Oil prices surged on Thursday as economic data around the globe added optimism to economic growth. In the week ending July 27, the advance figure for seasonally adjusted initial jobless benefits claims decreased 19,000 to 326, 000, the ...
Tags: Oil Prices, Global Growth Optimism
The Institute for Supply Management (ISM) reported Thursday that economic activity in the manufacturing sector expanded in July for the second consecutive month, and the overall economy grew for the 50th consecutive month. The Purchasing ...
Tags: Manufacturing Activity
Manufacturing activity in July continued its solid turnaround since dropping to its lowest levels since June 2009 in May, according to the Institute for Supply Management's monthly Manufacturing ISM Report on Business. The PMI, the index ...
Tags: Processing Machinery
The Municipality of Ontinyent in Valencia, Spain, recently signed a Joint Declaration between employers and unions for the revival of the textile industry in the region. The agreement was signed between the Ontinyent City Council, ...
Tags: Ontinyent City, Textile Sector
PPG Industries reported record second quarter net sales in 2013 of $4.1 billion, up 16 percent versus the prior year. Second quarter 2013 reported net income from continuing operations was $341 million, or $2.35 per diluted share. Adjusted ...
Tags: coating, Construction, Decoration
The ability of OPEC to influence the balance of crude markets is diminishing in the face of growing US oil production, with 2013 expected to be a rare instance of a year-on-year decline in the call on the producer group to maintain balanced ...
Tags: Chemicals
US-based food processing company Wright Foods is set to expand its food processing and packaging operation in Montgomery County, North Carolina, with an investment of $53m over the next five years. The project has been announced by ...
Tags: Wright Foods, food
Nova Scotia Power says its newest power plant—a biomass facility in Port Hawkesbury—has begun operations, producing both electricity and steam. "We are proud to be increasing our presence in the community of Port Hawkesbury. ...
Tags: Consumer Electronics, Electronics
Non-manufacturing activity took a dip in June but remained in growth territory, according to the June edition of the Institute of Supply Management's (ISM) Non-Manufacturing Report on Business. ISM said that the index used to measure ...
Tags: Processing Machinery
The city of Independence is best known as the place President Truman called home. At the U.S. Conference of Mayors this week, Mayor Reimal announced that the city of Independence will be working with Philips to start an ambitious street ...
Tags: Street Lighting, Lights, Lighting
World GDP growth stabilized during the first quarter of 2013 at a moderate rate. In particular, in the advanced economies the situation improved with financial stress being further reduced and stock prices rising. The acceleration of ...
Tags: GDP growth, financial stress, Euro Area, emerging economies
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $725 billion equipment finance sector, showed their ...
The Australian sharemarket is expected to open lower today as local investors practise caution ahead of expectations the US Federal Reserve could wind back its third round of bond purchases. Despite posting a late surge at the end of last ...
Tags: Investors, Fed Meeting, Sharemarket
The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $725 billion equipment finance sector, showed their ...
Manufacturing activity in May contracted for the first time since November 2012, according to the Institute for Supply Management (ISM). The PMI, the index used by the ISM to measure manufacturing activity—at 49 in May was down 1.7 ...
Tags: ISM, Manufacturing&Processing Machinery, Manufacturing Data