GENEVA, SWITZERLAND – Wall Street was boosted Tuesday 1 May on better than expected US manufacturing reports, with the Dow Jones Industrial Average closing at a four-year high. The Dow closed the first day of May, historically known as a “sell” month, at 13,279.40, up 0.5 percent from Monday’s closing, reaching its highest level since December [...]
Official data released 31 January shows 16% rebound Japanese manufacturing began to recover in 2010, figures released by the government 31 January show, with industrial production up 15.9 percent for the year, after a nearly 22 percent drop in 2009. Automobiles, electronics and steel manufacturing led the rebound. It was not enough to cheer up [...]
Basel / Bern, Switzerland (GenevaLunch) – The Swiss economy remains relatively steady, but with Credit Suisse’s Swiss manufacturing index dropping slightly and the forecast for tourism showing lower but stable figures in coming months. The manufacturing figures “still [show] however that the Alpine economy is leaving the deep recession behind,” reports news agency Reuters. The [...]
Japanese industrial output rose for the seventh consecutive month, by 1.4 percent, raising hopes that the governement’s economic stimulus was bearing fruit, according to figures released by the Ministry of Economy, Trade and Industry. Inventories dropped to their lowest levels in 21 years. Predictions were good for continued strong growth in manufacturing in October and [...]
Lausanne, Switzerland (GenevaLunch) – Thomas Vollmann, 72, who taught manufacturing management at busines school IMD in Lausanne, has died, in Lausanne. He became a professor emeritus in 2001 but continued to be active in research and in 2008 co-authored the book The Power of Two with fellow professor Carlos Cordon.