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
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
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
US stocks traded lower Tuesday morning, reversing course after last Friday’s gains as concerns over the potential for a deeper economic downturn persisted. The S&P 500 dropped by more than 1.5% as traders returned from a long holiday weekend. The Dow declined by more than 550 points, or 1.8%, shortly after market open, and the … Read more
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
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 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
Housing sales in Delhi-NCR fell 19 per cent to 15,340 units in April-June compared to the previous quarter on lower demand due to rise in property prices as well as mortgage rates, according to Anarock data. In January-March 2022, housing sales stood at 18,835 units across NCR. According … Read more
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
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