U.S. producer prices recorded their biggest drop in more than five years in January as the cost of energy and a range of other goods tumbled, hinting at a disinflationary trend that could argue against the Federal Reserve raising interest rates.
manufacturing
Foreign direct investment (FDI) in China grew at its strongest pace in nearly four years in January, surging 29.4 percent from a year earlier to $13.9 billion as investors largely shunned the troubled manufacturing sector and focused on the more resilient services industry.
China's factory growth likely inched up from a 1-1/2-year low in January, helped by a slight pick-up in momentum the previous month, but the bounce is not expected to last due to unsteady exports and slowing investment, a Reuters poll showed.
British industrial output unexpectedly fell in October as manufacturing was dragged down by a sharp fall in production of electronic products following a strong September.
China's services sector grew slightly faster in November, two surveys showed on Wednesday, a welcome respite to a run of underwhelming data but still unlikely to allay concerns about the softening Chinese economy.
The U.S. economy grew at a much faster pace than initially thought in the third quarter, pointing to strengthening fundamentals that should help it weather slowing global demand.
China's year-to-date foreign direct investment inflows declined for a third month in September, indicating investors remained cautious amid a further slowdown in the world's second-largest economy.
Factory activity in Europe and Asia cooled in August after a strong July, as new orders dwindled in the face of escalating tensions in Ukraine and a patchy recovery in China, purchasing managers indexes showed.
General Electric Healthcare India would be creating cost effective equipment to address global demands.
Peugeot weighing options between a cost cutting partnership with GM or an expansion push with Dongfeng.
China's PMI showed growth in July, offering hope that the country's economy is recovering.
Bangladesh dubbed as king in the knitwear manufacturing and exporting industry.
Hancock Park Associates and Next Point Capital bought Sheffield Manufacturing, a company focused in the aerospace industry.
The Chinese smartphone industry boosted the production of chips in Korea, making investors in the industry in charge of the market.
Global shares gained after the metal industry and the yen weakened.
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