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The S&P Global Flash US Composite PMI, which gauges activity in the manufacturing and services sectors, rose to 55.3 in November from 54.1 in October, according to the surveys published on Friday. That accelerates a previously climbing trend and suggests activity is expanding at its fastest rate in some two and a half years. This showed that "US economic activity continued to grow robustly this month as confidence among US businesses surged following the election of Donald T...
US private-sector activity picks up pace as firms look forward to new government: survey
Falling U.S. crude inventories caused oil prices to rebound on Wednesday after several days of decline, while expectations for a nearing ceasefire deal in the Middle East kept prices from continuing to climb. Brent crude futures for September rose 46 cents to $81.47 a barrel by 0020 GMT. U.S. West Texas Intermediate crude for September increased 42 cents to $77.38 per barrel. U.S. crude oil, gasoline and distillate inventories fell last week, according to market sources citing the Ameri...
Oil prices rise as US crude and fuel inventories seen shrinking
The United Nations (UN) migration agency has said that India received over $111 billion in remittances in 2022, the largest in the world, becoming the first country to reach and even surpass the $100 billion mark. The International Organisation for Migration (IOM), in its World Migration Report 2024, said that in 2022, India, Mexico, China, the Philippines and France were the top five remittance recipient countries. Mexico was the second-largest remittance recipient in 2022, a position it als...
India received over $111 billion in remittances in 2022: United Nations
The US government has announced a plan to award Micron Technology up to $6.14 billion in grants and $7.5 billion in loans to support the US chipmaker's plan to build new factories, as it strives to bolster domestic semiconductor production. Micron last year started construction of its India semiconductor plant in Sanand, Gujarat. The first 'Make in India' chip is all set to arrive in December from the Rs 22,500 crore Micron semiconductor plant. The White House said that the ...
US awards $13.6 billion to Micron which has a chip plant in progress in India
LG Electronics has opened its first plant in the U.S. for electric vehicle (EV) charging stations, as part of its strategy to advance into the fast-growing EV charging solutions business. The factory based in Fort Worth, Texas, has an annual capacity of over 10,000 units, according to LG Electronics. LG said earlier its 11 kilowatt wall-mounted and stand-type slow chargers, and 175 kW fast-charging models will be available in the U.S. market in the first half of 2024, reports Yonhap new...
LG opens 1st overseas EV charger plant in US
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