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Industrials Capital Goods

  • 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...

  • India set out the structure of its long-awaited GST, but economists are divided on whether opting for multiple rates is a winner or not.

  • WASHINGTON, Nov 1- U.S. factory activity increased for a second straight month in October amid a pickup in production and hiring, supporting views that the embattled manufacturing sector would regain some momentum in the fourth quarter. Manufacturing has suffered a prolonged slump in the aftermath of the dollar's surge between June 2014 and December 2015,...

  • But tweaking the North American Free Trade Agreement, as Hillary Clinton has pledged to do, or ripping it up, as Donald Trump demands, may do nothing to help companies like Element Electronics Corp, which owns America's last television factory. Winnsboro, South Carolina- based Element, and the television industry more broadly, offer a window into the complexity of...

  • *Phase 1 of Canton Fair underway since weekend. HONG KONG, Oct 19- Official investment figures may be feeble, but exporters at China's largest trade fair say they are ploughing more money into robotics, industrial automation and new product development to offset rising costs. Kison Van said his company, Ningbo Cixi Import and Export Holdings, which makes fans and...

  • BEIJING, Oct 14- General Electric Co expects increased partnership with Chinese infrastructure firms along China's' New Silk Road' which aims to link Asia with Europe and the Middle East to generate a significant jump in third-party country sales. Caterpillar has said that it hoped to participate in building the network links crucial to the initiative, while...

  • *Aug core orders -2.2 pct m/m vs forecast -5.5 pct. TOKYO, Oct 12- Japan's core machinery orders fell much less than expected in August, suggesting a relatively firm pickup in capital expenditure that is seen as crucial for sustainable economic growth. "Capital spending is holding firm although it is not so strong as being a driver of GDP growth," said Yuichiro Nagai,...

  • *Aug core orders -2.2 pct m/m vs forecast -5.5 pct. *Core orders +11.6 pct yr/yr vs forecast +6.5 pct. TOKYO, Oct 12- Japan's core machinery orders fell much less than expected in August, suggesting a relatively firm pickup in capital expenditure that is seen as crucial for sustainable economic growth.