Tuesday, September 01
US factory production was unchanged in September as manufacturing remained constrained by tariffs on imports.The flat reading in manufacturing output reported by the Federal Reserve on Wednesday followed an unrevised 0.1% gain in August. Economists polled by Reuters had forecast production for the sector, which accounts for 10.1% of the economy, ticking up 0.1%. Production at factories increased 1.5% on a year-over-year basis in September.Manufacturing output grew at a 1.3% annualized rate in the third quarter, slowing from the April-June quarter's 2.4% pace.The report was delayed by a record 43-day shutdown of the government. Manufacturing has been hamstrung by President Donald Trump's sweeping tariffs, but a surge in spending on artificial intelligence has propped up other industries.Tru
British luxury carmaker Jaguar Land Rover's chief creative officer, Gerry McGovern, has left the company, magazine Autocar India reported on Tuesday, citing sources. Tata Motors PV-owned JLR did not immediately respond to a Reuters' request for comment. The exit follows the appointment of former Tata Motor finance chief PB Balaji as JLR's new chief executive, replacing Adrian Mardell. McGovern joined the carmaker's board of management in 2021 as well and was tasked with redefining the Jaguar brand.
The country's exports, which fell by about 12 per cent in October, have registered healthy growth in November, Commerce and Industry Minister Piyush Goyal said on Wednesday.However, he did not disclose the numbers.The commerce ministry will release the export and import data for November on December 15."Merchandise exports are also on a strong wicket. Merchandise exports went down in October. Incidentally, November has gone up by a greater amount than what went down in October. If I aggregate October and November, there is growth in merchandise exports despite the global turmoil," he told reporters here.He said India is working towards deeper integration with global trading partners, and in the months and days to come, "you will hear a lot more about our own successful engagements with man
