Economy

According to GDP data released on Wednesday, which uses the rebased IIP, the gross value added (GVA) in the manufacturing sector grew 5.3 percent 2016-17 against 7. Construction activity contracted 3.7 per cent year-on-year in the March quarter compared with a 3.4 per cent growth in the quarter prior. A decrease in private sector investement and a banking sector riddled with bad debt continue to dampen economic growth.
  • Conservatives' lead over Labour seen narrowing - Panelbase

    Economy

    The decision was made on the back of polls that at times put the Conservatives 20 points ahead and on course for an overwhelming victory. But sterling reversed course in the afternoon, after a poll from Kantar showed the Conservatives' lead over Labour had stretched to 10 points, up from eight points in its previous poll last week.
  • Drilling Down Into Energy Transfer Equity, L.P. (ETE)

    Drilling Down Into Energy Transfer Equity, L.P. (ETE)

    Economy

    Saba Capital Management L.P. holds 0.31% of its portfolio in MFS Intermediate High Income Fund for 1.19 million shares. Sterling Capital Limited stated it has 0% in Energy Transfer Equity LP (NYSE:ETE). Investors sentiment decreased to 1.03 in Q4 2016. Its up 0.17, from 1.44 in 2016Q3. Hsbc Holdings PLC now owns 9,764,692 shares of the pipeline company's stock worth $163,949,000 after buying an additional 4,191,129 shares in the last quarter.
  • Marathon Petroleum Corp (MPC) Position Cut by Texas Permanent School Fund

    Economy

    The company's quarterly revenue was up 88.1% compared to the same quarter previous year. Apg Asset Management Nv owns 1.15 million shares. It has outperformed by 29.50% the S&P500. The stock increased 1.75% or $0.51 on May 26, reaching $29.68. The net percent change held by Institutional Investors has seen a change of -6.72% in last three month period.
  • Trump poised to pull USA out of climate deal

    Trump poised to pull USA out of climate deal

    Economy

    While a final decision has not been announced , reports Wednesday morning that President Donald Trump is leaning towards pulling the US out of the Paris Climate Accord has critics howling that such a move would be bad politics and policy.
  • World's Largest (and Oddest-Looking) Aircraft Rolled Out for Tests

    World's Largest (and Oddest-Looking) Aircraft Rolled Out for Tests

    Economy

    The Stratolaunch carrier plane is created to launch rockets into orbit from an altitude of 30,000 feet (9,100 meters). When the ambitious venture was launched some six years ago by philanthropist Allen, partners in the project vowed it would revolutionize orbital travel in the post-space shuttle era.
  • Strong, swift UN reaction to Trump on climate

    Economy

    As Michael Shear and Coral Davenport rightly note in The New York Times , Trump has been known to change his mind at the last minute, even after his "closest advisors" have already alerted reporters that he was going to make a certain decision.
  • Redefine International PLC (RDI) Given "Neutral" Rating at JPMorgan Chase & Co

    Economy

    Diageo plc ( LON:DGE ) traded up 0.17% during trading on Wednesday, reaching GBX 2327.00. About 222 shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since May 31, 2016 and is uptrending. The stock of Xenon Pharmaceuticals Inc (NASDAQ:XENE) has "Buy" rating given on Monday, September 26 by Guggenheim. On Wednesday, January 11 the stock rating was maintained by Shore Capital with "Sell".
  • China-built railway biggest Kenya project since independence

    China-built railway biggest Kenya project since independence

    Economy

    Kenya has just opened its largest infrastructure project in over 50 years-with a little help from some Chinese friends. In an interview with Xinhua on the sidelines of a ceremony held here in Nairobi for the release of the company's social responsibility report regarding the SGR project, Chen said that the company has endeavored to build the Kenya SGR project into a quality project that will endure the test of time.
  • Sterling hammered by poll showing risk of hung parliament

    Economy

    Sterling fell around 2 per cent last week after polls showed the Conservatives' lead over Labour had shrunk from as much as 20 points in April. Just over half of the 1,009 respondents said May would make the best prime minister, whilst support for Labour's Jeremy Corbyn stood at just 30 percent, albeit higher than in previous surveys.