[ad_1] Article content BEIJING — China’s factory activity shrank more slowly in January after Beijing lifted tough COVID curbs late last year which helped ease pressure on manufacturers though infections among workers hampered production, a private sector survey showed on Wednesday. The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) nudged up to 49.2 in January from 49.0 the previous month …

[ad_1] Breadcrumb Trail Links PMN Business Article content BRASILIA — Brazil is preparing a task force of armed forces, police and government agencies to expel illegal gold miners who invaded the Yanomami indigenous reservation, officials said on Tuesday. More than 20,000 wildcat miners are blamed for bringing disease, violence and hunger that have caused a humanitarian crisis for isolated Yanomami …

[ad_1] Article content SEOUL — South Korea on Wednesday posted a record monthly trade deficit for January due mainly to a far worse-than-expected drop in exports, drawing a pledge from government to employ all available resources to revive overseas sales. Finance Minister Choo Kyung-ho, while blaming long holidays in China and other one-off factors for the poor export numbers, said …

[ad_1] Article content TOKYO — Japan’s factory activity contracted for a third straight month in January, a private survey showed on Wednesday, although manufacturers’ outlook remained upbeat on improved supply and price conditions. Amid worsening global economic conditions, Japanese companies are facing calls for higher wage hikes at spring labor talks to counter inflation and support the consumption-led recovery in …

[ad_1] Article content SEOUL — South Korea’s factory activity contracted for a seventh straight month in January, a business survey showed on Wednesday, amid weak global demand and soaring COVID-19 infections in China. Still, the pace of contraction was a bit milder than in the previous month, while manufacturers were also seen preparing for a brighter future ahead. Article content …

[ad_1] Article content PARIS/WASHINGTON — Boeing Co Chief Executive Dave Calhoun pointed toward future increases in narrow-body jet production and voiced hopes that an upcoming visit to China by U.S. Secretary of State Antony Blinken would lead eventually to “robust” plane orders. Asked on Bloomberg TV on Tuesday whether plans to open a new 737 MAX assembly line in Boeing’s …

[ad_1] Breadcrumb Trail Links PMN Business Author of the article: Reuters Daphne Psaledakis and Simon Lewis Published Jan 31, 2023  •  3 minute read Join the conversation Article content WASHINGTON — The United States and its allies imposed further sanctions on Myanmar on Tuesday, marking the two-year anniversary of a military coup with curbs on energy officials and junta members, …

[ad_1] Breadcrumb Trail Links PMN Business Author of the article: The Canadian Press Amanda Stephenson Published Jan 31, 2023  •  3 minute read Join the conversation Canadian Pacific Railway Ltd. says it earned $1.27 billion in the fourth quarter of 2022, compared with $532 million in the same period of 2021. Canadian Pacific Railway trains sit at the main CP …

[ad_1] Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Rae Wee and Elizabeth Howcroft and Alun John and Dietrich Knauth Published Jan 31, 2023  •  3 minute read Join the conversation Article content SINGAPORE/LONDON — Bankrupt crypto lender Celsius Network used investor money and customer deposits to prop up its own token while two of its …

[ad_1] Article content The U.S. Environmental Protection Agency’s (EPA) decision to block the proposed Pebble copper and gold mining project near Alaska’s ecologically sensitive Bristol Bay watershed is “unlawful” and hurts the state, said the top boss of the mining project. The EPA has moved to stop the company from storing mine waste at the watershed, home to important salmon …