As Japanese manufacturing fades, a factory town fights to stay alive

As Japanese manufacturing fades, a factory town fights to stay alive

  HIGASHIOSAKA, Japan Aug 22 (Reuters) – The small factories in the western Japanese city of Higashiosaka for decades fueled the thundering rise of the country’s biggest brands – but a weak yen and rising costs have accelerated a slow decline, and are reshaping the industrial heartland . Home to about 6,000 firms, 87% of … Read more

Fed to slow to 50 basis-point hike in September, recession dreams grow, Reuters poll shows

Fed to slow to 50 basis-point hike in September, recession dreams grow, Reuters poll shows

  A resident buys food at a local market, in downtown San Francisco, California, US, July 13, 2022. REUTERS/Carlos Barria/File Photo Register now for FREE unlimited access to Reuters.com   Register   BENGALURU, Aug 22 (Reuters) – The US Federal Reserve will raise rates by 50 basis points in September amid expectations inflation has peaked … Read more

China steps up easing, cuts lending benchmarks to revive faltering economy

China steps up easing, cuts lending benchmarks to revive faltering economy

  FILE PHOTO:Employees work on the production line of vehicle components during a government-organised media tour to a factory of German engineering group Voith, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China July 21, 2022. REUTERS/ Aly Song Register now for FREE unlimited access to Reuters.com   Register   SHANGHAI, Aug 22 (Reuters) – … Read more