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Industrials Headlines

Malaysia Oct factory output up 3.4 pct y/y, misses forecast

Malaysia's industrial production in October grew 3.4 percent from a year earlier, slowing in pace for the second month in a row. Factory output was below the 3.8 percent annual rise forecast in a Reuters poll, and down from the 4.7 percent growth in September. Industrial output reached a two-and-a-half year-high of 6.8 percent in August. Manufacturing output grew 4.2 percent from a year earlier in October, down from 5.7 percent the previous m

U.S. company sues China's HNA over deal, cites opaque ownership

Ness Technologies S.A.R.L., a U.S. software engineering company, has sued Chinese conglomerate HNA Group accusing it of failing to adequately answer questions about its ownership in a U.S. review of takeovers by foreign companies, thereby causing their $325 million deal to fail.

New York subway attack shows limits of counterterror strategy

Minutes after a man set off a pipe bomb strapped to his body in one of New York's busiest transit hubs, throwing the Monday morning commute into chaos for many, a suspect was in custody, trains were rerouted and throngs of police swarmed the streets.

Uber fights ban on cash payments in Mexican state

Uber Technologies Inc said on Monday that it had appealed regulations that have barred it from accepting cash fares in the Mexican state of Puebla, in a new challenge to clampdowns on the ride-hailing service in Latin America.