Canada's services economy grew in May for the first time in a year as firms saw an increase in new business and hired workers at a faster pace, S&P Global Canada services PMI data showed on Wednesday. "There was a welcome return to growth in May amid evidence of a more stable demand environment benefiting Canadian service providers," Paul Smith, economics director at S&P Global Market Intelligence, said in a statement.
Annual upstream oil and gas capital expenditures will need to rise by 22 percent by 2030 to ensure adequate supplies due to growing demand and cost inflation, according to a new report by the International Energy Forum and S&P Global Commodity Insights.
The newest global Container Port Performance Index (CPPI) reveals that East and Southeast Asian ports excelled in 2023, accounting for 13 of the top 20 places.