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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.....»»
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.....»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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.....»»
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......»»
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......»»
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......»»
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......»»
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......»»