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China Manufacturing Lowest in Nearly a Year

March 24, 2015 11:03 am | by Kelvin Chan, The Associated Press | News | Comments

China's manufacturing fell to the lowest level in nearly a year as new orders shrank, according to a report Tuesday that underscored the weakening outlook for the world's second biggest economy.

U.S. Drillers Scrambling to Thwart OPEC Threat

March 24, 2015 10:56 am | by Jonathan Fahey, AP Energy Writer | News | Comments

OPEC and lower global oil prices delivered a one-two punch to the drillers in North Dakota and...

VW May Replace Toyota as World's Largest Automaker

March 23, 2015 11:06 am | by Kyodo News International | News | Comments

Toyota Motor Corp. said Wednesday it expects global sales of its group to slightly fall in 2015...

Caterpillar Moving 2 Joliet Production Lines to Mexico

March 23, 2015 10:59 am | by The Associated Press | News | Comments

The latest move is part of a series of cuts at the factory, where 770 workers are currently...

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GE Launches Global Research, Technology Innovation and Manufacturing in Saudi Arabia

March 16, 2015 10:15 am | by GE | News | Comments

GE announced $100 million of new programs in Saudi Arabia that will further the company’s localization efforts, build innovation capacity, and create jobs in advanced manufacturing and software analytics.

Southern States Battle for Volvo Plant

March 6, 2015 10:20 am | by Andy Szal, Digital Reporter | News | Comments

South Carolina lawmakers believe their state has the upper hand in the competition to land Volvo's new U.S. manufacturing plant.

China Lowers Growth Target, Promises to Open Industries

March 5, 2015 1:45 pm | by Joe McDonald, The Associated Press | News | Comments

China set a lower economic growth target for this year and promised to open more industries to foreign investors as it tries to make its slowing, state-dominated economy more productive.

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Unions Lobby Against Giving Obama Trade Authority

March 5, 2015 1:25 pm | by Andy Szal, Digital Reporter | News | Comments

More than 400 union workers planned to lobby lawmakers Wednesday against giving the Obama administration heightened power to negotiate trade agreements.

German Factory Orders Down More Than Expected in January

March 5, 2015 10:36 am | by The Associated Press | News | Comments

German factory orders, a key indicator for Europe's biggest economy, dropped much further than expected in January, led by a big drop in demand from other eurozone countries.

Survey Shows Chinese Manufacturing Improving

March 2, 2015 9:46 am | by The Associated Press | News | Comments

China's manufacturing activity improved in February for the first time in four months but export demand weakened, a survey released Monday showed.

Survey: China Factory Activity Up, But Export Orders Drop

February 25, 2015 10:19 am | by Kevin Chan, The Associated Press | News | Comments

China's manufacturing activity edged up to a four-month high in February although export orders decreased for the first time in nearly a year, in the latest sign of uncertainty for the world's No. 2 economy, according to a private survey.

Foreign Holdings of U.S. Treasury Debt Hit Record in December

February 19, 2015 9:45 am | by Martin Crutsinger, The Associated Press | News | Comments

Foreign holdings of U.S. Treasury securities rose to a record level in December despite investors in China and Japan, the two biggest foreign owners of Treasury debt, cutting back on their holdings.

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Caterpillar Says U.S. is Investigating its Movement of Cash

February 19, 2015 9:40 am | by The Associated Press | News | Comments

The U.S. government is investigating how Caterpillar has been moving cash between its business units in the U.S. and overseas, the construction equipment company said Wednesday.

U.S. Appeals to Japanese Business to Help Push for Trade Pact

February 13, 2015 2:31 pm | by Elaine Kurtenbach, The Associated Press | News | Comments

Japan and the U.S. are moving closer to reaching agreement on market opening measures needed to conclude a Pacific Rim trade pact, a top U.S. envoy said Friday, urging Japanese business leaders to help bridge the last, difficult disagreements.

China Slowdown Doesn't Scare CAT

February 13, 2015 2:00 pm | by CNN Money | Videos | Comments

Caterpillar CEO Doug Oberhelman says he's actually hoping for a slower economic growth rate in China, and feels his company is well positioned

Retailers Fret as Products Languish on Ships, Docks at Ports

February 13, 2015 10:17 am | by Justin Pritchard, The Associated Press | News | Comments

Stores gearing up for warmer weather are fretting that they won't have some products to sell due to a labor crisis at West Coast seaports.

Communication, Clarity Keys to Chemical Sector Success

February 10, 2015 9:43 am | by Jeff Reinke, Editorial Director, IMPO | Articles | Comments

Henk van der Ven, the vice president of Processes and IT for International Flavors and Fragrances, has been involved in systems analytics for manufacturing for over 20 years and he recently sat down with us and SAP Chemicals conference producer Thomas Martin to discuss some of the most significant trends impacting the marketplace.

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MAPI: Is Cuba Open for Business?

February 9, 2015 12:26 pm | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

Cuba's Moment, a report from the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation, concludes that a strong manufacturing sector is unlikely to develop without aggressive action on a number of fronts, including domestic investment, inward investment, trade, workforce development, and access to capital markets.

Europe's ATR in Focus Again After 2nd Taiwan Air Disaster

February 5, 2015 4:44 pm | by Kelvin Chan, The Associated Press | News | Comments

European aircraft maker ATR is in the spotlight again after the dramatic crash Wednesday of a TransAsia Airways turboprop into a river in Taiwan. It's the second time in seven months that a TransAsia ATR has been involved in a fatal accident.   

U.S. Trade Deficit Jumps 17.1 Percent to $46.6 Billion

February 5, 2015 2:38 pm | by Martin Crutsinger, The Associated Press | News | Comments

The U.S. trade deficit in December jumped to the highest level in more than two years as exports fell and Americans bought a record amount of imports.                             

West Coast Port Employers: Shutdown Could Be 5 Days Away

February 5, 2015 10:40 am | by Justin Pritchard, The Associated Press | News | Comments

West Coast seaports could shut down in as soon as five days — hobbling U.S. trade with Asia — if dockworkers and their employers cannot reach a new contract.                           

Report: Trade Deficit with Japan Resulted in Job Losses in Every State

February 4, 2015 2:33 pm | by Andrew Szal, Digital Reporter, IMPO | News | Comments

A new report says every state saw job losses due to a growing U.S. trade deficit with Japan, and warns Congress should not approve a proposed trade agreement without protections against Japanese currency manipulation.         

Report: Offshoring, Federal Policy Have Taken Toll on U.S. Industry

February 3, 2015 9:57 am | by Andrew Szal, Digital Reporter, IMPO | News | Comments

A new report says the U.S. has the most productive advanced industrial sector in the world, but warns the country is losing ground relative to other nations.                           

Russian Pipe Maker OAO TMK Laying Off at Pennsylvania Plants

February 2, 2015 5:00 pm | by The Associated Press | News | Comments

A Russian-based pipe manufacturer says the falling price of gasoline is fueling its decision to lay off 10 percent of its workers at two western Pennsylvania plants.                         

Q&A: The Changing Engineering and R&D Landscape

January 30, 2015 11:10 am | by Maura Falk, Associate Editor | Articles | Comments

Senior Vice President of Engineering and R&D Services of HCL, Sukamal Banerjee took some time to speak with IMPO about the demand of engineering and R&D services both domestically and abroad.               

German Automakers Lobby for U.S., EU Trade Deal

January 28, 2015 2:19 pm | by The Associated Press | News | Comments

German automakers are throwing their support behind a new trade deal being negotiated between the European Union and the United States.                                 

Q&A: The State of the Engineering Services Outsourcing Market

January 28, 2015 12:27 pm | by Maura Falk, Associate Editor | Articles | Comments

Sampath Kumar, Partner and Global Leader at ISG (Information Services Group) Engineering Services, spoke with IMPO about the important trends and growth within the Engineering Services Outsourcing Market.             

The Next Global Markets for U.S. Businesses

January 26, 2015 2:19 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Blogs | Comments

The U.S. economy is surging ahead while areas like China, Europe and Russia struggle economically. In order to keep the momentum going for U.S. businesses, they’ll have to look at new global markets to expand.           

Japan Logs Record Trade Deficit in 2014

January 26, 2015 10:06 am | by Elaine Kurtenbach, The Associated Press | News | Comments

Japan's trade deficit ballooned to a record 12.8 trillion yen ($109 billion) last year as a weakening yen pushed the cost of imports higher despite a moderate recovery in exports.                     

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