Oil Prices Creep Higher As IEA Flags Chinese Demand Recovery
Oil prices rose slightly on Monday tracking optimistic comments on a recovery in Chinese demand from the International Energy Agency, although markets were still nursing steep weekly losses on fears of tighter U.S. monetary policy. International Energy Agency head Fatih Birol reiterated the agency’s...
Japan Extends Long Trade Deficit Run, Slow Chinese Demand Stokes Worry
Japan logged a trade deficit for a 16th straight month in November as imports surged to a record level, while subdued growth in exports to China fanned concern about how COVID disruptions there could impact other economies. The trade deficit came in at 2...
Stocks to Watch: Data Patterns, Tega, LTFH, GMR Infr, Allcargo, Ajanta Phar
By Administrator_IndiaCapital Sands
The key benchmark indices seem poised for yet another positive start backed by encouraging global cues, as fears of Omicron led economic recovery receded. This morning as of 07:55 AM, the SGX Nifty futures were quoted at 17,212 as against NSE Nifty...
Meta Stuns Street With Lower Costs, Big Buyback, Upbeat Sales
Meta Platforms Inc's stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO Mark Zuckerberg called 2023 the "Year of Efficiency." The parent of Instagram and Facebook (NASDAQ:META), which has fallen on hard times amid...
Oil Prices Dip as Demand Outlook Worsens on China woes, OPEC Warning
Oil prices fell in choppy trade on Tuesday and nursed steep losses this week as weak economic data from China brewed more concerns over worsening demand, although the prospect of smaller U.S. rate hikes and tightening supply helped limit losses. Crude markets plummeted at...
India’s Corporate Climate Disclosures Lag Behind Global Expectations: IEEFA Report
India’s corporate climate disclosure framework may fall short of global investor expectations, particularly as climate transition planning becomes a key factor in capital allocation decisions, according to a new analysis by the Institute for Energy Economics and Financial Analysis (IEEFA).
The report highlights gaps in...
Asia FX Weakens as Dollar Steadies from BOJ Shock, Yen Slips
Most Asian currencies fell on Wednesday as the dollar steadied from a sharp tumble against the yen, while the Japanese currency retreated slightly from a four-month high as markets digested a surprise policy shift by the Bank of Japan. The yen fell 0.3% to...
Non-power coal users claim supply shortage; government denies it
India's aluminium smelters, textile mills, sponge iron and fertiliser-makers say they face a coal shortage as power generators take the bulk of supplies.
India's top miner Coal India Ltd, which accounts for more than 80% of India's production of the fuel, and the federal coal...
10-year yields highest since 2011 before expected Fed rate hike
Data last week showed higher-than-expected consumer prices in August, dashing hopes that the worst of rising price pressures may be in the past.
Benchmark 10-year U.S. Treasury yields jumped to their highest level since 2011 on Monday as investors adjusted for the likelihood that the...
Gold Steadies Despite Rate Hike Headwinds, Set For Flat Week
Gold prices steadied on Friday, and were set to end the week largely unchanged as selling pressure from a hawkish Federal Reserve appeared to have eased.
Bullion prices showed surprising resilience this week after the Fed hiked rates and struck a more hawkish tone than...