Sectors News Results

  • UK Energy Industry Pledges Net Zero Power System in 2030s

    The U.K. energy sector on Wednesday committed to deliver a net zero power generation system in the 2030 s. A few days before the COP26 climate change conference starts in Glasgow, British companies represented by industry association Energy UK have pledged to tackle the remaining 12% share of the U.K.' s emissions that come from generating electricity. According to the British government, power stations generated 50.1 million metric tons out of the total 414.1 million tons of...

  • US Economic Growth Gains Steam in October Despite Supply Bottlenecks - IHS Markit

    U.S. business activity accelerated in October despite severe shortages of staff and materials as the services sector revived from the Covid-19 Delta wave, according to a survey of purchasing managers. The flash reading for the U.S. Composite Output Index rose to 57.3 in October from 55.0 in September, data from IHS Markit released Friday showed.

  • Japanese Executives Call for More Oil and Gas Investment Amid Tight Supply

    TOKYO--Japanese oil-and-gas industry executives on Thursday called on the government to support further investment in the industry, citing short supplies. The Japanese government said it has secured additional power supplies for January and February but has a slim buffer if the winter is colder than usual. The Tokyo area's capacity margin is projected at above 3% in the first two months of 2022, the tightest projection in a decade, according to Japan's Organization for...

  • U.S. Housing Starts Decreased in September; Building Permits Fell Sharply

    Construction of new homes in the U.S. decreased in September after rising the previous month, according to data from the Commerce Department released Tuesday. Here are the main takeaways from the report:. --Housing starts, a measure of U.S. homebuilding, decreased 1.6% in September compared with August, to a seasonally adjusted annual rate of 1.555 million.

  • Housing Starts and Existing Home Sales on the Docket -- Data Week Ahead

    The following are forecasts for next week's U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Monday 0915 Industrial Production Sep +0.2% +0.4% 0915 Capacity Utilization Sep 76.5% 76.4% 1000 Housing Mkt Index Oct 76 76 Tuesday 0830 Housing Starts Sep 1.61 M 1.615 M-- percent change Sep -0.3% +3.9% 0830 Building Permits Sep 1.69 M 1.728 M-- percent change Sep -2.2% +6.0% Thursday 0830 Jobless Claims Oct 16 293 K 293 K 0830 Phila...

  • France Bets on Low-Carbon Plane, E-Vehicles as Part of EUR4 Billion Transport Investment

    French President Emmanuel Macron said Tuesday that his government plans to invest four billion euros in the country's transport sector, as part of a broader five-year plan to create a more competitive economy. The plan, which has been dubbed "France 2030," will seek to invest a total of EUR30 billion, with the view to boosting growth through innovation and re-industrialization, and decarbonizing industry. The nuclear, renewable energy, tech and transport sectors will be among the...

  • Conference Board's Employment Trends Index Fell in September

    An index that measures U.S. employment trends decreased in September for the first time in seven months, signaling that the recovery of the labor market from the pandemic-induced shock could be bumpy in the months ahead. The Conference Board Employment Trends Index fell slightly to 110.35 in September from a revised 110.68 in August, according to data released Monday. The release of the index follows Friday's employment report from the Bureau of Labor Statistics, which showed...

  • RBA Sees Financial Stability Risks From Record-Low Rates, Housing Boom

    SYDNEY--Record low interest rates have contributed to higher house prices, creating the potential for excessive borrowing, the Reserve Bank of Australia said Friday in a report card on the stability of the country's financial sector. "Low interest rates have contributed to high prices for financial assets and housing. There has been some increased risk-taking and higher borrowing, "the RBA said.

  • U.S. Services Sector Growth Held Up in September But Shortages Persisted -- ISM

    Services sector activity in the U.S. kept its growth momentum in September amid strong demand and despite widespread supply-chain and labor shortages, according to data released Tuesday from a purchasing managers survey compiled by the Institute for Supply Management. The ISM Services Report on Business PMI increased slightly to 61.9 in September from 61.7 in August. The reading beats economists expectations polled by The Wall Street Journal, who expected the indicator to...

  • U.S. Service Sector Growth Slowed Slightly in September -- IHS Markit

    Growth in the U.S. services sector continued to moderate in September as supply-chain bottlenecks, labor shortages and the Covid-19 Delta variant weighed on activity, according to data released Tuesday from a purchasing managers' survey compiled by IHS Markit. Services Purchasing Managers' Index decreased slightly to 54.9 in September from 55.1 in August. The reading is above the preliminary estimate of 54.4 and the forecast from economists polled by The Wall Street Journal.

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