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Indian Services Activity Rebounds At Fastest Pace In 18 Months In August Amid Rising Business Orders

"The Indian service sector bounced back in August, led by the reopening of several establishments and improved client confidence due to growing vaccine coverage,"

PM Modi To Receive CERAWeek Global Energy And Environment Leadership Award Next Week

ANI

Economy India

Prime Minister Modi will participate in a special plenary with Daniel Yergin, vice chairman of IHS Markit and conference chair on March 5.

UK Economy Set For Q1 Hit But Vaccines Are Raising Recovery Hopes

BW Online Bureau

Companies & Markets

The PMI for the services industry alone, which accounts for the bulk of Britain's private-sector economy, fell to 39.5 in January from 49.4 in December, its lowest since May and marking a third month of contraction.

Indian manufacturing industry starts 2021 with strong growth: IHS Markit

ANI

Indian manufacturing industry starts 2021 with strong growth: IHS Markit

LNG Price Boom Set For Fall As Warmer Weather Looms In Asia

BW Online Bureau

Companies & Markets

Spot LNG prices have jumped by nearly 200% in the last month as freezing temperatures across North Asia boosted demand and depleted inventories. Over the last six months, they have soared by a dizzying 1,000%.

Indian Economy To Rebound With 8.9% Growth In FY22

BW Online Bureau

Economy India

India Ratings & Research said the NSO projections for GDP growth in FY21 mean that the size of the Indian economy is expected to shrink to Rs 134.40 lakh crore in FY21 as against Rs 145.66 lakh crore in FY20.

Euro Zone Contraction Deeper Than Thought In December As Lockdowns Bite - PMI

BW Online Bureau

Companies & Markets Sector Reports

IHS Markit's final December Composite Purchasing Managers' Index (PMI), seen as a good gauge of economic health, did rise to 49.1 from November's 45.3 but was significantly below a flash reading of 49.8.

Hong Kong Business Activity Falls Sharply, Hurt By Transport Delays - PMI

BW Online Bureau

Companies & Markets Sector Reports

A recent resurgence of COVID-19 cases around the world has caused delays in the transportation of shipping containers in many major markets, leaving China's manufacturing powerhouses without means of moving goods to their destinations.

Manufacturing production, new orders expand further: IHS Markit

ANI

Manufacturing production, new orders expand further: IHS Markit

UK Construction Industry Sees Biggest Rise In Orders Since 2014 - PMI

BW Online Bureau

Companies & Markets

An all-sector PMI released at the same time sank to 49.5 from 52.2, its first time below the 50 mark that separates growth from contraction, largely due to weakness in the services sector reported on Thursday.

Euro Zone Factory Recovery Faltered In November, Vaccine Hopes Drive Optimism - PMI

BW Online Bureau

Companies & Markets

IHS Markit's final Manufacturing Purchasing Managers' Index (PMI) fell to 53.8 in November from October's 54.8 but was ahead of the 53.6 flash estimate.

S&P Global In Advanced Talks To Buy IHS Markit For About $44 Billion - WSJ

BW Online Bureau

Companies & Markets Sector Reports

S&P Global provides debt ratings of sovereigns, companies, as well as data to capital and commodity markets around the world.

UK Economy Shrinks As New Lockdown Shuts Services Firms - PMI

BW Online Bureau

Economy

Britain's economy is widely expected to contract in the fourth quarter - albeit by less than it did around the time of the first coronavirus lockdown - after Prime Minister Boris Johnson ordered a four-week lockdown for England.

India's Services Activity Grows In October For First Time In Eight Months

BW Online Bureau

Economy India

India has the world's second-highest coronavirus caseload at well over 8 million, behind only the United States. New daily cases in India have been falling since September, but experts warn infections could rise again during the festival season.