By Laurie Chen BEIJING (Reuters) – Applied maths graduate Liang Huaxiao tried to land a job with one of China’s tech giants for two years. Then she tried customer service and sales. Then she applied for assistant roles in a bakery and in a beauty parlour. Like a rising number of her highly educated peers,…
BEIJING (Reuters) -China’s factory activity unexpectedly swung to growth in May from decline, a private sector survey showed on Thursday, driven by improved production and demand, helping struggling firms that have been hit by slumping profits. The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) rose to 50.9 in May from 49.5 in April, above the…
SYDNEY (Reuters) – Australian business investment rose to a seven-year high in the first quarter, helped by a jump in spending on mining, manufacturing and transport, while firms affirmed plans for solid spending in the year ahead. Data from the Australian Bureau of Statistics on Thursday showed private capital spending climbed a real 2.4% in…
By Tetsushi Kajimoto TOKYO (Reuters) – Japanese companies raised spending on plant and equipment in January-March at the fastest rate since 2015, with a stronger-than-expected showing by manufacturers signalling a possible upward revision to first-quarter economic growth. Capital spending has been a bright spot for Japan’s economy, the world’s third largest, which emerged from a…
By Jihoon Lee SEOUL (Reuters) -South Korea’s exports fell for an eighth straight month in May in annual terms, but the pace was slower than expected with signs that the worst had passed for chip and China-bound shipments. Overseas sales by Asia’s fourth-largest economy fell 15.2% year-on-year to $52.24 billion in May, trade ministry data…
TAIPEI (Reuters) -Taiwan and the United States will sign the first deal under a new trade talks framework on Thursday, both governments said, boosting ties between the two at a time of heightened tensions with China over the democratically-governed island. Taiwan and the United States started talks under what is called the U.S.-Taiwan Initiative on…
SEOUL (Reuters) – South Korea’s factory activity shrank for an 11th consecutive month in May, slumping into its longest downtrend in 14 years, a survey showed on Thursday, as a slowing global economy hit output and orders and ratcheted up pressure on manufacturers. The S&P Global’s seasonally adjusted purchasing managers’ index (PMI) for South Korean…
TOKYO – Japan’s factory activity expanded in May for the first time in seven months thanks to increases in output and new orders and buoyed by a positive outlook for the year ahead, a private sector survey showed on Thursday. The final au Jibun Bank Japan manufacturing purchasing managers’ index stood at 50.6, its first…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc has doubled discounts on some already made new Model 3 electric cars and offered discounts on the Model Y and others in its U.S. inventory to entice buyers amid economic uncertainty, rising competition and the upcoming redesign of its mainstay model. In California, a Model 3…
By David Kirton SHENZHEN, China (Reuters) – For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder. Before 2019, there were few major impediments to having a Chinese company that did business in the U.S. from China. But amid escalating U.S.-Sino trade tensions, particularly after Washington slapped sanctions on telecom giant…
