CHARLOTTETOWN, Prince Edward Island, Dec 15- For years, heavy equipment operator Ashley Underhill has tried to defy the notion that one could only make a good living in Canada's poorer east coast by spending most of the time away from the family in the nation's western oil patch. "People are really scrounging out here in the Maritimes, looking for work," said...
Japan's October core machinery orders rose for the first time in three months to beat expectations.
*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...
The authorities are likely to be comfortable with the current level of the Japanese yen, says Nomura's Takashi Miwa.
Dec 1- Caterpillar Inc, the world's largest construction and mining equipment maker, said Wall Street's earnings expectations for 2017 were "too optimistic" as oil prices continued to remained volatile. Analysts on average were expecting 2017 earnings of $3.25 per share and revenue of $38 billion, according to Thomson Reuters I/B/E/S. For 2016, the company had...
Dec 1- Cummins Inc, a U.S. manufacturer of engines for large trucks, is preparing to explore the sale of a business that makes filters and coolants, potentially valuing it at more than $1.5 billion, according to people familiar with the matter. The move comes as weak heavy-duty truck production in North America and poor global demand for power generation equipment...
Japan's core machinery orders fell 2.2 percent in August from the previous month, in a sign of fragility in capital expenditure.
Japanese companies have been making record profits but capital expenditure remains weak, says Japan Macro Advisors' Takuji Okubo.
The “Fast Money” traders and Stephanie Link, TIAA Global Asset Management, discuss the trade on Caterpillar following Goldman Sachs' call to upgrade the stock to buy.
Japan's core machinery orders rose 8.3 percent in June from the previous month, in a sign that capital expenditure was starting to recover.
Brett King, Moven Founder & CEO and "Augmented: Life in the Smart Lane" author, discusses the future of artificial intelligence and automation in the workforce.
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.
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.