Category : Economy

But exports of crude oil and natural gas fall even as next year’s projected outlay for petroleum sector contracts, reports Team IFM Oslo, June 20: Norway’s exports of crude oil and natural gas, the mainstay of its economy, fell in May even as its overall shipment value rose to $5.4 billion on the back of...

Output goes on upswing at factories and mines though utilities moved down to notch fourth consecutive month of decline, reports Team IFM New York, June 20: American industrial production rose last month after a slight dip in April in continuation of a trend discerned in New York state factories, recent official data shows, confirming an...

Key confidence index now just one point shy of “good-conditions” level, reports Team IFM Washington, June 19: American real estate firms are finally feeling breathing easy. For the first time this year, the confidence index of a leading association of developers of newly built, single-family homes rose in June, reflecting builders’ belief that the conditions...

New orders log brisk ascent, output highest since 2011 and six-month outlook looks promising, reports Team IFM New York, June 19: A key measure of factory conditions in New York State for June topped the multiyear high reached last month, indicating that the improved business situation is likely to continue, even as an independent economy...

The huge investment made in World Cup facilities and related infrastructure may not throw up benefits as touted by the government, reports Team IFM Rio de Janeiro, June 19: The soccer World Cup tournament going on in Brazil puts a spotlight not only on the sport and its colourful fans, but also on the economic...

Independent data also paints slow days in May while analysts fear more weaknesses emerging this quarter, reports Team IFM Sao Paolo, June 18: Brazil’s once-bustling economy went on a sloth mode in April, with its business activity showing only moderate upswing despite the imminent FIFA World Cup, even as an independent report projected a downcast...

The central bank has kept the base rate untouched for months, but an uptrend in the inflation rate and slight slippage in export performance may call for some policy changes, reports Team IFM Seoul, June 18: South Korea’s central bank held its benchmark interest rate steady at 2.5 percent for a 13th straight month, but...

Manufacturing, services recoveries in Germany, Italy and Spain offset weakness in France, reports Team IFM Brussels, June 18: The euro zone is on course to record its best calendar quarter of economic growth in three years in the April-June period this year, according to financial information provider Markit, endorsing a European Commission finding that business...

Although hit hard by Boko Haram insurgency and killings, the country manages to remain on the growth track as the threats prove least deterring for investors, reports Team IFM Abuja, June 17: Nigeria’s economy grew at an estimated 6.6 percent in the first quarter of the year, its central Bank said citing figures from the...