Brett King, Moven Founder & CEO and "Augmented: Life in the Smart Lane" author, discusses the future of artificial intelligence and automation in the workforce.
TOKYO, June 30- Japan's industrial output fell in May at the fastest rate in three months, highlighting concerns about falling exports and doubts about weak consumer spending. Output fell in May due to declines in the production of chemicals, cosmetics, construction equipment and semiconductors, data from the Ministry of Economy, Trade and Industry showed.
June 28- Volkswagen AG's $15.3 billion settlement of allegations that it cheated on diesel engine pollution tests promises a substantial boost for federal and state efforts to expand electric vehicle sales, and could also help producers of commercial trucks and buses and other heavy equipment. Volkswagen has agreed to put $2.7 billion over three years into...
June 2- Mining equipment maker Joy Global Inc reported a 25.7 percent slump in quarterly revenue, hurt by continued spending cuts by its customers amid a commodities rout. The company reported a loss from continuing operations of $15.3 million, or 16 cents per share, in the second quarter ended April 29, compared with a profit of $56 million, or 57 cents per share, a...
HONG KONG, May 27- China's Zoomlion Heavy Industry Science and Technology Co Ltd said on Friday it has terminated talks to buy crane maker Terex Corp, after failing to agree on terms. Zoomlion, a construction machinery maker, and Finland's Konecranes had both bid for Terex to help them better cope with cooling Chinese and weak European demand.
JOHANNESBURG, May 16- South Africa's Barloworld reported a 9 percent fall in half-year profit on Monday as a slowdown in mining activity hurt its equipment business in southern Africa. Barloworld, the largest dealer of Caterpillar Inc mining trucks in southern Africa, said headline earnings per share fell to 335 cents in the six months ended March compared...
*Machinery orders data due at 2350 GMT on Wed. TOKYO, May 13- Japan's machinery orders are expected to have rebounded only slightly in March, a Reuters poll showed, indicating firms remain cautious about their business investments on worries about economic prospects. "The yen's appreciation has progressed, which has made the environment for corporate earnings...
*China's economy shows signs of a pick up. BEIJING/ SINGAPORE, April 25- Caterpillar Inc, the world's largest maker of heavy equipment, has raised hopes that China's battered construction sector may be showing signs of life, pointing to its strongest post-holiday period in three years after a government boost. Ahead of a key week for the heavy equipment sector, with...
The company said it expects 2016 sales in a range of $40 billion to $42 billion against a previously forecast $40 billion to $44 billion. Caterpillar now expects 2016 earnings per share at $3.00, or $3.70 per share excluding restructuring costs. The world's largest heavy machinery manufacturer reported a net income of $494 million, or 67 cents per share in the...
HELSINKI, April 22- Finnish engineering group Metso posted a lower-than-expected quarterly profit and new orders on Friday as miners delayed buying its grinding mills and crushers. Nordic mining equipment makers are struggling as mining groups cut spending due to low metal prices and uncertainty over growth in top metals consumer China.
SANTIAGO/ WINNIPEG, April 6- As slumping metals prices force miners to scale back production, the scramble by some to sell idled equipment at a discount is producing bargains for healthier players. Mantos Copper, a unit of investment firm Audley Capital, which bought two Chilean copper mines last year from Anglo American, is among those reaping the benefits.
WINNIPEG/ SANTIAGO, April 6- Dealers of used mining equipment, from the United States to Chile and Australia, are making a risky bet that an end to the industry's four-year slump may be in sight, stocking up on a glut of crushers and conveyors. A used 20- ton Komatsu Ltd bulldozer that sold for nearly $130,000 a few years back, now leaves the lot for $100,000, for example.
The markets may look like they’re running amok heading into the lunar new year but not for long, predicts brokerage CLSA.
Machinery stock analyst Ann Duignan of J.P. Morgan talks about how China and currencies impact Caterpillar's results.
Doug Oberhelman, Caterpillar chairman & CEO, talks about the long-term outlook in China and provides his thoughts on commodity prices.
Doug Oberhelman, Caterpillar chairman & CEO, discusses the company's quarterly results and "soft markets" in oil and commodities around the world.
CNBC discusses the Bank of Jinzhou float with Ken Wong, Asia equity portfolio specialist at Eastspring Investments and Ken Peng, Asia investment strategist at Citi Private Bank.
Deere posted a sharp drop in earnings on Wednesday and forecast a further slump in agriculture and construction equipment sales in its new year.
Data from Japan's manufacturing sector, hit by China's slowdown, underscores the need for further reforms, says Alex Treves, head of Japan equities at Fidelity Worldwide Investment.
The spotlight in Asia is on Japan, where investors anticipate new economic data and the Bank of Japan's policy decision.