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Tag: GDP

Statistics Canada set to release GDP figures for June, Q2 – National
Global News

Statistics Canada set to release GDP figures for June, Q2 – National

Statistics Canada is expected to release its latest reading on economic growth Wednesday morning. The agency is set to release gross domestic product figures for the month of June and the second quarter of this year.A preliminary estimate for the second quarter provided in Statistics Canada’s last report pointed to 4.6 per cent annualized growth, up from 3.1 per cent for the first three months of the year.RBC says GDP likely rose in the second quarter but there are “clear signs” it began losing steam over May and June. Trending Stories The central bank has called the Canadian economy “overheated” and has been combatting high inflation with a series of interest rate hikes. Story continues below advertisement With the annual inflation r...
Rise in U.S. business equipment spending allays recession fears
Business

Rise in U.S. business equipment spending allays recession fears

Core capital goods orders increase 0.4% in JulyCore capital goods shipments rise 0.7%Durable goods orders unchangedPending home sales fall 1.0% in JulyWASHINGTON, Aug 24 (Reuters) - New orders for U.S.-manufactured capital goods increased in July, but the pace slowed from the prior month, suggesting a moderate rebound in business spending this quarter.The report from the Commerce Department on Wednesday also showed solid gains in shipments of these goods. While part of the rise was because businesses are spending more due to higher prices, the data was another sign that the economy continues to grow at a slow pace and was not in recession."The absence of a sustained decline in orders suggests that businesses are still investing despite tighter financial market conditions, a drop in sent...
EXCLUSIVE Malaysia’s Tenaga plans $1 bln IPO for power business, sources say
Business

EXCLUSIVE Malaysia’s Tenaga plans $1 bln IPO for power business, sources say

A view of Tenaga Nasional Berhad headquarters in Kuala Lumpur, Malaysia, October 13, 2015. REUTERS/Olivia HarrisRegister now for FREE unlimited access to Reuters.comRegisterSINGAPORE, Aug 12 (Reuters) - Malaysian electricity utility Tenaga Nasional Bhd (TENA.KL) plans to set begin the process next year for a potential $1 billion listing of its power generation business, sources close to the matter told Reuters.In what would be the country's largest initial public offering (IPO) in a decade, TNB Power Generation Sdn Bhd, known as TNB Genco, could be valued at about $4 billion, the sources said, declining to be named owing to the confidential nature of the matter.Proceeds from the offering will be used to grow TNB Genco's renewable energy portfolio, they added.Register now for FREE unlimi...