FRANKFURT, Germany— Industrial machinery maker Siemens AG says net profit fell 25 percent in its most recent quarter as lower earnings at its key power and gas business weighed on the bottom line. That was down from 1.46 billion euros a year earlier. CEO Joe Kaeser said Tuesday net profit was hurt by a reassessment in the value of financial derivatives the company...» Read More
Japan's core machinery orders rose for a second straight month in November in a sign that companies may gradually increase capital spending, but uncertainty over the global economy could continue to pressure the Bank of Japan to ease policy.
Manufacturing activity in Asia expanded in December as China's economy showed signs of revival but export demand was uneven, pointing to further sluggish growth for the region, business surveys suggest.
China’s October Inflation numbers came in below expectations, proving to be of little concern to the country’s policymakers at the moment, but economists warn the inflation rate could double by mid-2013 as growth in the world’s second largest economy gains momentum.
Jim Cramer, host of “Mad Money,” explains why stocks didn’t fall as far as they could have.
Check out the “Mad Money” host’s “Game Plan.”
The top executive talks to Cramer about the company’s quarter.
The U.S. economy has a ways to go, but Cramer thinks it will be the first world economy to bounce back.
Caterpillar, the world’s largest manufacturer of heavy machinery, is sticking to its full-year sales projections for China despite signs of a slowdown in the second quarter.
The "Fast Money" traders highlight U.S. companies benefiting from pricing power that comes with a weak U.S. dollar.