Manufacturing in the UK Eases to a 2-Month Low. Employment on a Record High
(IHS Markit) UK Composite Output Index eased to an expansion of 61.7 in June, down from a record 62.9 in May. Service Business Activity index also eased to a 2-month…
(IHS Markit) UK Composite Output Index eased to an expansion of 61.7 in June, down from a record 62.9 in May. Service Business Activity index also eased to a 2-month…
(Bloomberg) Aluminum year-to-date performance outshined copper, with a 21% gain compared to copper’s 18%. Both aluminum and copper have been struck by attempts by China to suppress price inflation in…
(3D Systems) 3D Systems has partnered with CollPlant Biotechnologies to develop a 3D bioprinted regenerative soft tissue matrix to be used in breast reconstruction procedures. The soft tissue matrix will…
(Coindesk) Financial services firms PayPal Holdings Inc. and Visa Inc. have joined Blockchain Capital's $300-million venture fund as limited partners. As limited partners, both firms will have an outside manager…
(GlobalFoundries) GF is partnering with Singapore Economic Development Board, committing more than $4 billion investment to meet the expanding demand for manufacturing technologies and services to help firms globally to…
(SEMI) North America headquartered Semiconductor equipment manufacturers posted a three-month average of $3.59 billion billings globally in May. The figure is 4.7% more than April’s $3.43 billion this year, and…
(WSJ) Credit Suisse has ended a long-term lending relationship with SoftBank Group and its CEO Masayoshi Son. The decision for the two institutions to slash lending relationships is due to…
(Plug Power) Plug Power revenues for the first quarter of 2021 grew by 76% from the comparable quarter of last year to hit $72.0 million. Plug Power’s gross billings rose…
(Bloomberg) Tesla Inc. has unveiled a 5,000 kilometer or 3,100-mile supercharging route in China, with 27 electric-car charging stations along the stretch. Tesla unveiled the supercharging route, which it claims…
Japan’s Nikkei 225 led its Asia-Pacific stocks in Tuesday's jump after surging by 3.12% at 28,884.13. The jump followed a tumble of more than 3% on Monday. Japan’s Topix index…
(Bloomberg) Fed’s Chair Jerome Powell expects the central bank to achieve the 2% inflation target once supply constraints subside. Powell acknowledges the uptick in inflation in recent months, a factor…
Bitcoin traded at $33,000 level after surging about 4.50% on Tuesday, a day after the digital token experienced sell-offs, plunging at least 10%. Bitcoin’s Monday sell offs were fueled by…