US manufacturing mired in weakness; factory employment declines
By Lucia Mutikani WASHINGTON U.S. manufacturing remained subdued in November, with factory employment declining further as hiring slowed
2023-12-02 01:54
Citi names Gutiérrez-Orrantia Europe banking and cluster head in restructure
By Andres Gonzalez LONDON Nacho Gutiérrez-Orrantia, one of Citi's most senior bankers in Europe, will become banking and
2023-11-20 22:51
Reaction to Alibaba's scrapping of cloud unit spin-off
HONG KONG Hong Kong-listed shares of China's Alibaba Group plunged 10% on Friday, wiping about $20 billion off
2023-11-17 17:47
Alibaba's U-turn on cloud unit spin-off lops $20 billion off its market value
By Donny Kwok and Casey Hall HONG KONG/SHANGHAI (Reuters) -Alibaba Group's Hong Kong shares slumped 10% on Friday after it
2023-11-17 12:15
Column-U.S. manufacturing has plateaued after post-pandemic rebound: Kemp
By John Kemp LONDON U.S. manufacturing activity has shown little or no growth in the last year as
2023-11-14 01:23
Finland's Neste to cut 400 jobs in cost cutting drive
COPENHAGEN Finland's Neste said on Wednesday it plans to save 50 million euros ($53 million) annually through measures
2023-11-01 16:16
Africa unlikely to follow East Asia's manufacturing growth path -study
WASHINGTON African countries are less likely to follow East Asia's development model of expanding manufacturing to pull people
2023-10-30 12:52
Entertainment giant Endeavor announces review of strategic options
(Reuters) -Global sports and entertainment giant Endeavor Group Holdings said on Wednesday it has begun a formal review to evaluate
2023-10-26 05:16
Mood swing: Global producers in US hunt for China alternatives
By Timothy Aeppel Jason Andringa’s company was part of the stampede of U.S. businesses that built factories in
2023-10-23 18:17
China's Country Garden warns of default again as property sales plunge
For the second time in just over two months, Country Garden has warned investors that it could default on its $190 billion debt in a reminder that China's real estate crisis is far from over.
2023-10-10 17:22
Auto workers worry it takes less labor to build electric cars. Maybe not, some researchers say
A traditional car engine is a complex wonder of engineering, with pistons moving up and down, springs compressing and decompressing, spinning shafts, opening and closing valves and spinning gears meshing together. That's not to mention a transmission, connecting the engine to the wheels, that's a complex machine all its own. An electric motor, on the other hand, is really just some magnets wrapped in wires and it only needs a single speed transmission. That simplicity worries the United Auto Workers union.
2023-10-06 21:53
French retailer Casino finalises rescue deal led by Czech tycoon
By Dominique Vidalon PARIS (Reuters) -French supermarket group Casino has finalised a deal to avert bankruptcy through a debt restructuring
2023-10-05 23:48