Tag Archives: Output

South Korea’s industrial output fell in October as Samsung Electronics discontinued its latest flagship Galaxy Note 7 smartphones, a government report said on Wednesday. Production in all South Korean industries dipped 0.4 percent in October as railway workers went on strikes, Xinhua news reported. Production slid further from previous months according to Statistics Korea. Samsung ending production and sales of ... Read More »

Factory output in January contracted for the third straight month, in an indication that the manufacturing sector continues to struggle with sluggish demand and overcapacity. According to data released on Friday, factory output — measured by Index of Industrial Production (IIP) –  contracted 1.5 per cent in January. The higher-than-expected decline was on account of the sharp de-growth in capital ... Read More »

Singapore: U.S. crude futures rose as much as 3 percent in early Asian trade on Thursday after Iran backed plans by Russia and Saudi Arabia to cap crude oil production at January levels, extending steep gains in the previous session. U.S. crude jumped $1.06 shortly after Asian markets opened, and was trading up 77 cents at $31.43 a barrel as ... Read More »