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UK manufacturing PMI sinks to six-year low in June - IHS Markit
British manufacturers suffered the sharpest fall in activity in more than six years last month against a backdrop of Brexit uncertainty and global trade tensions, a survey showed on Monday. Edward Baran reports......»»
US suffers sharpest rise in poverty rate in more than 50 years
The poverty rate increased by 2.4 percentage points during the latter half of 2020 as the U.S. continued to suffer the economic impacts of COVID-19, according to economists from the University of Chicago and the Univer.....»»
Cartier-maker Richemont gloomy about next three years
Cartier maker Richemont reported a 67% fall in annual profit on Friday and said the impact of the coronavirus could last up to three years despite signs of recovery in China. Ciara Lee reports.....»»
China PCB maker DSBJ sees double-digit profit fall in 2019
Dongshan Precision Manufacturing (DSBJ) saw its net .....»»
Coronavirus pressures US manufacturers to bring plants home from China
As the U.S. has lost its place as the world’s leading producer over the past 25 or 30 years, China has emerged as the go-to place for manufacturing......»»
Market Snapshot: Stocks trade lower as coronavirus uncertainty lingers after temporary boost from China factory data
U.S. stocks fall Tuesday amid worsening data on coronavirus deaths in the U.S. and Spain, after stock-index futures initially found support following data showing a rebound in Chinese manufacturing activity in March......»»
Nike revenue beats as digital growth offsets rare China sales fall on virus hit
Nike Inc beat estimates for quarterly revenue on Tuesday as strong digital demand offset the first China sales drop in nearly six years from the coronavirus-fueled shutdowns, but the company held back from providing a forecast due to the outbreak......»»
Crude oil falls below $30 as coronavirus spreads
Brent and U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China's factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus......»»
U.S. crude falls below $30 as Fed move fails to calm markets
U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China's factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus......»»
Oil prices fall again, on track for biggest weekly drop in over 4 years
Oil prices fell for a sixth straight session on Friday and were on track for about a 12% weekly fall, the biggest in more than four years, as the spread of the coronavirus outside China raised fears of slowing global demand......»»
Market Snapshot: Dow skids more than 700 points, after stock market suffers worst day in two years
U.S. stocks deepened their losses Tuesday, erasing early morning gains, as investors watched growing headwinds like the spread of COVID-19 outside China with trepidation, even against the backdrop of positive economic growth......»»
Hyundai bet big on China. Now coronavirus is twisting its supply chain
South Korean car giant Hyundai Motor has increasingly relied on China to supply auto parts to its manufacturing hub at home in recent years. As the coronavirus spreads, its strategy could be backfiring......»»
China Non-Manufacturing PMI Slides Back Near Multi-Year Lows
China Non-Manufacturing PMI Slides Back Near Multi-Year Lows Following a big, surprise jump in November, China’s official PMIs were expected to fall back a little in Decembe.....»»
Gold Suffers Worst Week in Two Years as Bulls Run for Cover
Gold headed for the biggest weekly loss in more than two years as progress in U.S-China trade talks hammered demand for havens......»»
Stocks fall to lowest in a month after U.S. manufacturing shock sparks growth worries
A major global share index hit its lowest level in a month on Wednesday on fears the fallout from the U.S.-China trade war is spreading to the U.S. economy and could further hurt global growth......»»
Shares fall to one-month low after U.S. manufacturing hit
A major global share index hit its lowest level in a month on Wednesday after U.S. manufacturing activity tumbled to more than a decade low, sparking worries that the fallout from the U.S.-China trade war is spreading to the U.S. economy......»»
U.S. manufacturing marks biggest slump in decade
U.S. factory activity shrank in September to its weakest in more than 10 years, deepening worries about the impact of the U.S.-China trade war. Conway G. Gittens looks at the numbers......»»
Oil prices fall as China"s economic outlook still weak
Oil prices slipped on Monday as China's economic outlook remained weak even as manufacturing data improved as an ongoing trade war with the United States weighs on demand growth at the world's largest crude importer......»»
Oil prices fall 1.5% on renewed trade fears, anemic growth
Oil prices fell about 1.5% on Tuesday as data on anemic manufacturing in Germany and Japan underscored a gloomy outlook for global demand amid renewed concerns about the U.S.-China trade war......»»
Asian stocks weaken as China"s factory-gate prices fall sharply
Most Asian stocks swung lower on Tuesday, weighed by Chinese markets after mainland factory-gate prices shrank at their fastest pace in three years while reports of German stimulus plans pushed global bond prices down......»»