Factory activity shrank in most Asian countries in June as the simmering US-China trade conflict put further strains on the region’s manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recession.
US President Donald Trump’s new tariff move has tripped up the all-American recreational vehicles (RVs) industry. About 85% of the recreational vehicles sold in the United States are built in and around Elkhart County,
Japan’s government slashed its economic growth forecast for this year largely due to weaker exports, in a sign the protracted US-China trade war is taking a bigger toll on the world’s third-largest economy.
Over the past five years, the high-tech manufacturer Protolabs has doubled its sales and nearly quadrupled its head count. With 2,700 employees today, it expects to add 650 this year. In the tight labour market of recent years, finding and keeping people has been a challenge. So the company, known for making complex prototypes on deadline, took a step that is becoming increasingly
David Malpass, US President Donald Trump’s nominee to lead the World Bank, won unanimous approval from the institution’s executive board, continuing the 73-year tradition of an American running the world’s largest development lender. The bank said that Malpass, the US Treasury’s undersecretary for international affairs, will start his new role on Tuesday as the World Bank and International Monetary Fund
Investor morale in the eurozone improved in April to hit its highest level since November, helped by signs of an upswing in China, a survey showed on Monday. The Sentix research group said its investor sentiment index for the eurozone rose to -0.3 from -2.2 in March. Analysts had expected a reading of -2.1. A sub-index of expectations improved for the straight third month,
US stocks were lower on Monday, following the S&P 500’s seven-day winning streak, as Boeing fell and investors braced for what could be the first decline in corporate earnings since 2016. Shares of Boeing Co slid 4.1%, pulling down Dow industrials and the S&P industrials sector, after the company said it would cut production of its 737 MAX aircraft by nearly 20%.
Ratings firm Moody’s said on Tuesday that potential auto tariffs by the United States would be a risk to global growth, hindering economic momentum in Germany, Japan and Korea.
The global economy is facing a “delicate moment,” beset with risks as the recovery loses steam amid trade tensions, Brexit and other factors, the International Monetary Fund warned on Tuesday.