Chinese shares rose to the highest level in seven years in volatile trade as bets that MSCI Inc will include mainland shares in its indexes overshadowed weaker shipments data. The ChiNext index of smaller and startup companies tumbled 4.67 ...
China experienced a third straight month of deficit in foreign exchange transactions as the country's growing appetite for foreign currency expands, according to new data published Tuesday. Chinese banks' forex purchases registered at ...
Tags: Foreign Currency, foreign exchange
Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said. "Personally, I think growth this year can reach 7 percent," Dong Yang, ...
Tags: auto market, Automobile
The total cost of ground transportation for Canadian shippers dropped for the third month in a row, according to data from the Canadian General Freight Index. Ground transportation costs dropped 0.4 percent in April, dropped again by 1.2 ...
Tags: Transportation, Logistics
Recent soft economic data including falling property prices have many investors worried about a growth slowdown in China, but Platinum Asset Management sees plenty of investment opportunities. The funds manager said in a note to investors ...
Tags: China Economy
North American Class 8 truck orders hit the second-best July ever, according to industry data. July is usually a slow month for truck orders, but demand was higher in July 2014 than expected as North American truckers ordered some 45,400 ...
Tags: Transportation, Truck, Auto
Vancouver-based Methanex has cut its June contracts in the US by 10 cents to $1.60/gal FOB US Gulf, the company said Friday. The decrease marks the third straight month of 10-cent declines. After discounts and rebates that average 13%, ...
US methanol contract prices are expected to drop sharply for June following rapidly declining spot prices in recent months, sources said Thursday. June contract announcements from Methanex and Southern Chemical Corp. were expected to be ...
Tags: Methanol, methanol contract
American automobile manufacturer Ford Motor is set to temporarily suspend production at its Romanian plant in November 2013, in response to weak demand in European market. The suspension will be for 13 days and represents the third ...
Tags: automobile, Ford Motor
The Markit Eurozone PMI Composite Output Index rose to a 27-month high in September, signalling the largest rise in activity since June 2011, according to the flash estimate. The flash PMI rose for the sixth consecutive month, up from 51.5 ...
China's fuel oil imports in August fell to a near five-year low of 1.17 million mt amid continued weak demand from both the bunker market and independent teapot refiners, according to data released late Monday by the General Administration ...
Class 8 orders improved in August, according to the latest data from FTR Associates. However, for the third straight month, orders came in at under 20,000 units, pointing towards a lower annualized rate of 244,000 units. Preliminary ...
Tags: Transportation
The HSBC purchasing managers' index (PMI) for China declined to 47.7 in July from 48.2 in June, declining for a third straight month to its lowest reading since August 2012.A reading below 50 indicates a contraction of activity while one ...
Tags: HSBC China
In July this year, the China HSBC Flash Manufacturing Purchasing Managers Index (PMI) fell to an 11-month low of 47.7 from June's final reading of 48.2, marking the third straight month in which the index reading was below 50. A reading ...
US airlines posted a record load factor for March 84.3%, according to the data released Thursday by the US Bureau of Transportation Statistics. The load factor, a measurement of revenue passenger-miles divided by available seat-miles, ...