Industry News
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China’s machinery industry is stepping up its “going global” campaign
Xu Niansha, president of China Machinery Industry Federation, disclosed on Friday that from 2012 to 2021, the import and export trade scale of China machinery industry has been jumping, the total import and export trade volume increased from 647.22 billion US dollars in 2012 to 1038.658 billion ...Read more -
Sterling’s Wild Ride
A confluence of events keeps the currency from ending its fall. Recently, the pound has plunged to levels not seen against the dollar since the mid-1980s, following the announcement of £45 billion in unfunded tax cuts by the UK government. At one point, sterling hit a 35-year low of 1.03 against ...Read more -
Rising Recession Risk
Central bank rate-hiking may bring on a recession, unemployment and debt defaults. Some say that’s just the price of suppressing inflation. Just when the world economy seemed to be emerging from the worst of last summer’s pandemic-induced recession, signs of inflation started to appear. In Februa...Read more -
Beg, Sell Or Borrow
The first twinges of a credit crunch are hitting companies at the lower end of the corporate food chain. Beef up before the squeeze intensifies. The days of easy, cheap financing are over. A perfect storm of rising interest rates, wider credit spreads amid economic turmoil and central bank quanti...Read more -
Seeking Insights At SIBOS: Day 1
Sibos participants cited regulatory obstacles, skills gaps, outdated ways of working, legacy technologies and core systems, difficulties extracting and analyzing customer data as hurdles to the bold plans for digital transformation. During a busy first day of being back at Sibos, the relief at re...Read more -
Dollar Rises To Euro’s Height
Russia’s war in Ukraine has led to a spike in energy prices that Europe can ill afford. For the first time in 20 years, the euro reached parity with the US dollar, losing about 12% from the start of the year. A one-to-one exchange rate between the two currencies was last seen in December 20...Read more -
Digital Payment Methods Are Brazil’s Newest Export
The country’s originals, Pix and Ebanx, could soon hit markets as diverse as Canada, Colombia and Nigeria—with many others on the horizon. After taking their domestic market by storm, digital payment offerings are on track to become one of Brazil’s leading technology exports. The country’s origi...Read more -
Anti-ESG Investing Comes With A Cost
The growing popularity of ESG investing has triggered a backlash in the other direction. There is growing vociferous resistance against companies with environmental, social and governance (ESG) investment strategies, under the presumption that such strategies harm local industries and deliver sub...Read more -
War and weather highlight the vulnerability of supplies critical to humanity’s future—especially food staples and the metals for renewable energy.
Human history sometimes shifts abruptly, sometimes subtly. The early 2020s look to be abrupt. Climate change has become an everyday reality, with unprecedented droughts, heat waves and floods that sweep the globe. Russia’s invasion of Ukraine broke nearly 80 years of respect for acknowledged bord...Read more -
The US bond market is usually quiet during the summer months but not this year
The summer months were unusually busy for the US bond market. August is generally quiet with investors away, but the past few weeks have been buzzing with deals. After a subdued first half—due to fears related to high inflation, rising interest rates and disappointing corporate earnings—big tech...Read more -
Economic operation of machine tool industry in Q1 2022
In the first quarter of 2022, the statistics of key contacting enterprises of China Machine Tool Industry Association show that the main indicators of the industry, such as operating revenue and total profits, have increased year-on-year, and exports have increased substantially. The ove...Read more -
World’s GDP Growth By Region 2022
World economic growth is slowing down and could result in a synchronized recession. Last October, the International Monetary Fund (IMF) predicted that the world economy would grow 4.9% in 2022. After almost two years marked by the pandemic, it was a welcome sign of a gradual return to normality. ...Read more