Chinese manufacturing was at its weakest in more than three years in November despite stimulus measures to bolster the world’s No. 2 economy while service industries improved, according to an official survey released Tuesday. The manufacturing index based on a survey of factory purchasing managers slipped for the fourth straight month, falling to 49.6 in…
Vietnam Seems Big Winner in U.S.-Anchored Pacific Trade Deal
An ambitious Pacific Rim trade deal anchored by the U.S. promises to boost the economies of its 12 participating countries by opening their markets to one another, but not all the gains will be spread evenly. Among the biggest winners of the Trans-Pacific Partnership is Vietnam, where booming garment and shoe industries are poised to benefit…
China Manufacturing Slumps to 15-Month Low
China’s manufacturing slumped to a 15-month low in July in a fresh sign of deterioration in the world’s second biggest economy, a survey showed Friday. The manufacturing index based on a survey of factory purchasing managers fell to 48.2 this month from 49.4 in June. It uses a 100-point scale on which numbers above 50…
From German Wineries to Chinese Factories, U.S. Dollar Echoing
For Americans, there are cheaper vacations in Europe and lower-priced imports. A Chinese factory is selling fewer goods in Europe. A U.S. toymaker’s exports are being squeezed. A German winery says overseas demand is up. In the months since the U.S. dollar began rising in value against other currencies, the consequences have reverberated, for better…
China’s Ninebot Buys Struggling U.S. Segway
Segway, the iconic but struggling U.S. maker of self-balancing personal electric scooters, has been bought by a Chinese rival. Beijing-based Ninebot Inc., which makes a range of short-distance motorized transport devices, said Wednesday that it bought Segway Inc. for an undisclosed amount. It said it received $80 million from a group of investors to finance…
China’s Manufacturing at Lowest in Nearly a Year
China’s manufacturing fell to the lowest level in nearly a year as new orders shrank, according to a report Tuesday that underscored the weakening outlook for the world’s second biggest economy. Read: Russia to Resume Space Tourism in 2018 HSBC’s preliminary manufacturing index based on a survey of factory purchasing managers dropped to an 11-month…
Europe’s ATR in Focus Again After 2nd Taiwan Air Disaster
European aircraft maker ATR is in the spotlight again after the dramatic crash Wednesday of a TransAsia Airways turboprop into a river in Taiwan. It’s the second time in seven months that a TransAsia ATR has been involved in a fatal accident. Read: Photos of the Day: Plane Clips Bridge, Crashes into River THE COMPANY: Regional…