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Commodity Capsule: Oil prices fell sharply on Monday

Commodity Capsule: Oil prices fell sharply on Monday

Mon, Oct 28, 2024

Oil prices fell sharply on Monday, to four week low, weighed by easing fears of a Middle East war after an Israeli strike against Iran, over the weekend

India poised to be third largest global economy by 2030, rising population presents challenges: S&P

India poised to be third largest global economy by 2030, rising population presents challenges: S&P

Thu, Oct 17, 2024

India is poised to be the third largest global economy by 2030 but its rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said on Thursday.

Brent crude fell by about 2.5%

Brent crude fell by about 2.5%

Tue, Oct 01, 2024

Brent crude slipped below $70, Brent crude fell by about 2.5%

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US Federal Reserve minutes in view, stocks shift higher

US Federal Reserve minutes in view, stocks shift higher

Wed, Jul 05, 2017

Stock markets rode out the latest rise in tensions around North Korea on Wednesday, with the main markets in Europe, Asia and the United States all inching higher as attention moved to minutes from the U.S. Federal Reserve`s last meeting.

Japan's Shinzo Abe urges G20 to work together on climate change

Japan's Shinzo Abe urges G20 to work together on climate change

Wed, Jul 05, 2017

Japanese Prime Minister Shinzo Abe urged the G20 states in a newspaper article to work together on continuing climate protection policies such as the 2015 Paris agreement from which the United States is withdrawing.

China factory growth fastest in three months as new orders, output rise

China factory growth fastest in three months as new orders, output rise

Fri, Jun 30, 2017

China`s manufacturing sector expanded at the quickest pace in three months in June, buoyed by strong production and new orders, reassuring news for authorities trying strike a balance between deleveraging and keeping the economy on an even keel.

Crude oil prices firm, set for biggest weekly gain since mid-May

Crude oil prices firm, set for biggest weekly gain since mid-May

Fri, Jun 30, 2017

Crude oil futures on Friday were on track for their biggest weekly gain since mid-May, ending five weeks of losses with prices underpinned by a decline in U.S. output.

Gold steady as dollar hovers near ten-month lows

Gold steady as dollar hovers near ten-month lows

Thu, Jun 29, 2017

Gold held firm on Thursday as the U.S. dollar hovered near 10-month lows on bets that central banks in Europe and Britain are preparing to scale back monetary stimulus. FUNDAMENTALS * Spot gold was nearly flat at $1,249.58 per ounce at 0041 GMT.

Trump Administration offers tremendous opportunities: Infosys chief Vishal Sikka

Trump Administration offers tremendous opportunities: Infosys chief Vishal Sikka

Fri, Jun 23, 2017

"We see a tremendous opportunity to do innovative work. The (Trump) administration is a very business administration, a very entrepreneurial administration," Infosys CEO Vishal Sikka told PTI in an interview as he refuted reports that the Indian IT companies are facing challenges under the Trump Administration.

Gold steady, heads for third weekly fall

Gold steady, heads for third weekly fall

Fri, Jun 23, 2017

Gold held steady on Friday above a five-week low touched earlier this week, supported by technicals, but the metal was still on track for a third weekly fall. FUNDAMENTALS

Oil edges up, but set for worst H1 performance in 20 years

Oil edges up, but set for worst H1 performance in 20 years

Fri, Jun 23, 2017

Oil edged up on Friday, recovering slightly from steep falls earlier in the week, but is set for the worst performing first-half in two decades despite ongoing production cuts. Brent crude futures were at $45.31 per barrel at 0222 GMT, up 9 cents, or 0.2 percent, from their last close.

After toppling Apple in China, Oppo eyes world market

After toppling Apple in China, Oppo eyes world market

Thu, Jun 22, 2017

With its army of salespeople and vast network of outlets, a relatively new smartphone maker has exploded in popularity to overtake global giants Apple and Samsung in China's market - and now it has its eye on the West.

India's GDP to grow at 7.4%-7.6% in the next two fiscals, Fitch Ratings says

India's GDP to grow at 7.4%-7.6% in the next two fiscals, Fitch Ratings says

Tue, Jun 20, 2017

Gross Domestic Product (GDP) or India's economic growth is expected to rise by 7.4% and 7.6% in the next two fiscal years, Fitch Ratings said on Tuesday in its Global Economic Outlook report.

Qatar signs $12 billion deal to buy F-15 jets from US

Qatar signs $12 billion deal to buy F-15 jets from US

Thu, Jun 15, 2017

Qatar`s Ministry of Defense said on Wednesday the country signed a deal to buy F-15 fighter jets from the United States for $12 billion. The deal was completed despite the Gulf country being criticized recently by U.S. President Donald Trump for supporting terrorism.

Fed raises rates, unveils cuts to bond holdings in sign of confidence

Fed raises rates, unveils cuts to bond holdings in sign of confidence

Thu, Jun 15, 2017

The Federal Reserve raised interest rates on Wednesday for the second time in three months, citing continued U.S. economic growth and job market strength, and announced it would begin cutting its holdings of bonds and other securities this year.

Oil prices struggle on doubts OPEC can rein in oversupply

Oil prices struggle on doubts OPEC can rein in oversupply

Thu, Jun 15, 2017

"Production growth in Libya and Nigeria and continued rig additions in U.S. are complicating the picture, raising doubts on OPEC`s strategy. For OECD inventories to return to the normalized levels, OPEC needs to drain by 34 million barrels a month or 1 million barrels for the next 10 months. This looks challenging," AB Bernstein said.

Gold gains as stocks fall after report of Trump probe

Gold gains as stocks fall after report of Trump probe

Thu, Jun 15, 2017

Gold edged up early on Thursday from a near three-week low hit in the previous session, as Asian stocks fell on a report that U.S. President Donald Trump is being investigated for possible obstruction of justice. FUNDAMENTALS

Musk, Iger to quit Trump advisory councils after Paris accord decision

Musk, Iger to quit Trump advisory councils after Paris accord decision

Fri, Jun 02, 2017

Tesla Inc Chief Executive Officer Elon Musk and Walt Disney Co CEO Robert Iger said on Thursday they would leave White House advisory councils after U.S. President Donald Trump said he would withdraw from the Paris climate accord.

Gold slips as U.S. data lifts dollar, boosts rate hike prospects

Gold slips as U.S. data lifts dollar, boosts rate hike prospects

Fri, Jun 02, 2017

Gold inched lower on Friday as Asian stocks and the dollar firmed after upbeat U.S. private sector job figures appeared to boost the prospects for an interest rate hike this month.

Gold holds near five-week highs, but potential U.S. rate hike drags

Gold holds near five-week highs, but potential U.S. rate hike drags

Thu, Jun 01, 2017

Gold held steady on Thursday after hitting a five-week high in the previous session on geopolitical tensions, but expectations the U.S. Federal Reserve will hike interest rates next month weighed on prices.

China May factory activity contracts for first time in nearly a year -Caixin PMI

China May factory activity contracts for first time in nearly a year -Caixin PMI

Thu, Jun 01, 2017

The findings sharply contrast with official readings on Wednesday which showed steady manufacturing growth, but the Caixin report tends to focus on smaller firms which are not believed to be benefiting as much from a construction boom as large state-owned companies and industries such as steel mills.

Oil falls as rising Libyan, U.S. output undermines cuts

Oil falls as rising Libyan, U.S. output undermines cuts

Wed, May 31, 2017

Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production which is undermining OPEC-led production cuts aimed at tightening the market.

Japan's factory output races in April to hit its highest level since 2008

Japan's factory output races in April to hit its highest level since 2008

Wed, May 31, 2017

Japan`s factory output rebounded in April from March and grew at the fastest pace in almost six years, taking production to its highest level since 2008.

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