The results of a private survey released on Wednesday showed that China’s manufacturing activity expanded and exceeded expectations in June, reaching its highest level since December 2019. The Caixin / Markit Manufacturing Purchasing Manager ratio reached 51.2. Economists polled by Reuters had expected 50.5, compared to 50.7 in May. PMI …
Read More »China Vows “Countermeasures” for US Ban on Military Exports to Hong Kong As Controversial New Security Law Passes
Beijing – China said Tuesday that it will retaliate after the United States announced that it was ending the export of sensitive military items to Hong Kong in response to Beijing imposing a controversial national security law on the semi-autonomous city. China’s rubber stamp parliament formally approved the general law …
Read More »China says its manufacturing activity expanded in June, but headwinds remain
China said Tuesday that manufacturing activity expanded in June with the Purchasing Manager’s official index reaching 50.9. Economists polled by Reuters expected the official manufacturing PMI number to hit 50.4. PMI readings above 50 indicate expansion, while those below this level indicate contraction. In May, the official manufacturing PMI reached …
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Facebook (full board) – Get report He was hit on Friday, dropping more than 8%. On Monday, selling pressure continued, with shares falling around 1%, although the bulls were able to offer stocks above the lows thus far. The widest decline in the market in recent sessions has not helped …
Read More »The FAA begins test flights of the Boeing 737 Max, a milestone after the accidents
A Boeing 737 MAX 8 aircraft takes off from Renton Municipal Airport near the company’s factory on March 22, 2019 in Renton, Washington. Stephen Brashear | fake pictures The Federal Aviation Administration began certification flights for the Boeing 737 Max on Monday, a key step in allowing the planes to …
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