City Lima Financial News

India's manufacturing growth softened for the second straight month as demand eased, which alongside bigger increases in the cost of raw materials had an impact on business confidence, a private survey showed on Wednesday. S&P Global Manufacturing Purchasing Managers' Index showed factory activity dropped to an eight-month low of 55.5 in October from 57.5 in September. A Reuters poll had forecast an uptick of 57.7. However, the index has remained over the 50-mark, which separates expansion from contraction, for the 28th consecutive month. «India's manufacturing sector generated substantial growth in October, despite a challenging global economic environment.

Argentina will play Peru in FIFA 2026 World Cup qualifying match. If Lionel Messi plays at Peru, coach Lionel Scaloni might have to remove either Julián Alvarez or Lautaro Martinez from the lineup that beat Paraguay. Argentina's captain Lionel Messi has reunited with the Albiceleste squad for the internationals scheduled for October. However, the fitness of the seven-time Ballon d'Or winner remains uncertain. The 36-year-old Inter Miami forward has been absent from four of his club's last five matches due to a scar tissue issue. As Argentina entered the international break with a perfect record of two wins in South America's World Cup qualification tournament, Peru, on the other hand, only had one point to their name. World Cup qualifier for CONMEBOL between Argentina and Peru will be played at Estadio Nacional del Perú in Lima on Tuesday. The kick-off is scheduled at 10 pm (ET) or 7 pm (ET). Argentina vs Peru World Cup qualifier for CONMEBOL game will be live streamed on Fanatiz. The next World Cup in the United States, Mexico and Canada is expanding to a 48-team format, meaning direct entry to the top six teams in South America. The seventh-place team will contest an intercontinental playoff for a berth. World Cup winner Argentina leads continental qualifying with 9 points, followed by Brazil (7), Colombia (5), Uruguay, Chile and Venezuela (4), Ecuador (3), Paraguay and Peru (1), and Bolivia (0). The fourth match day in South American qualifying also features Ecuador against Colombia, Paraguay against Bolivia and Venezuela taking on Chile.

Social media influencers were shaken well-known Brazilian influencer Samya Silva was tragically shot and killed on October 1, 2023. At just 21 years old, her life was cut short in a shocking incident that unfolded in Teresina, Brazil, leaving her family, friends, and followers in mourning. As authorities investigate this heart-wrenching case, let's take a moment to remember who Samya Silva was and the circumstances surrounding her untimely demise.

NEW DELHI : India’s manufacturing activity in September grew at the slowest pace in five months after new factory orders softened from their high in August, a private survey said. The purchasing managers index (PMI) fell to 57.5 in September, compared with at 58.6 in August, 57.7 in July, 57.8 in June and 58.7 in May, according to S&P Global. A figure of 50 separates expansion from contraction.

Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell to 57.5 last month from 58.6 in August. September data showed a let-up in the recent surge in costs faced by Indian goods producers. After quickening to a one-year high in August, the rate of inflation receded to its lowest mark in over three years.

India's factory activity expanded at the slowest pace in five months in September but remained solid, with strong demand driving business confidence to its highest level this year, despite increased inflationary pressures, a private survey showed. The Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell to 57.5 last month from 58.6 in August, missing the Reuters poll forecast for 58.1. That marked the 27th straight month of the index being above the 50-mark separating expansion from contraction. «India's manufacturing industry showed mild signs of a slowdown in September, primarily due to a softer increase in new orders which tempered production growth,» said Pollyanna De Lima, economics associate director at S&P Global Market Intelligence. «Nevertheless, both demand and output saw significant upticks, and firms also noted gains in new business from clients across Asia, Europe, North America and the Middle East.» New orders and output rose sharply despite the sub-indexes easing from August, driven by both domestic and foreign demand. International demand grew for the 18th month in a row. That bolstered optimism and pushed business confidence to a nine-month high. It also prompted firms to increase headcount.

(Reuters) — Annual inflation in Peru decelerated to 5.04% in September to hit its lowest level in more than two years, according to official figures published on Sunday, though consumer prices remained some way above the central bank's target rate.

gas pipeline in capital Lima, archaeologists said on Friday, saying the site likely marked a children's cemetery.

LIMA (Reuters) — Peru's annual inflation could ease to 5.2% in September, Economy Minister Alex Contreras said in a press conference on Monday.

Victoria’s Secret has been trying to reverse its image built on a man’s vision of sexiness that eventually backfired

LIMA (Reuters) — President Dina Boluarte of Peru reshuffled six posts in her cabinet on Wednesday, the second partial reshuffle in her eight-month-old administration, though she retained ministers overseeing the key economy and energy and mining portfolios.

The seasonally adjusted S&P Global India Services PMI Business Activity Index recorded an expansion in new business for the consecutive 25th month. A value of above 50 denotes expansion. «Demand strength also fostered a heightened sense of optimism regarding the outlook, boding well for economic growth prospects,» De Lima said. Strong services growth and capital spending pushed India's GDP growth to a four-quarter high of 7.8% in the first quarter of FY24, according to data released last week.

NEW DELHI : India’s services sector growth slowed down in August after registering a 13-year high in July, a private survey said, still recording one of the best sales performances over the same period at a time of elevated inflationary pressures. The S&P Global India services Purchasing Managers’ Index (PMI) fell to 60.1 in August, from 62.3 in July. The figure stood at 58.5 in June and 61.2 in May.

“Indian services companies achieved a remarkable milestone in August, as they welcomed a series record surge in new export business. Several regions contributed to the upturn, including Asia Pacific, Europe, North America and the Middle East,” said Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence. The seasonally adjusted S&P Global India Services PMI Business Activity Index also recorded a consecutive 25-month of expansion in new business, as advertising and robust demand kept the index above the 50-mark. A value of above 50 denotes expansion. “Demand strength also fostered a heightened sense of optimism regarding the outlook, boding well for economic growth prospects,” De Lima said. Strong services growth and capital spending pushed India’s GDP growth to a four-quarter high of 7.8% for the first quarter of FY24, according to data released last week. Financial, real estate & professional services grew in double digits at 12.2% in Q1, whereas trade hotels, transport, communication and services related to broadcasting expanded 9.2%. Among the four sub-sectors of PMI services index, finance & insurance led growth of both total new business and output in August. The employment situation was better, as the rate of job increase was fastest since November. On the inflation front, output inflation rose at the joint quickest pace in nearly six years. “Anecdotal evidence indicated that robust demand conditions facilitated the passing on of cost increases to clients,” the report indicated.

Growth in India's dominant services industry lost some steam in August but overall conditions remained strong despite elevated inflationary pressures, according to a business survey that showed exports were at a record high on robust foreign demand. Tuesday's findings, coupled with a sister survey on Friday which found factory growth expanded at its fastest pace in three months, suggest Asia's third-largest economy will be the fastest-growing major country despite slowing global growth. The S&P Global India services Purchasing Managers' Index fell to 60.1 in August from 62.3 in July, lower than the Reuters poll expectation of 61.0. Still, the reading was above the 50-mark separating growth from contraction for a 25th consecutive month — the longest stretch since August 2011. «This spike in international demand supported one of the best sales performances recorded over the past 13 years, and acted as a catalyst for firms to expand their workforces as well as output,» noted Pollyanna De Lima, economics associate director at S&P Global. «Demand strength also fostered a heightened sense of optimism regarding the outlook, boding well for economic growth prospects.» A sub-index monitoring overall demand slowed slightly in August compared to the previous month.

NEW DELHI : India’s manufacturing PMI rose to a three-month high of 58.6 in August on the back of an increase in orders and output, a private survey showed. According to S&P Global, India’s purchasing managers’ index (PMI) for manufacturing stood at 57.7 in July, 57.8 in June, and 58.7 in May. A figure of 50 separates expansion from contraction.

rise in new orders and output pushed manufacturing activity to the second-strongest pace in three years. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) rose to 58.6 in August compared with 57.2 in July, according to data released Friday. «Robust and accelerated increases in new orders and production suggest that the sector looks set to provide a strong contribution to second quarter (fiscal) economic growth,” said Pollyanna De Lima, Economics Associate Director, S&P Global Market Intelligence. »The PMI results for India painted a vibrant picture of the nation's manufacturing landscape in August," De Lima further added. India’s economic growth strengthened to a four-quarter high of 7.8% in the first quarter, data released earlier this week showed, as the services sector pushed activity. The growth in manufacturing was less pronounced at 4.7% in Q1FY24, compared with 6.1% in the similar quarter last year. Demand strength pushed the new orders to the fastest pace since January 2021, helped by better export performance. «Not only did new export orders increase for the seventeenth month running halfway through the second fiscal quarter, but also to the greatest extent since November 2022,» the release stated, noting that members reported new work from Bangladesh, China, Malaysia, Singapore, Taiwan and the US. Buying levels rose to the fastest level in nearly 12 years, even as input costs rose faster. The increase in charge inflation, or selling prices, was not as fast as input prices as they tried to retain competitiveness.

LIMA (Reuters) -Peruvian miner Minsur has announced an investment of at least $2.25 billion as it expands its copper operations, the country's mining ministry said on Thursday.

Peru is believed to be over 4,000 years old and could have been part of a ceremonial temple, according to archaeologists, offering new insights into the region's historic cultures. The wall was first stumbled upon by farmers in 2020 during harvesting work, prompting an extended dig and work to determine its origins, said archaeologist Feren Castillo, head of a research project in the coastal region of La Libertad. «Three years later we started a new procedure whose results showed us its age… Today we are sure it's a building built during the Pre-ceramic Period (the initial period of the Andean civilizations) between 4,000 and 4,500 years ago», the expert said this week", the expert said this week. The remains of the ancient building were revealed in the Viru Valley, some 480 km (298 miles) north of Lima. The wall is estimated to be about three meters (9.84 feet) high and presents triangular geometric lines with occasional shades of red and yellow, Castillo added.

Dozens of cranes lift blocks weighing several tons and drop them to compact the soil of a roughly one-square-mile area on Peru’s Pacific coast, part of China’s most ambitious port project in Latin America designed to facilitate trade between the regions

Democrats from the United States House of Representatives have formed a working group on artificial intelligence aimed at introducing new legislation around the nascent tech sector.