WASHINGTON (AP) - U.S. multinational corporations hired workers overseas at a faster pace than in the United States in 2005, for the second year in a row, a Commerce Department report said Thursday. U.S. multinationals — defined as U.S. companies, excluding banks, that own majority stakes in foreign affiliates — added 310,900 people to their overseas payrolls in 2005, an increase of 3.6 percent to 9.1 million. Meanwhile, the same companies hired 238,000 workers in the United States,...
UK Feb manufacturing PMI 55.4, highest since July 2004 - sources
April 30, 2007 on 3:22 pm | In Currency |
LONDON (AFX) - UK manufacturing sector activity rose to its highest level in two and a half years in February, coming in well above analysts’ expectations, sources said of a key survey.
They said the Chartered Institute of Purchasing and Supply’s purchasing managers index jumped to 55.4 in February, its highest level since July 2004, from an upwardly revised 53.2 in January.
Analysts polled by AFX News had predicted a much more moderate rise to 53.0 from the original January estimate of 52.8.
A reading above 50 in the index indicates expansion.
jessica.mortimer@thomson.com
jkm/nes
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Ford chief names an environmental executive »DEARBORN, Michigan: Not long ago, it would have been folly for an auto company chief executive to admit he believed in global warming, and just as unlikely for a carmaker to attach the word “sustainability” to a job title. But Ford Motors chief executive, Alan Mulally, did both on Monday. Speaking with journalists in a conference call, Mulally said, “I clearly believe the vast majority of data indicates that the temperature has increased. And I believe the correlation and...
NEW YORKBank of America Corp () has begun a push to raise a regulatory cap that bars any U.S. bank from an acquisition that would give it more than 10 percent of the nation’s total bank deposits, http://www.wsj.com/ reported on Tuesday. The company has argued that U.S. banks are artificially small and vulnerable to foreign acquirers, the Journal said. It said the bank last year won support for changing the U.S. policy in votes before the North Carolina...
UK Feb manufacturing PMI 55.4, highest since July 2004 - sources
April 29, 2007 on 1:02 pm | In Currency |
LONDON (AFX) - UK manufacturing sector activity rose to its highest level in two and a half years in February, coming in well above analysts’ expectations, sources said of a key survey.
They said the Chartered Institute of Purchasing and Supply’s purchasing managers index jumped to 55.4 in February, its highest level since July 2004, from an upwardly revised 53.2 in January.
Analysts polled by AFX News had predicted a much more moderate rise to 53.0 from the original January estimate of 52.8.
A reading above 50 in the index indicates expansion.
jessica.mortimer@thomson.com
jkm/nes
COPYRIGHT
Copyright AFX News Limited 2007. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
No Comments yet
Sorry, the comment form is closed at this time.
Forex - Euro near all-time yen high, dollar rebounds »LONDON (Thomson Financial) - The euro remained near its new all-time high against the yen and close to its record against the dollar despite the US currency’s rally today. The European single currency recorded its new yen high of 162.53 yen on expectations strong growth would lead to further interest rate rises for the 13-nation single currency euro zone. Carry trades, where money is borrowed in countries with low interest rates like Japan to be invested in higher-yielding economies,...