Industrials Capital Goods

  • *Data shows China exceeded targets for reducing 2016 output. BEIJING/ SHANGHAI, Jan 19- The new year has ushered in a new round of capacity cuts as China tries to combat excess in its bloated steel and coal sectors, but the moves are a drop in the ocean in the nation's long struggle to make its heavy industry more efficient. For years, Beijing has been seeking to cut the...

  • *Nov core orders -5.1 pct m/m vs forecast -1.7 pct. TOKYO, Jan 16- Japan's core machinery orders fell in November at the fastest pace in seven months in a sign that some companies may be turning cautious about capital expenditure because of uncertainty over domestic and overseas demand for goods and services. President-elect Donald Trump may adopt...

  • TOKYO, Jan 16- Japan's core machinery orders fell 5.1 percent in November from the previous month in a sign companies could turn cautious on capital expenditure, government data showed on Monday. The fall in core orders, a highly volatile data series regarded as an indicator of capital expenditure in the coming six to nine months, compared with economists' median...

  • TOKYO, Jan 16- Japan's core machinery orders fell 5.1 percent in November from the previous month in a sign could turn cautious on capital expenditure, government data showed on Monday. The fall in core orders, a highly volatile data series regarded as an indicator of capital expenditure in the coming six to nine months, compared with economists' median estimate...

  • TOKYO, Jan 13- A Reuters poll on Friday found Japan's machinery orders were expected to fall in November, the first decline in two months, suggesting firms remain cautious about capital spending. "The yen has weakened rapidly following the presidential election in the United States, but manufacturers will likely keep their wait-and-see stance because of...

  • MEXICO CITY, Jan 10- Mexico's oil company, Pemex, is struggling to supply gas stations around the northern border city of Mexicali because of a blockade at a storage site, part of sometimes violent protests and looting over a gasoline price hike. In a post on Twitter on Tuesday afternoon, Pemex said its ability to supply gas stations in Mexicali, across the border...

  • MEXICO CITY, Jan 10- Mexico's oil company, Pemex, is struggling to supply gas stations around the northern border city of Mexicali because of a blockade at a storage site, part of sometimes violent protests and looting over a gasoline price hike. In a post on Twitter on Tuesday afternoon, Pemex said its ability to supply gas stations in Mexicali, across the border...

  • MEXICO CITY, Jan 10- Mexico's oil company, Pemex, is struggling to supply gas stations around the northern border city of Mexicali because of a blockade at a storage site, part of a wave of sometimes violent protests and looting over a gasoline price hike. In a post on its Twitter page, Pemex said its ability to supply gas stations in Mexicali, just across the border...

  • SAN LUIS POTOSI, Mexico, Jan 6- Ford Motor Co's abrupt move to scrap a planned $1.6 billion car plant in central Mexico has spooked a network of suppliers who bet on a growing customer base and dramatized the risk that Donald Trump's agenda poses to the country's broader economy. Many auto parts makers had started to expand in anticipation of Ford's plant in the...

  • SAN LUIS POTOSI, Mexico, Jan 6- Ford Motor Co's abrupt move to scrap a planned $1.6 billion car plant in central Mexico has spooked a network of suppliers who bet on a growing customer base and dramatized the risk that Donald Trump's agenda poses to the country's broader economy. Many auto parts makers had started to expand in anticipation of Ford's plant in the...

  • WASHINGTON, Jan 3- U.S. factory activity accelerated to a two-year high in December amid a surge in new orders and rapidly rising raw material prices, indicating that some of the drag on manufacturing from prolonged dollar strength and a slump in oil prices was fading. It appears that President Obama will be leaving his successor with a pretty good economy, "said...

  • Dec 29- After years of running flat out, U.S. Gulf Coast refiners are lining up repairs to plants in 2017- but facing a severe labor shortage that could delay work, drive up costs and raise accident risks. "Putting off work definitely affects the safety of the refinery," said Ed Lee, an independent refinery safety consultant who worked at Royal Dutch Shell for three...

  • *Lonza to increase equity capital by up to 3.3 bln Sfr. Dec 15- Lonza Group AG announced its biggest ever acquisition on Thursday with a deal to buy Capsugel, a U.S. maker of capsule products and other drug delivery systems, for $5.5 billion in cash to broaden its product range as a pharmaceuticals industry supplier. The Swiss company's shares fell by over 7 percent on...

  • *Oct core orders +4.1 pct m/m vs forecast +1.0 pct. TOKYO, Dec 12- Japan's October core machinery orders rose for the first time in three months to beat expectations, government data showed- a tentative sign of a pickup in capital expenditure. "Machinery orders are basically flat but picking up slightly," said Takeshi Minami, chief economist at Norinchukin Research...

  • *Oct core orders +4.1 pct m/m vs forecast +1.0 pct. TOKYO, Dec 12- Japan's core machinery orders rose 4.1 percent in October from the previous month, Cabinet Office data showed on Monday, in a tentative sign of a pickup in capital expenditure. Japan's economy also grew much slower than initially estimated in the third quarter as capital expenditure dried up and...

  • TOKYO, Dec 12- Japan's core machinery orders rose 4.1 percent in October from the previous month, Cabinet Office data showed on Monday, in a tentative sign of a pickup in capital expenditures. The rise in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, compared with economists' median estimate...

  • *BOJ Tankan due at 2350 GMT on Dec 13. *Machinery orders due at 2350 GMT on Dec 11. "A weaker yen than the big manufacturers had estimated reduced the worries about corporate profits while both Japan's and overseas economies are expected to continue to grow moderately," said Takayuki Miyajima, senior economist at Mizuho Research Institute.

  • *Sept core machinery orders -3.3 pct vs f'cast -0.8 pct. *Capex considered essential to higher economic growth. TOKYO, Nov 10- Japan's core machinery orders fell more than expected in September and the outlook pointed to more weakness, suggesting the economy may underperform as businesses show reluctance to invest amid sluggish demand at home and abroad.

  • *Sept core machinery orders -3.3 pct vs f'cast -0.8 pct. TOKYO, Nov 10- Japan's core machinery orders fell more than expected in September, Cabinet Office data showed on Thursday, in a sign of fragility in capital expenditure seen as vital for fostering sustainable economic growth. Prime Minister Shinzo Abe's government has been counting on capital expenditure...

  • TOKYO, Nov 10- Japan's core machinery orders fell 3.3 percent in September from the previous month, Cabinet Office data showed on Thursday, in a sign of fragility in capital expenditure. Companies surveyed by the Cabinet Office forecast that core orders will fall 5.9 percent in October-December from the previous quarter. Orders rose 7.3 percent in...