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China factory gauge steadies near post-2012 high

  Bloomberg China’s official factory gauge stabilized near a post-2012 high in December, capping a year of steady improvement and signaling policy makers have leeway to curb financial risks while keeping growth humming. The services gauge remained elevated. Input prices jumped. Manufacturing purchasing managers index stood at 51.4 last month, compared with a median estimate of 51.5 in a Bloomberg ...

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China chipmaker mulls overseas buying spree to get mobile tech

  Bloomberg Goodix, a supplier of mobile chips to Amazon.com Inc. and major Chinese smartphone makers, plans to begin shopping abroad for semiconductor and software developers to gain an edge in an increasingly competitive market. The company wants to become the world’s biggest supplier of fingerprint sensors, Chief Executive Officer David Zhang said in an interview at the Consumer Electronics ...

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Americans see enduring wage gains as labour market tightens

  Bloomberg After six straight years of annual job gains topping 2 million, America’s labour market is as tight as ever, and it’s entering the next phase: an enduring pickup in wages. Average hourly earnings jumped by 2.9 percent in the 12 months through December, the most since the last recession ended in June 2009, according to the Labor Department’s ...

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