Taiwan's navy took delivery on Friday of a new, domestically made amphibious warfare ship that can be used to land troops and bolster supply lines to vulnerable islands, part of President Tsai Ing-wen's defence self-sufficiency push.
China's factory activity eked out growth in September, but a slowdown in services sector growth and a downbeat private manufacturing survey pointed to further cooling as the economy grapples with COVID-19 curbs and softening global demand.
Chinese local governments may relax the floor on mortgage rates for first-time home buyers in some cities in phases, the central bank said on Thursday, in a bid to prop up property prices and revive a flagging engine of the world's second-largest economy.
China's services activity expanded at a slower pace in September, an official survey showed on Friday, as COVID-19 curbs in populous cities weighed on consumption. The official non-manufacturing purchasing managers' index dropped to 50.6 in September from 52.6 in August, data from the National Bureau of Statistics showed.
Japan's factories ramped up output for a third straight month in August, as the manufacturing sector showed resilience in the face of high energy and material costs and worries about a global economic slowdown.
Since the Energy Select Sector SPDR FUN is down roughly 16% over the past month, it may be a good time to shop around for oversold equities in the oil and gas sector. The Natural Gas October 22 futures are hovering around $6.796 per thousand cubic feet. Here are two high-yielding stocks that could benefit if there is a further supply crunch in natural gas.
To meet the increased demand from biopharma customers, Greenfield Global is tripling its production capacity for ethanol blends with water-for-injection at its Brookfield, Connecticut plant from a 2,000 gallon tank to a total capacity just shy of 6,000 gallons.
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This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth.
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