Topic: China
SINGAPORE/BEIJING (Reuters) - Business sentiment among Asia's top companies slid in the fourth quarter to its lowest in two years, with executives rattled by rising costs and fears over where the global economy is heading.The Reuters Asia Corporate Sentiment Index fell to ...
BEIJING (Reuters) - A broad and bruising downturn is sweeping through China's giant manufacturing sector, ensnaring thousands of factories already fighting for survival in the face of plunging profit margins.While the misery has not yet reached levels seen in 2008 when global ...
FRANKFURT (Reuters) - Bayer expects to see falling profit margins in drugs and plastics as the euro debt crisis sends tremors through economy, chief executive Marijn Dekkers told a German newspaper."There is an increasing trend towards cost-cutting on medicines, so the debt ...
DANGCHENG, China (Reuters) - Mournful ancient Roman lovers, a boy Mozart and half a dozen angels lie in weeds behind the padlocked gates of an abandoned sculpture workshop in Dangcheng town, victims of economic waves rippling across the world to this corner ...
China will further relax credit restrictions next year as the world's second largest economy slows and exports decline due to woes in Europe and the United States, according to a state-run think tank.Gross domestic product is expected to expand 8.9 percent next ...
China pledged support Tuesday for European action on the sovereign debt crisis and expressed hopes that an EU summit this week can help stabilise markets and stop it from spreading."The Chinese side will continue to support the building of a unified Europe ...
Manufacturing activity across Asia weakened in November as the worsening economic crises in Europe and the United States sapped demand for the export-driven region's shipments, data showed Thursday.Exports are the growth engine for many Asian economies, including China, and a deterioration in ...
Morgan Stanley further slashed its growth forecasts for Asia next year due to increasing risks from the debt crisis in Europe and weakening domestic demand.Asia excluding Japan is now expected to grow 6.9 percent instead of its previous estimate of 7.3 percent, ...
China's manufacturing heartland has been hit by large-scale strikes in recent weeks, as an increasingly demanding workforce faces off with employers struggling with high costs and falling exports.Thousands of workers in factories in the southern province of Guangdong have gone on strike ...
BEIJING (Reuters) - China's factory sector shrank the most in 32 months in November on signs of domestic economic weakness, a preliminary PMI survey showed, reviving worries that China may be slipping toward a hard landing and fuelling fears of a global ...
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