Tag Archives: years

U.S. economy loses 33,000 jobs after hurricanes, first decline in seven years. But unemployment falls to 4.2 percent

Widespread flooding caused by Hurricane Harvey in La Grange, Tex. (Ralph Barrera/Austin American-Statesman/AP) The U.S. economy lost 33,000 jobs in the aftermath of Hurricanes Harvey and Irma last month, the first decline since September 2010. The unemployment rate declined slightly to 4.2 percent, the lowest since February 2001. Analysts had been expecting job growth to slump in September after the one-two punch ... Read More »

Anil Ambani says MF industry barely out of teens; can grow 10-fold in 5 years

Anil Ambani, Chairman of Reliance Group today, said the mutual fund industry is barely out of its teens and is poised to grow 10-fold in 5 years. He urged SEBI Chairman Ajay Tyagi to simplify investment and advertisement norms for mutual funds. Ambani said investing in mutual funds must be as easy as buying smartphones on internet. Ambani was addressing ... Read More »

BSE small-cap gives 72% return, Sensex 34% in 3 years

Blue-chip index Sensex and S&P BSE LargeCap companies have shelled out a return of 34.24% and 38.56%, respectively. Photo: Hemant Mishra/ Mint Mumbai: With 72% return to investors, S&P BSE SmallCap index has outperformed the Sensex and large-cap indices in the three-year period ended 31 May. While the small-cap index of the BSE has given a return of 72.11%, S&P ... Read More »

How this mom turned $775 into a $65 million company in only 5 years

In 2007, Julie Deane’s 8-year-old daughter, Emily, was being bullied — she’d lost her happy, extroverted personality and came home from school with bruises on her arms. The British mother of two made a promise that day to send her children to private school. But Deane only had £600 ($775) to spare, not the £24,000 ($31,000) it would take to ... Read More »

Oil rallies to best week in years after OPEC output deal

Oil prices rallied for their best week in at least five years on Friday, steadying above $51 a barrel, following OPEC’s decision to cut crude output to rein in a global glut that has weighed on prices for more than two years. After the deal was announced on Wednesday, the market focused on the implementation and impact of OPEC’s first ... Read More »

Tesco grows sales at fastest rate in three years – Kantar Worldpanel

Britain’s biggest supermarket Tesco (TSCO.L) saw sales grow at their fastest rate in three years in its most recent trading period, industry data showed on Tuesday, consolidating its return to market share growth and sending its shares higher. Market researcher Kantar Worldpanel said Tesco’s sales grew by 2.2 percent year-on-year in the 12 weeks to Nov. 6, boosting its share ... Read More »

China August Imports Rise for First Time in Nearly Two Years

China’s imports unexpected rose in August for the first time in nearly two years while exports fell at a more modest pace, suggesting demand at home and abroad may finally be perking up and putting the world’s second-largest economy on a more balanced footing. Exports fell 2.8 percent from a year earlier, the General Administration of Customs said on Thursday, ... Read More »

Last BHS stores to close for final time after 88 years

The closure of the final 22 shops around the UK came after the retailer was placed into administration in March but failed to find a buyer. Previous owners Dominic Chappell and Sir Philip Green have been criticised for mismanaging the chain and failing to protect the company pension scheme. Administrators have already made 141 store closures over recent weeks. These ... Read More »

‘Brump’ or ‘Trexit’? Markets may conflate year’s biggest risks

Even though market myopia is often used to explain why investors appear to be ignoring November’s U.S. presidential election while trading furiously around this month’s vote on Britain leaving the EU, the two events may end up being conflated. Fund managers and economists, including Harvard professor and Democrat grandee Lawrence Summers, puzzle endlessly as to why UK and European markets ... Read More »

U.S. consumer prices post largest gain in three years; housing starts up

U.S. consumer prices recorded their biggest increase in more than three years in April as gasoline and rents rose, pointing to a steady inflation build-up that could give the Federal Reserve ammunition to raise interest rates later this year. Other data on Tuesday showed housing starts rose more than expected last month, with builders ramping up the construction of single ... Read More »