13 March 2020, Friday
We wake up to some kind of shocking news each day. Amidst the tragic coronavirus epidemic and Yes Ba ...
Sunday, January 12, 2020, 4:59 PM
State-owned oil company Saudi Aramco said it has exercised its "greenshoe option" to sell an additional 450 million shares, raising the size of its IPO to a record $29.4 billion. Aramco initially raised a then-record $25.6 billion in its IPO in December by selling 3 billion shares at 32 riyals ($8.53) but indicated it may sell additional shares through the over-allotment of shares.
Saturday, September 28, 2019, 12:47 PM
The rupee spurted by 32 paise to close at a nearly two-month high against the US currency on Friday as crude oil-prices receded following reports that Saudi Arabia had agreed on a temporary ceasefire in Yemen. The domestic currency closed higher by 0.44 per cent at 70.56 to the US dollar, a level not seen since August 2 when it had ended at 69.60.
Wednesday, September 18, 2019, 7:54 AM
The Indian rupee on September-17 weakened by another 18 paise to settle at 71.78 against the US dollar as investors fretted over higher crude oil-prices. Elevated crude oil-prices have emerged as major fears for India the world's third largest oil importer in form of fiscal slippage and inflationary pressure. The local-unit finally settled for the day at 71.78, down 18-paise over its previous closing.
Thursday, July 18, 2019, 8:13 AM
Crude oil-prices continued to trade on a muted note as the concerns of weakening global economy remained an overhang. Prices got some support after more-than-expected drop of US crude stockpile and concerns over potential disruptions to oil and gas production caused by a-tropical-storm in the Gulf of Mexico. Tropical Storm Barry boosted crude futures as oil companies in the Gulf of Mexico sliced production.
Monday, July 1, 2019, 8:07 PM
OPEC will extend production cuts into 2020 as the world's leading oil exporters fret about a weakening outlook for global demand growth and the relentless rise in output from America's shale fields. Ministers from the group meeting in Vienna agreed to prolong their supply curbs by another nine months, said delegates, asking not to be named because the talks were ongoing.
Saturday, June 22, 2019, 8:58 AM
India's oil minister Dharmendra Pradhan expressed concerns about rising crude oil prices to his Saudi Arabian counterpart, Khalid al-Falih, amid worsening U.S.-Iranian tensions, a government statement said. Global oil prices rose sharply on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world's oil output.
Saturday, May 18, 2019, 8:00 AM
Crude oil-prices traded flat with some volatility within a-broad-range after a surprise drawdown in US crude stockpiles, but an escalating US-Chinese trade fights limited oil's gains as investors were worried about the global outlook for energy demand. WTI and Brent were set for weekly-loss after US escalated its tariff war with China by increasing levies to 25% for $200 billion worth of Chinese goods.
26 April 2019, Friday
Crude Oil Prices are on the rise. Brent Crude has hit $75 a Barrel. Analysts are predicting a rise in Crude Oil prices to $80-85 a barrel. Take a look ...
Friday, January 11, 2019, 7:47 AM
FPIs will return to India and other emerging markets in 2019 after staying away the previous year, a top executive at Aditya Birla Sun Life mutual fund said. "India and other EMs now offer favourable risk-reward amid improving growth, supportive macros, healthy balance sheets, light investor positioning and reasonable valuations," said Mahesh Patil, co-chief investment officer, Aditya Birla Sun Life AMC.
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