Worldwide: Toyota Motor Corp has cut its projections for North American sales by 60,000 vehicles this fiscal year for the first time. Nissan Motor Co also reported a 43 percent drop in quarterly operating profit.
Read more...Indonesia: With an improved 122 points in the consumer confidence index, Indonesia was the third most confident nation in the world after the India and Philippines in the third quarter of 2016, according to Nielson.
Read more...Vientiane, Laos: Three contracts have been awarded to China Railway Group subsidiaries for civil works on the first three sections of the Boten-Vientiane railway.
Read more...The Automotive Industry Action Group (AIAG) has included mentions on corporate ethics for the first time. The industry’s most widely used international standard for quality management — previously named ISO/TS 16949 — has been revised by the International Automotive Task Force (IATF) will be and will be replaced by IATF 16949.
Read more...Thai Nguyen Iron and Steel Corporation (Tisco) earned a profit of more than VND208 billion (US$9.28 million) after taxes in the first nine months of 2016.
Read more...China's Caixin manufacturing PMI soared to 51.2, a full point above the expected 50.2, and followed the semi-official China Federation of Logistics & Purchasing (CFLP) manufacturing PMI for October also at 51.2, data released on Tuesday showed, beating an expected 50.4, as the CFLP non-manufacturing PMI rose to 54.0 from 53.7 in the previous month.
Read more...First quarter earnings at Kennametal (KMT) won a thumbs up from equity brokerage Jefferies as room to cut head count and costs further presents further upside for cash flows.
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Swedish mining gear and tool maker Sandvik was lauded for solid operational execution in Q3, but French bank and financial services firm Société Générale kept a sales recommendation as the outlook for Machining Solutions appears flat as global industrial production remains tepid.
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UK-based precision engineering firm Renishaw has opened a new "significantly" larger facility for its Taiwan subsidiary in the Taichung City Precision Machinery Innovation Technology Park.
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Basic materials demand in China's industrial sector showed end-demand is "fairly stable," Credit Suisse analysts said in an Oct. 24 report, even suggesting "a slight improvement above normal seasonality.
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