Business

Manufacturing PMI demonstrates a booming industry

China's manufacturing sector remained in the expansion territory in August, fuelled by the strongest increase in new business for just over three years. "(The) survey showed growth moving broadly sideways, maintaining the recent positive trend of improvement in the health of the manufacturing sector", said Paul Smith, senior economist at IHS Markit, which compiles the survey.

Business

EUR/USD Ticks Higher on Euro-Zone Inflation Uptick, ECB Key

Official flash estimates on Thursday showed that consumer prices in the region had risen by 1.5 per cent in August, compared to the same month previous year, up from an increase of 1.3 per cent in July. At the same time, the unemployment rate among youth, aged below 25, rose slightly to 19.1 percent in July from 19 percent in June. On Thursday, it faltered somewhat after the inflation data, trading down 0.1 percent at $1.1880.

Business

Government Clears First Phase Of Army Reforms As Recommended By Shekatkar Committee

He added that post demonetisation, direct tax collection has expanded substantially. It is also pertinent to mention here that the Rs 15.28 lakh crore in demonetised notes that the RBI claims was back in the banking system is still a provisional figure.

Business

Colonial Pipeline shuts down Line 1 and 2

The longer the outage, the higher the chances of spiking prices and shortages like those that followed Hurricanes Katrina and Rita in 2005. The pipeline provides almost 40 percent of the South's gasoline. He said the relief effort was his way of giving back to those who need help. The pipeline company announced Thursday that it closed portions of the pipeline west of Lake Charles , La., as a result of the storm.

Business

Local residents helping victims of Hurricane Harvey

Marie from the Red Cross said, "This is a wonderful organization!" "We are starting to look into the future, understanding and knowing that we are now going to need volunteers to help with the recovery process which is damage assessment and case work".

Business

Oil prices fall as refinery production dips in US

Louisiana had become the last exit and entry point into refinery row on the U.S. Gulf Coast. In the refined product market, United States gasoline prices increased by 3% at $1.8380 per gallon, the most since 31 July 2015. Crude prices, by contrast, fell as the closure of so many USA refineries led to a slump in demand for the most important feedstock for the petroleum industry.


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