Japan’s November manufacturing PMI rose to 48.7, signaling a slower pace of contraction, as production declines eased and business confidence improved, though demand remained weak and cost pressures intensified.
#YonhapInfomax #Japan #ManufacturingPMI #SPGlobal #ProductionDecline #YenExchangeRate #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=93282
Japan November Manufacturing PMI at 48.7—Production Decline Narrows but Sector Remains Weak
Japan's manufacturing sector remains subdued as the November PMI registers 48.7, signaling ongoing contraction despite a slower pace of production decline.
Rivian Automotive Inc., a major Tesla rival, reported a 23% drop in Q2 vehicle deliveries and a sharp production decline, mirroring Tesla's own weak results as the EV industry faces demand headwinds and policy uncertainty.
#YonhapInfomax #Rivian #Tesla #Q2Deliveries #ElectricVehicle #ProductionDecline #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=70605
Rivian, Tesla Rival, Also Reports Decline in Q2 Vehicle Deliveries
Rivian Automotive Inc., a major Tesla rival, reported a 23% drop in Q2 vehicle deliveries and a sharp production decline, mirroring Tesla's own weak results as the EV industry faces demand headwinds and policy uncertainty.
Severe Demand Slump—Hyundai Steel Shuts Down Pohang No.2 Plant Indefinitely
Hyundai Steel Co. has indefinitely suspended operations at its Pohang No.2 plant from June 7 due to a severe demand slump, reflecting ongoing challenges in South Korea's steel industry.
The US energy sector is reducing drilling activity for the fourth straight week, hitting the lowest rig count since November 2021, despite President Trump’s production boost pledge, as tariff-related demand concerns weigh on output and WTI prices.
#YonhapInfomax #USEnergy #BakerHughes #RigCount #WTI #ProductionDecline #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=64629
[Global Chart]US Energy Sector Moves Contrary to Trump’s ‘Production Boost’ Pledge
The US energy sector is reducing drilling activity for the fourth straight week, hitting the lowest rig count since November 2021, despite President Trump’s production boost pledge, as tariff-related demand concerns weigh on output and WTI prices.
Yonhap Infomax News