Business Aug 1, 2018

China's steelmakers seen smashing output records despite mill closures

China's steelmakers are smashing production records by pushing furnaces beyond their typical limits, offsetting nationwide closures that may be even more swingeing than government estimates, according to Goldman Sachs Group Inc. The world's top producer has trumpeted sweeping reforms in the past two years that ...

Business / Economy Oct 14, 2015

Economic assessment cut in October on weak production

The government on Wednesday downgraded its basic assessment of the economy as production weakens amid a slowdown in China and other emerging markets. The world's third-largest economy is "on a moderate recovery, while weakness can be seen in some areas," the Cabinet Office said in ...

Business / Corporate Jul 24, 2015

Mitsubishi Motors to end U.S. car production: sources

Mitsubishi Motors Corp. has decided to withdraw from vehicle production in the United States as part of its efforts to focus more on growing Asian markets, sources said Friday. The Tokyo-based automaker plans to sell its plant in Illinois, where the company currently manufactures about ...

Output rises most in eight months as Abe mulls tax hike

Business / Economy Oct 29, 2014

Output rises most in eight months as Abe mulls tax hike

Japan's industrial output rose a stronger than expected 2.7 percent in September from the month before, government data showed Wednesday, signaling that demand may be starting to recover from the dent caused by April's tax hike. After a 1.9 percent fall in August, the seasonally ...