Lingling workers at a factory in Lianyang, Jiangsu Province, China. Stringer | AFP | Getty Images China said Monday that manufacturing activity rose for the ninth straight month in November as the world’s second-largest economy emerged from a recession caused by the coronavirus epidemic. The Manufacturing Facial Manufacturing Purchasing Managers’ …
Read More »European stocks are set to open lower as investors digest vaccine news
European stocks will come lower on Friday, with investors keeping an eye on vaccine news and the latest Chinese data. The UK’s FTSE is set to stabilize at 6,342, down 20 points, with France’s CAC dropping 33 points, the A6060 and Germany’s DX33 sinking 33 points, according to IG. Wall …
Read More »Top Glove became the center of Kovid revival in Malaysia
SINGAPORE – Top manufacturing, the world’s largest medical glove manufacturer, has shut down 20 manufacturing sites in Malaysia after thousands of workers tested positive for Covid-19. As of Wednesday, a total of 2,684 top glove employees – most of them foreign workers – had tested positive, local media quoted senior …
Read More »European stock futures US political certainty, rising on vaccines
LONDON – European stocks traded higher on Wednesday as rising political certainty in the US and news of a sensible coronavirus vaccine boosted global sentiment. The Pan-European Stocks 600 Index traded up 1% higher with most of the positive sectors except insurance, auto, basic resources and chemicals. News of a …
Read More »Singapore publishes third quarter 2020 GDP, economic data
A man in a mask walks in the background on April 1, 2020, walking on Marina Bay Sands in Singapore’s Central Business District. Suhaimi Abdullah | Getty Images SINGAPORE – Singapore’s economy contracted 8.8 percent in the third quarter from a year earlier – better than initial estimates, the country’s …
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