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

Oil slumps on fears over economic slowdown, stronger dollar

Oil slumps on fears over economic slowdown, stronger dollar

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com Register Dollar hits 5-wk high on hawkish Fed remarks before Jackson Hole China’s Sichuan extends power curbs on heatwave -Caixin China … Read more