Category «Uncategorized»

Oil prices extend decline on recession fears, China COVID curbs

Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs in China Brent crude futures fell 51 cents, or 0.5%, to $93.78 a barrel by 0033 GMT. U.S. West Texas Intermediate crude was at $88.66 …

Oil Heads For Fourth Straight Monthly Loss as OPEC Meeting Looms

Oil prices rose slightly on Friday, but were set for a fourth straight month of losses amid growing concerns over weakening demand, with the focus now turning to a potential supply cut by the OPEC next week. London-traded Brent oil futures, the global benchmark,  were flat at $87.50 a barrel by 21:55 ET (01:55 GMT), …

Govt hikes DA by 4% under 7th Pay Commission; details here

The Union Cabinet has hiked the  Dearness Allowance (DA) of central government employees and pensioners by 4 percent under the 7th Pay Commission, The hike takes DA to 38 percent from the current 34 percent of basic pay/pension. The Finance Ministry said that the central government employees and pensioners will become entitled to a higher …

Dow Futures Tick Higher After Indices Post Their Worst Week Since June

U.S. stock futures were trading slightly higher during Sunday’s evening deals, after major benchmark indices posted their greatest weekly losses in 3 months, with investors remaining cautious amid persistent inflation fears ahead of Federal Reserve’s two-day meeting and rate decision later this week. By 7:10pm ET (11:10pm GMT) Dow Jonas Futures and S&P 500 Futures  were up 0.2% apiece, …

Oil prices and financial markets brace for recession

U.S. economic data remains strong but a range of financial indicators point to a sharp slowdown over the next year that would dampen oil consumption and lead to lower prices. The apparent contradiction between the real economy and financial markets has puzzled some commentators but is normal around a peak in the business cycle. Economic …

Japan set to waive some visa requirements in October to boost tourism

Japan is expected to waive visa requirements for certain tourists and remove a limit on daily arrivals in October as it aims to benefit from a rebound in global tourism, Nikkei reported on Thursday. Following the change, Japan will not require visas for short-term travelers from the United States and certain other countries and will scrap the daily entry cap …

India Weather News Live Updates: Heavy downpours lash West Bengal; Rajasthan records 392% above normal rainfall

India Weather News Live Updates (August 24): A cyclonic circulation over the north Bay of Bengal triggered heavy rains in Gangetic West Bengal on Wednesday. South Bengal districts, including Kolkata, have been receiving intermittent showers with heavy downpours at one or two places since Tuesday owing to the weather system. The cyclonic circulation over the north …

Oil prices extend gains after U.S. inventory drop

Oil Up, Fuel Demand Outlook Clears Over Full Vaccine Approval

By Administrator_India Capital Sands Oil prices rose on Wednesday, with U.S. crude gaining for a seventh day, after an industry report showed a further drop in inventories and investors shrugged off worsening developments in the pandemic. U.S. West Texas Intermediate (WTI) was up 40 cents, or 0.8%, at $53.61 a barrel by 0128 GMT after gaining nearly …

US tops 21 million COVID-19 cases with record hospitalizations as states ramp up vaccinations

First batch of DRDO's anti-COVID-19 drug 2-DG to be released today

By Administrator_India Capital Sands More Americans were hospitalized with COVID-19 on Wednesday than at any time since the pandemic began, as total coronavirus infections crossed the 21 million mark, deaths soared across much of the United States and a historic vaccination effort lagged. U.S. COVID-19 hospitalizations reached a record 130,834 late on Tuesday, according to …

Indian bank bad debt could double in coronavirus crisis

Indian bank bad debt could double in coronavirus crisis

By Administrator_India Capital Sands India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers told. Indian banks are already grappling with 9.35 trillion rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their …