Housebuilding posts first fall in almost two years: PMI

Housebuilding was the weakest-performing area of construction activity for the fourth month running in June, registering the first overall downturn in residential work in almost two years, according to the S&P Global/CIPS UK Construction Purchasing Managers’ Index. The housing sector posted a reading of 49.3 last month, below the 50.0 no-change mark, signalling the first … Read more

States’ borrowing cost remains high at 7.86% despite fall in G-secs yield

The borrowing cost for the states continues to remain elevated, sniffing at the 7.9-per cent mark for the fourth consecutive week despite the average cut-off slipping marginally by 2 bps to 7.86 per cent at the latest auction of debt on Tuesday. Nine states raised Rs 13,500 crore through … Read more

3-Year-Old Boy Dies After Fall from 29th Floor NYC Apartment

NEW YORK (AP) — A 3-year-old boy died after falling from a 29th floor balcony of a New York City apartment building on Saturday morning, police said a preliminary investigation shows. Officers found the injured toddler lying on a 3rd floor scaffolding after receiving a 911 call at 11:09 a.m. The boy was taken to … Read more

Urban FMCG sales see sharper fall than rural in June, shows data

Fast-moving consumer goods (FMCG) sales continued to be lower in June compared to May with urban sales witnessing a steeper decline than rural. Sales of goods from shampoos to biscuits stayed lower due to inflationary pressures on commodities. This pushed consumer companies to continue taking price hikes, thus impacting … Read more

Ukraine war to shift to Donetsk after fall of Luhansk; Russia claims major victory

Breadcrumb Trail Links PMN Business Author of the article: Reuters Tom Balmforth and Max Hunder Article content KYIV — Russian forces in Ukraine will focus on trying to seize all of the Donetsk region, having forced Ukrainian troops to withdraw from the last major city under their control in the neighboring Luhansk region, the governor … Read more

India to drop windfall tax if oil prices fall $40 a barrel: Revenue Secy

India will only withdraw its windfall tax introduced last week for oil producers and refiners if global prices of crude fall as much as $40 a barrel from present levels, Revenue Secretary Tarun Bajaj told Reuters on Monday. The tax on firms that have increased product exports to gain … Read more

Zelenskiy adviser concedes last eastern Ukraine bastion could fall

Breadcrumb Trail Links PMN Business Author of the article: Reuters Pavel Polityuk and Simon Lewis and Nick Starkov Publishing date: Jul 02, 2022  •  10 minutes ago  •  4 minute read  •  Join the conversation Article content KYIV/KONSTYANTYNIVKA — Fighting intensified for Lysychansk, Ukraine’s last big bastion in the strategic eastern province of Luhansk, as an … Read more

Zelenskiy adviser concedes key bastion could fall in eastern Ukraine

Breadcrumb Trail Links PMN Business Author of the article: Reuters Pavel Polityuk and Simon Lewis and Nick Starkov Publishing date: Jul 02, 2022  •  18 minutes ago  •  4 minute read  •  Join the conversation Article content KYIV/KONSTYANTYNIVKA — Fighting intensified at the weekend for Lysychansk, Ukraine’s last big bastion in the strategic eastern province of … Read more