Month: December 2019

Oil prices inch higher amid support for supply cuts, lower inventory forecast

December 24, 2019 / admin / 0 Comments

Oil prices edged higher on Tuesday after Russia’s energy minister, Alexander Novak, said cooperation with OPEC on supporting the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories. Brent crude was up 7 cents at $66.46 a barrel by 0105 GMT. U.S. West Texas …

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Rupee’s reign as Asia’s top performing currency unlikely to last long

December 23, 2019 / admin / 0 Comments

The bounce in India’s rupee that’s made it the top performer among major Asian economies is failing to win over traders. The currency has risen about 1% in the past month after falling by as much 1.2% in October and November. Traders say the fillip provided by a one-off corporate inflow of about …

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Tata Group stocks remain under pressure after NCLAT order

December 19, 2019 / admin / 0 Comments

Shares of various Tata Group companies remained under pressure on Thursday as well, falling up to 2 per cent in morning trade, after the National Company Law Appellate Tribunal (NCLAT) restored Cyrus Mistry as Tata Sons Chairman. Tata Power Company fell 1.62 per cent, Tata Coffee declined 1.52 per cent, Tata Metaliks dipped 1.60 per cent, Tata Steel 1.46 per …

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Prince pipes raises Rs 150 crore from Aditya Birla MF, HDFC Life Insurance, other anchor investors

December 18, 2019 / admin / 0 Comments

Pipes and fittings manufacturer Prince Pipes has mopped up Rs 150 crore from anchor investors.According to a regulatory filing, the company allocated 84.26 lakh shares at Rs 178 apiece to eight anchor investors. SBI Oman, Aditya Birla MF, SBI Life Insurance, HDFC Life Insurance, Mirae Asset MF, HDFC MF, Tata MF and New Mark Capital participated …

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Oil hovers near 3-month high on trade optimism, supply cuts

December 17, 2019 / admin / 0 Comments

Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline and set to stoke oil demand in the world’s biggest economies. Brent crude oil futures had slipped by …

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Sebi bans Trade India Research’s proprietor Neha Gupta from capital markets

December 16, 2019 / admin / 0 Comments

Regulator Sebi has barred Trade India Research’s proprietor Neha Gupta from the capital markets for promising assured returns to lure clients into subscribing multiple packages in order to maximise fee for her own benefit. The order comes after the Securities and Exchange Board of India (Sebi) received several complaints against …

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Boris Johnson’s emphatic victory, US-China trade deal optimism boost global market

December 13, 2019 / admin / 0 Comments

Stocks rose and the pound gained on Friday as the prospect of a China-U.S. trade deal and an election victory for Britain’s Brexit-backing Conservative Party cleared two of the darkest clouds on the global investment horizon.The double dose of relief undercut safe-haven sovereign bonds and the Japanese yen and led …

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Oil prices gain as OPEC revises deficit forecast

December 12, 2019 / admin / 0 Comments

Oil prices edged higher on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in US crude inventories. Brent futures rose 24 cents, or 0.4% to $63.96 a barrel by 0242 GMT, after …

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Month: December 2019

Oil prices edge down but set for biggest yearly rise since 2016

Global markets: Asian shares down from the 18-month top; oil steady after U.S. strikes

Oil hovers near 3-month high on trade optimism, supply cuts

Boris Johnson’s emphatic victory, US-China trade deal optimism boost global market

Oil prices gain as OPEC revises deficit forecast

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