Stocks
Twitter can predict stock market movements
Twitter is more than just a platform to air your views on various issues and events. It can also give you a fairly good idea of the stock market movements, says a new study.
 
The latest study by the European Central Bank (ECB) endorses previous findings that said as much.
 
The researchers crunched over 3,10,000 tweets between 2010 and 2012 containing the words "bullish" or "bearish" -- as these are generally used in relation to what investors think about future market movements, London-based business paper CityA.M. reported.
 
They said Twitter could be a better predictive tool for stock market movements than search engine Google, as well as some surveys.
 
"Twitter bullishness has a statistically and economically significant predictive value in respect of share prices in the United States, the United Kingdom and Canada," the study said.
 
In other words, what people are saying on Twitter can tell you whether stocks are going up or down that day. The study pointed out though that while Twitter is a pretty good barometer, it only works in the short term.
 
"We further observe that high Twitter bullishness indicates an increase in daily returns on the following day, with there being a return to normal levels within the next two to five days," the researchers said.
 
Also, Twitter's predictive powers become noticeable in "extreme market conditions" such as the global financial crisis which ripped through markets around eight years ago.
 
The ECB admits its a pretty blunt tool to measure such a slippery concept as "investor sentiment" -- the gut feeling people are getting about companies and markets that can move prices. But it turns out that Twitter is a better indicator than flipping a coin.

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After 30 years, power consumption growth slows in China
For the first time in 30 years, energy-hungry China is seeing its slowest growth in power consumption.
 
China Electricity Council released a report, “A Brief on 2015 January-June Electricity Industry”, that showed a slower growth rate of power consumption at 1.3 percent -- the lowest in 30 years, People's Daily reported.
 
Electricity data has long been the barometer of economy. 
 
Experts pointed out that the decreased acceleration rate was an indicator that China has entered a phase of slower economic development, the media report cited China Energy News as saying.
 
The first half of 2015 saw total electricity consumption of 2,662.4 billion kWh all over China. Electricity supply relatively surpassed demand, but investment in electricity construction still increased.
 
There were 19 provinces whose acceleration rates were above the 1.3-percent national average, and there 9 provinces whose acceleration rates were below zero.
 
The data also varied in different industries. 
 
Electricity consumption in secondary industry decreased by 0.5 percent -- the first time in five years. Electricity consumption in light industry increased by 2.1 percent and in heavy industry it decreased by 0.9 percent.

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Sun TV allowed to participate in FM auctions
The Madras High Court on Thursday allowed Sun TV group to participate in the auction of FM radio licences.
 
The interim order came on a petition filed by the media group's companies challenging the central government's decision to bar it from participating from the auctions on the grounds they did not secure the security clearance from the union home ministry.
 
The auctions for the FM licences are expected to start next week.
 
The Sun TV group approached the court requesting it to stay the auctioning of airwaves and also allow the group companies to participate in the auction.
 
According to Sun TV Network, the central government's decision is illegal, arbitrary and abuse of power.
 
The petition said the reasons stated for denial of security clearance are relating to cases which are either in FIR stage or in the stage of chargesheet.
 
Only a director of the company is allegedly involved in the case and the company is not a party.
 

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