysts expect to grow significantly in the coming years, as large companies, including Yandex and Mail.
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STOCKHOLM (Reuters) - Deliveries of the six biggest categories of white goods (AHAM 6) in the United States dropped 0.5 percent year-on-year in January, data from industry body Association of Home Appliance Manufacturers (AHAM) showed late on Tuesday.
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STOCKHOLM (Reuters) - Deliveries of the six biggest categories of white goods (AHAM 6) in the United States rose 9.7 percent year-on-year in February, data from industry body Association of Home Appliance Manufacturers (AHAM) showed late on Monday.
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White goods maker Qingdao Haier, which posted annual net profit growth of 3.1 percent, said China was in a new normal of consumer growth - but expects sales to eventually accelerate with rising salaries and demand for high-tech homes.
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South African retailer Steinhoff International's unit, Conforama, is considering a possible cash offer for UK-listed white goods chain Darty Plc Schroders Plc, Britain's biggest listed fund manager, is set to announce Chief Executive Michael Dobson will step down.
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STOCKHOLM (Reuters) - Deliveries of the six biggest categories of white goods (AHAM 6) in the United States rose 14.3 percent year-on-year in December, data from industry body Association of Home Appliance Manufacturers (AHAM) showed late on Tuesday.
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STOCKHOLM (Reuters) - Deliveries of the six biggest categories of white goods (AHAM 6) in the United States rose 7.4 percent year-on-year in March, data from industry body Association of Home Appliance Manufacturers (AHAM) showed late on Tuesday.
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STOCKHOLM, April 18 (Reuters) - Deliveries of the six biggest categories of white goods (AHAM 6) in the United States rose 0.6 percent year-on-year in March, data from industry body Association of Home Appliance Manufacturers (AHAM) showed late on Monday.
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STOCKHOLM, Oct 18 (Reuters) - Deliveries of the six biggest categories of white goods (AHAM 6) in the United States rose 6.9 percent year-on-year in September, data from industry body Association of Home Appliance Manufacturers (AHAM) showed late on Monday.
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STOCKHOLM, Nov 16 (Reuters) - Deliveries of the six biggest categories of white goods (AHAM 6) in the United States rose 7.0 percent year-on-year in October, data from industry body Association of Home Appliance Manufacturers (AHAM) showed late on Wednesday.
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Private equity funding could be an option, but financial sources and investors said Toshiba would likely be forced to sell off more assets and stakes, months after having sold its two most easily marketable businesses: white goods and medical devices.
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In corporate news, the Japanese Nikkei newspaper reported that Toshiba is in a late-stage negotiations with Chinese household appliance giant Midea Group to sell the majority of its fully owned white goods business Toshiba Lifestyle Products & Services by this summer.
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STOCKHOLM (Reuters) - Deliveries of the six biggest categories of white goods (AHAM 6) in the United States rose by 11.7 percent year-on-year in February, data from industry body Association of Home Appliance Manufacturers showed, Swedish news agency Direkt reported.
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STOCKHOLM, Sept 20 (Reuters) - Deliveries of the six biggest categories of white goods (AHAM 6) in the United States rose 2.5 percent year-on-year in August, data from industry body Association of Home Appliance Manufacturers (AHAM) showed late on Tuesday.
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NEW YORK, Jan 26 (IFR) - Mexico's white goods manufacturer Mabe is asking holders of its 7.875% 2019s to amend change of control clauses following the announcement of JV partner GE's planned sale of its appliance business to China's Qingdao Haier.
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STOCKHOLM, June 16 (Reuters) - ** Deliveries of the six biggest categories of white goods (AHAM 6) in the United States rose 10.9 percent year-on-year in May, data from industry body Association of Home Appliance Manufacturers showed late on Wednesday.
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The United States set duties of 25 percent on steel in March and while it provided temporary exemptions for most allies, U.S. steel prices have risen this year, becoming a headache for white goods makers for which it is a key raw material.
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The embattled Japanese conglomerate has sold its television business to China's Hisense Group and its white goods business to China's Midea Group as it scrambles for funds to cover billions of dollars in liabilities arising from its now bankrupt U.S. nuclear unit Westinghouse.
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Murata produces capacitors, sensors and other electronic parts used in a range of products including smartphones, white goods, industrial equipment and healthcare products Murata has said it aims to expand its share of the communications market, and further expand into the automotive market.
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STOCKHOLM, April 19 (Reuters) - Deliveries of the six biggest categories of white goods (AHAM 6) in the United States rose 6.7 percent year-on-year in March, data from industry body Association of Home Appliance Manufacturers showed, Swedish news agency Direkt reported.
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The consumer products segment - which includes the automotive, residential and white goods divisions - has been set a target of 6 trillion yen in annual sales, while its business-to-business segment will have an annual sales target of 3 trillion yen, the Nikkei reported.
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STOCKHOLM (Reuters) - Deliveries of the six biggest categories of white goods (AHAM 6) in the United States rose 14.7 percent year-on-year in November, Swedish News Agency Direkt reported on Tuesday referring to data from industry body Association of Home Appliance Manufacturers (AHAM).
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Overall revenue from retail and dining during the period rose 8.5% from a year earlier to 1.52 trillion yuan ($212.6 billion), helped by higher sales of white goods and increased spending on tourism and entertainment, state media reported, citing data from the commerce ministry.
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Even in South Africa there is no set period for the poor in the black majority (90% of the population) to move into the middle class proper, with access to tertiary education, white goods and shelter, and annual household expenditure close to US$36,500.
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Chinese white goods firm Haier Group, which acquired General Electric's home appliances businesses two years ago, has halted plans to sell products made in the United States by the GE Appliances brand in China, Financial Times cited the group's chief executive Zhang Ruimin as saying.
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The lira took a beating on Wednesday after the government unexpectedly announced a plan to cut taxes on several sectors, including cars, white goods and furniture, until the end of the year, hours after the central bank sharply raised inflation forecasts for this year and next.
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The Piombino mills make 800,000 tonnes per year of galvanized steel, used in the autos, white goods and construction sectors Market concentration in the EU galvanized steel is of particular concern to authorities investigating the Ilva deal, sources say, with Marcegaglia a big player alongside ArcelorMittal and Ilva.
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Alistair Ramsay, research manager at Metal Bulletin Research (MBR), said he disagreed with talk of "peak steel demand", and pointed to consistent annual imports into Europe over the past few years of 5 million tonnes of hot rolled coil, the main steel product used by white goods manufacturers.
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Apart from China, Midea also has production facilities in Vietnam, India, Egypt, Belarus, Argentina, Brazil and Chile, along with R&D centres in a number of countries including Japan, Italy and the US. Fitch believes the acquisition of Toshiba's white goods department would improve its overseas market presence and distribution capability.
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Annual core goods inflation is also expected to rise in July due to expiration of government tax cuts on furniture, automobiles and white goods, the central bank said in the minutes of last week's monetary policy committee meeting, when the bank cut its policy rate by 425 basis points to 19.75%.
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Because of the company's extensive range of not only consumer tech products, such as smartphones, tablets, wearables and PCs, but also TVs and other consumer electronics, along with white goods like connected appliances, Samsung is uniquely positioned to deliver the most comprehensive connected hardware (and connected home) story of almost any company in the world.
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Haier, which made an abortive attempt in 2008 to buy the business, has a negligible presence in the U.S. white goods market, dominated by Whirlpool Corp, Sweden's Electrolux AB and GE. The news comes weeks after GE walked away from a deal to sell the business to Electrolux for $3.3 billion, following months of opposition from U.S. antitrust regulators.
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A Reuters survey of six consultancies and brokerages last week, before the Hongqiao news, showed that up to 1 million tonnes of the light metal, used in making cars and white goods, could be cut during the 4-month heating season in northern China, which begins in mid-November, in the country's first winter restrictions on aluminum.
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Although it's not — in typical Amazon fashion — breaking out any hard metrics for the buttons, which cost £4.99 a piece (though users then get a £4.99 discount on their first Dash push order — so sticking these things all over your white goods comes with essentially zero additional cost, assuming you're already locked into Amazon's Prime membership program).
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