Good News

US ban on BP for new contracts lifted

US ban on BP for new contracts lifted

Post the oil rig explosion in the Gulf of Mexico in 2010, the United States had placed a ban on the British energy giant BP from applying for new contracts.

China Reports Strong Export Numbers for November

China Reports Strong Export Numbers for November

China has reported strong numbers for November giving strong indication of stable recovery. The second largest economy witnessed 12.7 per cent rise in exports, which were above the expectations of market analysts. Reuters poll had forecast 7.1 percent rise in exports during November.

Housing Starts in US rise by 0.9 percent

Housing Starts in US rise by 0.9 percent

Housing starts were higher by 0.9 percent in August in US, as per seasonally-adjusted data. The housing data was lower than expected by market experts as multi-family home starts were lower. The single-family housing market is still recovering, which is a good sign for economy.

US Industrial Production Higher by 0.4% in August

US Industrial Production Higher by 0.4% in August

The industrial production increased by 0.4% during August, slightly lower than analyst expectations. However, comparing the data for last six months, the manufacturing rose by the highest margin. As per analyst estimates, the factory output was expected to rise by 0.5 percent.

Economic Growth in UK will Boost Investor and Consumer Confidence

Economic Growth in UK will Boost Investor and Consumer Confidence

United Kingdom GDP growth projection has been revised from 0.6% to 0.7% by Office for National Statistics (ONS) for second quarter.

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