French manufacturing contraction News and Updates from The New York power outage: Lights go out in the city that never sleeps. strengthens the case for a rate cut when the central bank’s monetary policy committee meets later this week. India, US working on framework.

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Helping fuel the bond rally, a report showing U.S. manufacturing. interest-rate swaps rose 1.5 basis points to 58.7 basis points. –With assistance from Katherine Greifeld. To contact the reporter.

The threat compounded fears about slumping American manufacturing activity after the Federal reserve dashed prospects for.

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The ECB president said he anticipates that contractions in euro area manufacturing could contaminate the services sector, in part due to global trade tensions. While dismissing the prospect of a broad recession, he stated that consumer-price growth had fallen short of the ECB’s goal of just below 2% – justifying calls for significant support.

The Federal Reserve’s recent interest rate cut means lower costs for automakers, dealers and consumers — but it’s a sign the economy is slowing. Federal Reserve’s interest rate cut is good and.

A new wave of modern manufacturing companies are adding jobs across New York City, breathing new life into a sector that had been left for dead. Three of the city’s manufacturing fields are particularly well positioned for growth in the years ahead: 3D printing, metal and wood fabrication, and food.

Business activity in New York contracted in June, as tariffs and a slight softening in the labor market took a toll on conditions. The Empire State Manufacturing Survey’s general business conditions index plunged 26 points, its biggest monthly drop, to negative 8.6. This was the first time in more than two year the index showed contraction.

New York, West Virginia, and Wyoming have all seen declines that rival Puerto Rico’s recent experience. But the gravity of the problem becomes more apparent when Puerto Rico, a commonwealth, is compared with countries around the globe: According to estimates for 2014,1 Puerto Rico ranks a surprising seventh in population loss.

DowDuPont’s Breen said he’s ready to cut costs to protect his Ebitda forecast. talk is a guide – not to mention the first monthly contraction in IHS Markit’s gauge of new U.S. manufacturing orders.

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