Boeing and Airbus have purchased shares in Spirit Parts Company.

Boeing has repurchased shares in Spirit AeroSystems for $4.7 billion, equivalent to IDR 77.08 trillion, increasing the company's total value to $8.3 billion, including debt. Spirit, a former Boeing subsidiary that was sold in 2005, will now be integrated with Boeing, allowing for the combination of manufacturing and engineering capabilities. Some critics have expressed concerns about the quality of Boeing aircraft components, particularly in the wake of an incident involving a door cover on an Alaska Airlines jet. Boeing’s purchase of Spirit's shares is seen as an effort to address quality concerns. In contrast, Airbus is also acquiring Spirit's factory in Europe and taking over core activities at four of its suppliers' plants in different countries. Airbus' acquisition is specifically aimed at ensuring the availability of spare parts for the Airbus A350 aircraft. These developments demonstrate the ongoing expansion and consolidation within the airline industry.

https://internasional.kontan.co.id/news/boeing-dan-airbus-beli-saham-perusahaan-suku-cadang-spirit

China's Manufacturing Index has reached a five-month low.

The latest data from the National Bureau of Statistics (NBS) indicates that China's manufacturing sector continued to contract in June 2024. The Purchasing Managers Index (PMI) remained unchanged at 49.5 from May, indicating contraction. This outcome was in line with expectations, indicating that industrial activity should have been stronger, given the export momentum that has been driving the Chinese economy. However, China has been unable to capitalise on this momentum, resulting in a challenging environment for economic recovery. Despite the production sub-index being above 50, other factors such as new orders, raw material stocks, employment, delivery times, and new export orders showed contraction. Analysts are uncertain as to whether export sales will continue to be positive in the face of challenging trade conditions with Western countries. Furthermore, the ongoing property crisis is exerting a further negative impact on the Chinese economy. The data has led to speculation about whether further stimulus measures will be implemented.

https://internasional.kontan.co.id/news/indeks-manufaktur-china-turun-ke-level-terendah-lima-bulan

The inflation rate has eased, with Nestle forecasting a stable performance.

Nestle, the Swiss food company, is targeting a similar level of sales volume growth for the remainder of the year, as it achieved in the second quarter. This is in line with the decline in production cost inflation. Nestle's CEO, Markus Schneider, has stated that the company anticipates a stable and positive contribution to volume growth and product mix for the remainder of the year. In the first quarter of 2024, Nestle experienced a 5.9% decline in sales, but this was later offset by a 1.4% increase due to foreign exchange gains. Nestle also forecast a 4% increase in currency-adjusted sales for 2024. Mr. Schneider believes that the company has overcome the challenges of cost inflation and falling sales volumes caused by price increases, stating that the situation is now stabilizing.

https://internasional.kontan.co.id/news/inflasi-mereda-nestle-proyeksi-kinerja-bergerak-stabil