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S&P Global to buy IHS Markit in $44 billion mega deal
The mega-deal, which IHS Markit Chief Executive Officer Lance Uggla told employees in a memo had been in the works for the last few months, highlights the growing importance of big data in financial markets governed by information-hungry trading algorithms.
US manufacturing, services activity expanding rapidly in November: IHS Markit
The readings also offered one of the first pictures of the stat...
Pace of manufacturing activity slows in November, PMI falls to 3-month low
Business optimism faded slightly in November. Output growth is sti...
S&P Global in advanced talks to buy IHS Markit for $44 bn: Report
S&P Global provides debt ratings of sovereigns, companies, as well as data to capital and commodity markets around the world.
Services activity contraction weakens in July but downturn not slowing: IHS Markit
The IHS Markit Services Business Activity Index was 34.2 in July as against 33.7 in June. A reading above 50 indicates expansion and below that, shows contraction in business activity. As per the release, the latest reading remains close to the lowest recorded in nearly 15 years of data collection, surpassed only by the unprecedented falls in the previous three months.
Asian factories continue recovery from COVID-19 woes as China booms
But a global resurgence in coronavirus infections has made the outlook highly uncertain, keeping governments and central banks under pressure to maintain or ramp up their massive stimulus programmes, analysts say.
India's services activity shrinks for sixth straight month, but pace of decline slows
Thursday's survey adds to the gloom in the service sector, an engine of economic growth and jobs, suggesting a long and painful road to recovery after the economy shrank nearly a quarter in April-June.
Service activity moves towards recovery, September PMI at 49.8
Signs of stabilisation in services are likely to provide more comfort to policymakers after a sister survey on Thursday showed India's manufacturing expanded at its fastest pace in over eight years, suggesting business conditions were gradually returning to normal in Asia's third-largest economy.
Green shoots visible in September but companies want more support
Purchasing Managers’ Index jumps to the highest in eight-and-half years in September, goods and services tax collections in the month crossed last year’s levels.
India's factory activity grew at fastest pace in over eight years in September: PMI
The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, jumped to 56.8 in September from 52.0 in August, above the 50-level separating growth from contraction for a second straight month. It was the highest reading since January 2012.
Indian economy set for post-COVID-19 rebound as FDI remains buoyant: IHS Markit
"The severe negative impact is expected to result in a significant contraction in GDP in the April-June quarter of 2020, resulting in a recession in the 2020-21 financial year with GDP expected to contract by 6.3 per cent year-on-year," IHS Markit said in its outlook on the Indian economy.
Dubai's non-oil private sector slows down in October: PMI
The seasonally adjusted IHS Markit Dubai Purchasing Managers' Index (PMI) declined to 49.9 in October from 51.5 in September, edging below the 50 mark that separates growth from contraction.
UK heading for double-dip recession this winter: PMI
The restrictions are less wide-ranging than in March and April, but some economists have predicted output in November will fall by as much as 10%, reducing output for the fourth quarter by around 3%.
UAE non-oil private sector shrinks for second time in three months
The seasonally adjusted IHS Markit UAE Purchasing Managers' Index (PMI), which covers manufacturing and services, fell to 49.5 in October from 51.0 in September, slipping below the 50.0 mark that separates growth from contraction for the seventh month this year.
Saudi non-oil private sector grows for second straight month
The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers' Index (PMI) rose to 51.0 in October from 50.7 in September. The 50.0 mark separates growth from contraction.