Manufacturing sector performance

Manufacturing sector performance

• Oil sinks to near $92 on China manufacturing data

  The price of oil dropped to near $92 a barrel on Wednesday after data showed a slowdown in China's manufacturing growth and a rise in U.S. 

• Asia stocks mixed after US durable goods falls

  Asian stocks rose Thursday as mixed U.S. corporate earnings and a slump in orders for U.S. durable goods convinced investors that central banks would ... 

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  European recession hits major car makers

  Europe's stubborn recession cut deeply into profits at major automakers Ford, Volkswagen and Daimler, first-quarter results showed Wednesday as the ... 

• Daimler profits slide in Q1 on European struggles

  Daimler AG warned Wednesday that profits this year would be lower than last year's as it reported a 60 percent slide in first-quarter earnings amid ... 

• German industry pay offer short of union demand

  Employers in Germany's key manufacturing sector on Friday offered a pay increase that fell well short of a union's call for a 5.5 percent raise for ... 

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  European car sales plummet, even in solid Germany

  Europe's auto market is in freefall. Once the motor for Europe's economy, the car industry has fallen victim to the region's widening recession and ... 

• Oil rises on auspicious US economic data

  The price of oil climbed to near $96 a barrel Tuesday after fresh data from the U.S. suggested the world's largest economy keeps recovering. By early ... 

• Pound drops amid concerns about UK economy

  The pound has hit a two-and-a-half-year low against the dollar on fears that weak manufacturing data would push Britain's central bank to inject ... 

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  Peugeot Citroen posts $6.7 billion loss for 2012

  PSA Peugeot Citroen posted a record €5 billion ($6.7 billion) loss last year after Europe's cratering car market forced France's largest automaker to ... 

• German factory orders increase in December

  German industrial orders increased in December, suggesting business is beginning to pick up in Europe's largest economy. The Economy Ministry said ... 

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  Signs of firm US recovery trigger market gains

  Evidence that the U.S. economic recovery is firmly on track drove markets higher on Friday, adding to the cheer from good economic indicators out of ... 

• Rare good news for eurozone economy

  Mention it quietly, but there were rare hopeful signs for Europe's struggling economy on Friday. Three pieces of economic news for the 17 European ... 

• UK recession fears grow as manufacturing drops

  Concern is growing that the British economy may be headed back into recession after statistics released Friday showed a surprise drop in manufacturing ... 

• Spain car sales plunge 13.4 percent in 2012

  Spain's three main automobile associations say new car sales in the recession-strapped country plunged 13.4 percent in 2012 from the year before. 

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  Stocks fluctuate amid China data, US budget talks

  World markets were cautious on Friday as concerns over ongoing U.S. budget talks offset the impact of survey showing China's manufacturing production ...