m3n4.net
m3n4.net July 17, 2018


British economy slows down sharply in January

06 February 2018, 01:43 | Vera Richards

A new business sub-index that tracks overall demand jumped to 51.7 from 50.0 in December

A new business sub-index that tracks overall demand jumped to 51.7 from 50.0 in December

The Markit/Nikkei Japan Services Purchasing Managers Index (PMI) rose to 51.9 on a seasonally adjusted basis, from 51.1 in December. Any reading above 50 indicates expansion in the sector.

Indian service providers addressed new business inflows and rising backlogs by expanding workforces for the fifth month running in January. The data comes just ahead of the meeting of the Monetary Policy Committee, which will take a call on interest rates on February 7.

Services sector output rose at its slowest pace since September 2016, adding to the disappointment over similar PMI manufacturing and construction sector surveys. The index stood at 50.9 in December 2016.

Amtrak crash: Christopher Foley killed, GOP Rep Jason Lewis treated for concussion
Layne said he has recently seen lines of cars stopped at the crossing, with the arms lowered even though no train was approaching. Congressman Tom Cole said first responders evacuated at least two people who were injured, and who were apparently on the truck.

The approach of the US ISM non-manufacturing PMI for January is keeping demand for the US dollar weak today, despite solid forecasts from economists, allowing the pound to hold its opening levels. Most importantly, growth of new orders jumped higher in both sectors in January, registering the largest upturn in new work since last August and one of the biggest gains seen over the past three years.

With a PMI of 50.5 in January, he believes that the economy will sustain a 5.5% growth rate in 1H18 from an expected gross domestic product growth of 5.7% in the fourth quarter of 2017.

The survey showed companies raised their prices in January, given 'strong upward pressure on cost burdens, ' particularly around insurance, fuel, transport, and food.

How to watch rare 'Super Blue Blood Moon' in WA
Murray said the blood moon effect comes from the sunlight streaming from the northern atmosphere giving the moon a red colouring. Everyone in the USA will be able to see at least some portion of the eclipse , with the best views in Western states.

Companies also continued to hire new staff - with the pace of job creation at a four month high.

"Indeed, services firms remained optimistic that business activity will be higher over the course of the year, with business confidence the strongest since last March", the report said.

That had sparked a shift in expectations about United Kingdom interest rates, with investors raising bets on a hike as early as May.

Russian followers banned from waving flags at PyeongChang Paralympics
Beucher claimed the IPC had been influenced by external pressure to create a way in which Russian athletes can compete. Russia's Paralympic committee deputy chief Rima Batalova said the announcement was not a surprise.

That, coupled with the government's plan to increase spending for rural areas and support farmers in its federal budget, could push up inflation and prompt the central bank to raise interest rates sooner-than-expected.



Other News

Trending Now

Royal Rumble winners can challenge champions from either brand at WrestleMania
The latter has been training for wrestling for a while now and it's only a matter of time before she appears on WWE television. WWE Royal Rumble is on the WWE Network , which is available through OSN, with the main show beginning at 4am UAE time.

Quantitative Systematic Strategies LLC Decreases Holdings in General Motors (GM)
It invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, and common stock. After $0.91 actual EPS reported by Target Corporation for the previous quarter, Wall Street now forecasts 30.77% EPS growth.

Apple's 6.1-inch LCD iPhone to feature 0.5mm bezels
This device could probably use a Full Active LCD display that will offer better technology over the iPhone 8 and 8 Plus display. Recent reports stated that when Apple reveals its new iPhones later this year, it will end production of the iPhone X.

Budget 2018-19: Jaitley has tough task ahead
There will also be a special focus on the upliftment of suburban trains in Mumbai and Bengaluru. The estimates of revenue foregone due to this measure is Rs 7,000 crore in 2018-19.

Z Will Not Be Performing At 2018 Grammy's Despite Reports
Mars is behind Jay-Z and Lamar with six nominations, including best R&B album, best R&B song and best R&B performance. In 2016, Lamar's breathlessly acclaimed To Pimp a Butterfly lost the album-of-the-year prize to Taylor Swift's 1989 .

60-yr-old Chicago serial stowaway nabbed, charged for trespassing airport premises
In 2014 she was arrested at LAX for successfully boarding a flight to Mineta San Jose Airport in California with no ticket. Hartman left jail on Thursday after a judge reduced her bond and dropped an electronic monitoring requirement.

Finance 'no issue' for health scheme
Niti Aayog CEO Amitabh Kant said the challenge is not resources for the scheme but challenge is its implementation. Nadda did not elaborate on the modalities of how the government proposes to go about implementing the scheme.

Xerox shares open higher amid news of Fujifilm takeover deal
Fuji Xerox will become a full subsidiary of Connecticut-based Xerox, and Xerox will change its name to the "new" Fuji Xerox. Xerox shareholders will receive a special cash dividend of $9.80 per share.

Polar bears go hungry as the Arctic ice melts
Even though the findings are based on only a few female polar bears, the result will be same for the polar bears of other areas. While four bears put on weight, five bears lost up to 10 per cent of their body weight - between 18 and 20 kg - in 10 days.

Billionaire couple's mysterious deaths being treated as murder
The shadowy "they" he spoke of were those profiting handsomely from the huge, global brand-name pharmaceutical industry. Gomes said investigators believe the couple was targeted and that they are speaking to a "significant list" of people.