Economy News

World Bank to Help Immunize 34.8 Million Children in Pakistan Against Polio

The World Bank’s Board of Directors today approved a US$24 million second additional financing for the Third Partnership for Polio Eradication Project (TPPEP) to support the Government of Pakistan’s efforts to immunize 34.8 million children against the crippling effects of polio with the goal of eradicating the disease from the country. In 1988 when the [...]

Xetra Orderbook Turnover at 91 Billion Euros in September

Order book turnover on Xetra and the Xetra Frankfurt specialist trading stood at €95.8 billion in September – a decrease by 27 percent year-on-year (September 2011: €131.7 billion). Of the €95.8 billion, €91.1 billion were attributable to Xetra (September 2011: €126.1 billion). €4.7 billion were attributable to the Xetra Frankfurt specialist trading (September 2011: €5.5 [...]

Talanx AG IPO on the Prime Standard

Talanx AG (ISIN: DE000TLX1005) joined the Prime Standard of the Frankfurt Stock Exchange on 2 October. The placement volume in shares at the IPO totalled 26,011,564 (excl. greenshoe). The issue price was 18,30 € and the initial listing price 19,05 €. The lead managers are Deutsche Bank and Berenberg Bank, which are also acting as [...]

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‘Transforming Societies Through Jobs’

Working under the hot Jamaican sun on a noisy construction site is not easy, but the job means a lot to Shernette Chin. “It helps me out with my kids,” says Shernette. “If I didn’t have this job, I don’t know how I would manage.” While individuals value jobs for the income, some jobs benefit [...]

Average Daily Volume of 10.2 Million Contracts at Eurex Group in September

In September 2012, the international derivatives markets of Eurex Group recorded an average daily volume of 10.2 million contracts (September 2011: 12.4 million). Of those, 7.5 million were Eurex Exchange contracts (September 2011: 9.1 million), and 2.7 million contracts (September 2011: 3.3 million) were traded at the U.S.-based International Securities Exchange (ISE). At Eurex Exchange, [...]

Indian Output Rises at Stronger Rate in September

Indian output expanded solidly and at a faster rate than August. Panel members linked the latest increase to stronger demand. Order book volumes increased for the forty-second successive month amid reports of stronger demand, good product quality and increasing marketing. New export orders increased for the first time since June. The pace of growth was [...]

Russian Manufacturing PMI Improves to Four-month High in September

Survey data signalled an improving business climate for Russian manufacturers in September. The latest HSBC PMI data compiled by Markit extended the current sequence of gains to 12 months, and marked the best overall performance since May. Growth rates for output, new orders and employment all accelerated, and new export business stabilised having declined the [...]

Indonesian Production Increases for Third Month Running

Output in the Indonesian manufacturing sector increased moderately during September. However, new order growth was the slowest in three months and new export orders continued to fall. With workforces contracting, backlogs of work were accumulated. Whereas pre-production inventories increased, stocks of finished goods were depleted. Meanwhile, input and output price inflation persisted in the latest [...]

Taiwan Manufacturing Falls at Fastest Rate in Ten Months

Falling demand in domestic and international markets led to a fourth successive fall in Taaiwan’s manufacturing output. New orders and new export business both fell at the fastest rates in ten months. Survey panellists mentioned that deteriorating business conditions worldwide led to reduced demand for manufactured products. Donna Kwok, Economist at HSBC in Asia said: [...]

Manufacturing PMI Signals Marginal Worsening of Vietnam’s Operating Conditions

The HSBC Vietnam Manufacturing PMI signalled a further worsening of manufacturing sector operating conditions during September, although the rate of deterioration was only slight. This was highlighted by a rise in the headline index from 47.9 to a five-month high of 49.2. September data showed that manufacturing output was little changed since the month before, [...]

Dutch Manufacturing Sector Returns to Expansion in September

Dutch manufacturing sector operating conditions improved slightly in September. Output was bolstered by a marginal increase in incoming new orders, while employment rose modestly. However, input prices increased at a marked pace, putting pressure on operating margins as output charges declined further. The headline NEVI Purchasing Managers’ Index (PMI) – a composite indicator designed to [...]