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China’s manufacturing weak, showing zero growth in July
– canadianbusiness.com
BEIJING, China – China’s manufacturing recorded no growth in July, in a sign of weakness in the world’s second-largest economy, according to data released by an industry group on Saturday.
The Chinese Federation for Logistics and Purchasing reported that the country’s purchasing managers’ index dipped to 50 from June’s 50.2 on a 100-point scale, on which numbers above 50 show activity expanding,
The Chinese government has cut interest rates four times since November and launched mini-stimulus efforts to shore up economic growth that slowed to 7 per cent in the first quarter.
The preliminary Caixin Manufacturing PMI was 48.2, down by 1.2 from June, although the official index won’t be released until Monday. Caixin, a Chinese media group, provides financial news services.
Analyst Zhang Liqun said in the statement by the industry group that both overseas and domestic market demands were unstable and that factories lacked confidence as they reduced the stock of raw materials and were buying less…
The Chinese Federation for Logistics and Purchasing reported that the country’s purchasing managers’ index dipped to 50 from June’s 50.2 on a 100-point scale, on which numbers above 50 show activity expanding,
The Chinese government has cut interest rates four times since November and launched mini-stimulus efforts to shore up economic growth that slowed to 7 per cent in the first quarter.
The preliminary Caixin Manufacturing PMI was 48.2, down by 1.2 from June, although the official index won’t be released until Monday. Caixin, a Chinese media group, provides financial news services.
Analyst Zhang Liqun said in the statement by the industry group that both overseas and domestic market demands were unstable and that factories lacked confidence as they reduced the stock of raw materials and were buying less…
Volatile markets force exactEarth to postpone IPO
– theglobeandmail.com
ExactEarth, a subsidiary of Cambridge, Ont.’s Com Dev International Ltd., hoped to raise $80-million and list on the Toronto Stock Exchange
Jason Industries posts loss of $1.6 million in second quarter
– canadianbusiness.com
MILWAUKEE – Jason Industries Inc. on Friday reported a loss of $1.6 million in its second quarter.
The Milwaukee-based company said it had a loss of 7 cents per share. Earnings, adjusted for one-time gains and costs, came to 12 cents per share.
The manufacturing company posted revenue of $187.6 million in the period.
Jason Industries expects full-year revenue in the range of $708 million to $723 million.
Jason Industries shares have fallen 45 per cent since the beginning of the year. The stock has declined 48 per cent in the last 12 months.
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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JASN at http://www.zacks.com/ap/JASN
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Keywords: Jason Industries, Earnings Report
The post Jason Industries posts loss of $1.6 million in second quarter appeared first on Canadian Business – Your Source For Business News.
The Milwaukee-based company said it had a loss of 7 cents per share. Earnings, adjusted for one-time gains and costs, came to 12 cents per share.
The manufacturing company posted revenue of $187.6 million in the period.
Jason Industries expects full-year revenue in the range of $708 million to $723 million.
Jason Industries shares have fallen 45 per cent since the beginning of the year. The stock has declined 48 per cent in the last 12 months.
_____
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JASN at http://www.zacks.com/ap/JASN
_____
Keywords: Jason Industries, Earnings Report
The post Jason Industries posts loss of $1.6 million in second quarter appeared first on Canadian Business – Your Source For Business News.
RioCan Real Estate Investment Trust is launching a strategic review of its U.S. operations, a process that could lead to the real estate giant selling part or all of its portfolio of properties south of the border.
The Financial Post’s Jonathan Ratner looks at some of the day’s top business and financial stories.
