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  • Week ahead: All eyes on Japan, IMF, Fed Sunday, 4 Oct 2015 | 6:15 PM ET
    Week ahead: All eyes on Japan, IMF, Fed

    The spotlight in Asia is on Japan, where investors anticipate new economic data and the Bank of Japan's policy decision.

  • *Big tractor demand in China could help offset weak global sales. BEIJING, Oct 2- The world's largest makers of tractors and combines are finding a rare opportunity for growth in China despite a sharp slowdown in the world's No. 2 economy, with big farm machines in demand as the rural labour force shrinks and plot sizes grow. "People are just getting ready," said...

  • CHICAGO, Sept 25- Caterpillar Inc's suppliers were feeling the pain of slumping sales at the world's largest mining and construction equipment maker long before it announced an extensive cost-cutting program. J-TEC Chief Executive Officer Gary Roling said Peoria, Illinois- based Caterpillar, his single largest customer, had recently pushed back a big order...

  • Sept 24- Caterpillar Inc slashed its 2015 revenue forecast on Thursday and said it will cut as many as 10,000 jobs through 2018, joining a list of big U.S. industrial companies grappling with the mining and energy downturn. Shares of Caterpillar tumbled as much as 8 percent to a five-year low, pulling down the sector and knocking as much as 37 points off the Dow...

  • BEIJING, Sept 21- The China president of U.S. cranes and mining equipment maker Terex Co Inc is optimistic about the long-term outlook for the Chinese construction market, even as he expects to see half of existing mainland machinery makers close amid a four-year market downturn. China is estimated to contribute 10 to 15 percent of Terex's global sales by 2018,...

  • XUZHOU, China, Sept 7- Two years after China unveiled a sweeping plan to rebuild Silk Road trade links with Europe and Asia, machinery maker XCMG Group has opened a factory in Uzbekistan, sent 300 staff abroad and set ambitious goals to grow overseas. "This is China's grand strategy," said Hanson Liu, assistant president at Xuzhou Construction Machinery Group, which...

  • HOUSTON, Sept 5- Total SA cut production at its Port Arthur, Texas, refinery on Saturday after a contract worker was killed when the bulldozer he was driving in a pit beneath a giant refining unit flipped over in petroleum coke and coarse dust, said sources familiar with plant operations. Total and the worker's employer, Kinder Morgan Inc, both confirmed the...

  • Sept 3- Mining equipment maker Joy Global Inc, which gets about 60 percent of its revenue from coal miners, reported a 37 percent fall in quarterly profit and cut its full-year forecast as customers cut spending due to weak prices. Joy Global has cut jobs and lowered production among other measure to try to adapt to the slowing demand that has led to company's...

  • Sept 3- Mining equipment maker Joy Global Inc, which gets about 60 percent of its revenue from coal miners, reported a 37 percent fall in quarterly profit as customers cut spending due to weak prices. The company's net income fell to $44.9 million, or 46 cents per share, in the third quarter ended July 31, from $71.3 million, or 71 cents per share, a year earlier.

  • BEIJING, Aug 30- Major Chinese construction machinery maker Zoomlion Heavy Industry Science and Technology Co Ltd swung to a net loss in the first half amid a sustained downturn of the domestic market. In January-June, Zoomlion booked a 309.8 million yuan net loss, in line with its own forecast of 300- 380 million yuan, according to a stock exchange filing on Sunday.

  • BEIJING, Aug 30- Major Chinese construction machinery maker Sany Heavy Industry Co Ltd on Sunday reported a 75.6 percent fall in its first half earnings amid a sustained downturn of the domestic market. Encouraged to expand after Beijing fired up a $644 billion stimulus package in 2008, Chinese heavy equipment makers are stuck with a glut of unsold equipment,...

  • Aug 27- Heavy machinery manufacturer Caterpillar Inc said it plans a new round of layoffs to cut costs as declining revenues from global mining and construction activities erodes its bottom line. Caterpillar has let go about 4,800 employees over the past year and has cut 20,000 full-time employees worldwide since 2012, more than 10 percent of its global...

  • Aug 21- Deere& Co reported that third-quarter profit tumbled 40 percent on weak demand for agricultural equipment and a stronger dollar, and gave a bleaker forecast for fourth-quarter equipment sales, sending shares sliding more than 8 percent. Farm and turf equipment sales, which account for more than two-thirds of total revenue, fell 24 percent to $5.31...

  • Aug 21- Deere& Co reported that third-quarter profit tumbled 40 percent on weak demand for agricultural equipment and a stronger dollar, and gave a bleaker forecast for fourth-quarter equipment sales, sending shares sliding more than 8 percent. Farm and turf equipment sales, which account for more than two-thirds of total revenue, fell 24 percent to $5.31...

  • Aug 21- Deere& Co on Friday reported that third-quarter profit tumbled 40 percent on weak demand for agricultural equipment, overall lower shipment volumes and a stronger dollar, and gave a bleaker forecast for fourth-quarter sales. "John Deere's third-quarter results reflected the continuing impact of the downturn in the farm economy as well as lower demand...

  • Aug 21- Deere& Co, the maker of John Deere tractors, reported a 40 percent fall in quarterly profit, hurt by weak demand for its agriculture equipment. Net income attributable to Deere fell to $511.6 million, or $1.53 per share, in the third quarter ended July 31 from $850.7 million, or $2.33 per share, a year earlier. Deere's farm and turf equipment sales, which account...

  • UPDATE 1-Greece halts activity at Canadian-run gold mine Wednesday, 19 Aug 2015 | 10:36 AM ET

    ATHENS, Aug 19- Greece has suspended the mining operations of Canada's Eldorado Gold in northern Greece, saying the company violated contract terms, in a setback to one of the top foreign investment projects in the country. The $1 billion project is considered a test case for Greece's ability to attract foreign investment to help revive its economy, but has been...

  • Japan machinery orders will be a non-event: CIBC Sunday, 17 May 2015 | 7:54 PM ET
    Japan machinery orders will be a non-event: CIBC

    Patrick Bennett, FX strategist at CIBC, explains why Japanese markets will have a fairly muted reaction to Monday's machinery orders data and discusses the recent movements in dollar-yen.

  • Japan's machinery orders recover in March Sunday, 17 May 2015 | 7:53 PM ET

    Japan's machinery orders rose 2.9 percent on month in March, slightly better than the 1.8 percent forecast from a Reuters poll of economists.

  • Is your kid playing with your capex? Thursday, 14 May 2015 | 7:02 PM ET

    Companies – even new ones – appear to be skipping out on capex, but that spending may just not get counted because your kid is playing with it, UBS said.