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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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Strong start to summer driving season pushes U.S. oil towards $50

Strong start to summer driving season pushes U.S. oil towards $50

Tue, May 30, 2017

U.S. crude oil prices rose towards $50 per barrel on Tuesday as a strong start to the summer driving season in the United States suggested strong fuel demand in months ahead.

Oil falls as U.S. drilling undermines drive to tighten markets

Oil falls as U.S. drilling undermines drive to tighten markets

Mon, May 29, 2017

Brent crude futures were trading down 15 cents, or 0.3 percent, at $52.00 per barrel at 0253 GMT.

''Laptop ban could apply to all flights to US''

''Laptop ban could apply to all flights to US''

Mon, May 29, 2017

Kelly, a retired general, was asked on Fox News on Sunday if he would expand an existing ban to cover laptops on all international flights into and out of the US, The Guardian reported.

India could invest in Aramco IPO to strengthen ties

India could invest in Aramco IPO to strengthen ties

Tue, May 23, 2017

"I`m expecting Aramco to be a supplier for a very long time... We discussed the idea with (Saudi energy) minister (Khalid al) Falih in Houston this year. They (Aramco) are interested in the joint venture," Pradhan said in an interview.

Cisco Systems to further lay off 1,100 employees

Cisco Systems to further lay off 1,100 employees

Thu, May 18, 2017

The technology company had earlier announced the restructuring plan in August 2016 to reinvest in "key priority areas" and part of it was to lay off up to 5,500 employees, or 7 per cent its workforce, Xinhua reported on Thursday.

Oil at bright spot in subdued markets as investors seek next catalyst

Oil at bright spot in subdued markets as investors seek next catalyst

Tue, May 09, 2017

The Korean won was slightly lower on Tuesday, with the dollar buying 1,132.08 won. South Korean stocks closed at a record high on Monday.

Thyssenkrupp steelworkers protest against Tata merger plan

Thyssenkrupp steelworkers protest against Tata merger plan

Thu, May 04, 2017

Thousands of Thyssenkrupp steelworkers protested on Wednesday against the German industrial group`s plan to merge its European steel operations with those of India`s Tata Steel.

Brent crude closes at 2017 low, erases gains since OPEC's cuts

Brent crude closes at 2017 low, erases gains since OPEC's cuts

Wed, May 03, 2017

The market was already trading lower prior to the technical selloff on reports of rising output in the United States, Canada and Libya and declining compliance by members of the Organization of the Petroleum Exporting Countries with the deal to cut output during the first half of this year.

Global Economy Week ahead: Hard left, hard right, or centre? French economy may decide

Global Economy Week ahead: Hard left, hard right, or centre? French economy may decide

Fri, Apr 14, 2017

If Donald Trump`s election in the United States and Britain`s decision to quit the European Union stirred the global economic waters, then there is the potential for a tsunami on the near horizon.

Asian stocks set for a rough ride as geopolitical risks rise

Asian stocks set for a rough ride as geopolitical risks rise

Mon, Apr 10, 2017

Asian stocks started the week on a cautious footing on Monday as increased geopolitical risks prompted investors to favour safe-haven bets such as government debt while the dollar benefited from comments from a U.S. central banker.

China Jan-Feb industrial profits surge 32% as commodity prices rally

China Jan-Feb industrial profits surge 32% as commodity prices rally

Mon, Mar 27, 2017

Profits of Chinese industrial firms surged 31.5 percent in the first two months of 2017 from a year earlier as prices of commodities from coal to iron ore raced higher, while strong imports also pointed to a pick-up in activity.

India's contribution to world GDP to rise 17% this year: PwC

India's contribution to world GDP to rise 17% this year: PwC

Thu, Jan 12, 2017

The spotlight will shift away from China to India and Indonesia as they become the powerhouses of growth in the world.

Uncertainty over Trump policy clouds global outlook: World Bank

Uncertainty over Trump policy clouds global outlook: World Bank

Wed, Jan 11, 2017

The World Bank on Tuesday pared back its global growth estimate for 2017, but uncertainty about the economic policies of US President-elect Donald Trump is clouding the outlook.

World Bank projects global growth at 2.7% in 2017

World Bank projects global growth at 2.7% in 2017

Wed, Jan 11, 2017

The World Bank said growth in advanced economies is expected to edge up to 1.8% in 2017.

World stocks hit 1-1/2 year high after strong China data

World stocks hit 1-1/2 year high after strong China data

Thu, Jan 05, 2017

World stocks hit their highest level since mid-2015 on Thursday after strong Chinese data added to the optimism about global growth and inflation that has been driving markets since the start of the new year.

Dollar edges away from 13-year peak, Asian stocks slip

Dollar edges away from 13-year peak, Asian stocks slip

Thu, Nov 17, 2016

The currency has been on a tear since Donald Trump was elected president last week, stoking expectations of big fiscal spending and sending U.S. Treasury debt yields soaring on the prospect of higher interest rates.

Singapore cuts 2016 forecast as world economy slows

Singapore cuts 2016 forecast as world economy slows

Thu, Aug 11, 2016

"In line with weaker global growth outlook, and barring the full materialisation of downside risks, the 2016 growth forecast for the Singapore economy is narrowed to 1.0 to 2.0 per cent, from 1.0 to 3.0 per cent," the ministry said.

Oil falls as traders cash in after three weeks of gains

Oil falls as traders cash in after three weeks of gains

Mon, Apr 25, 2016

Oil prices dipped on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets. Front-month Brent crude was trading at $44.80 per barrel at 0710 GMT, down 31 cents from its last settlement.

Drop in India's services exports may eat into benefits reaped from easing trade deficit

Drop in India's services exports may eat into benefits reaped from easing trade deficit

Fri, Apr 22, 2016

India's trade surplus in the services sector has narrowed in February 2016, a Nomura report said on April 21, adding to worries about the state of the country's exports even in the services sector.

Grim global economic situation prompting nations to put up firewalls: Jaitley

Grim global economic situation prompting nations to put up firewalls: Jaitley

Tue, Apr 19, 2016

With the challenging global economic situation even 1-2% growth is considered "good growth", said Jaitley

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