Vij blamed the drop on softening demand for its customers consumer electronics and challenges closing deals in its sales pipeline.
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The unit, at Bath's Royal National Hospital, shut on Sunday following a drop in demand for services.
ArcelorMittal released its second quarter earnings on Wednesday, where it reported an expected drop in revenues and EBITDA as low steel prices and weak demand weighed heavily on the earnings.
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Another violent drop in share prices could have disproportionate effects on confidence and hence demand.
For all but a few agrarian countries heavily dependent on tobacco farming (such as Zimbabwe and Malawi), a drop in demand for tobacco would not lead to massive job losses, according to the bank.
And I think what you'll see come out of this summit will be an agreement on further evaluating what efforts need to be taken to meet the drop in global demand.
But the talks collapsed on Sunday after the rebels had rejected an ultimatum from the government that they drop their demand for independence.
In other words, the Palestinians, who took their cue from Washington by insisting on a settlement freeze in advance of fresh talks, will now have to drop that demand and go back to the table without it.
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Unlike other Estee Lauder product segments, which saw a drop in market share in recent years on account of consumers shifting to lower-priced mass products, demand for skin care products continued to grow.
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The reason for the drop was attributed to uncertainties about the impact of the U.S. sequestration that would have weighed on demand for Canadian exports.
This sunny forecast is largely based on an expected decline in crude oil prices combined with higher gasoline inventory levels and a continuing drop in demand due to increased small-car sales and other factors.
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Some blamed the sharp drop Tuesday on progress made in the U.S. fiscal cliff negotiations, while others said worries about Chinese demand for raw commodities was the culprit.
As well as the drop in government funding, the council said there is a gap in the budget because of an extra demand on services due to the recession.
Ali Rodriguez, the oil cartel's secretary-general, said on Monday there was "almost a conviction" among its members to cut production ahead of a forecast drop in demand in the second quarter of the year.
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