Consumer spending jumped in July as retail sales were up 1%, much better than expected
Consumer spending held up even better than expected in July as inflation pressures showed more signs of easing, the Commerce Department reported Thursday.
Manufacturing asian news
Foxconn Is Building an Electric Car Factory Next to Where It Makes iPhones
The core of Foxconn’s business is in Zhengzhou, the capital of Henan province in central China, known as “iPhone City.” That’s where a network of suppliers, infrastructure and factories, and sometimes as many as 250,000 Foxconn employees, manufacture most of the world’s iPhones for Apple.
Indonesia to produce 90% of Japan's Iseki farm machines for export
TOKYO -- Japanese farm equipment maker Iseki & Co. plans to have Indonesia manufacture 90% of products bound for overseas markets by 2030, shifting capacity away from Japan where labor and demand have shrunk steeply in the agricultural sector.
‘Huge potential’: India Ola Electric’s stock market debut sparks hopes of EV expansion
India’s Ola Electric has made a strong stock market debut, driven by investor enthusiasm for the company’s ambitious plans to dominate the global electric two-wheeler market, but analysts warn supply-chain issues and stiff competition may present roadblocks.
Asia-Pacific markets mixed as RBNZ cuts cash rate; Nikkei rises as Kishida to step down in September
Asia-Pacific markets were mixed on Wednesday as the Reserve Bank of New Zealand cut benchmark lending rates and Japan's Prime Minister Fumio Kishida announced that he would step down in September.
Amid ‘tsunami’ of Chinese imports, dumping fears, Thailand seeks to curb online sales
Thailand plans to limit online sales of foreign goods as Chinese imports come under closer scrutiny across a region that’s feeling an increasing impact from cheap items flooding the market and hurting local manufacturers.
Mercedes-Benz Korea reveals battery supplier list to calm anger, fears over EV fire
The August 1 fire damaged hundreds of vehicles and created a national panic, with car parks across South Korea imposing a wave of ad hoc restrictions amid growing calls for transparency on battery supply chains.