STOCKMARKET

UK economy overcast but outlook improves

LONDON: Growth across Britain’s private sector cooled slightly in the three months to September, an industry survey showed on Sunday, although companies were mostly upbeat about their prospects for the next three months.The Confederation of British Industry’s monthly indicator of output for manufacturers, retailers and services companies slipped to +11, down from +14 for the three months to August.“Growth in ...

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HiFX Morning Update, October 2, 2017

Monday, 2 October 2017, 8:18 amPress Release: HiFX HiFX Morning Update, October 2, 2017 The NZDUSD opens at 0.7203 (mid-rate) this morning. A quiet end to the quarter saw the NZD trade tight ranges against all its rivals. The NZDUSD closed out the week just above 0.7200 down nearly 2% since the September 24th election. Friday’s US economic data releases ...

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Key data to guide trade as Q4 starts

KEY economic data due out soon could dictate price movements as the stock market enters the fourth quarter. “It looks like we’d be going … sideways … because there’s nothing positive this week,” Summit Securities, Inc. President Harry Liu said. News that US President Donald Trump will be visiting the country in November could provide a small boost but “other ...

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Commercial property prospects look healthy

Dunedin’s commercial property sector is in good health with high rental yields, low vacancy rates and office rents at multi-year highs — plus an expected boost from the up to $1.4billion hospital build. Economic data analysis company Infometrics said commercial property in Dunedin tended to “slip under the radar” of investors, as few buildings were of sufficiently high value to ...

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Is GDP still relevant to measure Nigeria’s economic progress?

For many decades, statisticians and economists have used Gross Domestic Product (GDP) as the basic tool for measuring economic progress. GDP aggregates the value of all economic activities in a country. It is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period. For instance, the GDP figures released by ...

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Saudi Arabia finalizes seven deals with Russia worth $1 bln

Moscow – Business relations between Saudi Arabia and Russia have been making headway at a steady phase since 2015, when the Public Investment Fund (PIF) announced its plan of investing $10 billion in the Russian economy during the next five years. This has resulted in Saudi Arabia becoming one of the biggest foreign investors in Russia. Both the countries have ...

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Price competition hits food firms’ revenue

Image copyright Walkers Shortbread Two of Scotland’s best-known food firms – Walkers and Lees – have announced profits reflecting volatile prices. Walker’s Shortbread published accounts which showed both the boost from exports but also rising import costs. It also warned that fierce price competition in the UK market, particularly for own-brand contracts, will continue to squeeze its margins. Revenue at ...

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UK economy cools in 3 months to Sept but outlook better — CBI

The expansion eased in factories and fizzled out in business and professional services firms London:Growth across Britain’s private sector cooled slightly in the three months to September, an industry survey showed on Sunday, although companies were mostly upbeat about their prospects for the next three months. The Confederation of British Industry’s monthly indicator of output for manufacturers, retailers and services ...

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