Kraft Foods Group Spoiled By Recalls
Kraft Foods Group is on a roll with recalls. On Saturday, May 17, the company announced a recall of its cottage cheese products due to an issue that took place during manufacturing.
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Turkish Manufacturing Shows Strong Exports, Despite PMI Dip
The Turkish Manufacturing Purchasing Managers’ Index (PMI) dipped just slightly to 51.1 in April from 51.70 in March. Inflated input prices and slow growth of output prices may be to blame.
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Peso Gets Sweeter Despite Sugar Battle
Mexican sugar exporting could go sour as officials wait to see whether a petition filed by U.S. sugar producers will affect the industry’s bottom line.
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China’s Positive Impact on Future Greek Production
Greece’s relationship with China could contribute to further growth within manufacturing, as well as overall economic opportunities for the country. According to Ekathimerini News, “[…] in the last three years Greek exports to China have been posting an annual growth rate of 40 percent to exceed 420 million euros in 2013, while Chinese imports to…
Australian Exports on the Rise
According to The Wall Street Journal’s Money Beat, “A smaller-than-expected trade surplus was a reflection of a fall in iron ore prices and metal ore exports for the month. Still, there is a bright spot in that Australia posted a record A$9.5 billion worth of exports to China — its biggest trading partner — despite…
Middle-East | News | Regions
Oil, Gas, and the Egyptian Economy
According to Reuters, “The partners in Israel’s Tamar natural gas field said on Tuesday they had signed a letter of intent with Union Fenosa Gas to export up to 2.5 trillion cubic feet (tcf) of gas over 15 years to a liquefied natural gas (LNG) plant in Egypt. Tamar was discovered in the eastern Mediterranean…
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Officials Move to Save Brazilian Exports and Manufacturing with New Terminals
Brazil’s manufacturing and service sectors take a hit as the April PMI shows the country dropped in its service sector. Reuters notes, “Growth in Brazil’s services sector slowed in April as business sentiment soured, a survey showed on Tuesday, suggesting companies increasingly expect little of the windfall they once hoped would come with hosting the…
Chinese Manufacturing Sector Experiencing Slower Than Expected Growth
Bloomberg reports, “The Purchasing Managers’ Index (CPMINDX) was at 50.4, the National Bureau of Statistics and China Federation of Logistics and Purchasing said today in Beijing, less than the 50.5 median estimate of 38 analysts in a Bloomberg News survey. March’s reading was 50.3, with numbers above 50 signaling expansion.”
Mobile Manufacturers Could Boost Indian Employment Rate
Critics are worried that India will be unable to achieve the previously projected 10 percent growth rate for manufacturing employment that would serve to boost the Indian economy.
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U.K. Manufacturing Sector Shows Significant Growth
It’s all good news for U.K. manufacturing following the latest numbers to come out of the Purchasing Manager’s Index (PMI). Bloomberg’s BusinessWeek notes, “A Purchasing Managers’ Index advanced to 57.3 from 55.8 in March, Markit Economics said in a statement in London today. The median estimate of 32 economists in a Bloomberg News survey was…