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South African companies can’t seem to crack Nigerias tough Consumer market

September 28, 2015

Thriving in Nigeria, Africa’s largest economy, is tough. On Friday (Sept. 25), Tiger Brands—South Africa’s largest food company—announced that its CEO, Peter Matlare, would step down at the end of this year. Matlare had led the company’s unfruitful acquisition of a 63% stake in Dangote Flour Mills, a Nigerian company that produces flour, noodles and pasta, and is partly owned by Africa’s richest man, Aliko Dangote.

Consumer goods under one roof

September 28, 2015

espite the presence of uzhavar santhais, super markets and departmental stores, the bi-weekly santhai at Koranguchavadi in the heart of Salem city continues to enjoy good patronage from the consumers.

Japan Consumer prices fall for first time since launch of BOJ stimulus

September 25, 2015

Japan's core consumer prices marked the first annual drop since the central bank deployed its massive stimulus program more than two years ago, casting further doubt on whether heavy money printing alone can accelerate inflation to its 2 percent target.

German Consumer morale declines again going into October

September 25, 2015

Morale among German consumers declined for the second consecutive month heading into October amid global economic risks and uncertainty about the handling of a growing number of refugees, market research group GfK said on Thursday.

India Consumer confidence slips in September: ANZ-Roy Morgan

September 24, 2015

Consumer confidence in India waned in September on reduced optimism about personal finances, according to the ANZ-Roy Morgan India Consumer Confidence index. This is the second month in a row the index has fallen.

INSIGHT-China Consumers tighten belts, a red flag for the global economy

September 24, 2015

Terry Xu considers himself one of the lucky ones. The 32-year-old father-of-one invested 10 percent of his savings earlier this year in Chinese stocks. Now, with markets down around 40 percent since mid-June, he's selling off his portfolio at a loss.

Now, Top Ramen wants to rebuild Consumer trust; invites trade enquiries

September 23, 2015

After being caught in a controversy over lead levels in some noodles brands, the instant noodles category seems to be inching back to normalcy with the makers going all out to regain consumer trust.

Regulator rejects Consumer agency bid for restitution in TransAlta price-fixing case

September 23, 2015

Alberta’s electricity regulator has rejected a consumer agency’s bid to have TransAlta pay restitution to consumers for power prices they paid as a result of market manipulation.

How Airlines Can Capture the Non-Brand-Loyal Consumer

September 22, 2015

Online, airline customers can be categorized in three key ways. One category includes the customer already loyal to an airline brand. Another type is the consumer who is loyal to an OTA or a metasearch brand. And then there are consumers who are not loyal to any one specific brand in any of these verticals. Thesenon-brand-loyal customers represent at least 75% of searchers and they represent a segment airlines can mine for new acquisitions, groom for loyalty, and leverage for conversions over time.

Consumer commission upholds district forums order

September 21, 2015

The State Consumer Disputes Redressal Commission, UT, has upheld the decision of the District Consumer Disputes Redressal Forum that directed Shoppers Stop to pay a compensation of INR 10,000 on account of deficiency in service and causing mental and physical harassment to the complainants and INR 7,000 towards litigation cost.

Consumer commission upholds district forum’s order

September 21, 2015

The State Consumer Disputes Redressal Commission, UT, has upheld the decision of the District Consumer Disputes Redressal Forum that directed Shoppers Stop to pay a compensation of INR 10,000 on account of deficiency in service and causing mental and physical harassment to the complainants and INR 7,000 towards litigation cost.

Flouting Consumer court order can land you in jail

September 21, 2015

After a consumer court gives its verdict on a complaint, it is necessary to ensure its compliance by the parties involved. The Consumer Protection Act provides for civil as well as criminal remedies against a person who fails to obey a court order. The civil remedy available under section 25 of the Act provides for recovery of a decretal amount. The procedure is that the consumer forum issues a recovery certificate, which is sent to the district collector concerned for execution to recover the money due as arrears of land revenue. The criminal provisions under section 27 provide for penalising the party guilty of disobeying the order, in monetary and non-monetary terms.

Consumer forum fines realtor for delaying project

September 21, 2015

A consumer can not be made to wait indefinitely at the whims and fancies of a realtor especially when the company had made false representation regarding completion of a project, said the state consumer disputes redressal commission, asking a city based construction company to refund INR 44.06 lakh to a customer along with a fine of INR 2 lakh for not handing over a flat within the stipulated time. 

Consumer Protection Fair coming to West Palm Beach Tuesday

September 18, 2015

If you want to know more about how to protect yourself from fraud and scams, then an upcoming consumer event is the place to go.

Consumer NZ calls for incandescent bulbs to go

September 18, 2015

Consumer NZ is calling for the Government to phase out incandescent light bulbs, saying there is no reason Kiwis should still be using them. 

Cigna CEO defends Anthem deal, says Consumer will still have choice

September 17, 2015

Health insurer Anthem's planned $47 billion takeover of rival Cigna will not hurt consumers but increase choice and affordability, Cigna CEO David Cordani said, defending the merger against widespread criticism that it will harm competition.

U.S. Consumer Prices Fall 0.1%, Muddling Fed Decision

September 17, 2015

A key measure of inflation dropped last month for the first time since January due to sliding gasoline costs, highlighting the conundrum facing the Federal Reserve as it heads into a pivotal policy meeting Wednesday.

Alberta Consumer debt down slightly, but still remains highest in Canada

September 16, 2015

Consumer debt levels in Alberta remain the highest in the country, though the average debt has dipped slightly, according to Equifax Canada.

U.S. Retail Sales Rise 0.2%, as Consumers Show More Confidence

September 16, 2015

American consumers are propping up the U.S. economy, buffering it from a global slowdown and limiting repercussions from a struggling manufacturing sector.

Consumers inflation expectations are falling, and that could be a big deal

September 15, 2015

This week, the Federal Reserve will decide whether or not to raise interest rates for the first time since the target fed funds rate went to zero in December 2008. One of the biggest factors in whether or not to hike interest rates is expectations for future inflation: If people are confident that inflation will finally break out of the low rates we've seen since the financial crisis, the Fed might act sooner rather than later.


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