Three years on, UK factories still face Brexit challenges – survey
By Suban Abdulla LONDON (Reuters) – Nine in 10 British manufacturers still face problems doing business with the European Union and difficulties in hiring skilled workers due to Brexit, according to a…
South Korea factories regain some footing as export orders turn around – PMI
By Jihoon Lee SEOUL (Reuters) – A protracted slump in South Korea’s factory activity eased in July as export orders rose for the first time in nearly 1-1/2 years, a private business…
Europe’s factories are slowing but no one has told cyclical stock investors
By Lucy Raitano LONDON (Reuters) – Euro zone manufacturing activity is deteriorating fast, as evidenced by Monday’s Purchasing Managers surveys, and yet European cyclical stocks are on a tear versus their defensive…
Marketmind: Markets brush off OPEC as factories stall
A look at the day ahead in U.S. and global markets from Mike Dolan Relatively calm world markets have brushed off OPEC’s latest twist and focussed more squarely on stalled global manufacturing…
Mexican factories expand for second straight month, inflation pressures subside
MEXICO CITY (Reuters) – Mexico’s manufacturing sector grew for a second straight month in March as firms hired workers, supply-chain pressures eased, and input cost inflation slowed to a 1-1/2-year-low, a survey…
Biden EPA Cracks Down On Midwestern Factories, Power Plants
Biden EPA Cracks Down On Midwestern Factories, Power Plants John Hugh DeMastri on March 15, 2023 The Biden administration on Wednesday introduced stringent rules to limit emissions by power plants and factories…
Biden Admin Opens Probe Into Illegal Immigrant Children Working In American Cereal Factories
Biden Admin Opens Probe Into Illegal Immigrant Children Working In American Cereal Factories Jennie Taer on February 27, 2023 The Biden administration’s Department of Labor (DOL) has opened an investigation into American…
Euro zone factories are likely over the worst – PMI
LONDON (Reuters) – The downturn in euro zone manufacturing activity eased again last month suggesting the worst may be over, according to a survey which showed price pressures slackened and the fall…
COVID-hit Chinese factories eye gradual recovery after Lunar New Year break
By David Kirton SHENZHEN, China (Reuters) – Christian Gassner, whose furniture components factory in the southern Chinese city of Shenzhen had a dismal end of 2022 amid COVID-19 outbreaks, is finally seeing…
North Korea calls for normalising factories, economy after COVID ‘upheaval’
By Hyonhee Shin SEOUL (Reuters) – North Korea’s parliament has outlined plans to normalise industrial production and meet its economic goals this year, despite the “worst-ever upheaval” amid the coronavirus pandemic in…
Exclusive-Apple supplier BOE plans new factories in Vietnam -sources
By Francesco Guarascio HANOI (Reuters) – Chinese display maker BOE Technology Group Co Ltd, a supplier of both Apple Inc and Samsung Electronics Co Ltd, plans to invest a substantial sum to…
Tesla’s China Head Now Oversees Its US Factories, Becomes Musk’s Number Two: REPORT
Tesla’s China Head Now Oversees Its US Factories, Becomes Musk’s Number Two: REPORT John Hugh DeMastri on January 3, 2023 Tom Zhu, Tesla’s executive responsible for overseeing the company’s China business, has…
Darkest days likely over for euro zone factories, Dec PMIs show
LONDON (Reuters) – The downturn in euro zone manufacturing activity has likely passed its trough as supply chains begin to recover and inflationary pressures ease, a survey showed on Monday, leading to…
India’s factories ended 2022 on a strong note
By Vivek Mishra BENGALURU (Reuters) – India’s manufacturing industry ended 2022 on a solid footing as business conditions improved at the fastest rate in over two years while growth in new orders…
Mexico’s factories grow again amid sales improvement, job creation
MEXICO CITY (Reuters) – Mexico’s manufacturing sector expanded for a third straight month in November, picking up its pace of growth slightly, as tentative signs pointed to a recovery in demand conditions,…
China’s Nio resumes production at its two Hefei factories
BEIJING (Reuters) -Chinese electric vehicle maker Nio said on Thursday it has resumed production at its two factories in the eastern city of Hefei, after COVID-19 curbs disrupted operations and delayed deliveries.…
Mexico’s factories grow for 2nd month in a row; inflation bites again
MEXICO CITY (Reuters) – Mexico’s manufacturing sector grew, albeit slightly, for the second straight month in October, though challenges persisted, as stubbornly high inflation was one of several factors weighing on demand,…
Mexico factories back in growth territory as challenges abound
MEXICO CITY (Reuters) – Mexico’s manufacturing sector inched back into expansion territory in September, following two months of contraction, as goods producers faced a challenging month due to ongoing declines in sales…
Mexico factories contract again in August, bracing for difficulties ahead
MEXICO CITY (Reuters) – Mexico’s manufacturing sector contracted for a second consecutive month in August as weaker demand conditions, inflation and input shortages hindered growth for factories in Latin America’s second largest…
GM’s South Korea unit resumes production at two factories
SEOUL – General Motors Co’s South Korea unit has resumed production at its two factories in the country this week following a production halt that lasted about two weeks over procurement issues,…
GM’s South Korea unit suspends production at two factories over procurement issues
SEOUL – General Motors Co’s South Korea unit has suspended production at its two factories in the country following a local supplier’s refusal to supply auto parts, an official at GM Korea…
LG Energy Solution to invest $568 million in South Korean factories
SEOUL -LG Energy Solution said on Monday it will invest 730 billion won ($567.76 million) to expand its production capacity at its Ochang production site in South Korea. The South Korean battery…
U.S. adds Russian airplane factories to economic blacklist
By David Shepardson and Karen Freifeld WASHINGTON/NEW YORK – The United States on Thursday added 71 Russian and Belarusian entities to its trade blacklist including several aircraft factories and shipbuilding and research…
Backlogs, more staff help German factories against headwinds -PMI
BERLIN – German manufacturers slightly increased outputs in May, buoyed by order backlogs, increased staffing and, in some cases, improved materials availability, but a further decline in new orders mean rough seas…
Mexico’s factories contract for 26th straight month, inflation near four-year high
MEXICO CITY – Mexico’s manufacturing sector contracted for the 26th month in a row in April, as factories responded to shrinking demand with a further downward adjustment to output and input costs…
Shanghai factories scramble to reopen as COVID lockdown lingers
SHANGHAI – Companies reopening factories in locked-down Shanghai are booking hotel rooms to house workers and turning vacant workshops into on-site isolation facilities as authorities urge them to resume work while complying…
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