East Asian manufacturing firms signal return to growth in June June 23, 2014 Industrial companies in China and Japan reported that business expansion had restarted again this month, after periods of stagnation and contraction. HSBC’s purchasing managers’ index (PMI) for the Chinese manufacturing sector registered a score of 50.8, above the mark that signals an expansion for the first time since the end of last year. [...]
China manufacturing sector shows first growth since December June 23, 2014 The Chinese manufacturing sector grew in June for the first time in six months, according to a report from HSBC/Markit. The growth drove up the price of commodities, with iron ore and copper futures among the risers. A rise in commodity prices is boosting the Australian mining sector, with shares in Rio Tinto, Fortesque Metals [...]
Economists made two huge errors in a key US manufacturing survey June 2, 2014 A US manufacturing sector survey came in at an unexpectedly low level earlier. The ISM manufacturing index dropped from 54.9 in April to 53.2 for May, well below the 55.5 economists had been expecting. But analysts at Stone McCarthy Research Associates spotted a huge flaw with how adjustments to the survey data were made, which [...]
Tanfield dives after profits warning July 2, 2008 Electric vehicle maker Tanfield crashed more than 80 per cent after warning its profits would be drastically hit by the economic slowdown. Stunned City investors questioned the management’s credibility after the Tyne and Wear-based company gave no hint of what was to come in a statement issued on Friday in response to its share price [...]
Dial M to turn the wheels November 2, 2005 The new BMW looks fabulous, goes like a dream and costs £80k, but you need a computing degree to drive it. There are few cars that cook tarmac as well as those engineered in BMW’s “M” division, and the new £80,000 M6 is no exception. With a 500bhp V10 stuffed under the bonnet it’s been [...]
Show Stoppers November 2, 2005 Bored and want somewhere to go, then vroom along to these car events There is plenty to quench the thirst of parched petrol heads this week, whether their tonic be car, motorbike or truck. First up is the International Motorcycle and Scooter Show which will involve a trip out of the capital and up to [...]
GM and SAIC to build ‘green’ cars November 1, 2005 American carmaker General Motors and China’s SAIC have signed an agreement to collaborate on manufacturing fuel-efficient hybrid cars for the Chinese market. GM chairman and chief executive Rick Wagoner and SAIC chairman Hu Maoyuan signed a memorandum of understanding yesterday in Shanghai that will see the two firms working together to develop a range of [...]
Honda profit accelerates October 28, 2005 Japanese car and motorcycle maker Honda reported an industry-beating increase of just over 1 per cent in its first-half profits to 244.4bn yen (£1.2bn), buoyed by higher global vehicle sales. Turnover grew by 10 per cent to a record 4.6trn yen, as global vehicle sales rose 6.9 per cent to 1.6m units. The increase in [...]