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Highlights of the day: Notebook demand remains strong

With the persisting pandemic driving the stay-at-home economy, notebook makers saw strong shipments in December 2020, with the likelihood that order momentum will last through second-half 2021. Strong demand and rising production costs ami.....»»

Category: topSource: digitimesJan 14th, 2021

OPEC further slashes 2020 world oil demand forecast, but makes "huge" cut in supply outlook

The Organization of the Petroleum Exporting Countries on Wednesday further cut its forecast for global oil demand in 2020, but also forecast a drop in supply as low prices take a toll on production around the world. In.....»»

Category: topSource: marketwatchMay 13th, 2020

Maersk sees drop in global ship container demand this year

Shipping group A.P. Moller-Maersk warned of a sharp drop in global container volumes due to the coronavirus pandemic, with weaker retail sales and depressed car production dampening demand......»»

Category: topSource: reutersMay 13th, 2020

Pandemic slams global factories, activity sinks to new lows

Factory activity was ravaged across the world in April, business surveys showed, and the outlook looked bleak as government lockdowns to contain the new coronavirus pandemic froze global production and slashed demand......»»

Category: topSource: reutersMay 4th, 2020

Pandemic slams Asia"s factories, activity hits financial crisis lows

Asia's factory activity was ravaged in April, business surveys showed on Monday, and the outlook dimmed further as government restrictions on movement to contain the coronavirus outbreak froze global production and slashed demand......»»

Category: topSource: reutersMay 4th, 2020

Pandemic slams Asia"s factories, activity hits financial-crisis lows

Asia's factory activity was ravaged in April, business surveys showed on Monday, and the outlook dimmed further as government restrictions on movement to contain the coronavirus outbreak froze global production and slashed demand......»»

Category: topSource: reutersMay 4th, 2020

Oil set for first weekly gain in a month as output cuts start

Oil headed for its first weekly gain in a month as global production cuts began to take effect, while early signs the coronavirus-driven plunge in demand might be starting to bottom out also aided sentiment......»»

Category: smallbizSource: nytMay 1st, 2020

Oil climbs amid output cuts and early signs of demand recovery

Oil advanced for a second day on signs fuel consumption is starting to recover in the world’s biggest economies, while global production cuts also begin to offset the demand destruction caused by the coronavirus......»»

Category: topSource: moneycentralApr 30th, 2020

Boeing cuts 787 production after second straight quarter of losses

Boeing Co reported a loss for the second straight quarter and said on Wednesday it would cut its workforce by about 10% as the planemaker further reduces 787 Dreamliner production against a slump in global travel demand......»»

Category: topSource: reutersApr 29th, 2020

Auto supplier Bosch sees global car production down 20% in 2020

German auto supplier and technology company Robert Bosch [ROBG.UL] on Wednesday said it expected automotive production to fall by at least 20% this year, as the coronavirus pandemic slams the brakes on factory production lines and saps demand......»»

Category: topSource: reutersApr 29th, 2020

Oil rises, but ends wild week lower as coronavirus slashes fuel demand

Oil prices rose on Friday but still posted a weekly loss, the eighth in nine weeks, as global production cuts could not keep pace with the collapse in demand caused by the coronavirus pandemic......»»

Category: topSource: reutersApr 24th, 2020

Oil heads for another weekly slide on coronavirus turmoil

Oil prices rose on Friday, but both the Brent and U.S. benchmarks were on track for their third straight week of losses as global production shutdowns failed to keep pace with the collapse in demand caused by the coronavirus pandemic......»»

Category: topSource: reutersApr 24th, 2020

Tyson Foods to stop production at largest pork plant indefinitely

Reduced meat output from the shutdowns threatens to tighten supplies of certain products at a time when demand is rising at grocery stores......»»

Category: topSource: moneycentralApr 22nd, 2020

Tyson Foods to indefinitely stop production at largest pork plant

Reduced meat output from the shutdowns threatens to tighten supplies of certain products at a time when demand is rising at grocery stores......»»

Category: topSource: moneycentralApr 22nd, 2020

Oil tumbles 7% as recession fears outweigh historic production cuts

REUTERS/Jim Urquhart Oil slumped further on Tuesday as historic production cuts that OPEC agreed to over the weekend were overshadowed by the coronavirus pandemic's impact on global demand. US West.....»»

Category: topSource: businessinsiderApr 14th, 2020

Texas and Oklahoma weigh production quotas for oil

Now that Russia, Saudi Arabia and other producers have decided to cut production of oil in the face of the global collapse in demand, some American companies want Texas and Oklahoma to follow suit......»»

Category: personnelSource: nytApr 13th, 2020

Oil mixed as demand worries offset gains from output cut deal

Oil prices were mixed on Monday, as the historic production-cut deal inked by major global oil producers was not enough to assuage existing worries about the demand destruction brought on by the coronavirus pandemic......»»

Category: topSource: reutersApr 13th, 2020

5G smartphone chip demand rising in China

With the coronavirus outbreak put under control in China, China's domestic 5G smartphone market has started gaining momentum with chipmakers stepping up production for sub-6GHz solutions, according to industry sources......»»

Category: topSource: digitimesApr 13th, 2020

Oil prices rise on optimism OPEC+ meeting will result in supply cut

Oil prices rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with a coronavirus-driven collapse in global oil demand......»»

Category: topSource: reutersApr 9th, 2020

Crude futures climb ahead of OPEC+ meeting

Crude futures rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with the coronavirus-driven collapse in global oil demand......»»

Category: topSource: reutersApr 8th, 2020