China’s factory activity shrinks at sharper pace, services weaken as risks grow
Factory activity in China shrank for the sixth straight month in October and by more than expected, while service sector growth eased as firms grapple with the weakest economic growth in nearly 30 years.
Samsung flags smartphone profit fall, upbeat on chips
Samsung Electronics warned of a smaller mobile business profit on Thursday as its rival Apple gave a positive iPhone sales outlook, dampening hopes new models will help the world’s largest smartphone vendor finally get back on a growth track.
Boeing says up to 50 planes grounded globally over cracks: AFP
Boeing has grounded up to 50 planes globally over cracks, Agence France Presse https://bit.ly/3238KJC news agency reported on Thursday.
Chile’s APEC cancellation creates hurdle for U.S.-China trade deal
Leaders from the United States and China encountered a new obstacle in their struggle to end a damaging trade war on Wednesday, when the summit where they were supposed to meet was canceled because of violent protests.
Airbus A220 engines pass engine checks after recent failures
Airlines have completed one round of checks triggered by engine failures on the Airbus A220 and have found no faults, an executive at engine maker Pratt & Whitney said on Thursday.
Bombardier in advanced talks to sell three plants to Spirit AeroSystems for over $1 bilion: sources
Canada’s Bombardier is in advanced talks to sell three facilities, including its Belfast wing-making plant, to Spirit AeroSystems for more than $1 billion in cash and assumed liabilities, two sources familiar with the matter told Reuters on Thursday….
Asian stocks rally after Fed rate cut, BOJ keeps policy steady
Asian shares jumped on Thursday to a three-month high and the dollar fell broadly after the Federal Reserve cut interest rates as expected and U.S. Treasury yields declined.
In record deal, U.S. to recover $1 billion from Malaysian fugitive Jho Low
The U.S. Justice Department has struck a deal to recoup $1 billion in funds allegedly looted from a Malaysian state investment fund by fugitive financier Jho Low, in a record capture for a U.S. anti-corruption probe.
China officials optimistic for trade deal with U.S. despite APEC setback
Chinese officials voiced optimism that Beijing and Washington can find a way to clinch the so-called Phase One trade deal next month, despite the abrupt cancellation of the summit where the heads of state were to meet to formally sign the deal.
China says to proceed with trade negotiations with U.S. as planned
China’s commerce ministry said on Thursday that Beijing and Washington will proceed with the bilateral trade negotiations according to plan and that the talks are progressing well.
