Brent crude oil steadies near $66 before long weekend| Reuters
May 23, 2015 at 00:30 | Source:
LONDON Oil prices steadied on Friday as worries over the impact on crude supplies of war in the Middle East were balanced by reports of profit-taking ahead of a long weekend.Monday, May 25 is Memorial Day in the United States and a public holiday in ...
ONGC, OIL free from subsidy if average oil price is $60/barrel
May 22, 2015 at 20:42 | Source:
New Delhi: The government has exempted oil producers ONGC and Oil India from payment of fuel subsidy if the global oil prices average up to $60 a barrel, but will pay a graded rate beyond this threshold."We have received a communication from the...
Sensex extends rally, surges above 28,000 amid gains in SBI, HDFC
May 22, 2015 at 12:44 | Source:
Mumbai:Extending the rally further amid strong gains in several frontline stocks, the benchmark BSE Sensex breached the 28,000-mark in the noon trade.At 12:10 pm, the 30-share Sensex was quoted at 28,014.29, up 204.94 points or 0.7 percent. The broad...
China shares rally after poor data, dollar holds gains| Reuters
May 22, 2015 at 03:45 | Source:
TOKYO Stock market gains were capped on Thursday in much of Asia in the wake of China's downbeat factory activity data, but shares in Shanghai focused on the potential positives from the weak reading and rallied.The dollar held on to broad gains afte...
Wall Street up as near-term rate-hike prospects fade; oil jumps| Reuters
May 22, 2015 at 03:15 | Source:
NEW YORK Global equity markets rose on Thursday, with Wall Street's S&P 500 index closing at a record high as investors bet that U.S. interest rates won't rise soon, while oil jumped more than 2 percent on the view that a global glut may be start...
Shares subdued by mixed China, euro zone PMI data| Reuters
May 22, 2015 at 00:45 | Source:
LONDON World shares hovered near record highs on Thursday after downbeat Chinese manufacturing data kept pressure on Beijing for more stimulus and the Federal Reserve signalled higher U.S. interest rates are still some way off.European markets were l...
Asian refiners forced to get creative to stay competitive| Reuters
May 21, 2015 at 02:30 | Source:
KUALA LUMPUR Faced with competition from mammoth new refineries in the Middle East and soft fuel demand in key markets, Asian refiners are trying a variety of tactics to cope from investing in refineries in emerging markets to using cheaper energy so...
Wall Street, dollar rise as June rate-hike prospects dim| Reuters
May 21, 2015 at 01:15 | Source:
NEW YORK Wall Street and the dollar rose on Wednesday after minutes of a Federal Reserve policymakers meeting last month bolstered bets that the first U.S. interest-rate hike in more than a decade will not come until later in 2015 at the earliest.Acc...
Tata Steel reports Rs 5,674 cr net loss for Jan-Mar quarter
May 20, 2015 at 21:23 | Source:
New Delhi: Tata Steel today reported a consolidated net loss of Rs 5,674.29 crore for the quarter ended 31 March 2015, mainly due to non-cash write downs. The domestic steel giant, which is among the top-ten global steel companies, had reported a net...
Oil prices slip on dollar rally, ample supply| Reuters
May 20, 2015 at 03:45 | Source:
LONDON Brent crude oil fell below $66 a barrel on Tuesday as the dollar strengthened and on evidence of ample supplies of Middle Eastern oil despite wars in northern Iraq, Syria and Yemen.The dollar rose to almost a one-week high against a basket of ...
Oil slides more than 3 percent on dollar rally, glut worry| Reuters
May 20, 2015 at 03:30 | Source:
NEW YORK Oil prices fell more than 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day as the dollar rallied and on evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed....
Oil down over 3 percent on dollar rally, ample supply worry| Reuters
May 20, 2015 at 01:15 | Source:
NEW YORK Oil prices fell more than 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day, as the dollar rallied amid evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed.N...
Oil down 3 percent on dollar rally, ample supply worry| Reuters
May 19, 2015 at 23:15 | Source:
NEW YORK Oil prices fell 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day, as the dollar rallied amid evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed.North Sea B...