The Australian dollar has closed lower in response to weaker than expected Chinese data. At 5pm today, the currency was trading at 102.79 US cents, down from 103.13 cents on Friday. The Australian dollar touched its intraday low of ...
The Australian dollar softened yesterday after weaker-than-expected Chinese manufacturing data raised concerns over the momentum of recovery in the world's second-largest economy and Australia's biggest trading partner. The preliminary ...
Tags: PMI, Australian dollar, dollar
The UK's largest manufacturing exhibition opened its doors this week attracting a record number of visitors, demonstrating the continuing importance of the manufacturing sector to the UK's economy. "The last twelve months has been ...
US manufacturing activity continues to grow steadily, buoyed by an increase in new orders and blue collar employment. The Institute for Supply Management index of manufacturing activity rose to 53.1 in January from 50.2 in December. ...
Tags: US Manufacturing, manufacturing activity, blue collar employment
Weaker-than-expected Chinese manufacturing data sent the dollar lower today, ahead of all-important US employment figures due overnight. China's official Purchasing Managers Index fell to 50.4 in January from 50.6 in December, lower than ...
Tags: Dollar, Australian dollar, exchange rate
Manufacturing growth began 2013 on a strong note in January, according to the January Manufacturing report on Business from the Institute for Supply Management (ISM). The PMI, the index used by the ISM to measure manufacturing activity, ...
Tags: Manufacturing growth, 2013, strong note
Data from CFLP and State Statistics Bureau shows that China official PMI index falls to 50.4, lower than the expected index 50.4. PMI in December is 50.6. Though manufacturing PMI pulled back slightly in January, it still remains a ...
The Australian sharemarket closed half a percentage point higher as investors chased higher-yielding financial stocks. At the close today, the benchmark S&P/ASX 200 index was 25.0 points, or 0.52 per cent higher at 4835.2, while the ...
Tags: Stocks, sharemarket, financial stocks
The sharemarket climbed again yesterday, closing the week on a high on good news from home and abroad and supported by investors seeking stocks with high dividend yields. The benchmark S&P/ASX 200 closed up 0.5 per cent at 4835.2 points, ...
Tags: stocks, sharemarket, financial stocks
Stocks advanced to a new 21-month high yesterday, led by the banking and telecommunications sectors, as investors continued to chase higher-yielding investments. The market, which began the day sluggishly following a disappointing report ...
Tags: Stocks, banking sectors, telecommunications sectors, China
Raleigh Canada Ltd. will end bike manufacturing and assembly at its facility here by the end of the year, the company announced Monday. Raleigh has made an assembled bikes there for about 30 years. About 100 workers will lose their jobs ...
Tags: Raleigh Canada, bike manufacturing, bike
Numbers of Germans out of work rose for the ninth month running in December but held close to a post-reunification low, adding to signs Europe's largest economy remains relatively unscathed by the region's crisis. Labour Office data ...
The Institute for Supply Management (ISM) reported Wednesday that its Purchasing Managers' Index (PMI) registered 50.7 percent in December, an increase of 1.2 percentage points from November's reading of 49.5 percent, indicating expansion ...
Tags: ISM, PMI, US, manufacturing activity, positive territory
The sharemarket ended the year on a sour note, falling for the first time in four days as the continuing US fiscal policy impasse weighed on market sentiment. However, the sell-off was limited by improved manufacturing data from China and ...
Tags: Local Stocks, Fears, US, Fiscal Impasse
Manufacturing output showed growth in December for the third time in the last seven months, according to today’s December Manufacturing Report on Business from the Institute for Supply Management (ISM). The PMI, the index used by ...
Tags: Manufacturing output, December, ISM, 2012