Uncategorized – Page 36

Tentative & Sluggish Economic Recovery – IMF WEO

January 21, 2020 by Jonathan Custer

The International Monetary Fund (IMF) updated its World Economic Outlook (WEO) yesterday. The money quotes follow: Global Growth There are now tentative signs that global growth may be stabilizing, though at subdued levels. Some risks have partially receded with the announcement of a US-China Phase I trade deal and a lower likelihood of a no-deal …

Samsung To Pay Large New Year Bonuses To Subcontractors

January 21, 2020 by Jonathan Custer

The Korean Herald reports, Samsung Electronics plans to give its chipmaking subcontractors the biggest bonus since 2010 — for their performance last year. The semiconductor division pays a total of 41.74 billion won ($35.8 million) to around 20,000 employees of primary and secondary contractors. “Despite the difficult market conditions last year, the company is sharing …

U.S. Industrial Production Down 0.5% In December

January 17, 2020 by Jonathan Custer

Industrial production fell 0.3% in December, the third decline in the past four months, the Federal Reserve reported Friday. The decline was expected and reflected in the December unemployment report released last week, where manufacturing shed 12,000 jobs. Industrial production was down at a 0.5% annual rate in Q4. Production was down in three of …