Biden to press for funds to boost chip manufacturing amid shortfall

2/2 © Reuters. FILE PHOTO: U.S. President-elect Joe Biden delivers remarks on the U.S. response to the coronavirus disease (COVID-19) outbreak, at his transition headquarters in Wilmington 2/2 By Trevor Hunnicutt and Nandita Bose WASHINGTON (Reuters) – President Joe Biden said on Wednesday he would seek funding for legislation to supercharge chip manufacturing in the […]

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Ford to close Brazil manufacturing operations, take $4.1 billion in charges

2/2 © Reuters. FILE PHOTO: Ford Motor Co’s logo pictured in 2019 2/2 By Ben Klayman and Alberto Alerigi DETROIT/SAO PAULO (Reuters) – Ford Motor (NYSE:) Co said on Monday it will close its three plants in Brazil this year and take pretax charges of about $ 4.1 billion as the COVID-19 pandemic amplified the […]

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UK manufacturing industry slashes its growth outlook nearly in half on Brexit ‘Knockout blow’

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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Analysis: U.S. manufacturing is booming – but not for these guys

5/5 © Reuters. A speed limit sign is seen beside a city sign for Economy, Indiana 2/5 By Timothy Aeppel (Reuters) – Jim Kirsh initially thought his family-owned foundry in southeastern Wisconsin might stay busy during the pandemic. Kirsh Foundry Inc, a cluster of buildings nestled in Beaver Dam, a city of 16,000 about an […]

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China official PMIs for October: Manufacturing 51.4 (vs expected 51.3) Services 56.2 (expected 56.0)

The manufacturing PMI fell from September but not by as much as expected (central median estimate). Manufacturing 51.4Non-manufacturing 56.2Composite 55.3 prior 55.1 Official Purchasing Manager’s Index (PMI) from China’s National Bureau of Statistics. All remain above 50 and in expansion.   China’s economy is still struggling out of the pandemic response earlier in the year, but […]

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Oil up Nearly 2% on U.S. Manufacturing Hopes, But Demand Outlook Still Grey

© Reuters. By Barani Krishnan Investing.com – Oil markets began August trading on an ebullient note, rising 2% on encouraging U.S. manufacturing data and bets by market bulls that demand for crude will survive a rollback in output cuts by OPEC. “Crude prices are rising after a plethora of manufacturing surveys showed the economic recovery […]

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Asia shares set to gain after manufacturing data, tech stocks boost

© Reuters. By Chris Prentice WASHINGTON (Reuters) – Asian shares were on track to open higher on Tuesday, after strong manufacturing data and gains in tech stocks boosted global equities and the U.S. dollar overnight. Hong Kong futures () were up 0.65% and Nikkei futures () were above the Nikkei 225 index’s () previous close, […]

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Chinese Manufacturing Rises While Second Wave Fears Develop

Positive Data But Risks Remain The latest economic data out of China showed that the factory sector in the world’s second largest economy expanded again in June. Printing 50.9 on the month, the rise in manufacturing activity was above the expected 50.4 reading the market was looking for and marks an uptick from the prior […]

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Japan – Jibun Bank/Markit Manufacturing PMI (final) for May: 38.4 (prior 41.9)

The preliminary Jibun Bank/Markit Manufacturing PMI for Mayis here: link  Final result now. Souht Korean Man, PMI hit its lowest since January of 2009 at 41.3 Japan – lowest PMI since Marth 2009  more to come    See here for global coronavirus case data Let’s block ads! (Why?) Forexlive RSS Breaking news feed

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