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...The company this month resumed a redundancy process that it briefly halted at the turn of the year when it believed a government order was close....
...Chinese companies, offering tech from conveyor belts and motors to advanced manufacturing robots, are also expanding rapidly in their home country, which is the world’s largest market for the sector....
...The country’s benchmark Kospi climbed 1.6 per cent, with Histeel — a steel pipe manufacturing company — leading gains....
...The private Caixin manufacturing PMI is also due to be published. Japan announces its February manufacturing PMI and employment data for January....
...The US has alleged that China is filling an important gap in Russian industry created by western sanctions by selling dual-use products that can serve in arms manufacturing....
...Trip.com, a mainland travel booking company, rose 9.2 per cent....
...The decision is expected to lead to up to 2,800 job losses across the company’s heavily lossmaking UK operation, which employs about 8,000 people....
...Train companies are technically in charge of making rolling stock orders, but their budgets for these are set by the government....
...US carmakers including Ford, General Motors and Tesla have all recently paused plans to expand EV manufacturing capacity....
...Manufacturing employment is also a cause for concern....
...The country’s benchmark Kospi rose 1.2 per cent on Monday, with semiconductor company Uniquest’s shares surging 20 per cent....
...Earnings: Robotics manufacturer Keyence, telecommunications operator KDDI and trading company Mitsui & Co announce results....
...Taiwan Semiconductor Manufacturing Company releases monthly sales figures for January....
...Equities in Hong Kong outperformed their peers in Asia on Monday as Chinese technology companies listed in the territory registered strong gains....
...Apple’s shift in iPhone manufacturing from China to India is happening faster than many sceptics (Trade Secrets included) thought....
...German Chancellor Olaf Scholz is due to visit China next week and expected to call on his counterparts to break down barriers for foreign companies in areas such as government procurement....
...Earnings: Asian companies with results due include Sumitomo Mitsui Financial Group, Chugai Pharmaceutical and Adani Enterprises....
...“It is always inevitable that Hong Kong would contract as a port,” said Tim Huxley, chair of Hong Kong-based shipping investment company Mandarin Shipping. “Manufacturing moved elsewhere....
...William Sandlund...
...Yields on 10-year Treasuries rose following better than expected manufacturing and services data....
...Taiwan Semiconductor Manufacturing Co reported stronger than expected profits in its fourth quarter results on Thursday....
...New orders increased, export demand grew and companies’ outlooks for 2024 improved....
...Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, on Thursday forecast a recovery in chip demand in 2024....
...US Steel, which is a symbol of US manufacturing prowess, has plants in Pennsylvania and Michigan, two states Biden is likely to need to win to retain the presidency in November’s election....
...It intends to replace existing manufacturing processes with an electric arc furnace, which makes steel from scrap and requires a much smaller workforce....
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