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Tag Archives: China

Stocks down nearly 200 in early trading

A board above the trading floor of the New York Stock Exchange.

A weak Chinese manufacturing survey weighed on U.S. and European markets on Tuesday, renewing concerns that the world’s second-largest economy might be slowing down. KEEPING SCORE: The Dow Jones industrial average lost 193 points, or 1.1 percent, to 17,696 as of 10 a.m. Eastern. The Standard & Poor’s 500 index lost 24 points, or 1.2 percent, to 2,057 and the ...

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Fed will likely keep rates unchanged in face of global slump


The U.S. job market is healthy. The stock market is up. Home prices are rising. Yet as the Federal Reserve prepares to meet this week, it seems in no mood to resume raising interest rates from ultra-lows. With the global economy struggling and U.S. inflation still below the Fed’s target rate, many economists see little likelihood of a rate increase ...

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Mississippi to benefit from Caterpillar cutbacks


By JACK WEATHERLY Cutbacks in some of Caterpillar Inc. operations – including the closing of five plants and elimination of 670 jobs  – and shifting some positions will be Mississippi’s gain. The Caterpillar remanufacturing plant in Corinth will gain jobs from work that had been done in Lafayette, Ind., according to the company’s website. The Corinth plant has approximately 800 ...

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Stocks open higher, led by gains in technology, energy


U.S. stocks are opening higher, led by gains in big technology companies, which have had a rough start to the year. Intel and Apple each rose 2 percent in early trading Tuesday, the biggest gains in the Dow Jones industrial average. Energy stocks also did well in the early going as the price of oil turned higher. It had slumped ...

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World could face months of Chinese market aftershocks


BEIJING —€” The latest trigger was currency jitters, but Thursday’s plunge in Chinese stocks was just one in a series of aftershocks from last year’s boom and bust that could shake markets for months to come. Investor anxiety over economic weakness and a possible glut of unwanted shares flooding the market have complicated Beijing’s efforts to withdraw emergency controls imposed ...

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Union says company will move work from China to Mississippi


AMORY — The United Steelworkers union says workers at the True Temper Sports plant in Amory have ratified a new contract with the sporting goods maker. The 200 workers at the plant make steel tubes used in golf club shafts and other items by the company, based in Memphis, Tennessee. Steelworkers District Director Daniel Flippo said Saturday that the contract includes ...

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From Australia to Zambia, slowing China economy causes pain

FILE - In this Wednesday, Nov. 4, 2015, file photo, a man is reflected on an electronic stock indicator of a securities firm in Tokyo. From Australia to Zambia, Chile to Indonesia, the pain of China’s sharp economic slowdown is being felt in the form of depressed commodity prices, elevated unemployment and shrunken home prices. (AP Photo/Shizuo Kambayashi, File)

China’s economic troubles have dropped on the doorstep of a sun-weathered house at 18 Edgar St. in Port Hedland on Australia’s northwest coast. Four years ago, the 50-year-old home, fabricated from cheap asbestos cement, sold for the equivalent of $1.3 million. It’s now for sale again — recently priced at $310,000. What happened to $1 million in home equity? It ...

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A new concept for Mississippi: The medical resort

medical tourism

By ALAN TURNER Mississippi cardiologist Dr. Zilin Wang is bringing an interesting new concept to the Mississippi health care field: the medical resort. Just what is a medical resort? Basically, it’s a process in which Dr. Wang provides cardiovascular treatment to patients who come to Mississippi from China, and some from Japan.  These patients are generally affluent business people who ...

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Motorized chair maker to open Mississippi factory

PONTOTOC — Pride Mobility Products Corp., a maker of motorized wheelchairs and scooters, announced Wednesday that it will open a factory in northeast Mississippi. Based in Exeter, Pennsylvania, Pride plans to invest $2 million and hire 150 workers at a facility at the former Genesis Furniture factory in Pontotoc, which closed last year. Federal, state and local governments will give ...

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Sometimes it’s better to receive — U.S. gaining more China jobs than it’s losing


By TED CARTER The newest assessment of the movement of jobs and investment back to the United States from oversees shows 2014 continued to tilt the jobs competition in the U.S.’s favor. But the United States is still three million to four million jobs short of regaining the number lost since the emergence of Asia, China in particular, as industrial giants. ...

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