Manufacturing activity in China fell slightly in February, according to a provisional index released Wednesday by the bank HSBC, which believes that the risks to growth in the second world economy have strengthened. The PMI purchasing managers settled temporarily at 49.7, against 48.8 in January. It is the smallest contraction in industrial activity in China in… Continue reading China: slight contraction in manufacturing activity
U.S. President Barack Obama Monday unveiled a 2013 budget with a strong electoral combining tax increases for the rich and infrastructure investments, nine months before seeking a new four-year lease at the White House. In line with his speech on the state of the Union Jan. 24, when the president wished the Congress face an economy… Continue reading Obama unveiled a budget with a tax increase for the rich
It plays hard between CN and CP, while the former president of CN, Hunter Harrison, is ready to leave his retirement to put himself at the head of the enemy. Faced with the threat, Canadian National has to stop paying the pension of $ 1.5 million per year of Mr. Harrison, as well as certain other… Continue reading CN: Hunter Harrison and death row
It’s the end of an era. The two bosses of Research in Motion, Mike Lazaridis and Jim Balsillie, withdrew from the management on a daily basis. This is what many shareholders were demanding, disappointed by the performance of RIM, which has become increasingly difficult to compete with Apple and manufacturers of smart phones based on Android… Continue reading Veteran RIM, a mission impossible?
Talks resume between White Birch and the unionized plant Stadacona in the hopes of coming to an agreement that would keep the unity of Quebec skinning less employees and retirees. Difficulty: the solution does not seem able to pass by an additional reinvestment. This story is not without flinching. Workers who have accumulated a lifelong… Continue reading Stadacona: no longer speak to trade unionists, but capitalists
Rumors continue to circulate for sale and the title of Research in Motion (RIM) gained 5% in Toronto Tuesday and 8% on the Nasdaq.RIM is particularly associated with Samsung, Microsoft and Facebook.Comments from four research reports Wednesday:Peter Misek, Jefferies: “I believe that the articles suggest that RIM talks with Samsung are probably true. However, although… Continue reading What is said about the rumors at RIM?
The promise of home sales in the U.S. rose 7.3% in November, more than expected by the consensus, according to the National Association of Realtors (NAR).The NAR said the index had not reached a level so important for 19 months, in April 2010, at which time it was 111.5.The index has risen from 93.3 in… Continue reading United States: the promise of home sales at the highest
The index of the promises of home sales rose 7.3% to 100.1 in November in the United States. This is the highest level in 19 months. Economists polled by Reuters had forecast a rise of only 0.6%.
Italy, again under pressure from the markets these days, managed to refinance a portion of Wednesday’s massive debt at rates much lower than before, good news for the government Monti, who after an austerity wants boost growth.The Italian Treasury has set for 9 billion euros of debt securities over six months at a rate of… Continue reading Debt: sign of relief in Italy after a bond test
The index of regional manufacturing activity came out of Richmond on the positive 3 months past 6 against consensus and zero reported a month earlier.