Japan's September factory activity shrinks at fastest pace in seven months amid China-U.S. trade war
Manufacturing activity shrank at the fastest pace in seven months in September, underscoring the broadening economic impact of the China-U.S. trade dispute and keeping policymakers under pressure to step up stimulus. The Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) slipped to a seasonally ...
A key U.S. factory gauge unexpectedly contracted for the first time since 2016, sending stocks and bond yields lower and boosting expectations for interest-rate cuts as global manufacturing woes deepen. The Institute for Supply Management's purchasing managers index fell to 49.1 in August, weaker than ...
Toyota group firms test out labor-saving prototype products at Gifu shopping mall
Major component-makers of the Toyota group have launched an experiment of letting consumers and shop staff try their products under development at a shopping mall in the city of Gifu. Osaka-based Jtekt Corp. and Aisin Seiki Co., based in Kariya, Aichi Prefecture, introduced products designed ...
Honda Motor Co. said Wednesday it will stop making cars in Argentina next year as part of efforts to streamline its production allocation worldwide. The automaker produced about 10,000 units of its HR-V sport utility vehicle and around 100,000 motorcycles at its plant in Campana, ...
India's parched 'Motor City' brings in drinking water by rail
Amid the green Yelagiri hills of southern India, the train inches along the tracks, carrying what has become precious cargo: drinking water bound for Chennai, India's parched Motor City. Demand for water in the manufacturing and IT hub on the Bay of Bengal far outstrips ...
Apple supplier Japan Display secures bailout after funding shortfall
Japan Display Inc. said Friday that it has secured its ¥80 billion ($740 million) bailout package with an extra capital injection from a Chinese fund. China's Harvest Tech Investment Management Co. notified Japan Display of the decision to raise its investment from $300 million to ...
No exit in sight from worst Japan-South Korea dispute in decades
Japan and South Korea say they're willing to meet over Tokyo's move to tighten regulations on vital tech exports to its neighbor, but neither has much political incentive to climb down from one of their worst economic disputes in decades. Decades of mistrust make it ...
South Korea steps up effort to get U.S. help in export row with Japan
Japan tightened measures last week on exports of three materials crucial for smartphone displays and chips, saying trust with South Korea had been broken.
Toyota to build new SUV rather than Corolla at Alabama plant
Toyota Motor Corp. said Wednesday it will build a new sport utility vehicle at a $1.6 billion joint venture assembly plant in Alabama rather than produce Corolla cars. Japan's top automaker announced in January 2018 it would build the factory in Alabama with Mazda Motor ...
Nintendo Co. is considering partially relocating the production of its Nintendo Switch video game console in China to Vietnam this summer, officials said Tuesday. The game maker apparently aims to diversify business risks amid lingering concerns that the United States may expand its tariffs on ...
Business sentiment at Japan's large manufacturers at three-year low, poll finds
Business confidence at big manufacturers in Japan likely worsened to an almost three-year low in the April-June quarter, as the U.S.-China trade war and weakening global demand hurt the export-reliant economy, a Reuters' poll found Friday. A deterioration in corporate sentiment will add to the ...
Sharp considers moving laptop computer production from China to Vietnam to avoid U.S. tariffs
Sharp Corp. is considering moving the group's production of laptops bound for the U.S. market from China to Vietnam, sources with knowledge of the matter have said. Laptop PCs are among items that would be affected by the planned fourth round of U.S. tariffs on ...
