MANUFACTURING

Durable Goods Demand Shows Economic Growth

A woman shops for refrigerators at a store in New York
Demand for a range of long- lasting manufactured goods recorded their largest gain in six months in September, cementing views of a step-up in economic growth in the third quarter and suggesting the year's final quarter started with some momentum.
London-listed company African Minerals recently achieved a remarkable milestone with its shipment of a first batch of iron ore from its mine in central Sierra Leone, the country’s first export of the commodity after almost 30 years. The 40,000 metric ton

Drought, mining doubts hit Mauritania economy: IMF

Mauritania's current economic growth rate is not high enough to significantly dent poverty and the country will next year face the twin challenge of drought and uncertainty over mining revenues, the International Monetary Fund said.
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Thai Floods Threaten Asian PC Makers' Holiday Sales

Asia's PC makers, already grappling with the prospect of subdued year-end holiday season consumer demand, are faced with a likely further slowdown in the lunar new year sales season as Thailand's floods cut the supply of hard disk drives.
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S.Africa's stocks close at near 3-month high

South African stocks closed at their highest level in nearly three months as demand for resources firms rose with hope that European Union leaders will agree on a solution to their region's debt woes later this week.
Grain being harvested.

U.S. Grain, Soybean Futures up on Euro-Zone Hopes, China Data

U.S. grain and soybean futures rose over 1 percent on Monday in a broad commodities rally as investors bet that European leaders would reach a deal to tackle a euro-zone debt crisis and took heart from an improved manufacturing indicator in China.
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Brent, U.S. Oil up on China PMI Data, EU Optimism

Brent crude oil rose above $110 a barrel on Monday after stronger Chinese manufacturing data suggested China's economy may not be in as much danger as feared, supporting fuel consumption and outweighing fears over weak European data.
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Eurozone Business Activity Shrinks Further in Oct: PMI

The Eurozone's private sector tipped further into decline in October, according to business surveys on Monday that showed the bloc's economy is in serious danger of lurching from stagnation into outright recession.
A man walks past a stock quotation board outside a brokerage in Tokyo

Hope for Euro Deal, China Growth Spur Stocks

World stocks put in solid gains on Monday as investors bet on a positive outcome to the euro zone crisis talks and took comfort from signs that China's economy may not be in as much danger as feared.
Panasonic's plasma TV sets are displayed at an electronics shop in Tokyo

Panasonic to Slash Domestic Semiconductor Output: Nikkei

Japanese electronics maker Panasonic Corp will scale back domestic semiconductor output by the end of March 2012 and cut about 1,000 jobs, reflecting its recent move to reduce TV panel production, the Nikkei business daily said on Sunday.
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iPhone 4S Costs Less Than What You Think: iSuppli

Have you ever wondered how much Apple's latest smartphone iPhone 4S costs? An iPhone 4S teardown analysis from iSuppli reveals the answer. The 16 GB model iPhone 4S carries a bill of materials (BOM) of $188, while the 32GB and 64GB version's BOM are $207 and $245 respectively.
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SanDisk's quarterly outlook a relative bright spot

Flash memory supplier SanDisk (SNDK.O) forecast quarterly revenue near analysts' expectations thanks to growth in tablets and smartphones, but other chipmakers warned that a lackluster economy is hurting demand.

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